Authors :
Alin-Ionuț Dorobanțu
Volume/Issue :
Volume 7 - 2022, Issue 8 - August
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3xyRcI3
DOI :
https://doi.org/10.5281/zenodo.7092973
Abstract :
Along with the evolution of technology, the
need for continuous innovation has become a topic of
great interest for companies, this being a key point, both
in the struggle for competition and survival on the
market, and from the desire of the managers, of the
respective companies, to obtain increased financial
performance, thus causing them to adapt to new
conditions through continuous innovation, which is
based on investments. The understanding of the
diversity of definitions given to the term innovation is a
very broad one in the scientific literature, being both
modern and classic authors who define innovation in
different ways. In the literature review, the common
point of the understanding of innovation is change,
which takes place continuously and unceasingly, leading
to new results, creating new needs, and as a
consequence, new markets for the products and services
resulting from the change process. The research paper
consists of analyzing the relationship between
investments in innovation and the performance of
companies in the European Union. The research
method used involves panel data analysis, applied to
sample data, determined using the EViews statistical
program. The scientific approach carried out has as its
objective the desire to highlight the link between the
investments made by the companies for innovation and
the performances obtained by them, following the
investments, from a financial-accounting perspective.
The research results indicate that investments in
innovation have a positive impact on the performance of
companies making such investments.
Keywords :
Investment in innovation; intangible assets; research and development; operating profit; sales; goodwill
Along with the evolution of technology, the
need for continuous innovation has become a topic of
great interest for companies, this being a key point, both
in the struggle for competition and survival on the
market, and from the desire of the managers, of the
respective companies, to obtain increased financial
performance, thus causing them to adapt to new
conditions through continuous innovation, which is
based on investments. The understanding of the
diversity of definitions given to the term innovation is a
very broad one in the scientific literature, being both
modern and classic authors who define innovation in
different ways. In the literature review, the common
point of the understanding of innovation is change,
which takes place continuously and unceasingly, leading
to new results, creating new needs, and as a
consequence, new markets for the products and services
resulting from the change process. The research paper
consists of analyzing the relationship between
investments in innovation and the performance of
companies in the European Union. The research
method used involves panel data analysis, applied to
sample data, determined using the EViews statistical
program. The scientific approach carried out has as its
objective the desire to highlight the link between the
investments made by the companies for innovation and
the performances obtained by them, following the
investments, from a financial-accounting perspective.
The research results indicate that investments in
innovation have a positive impact on the performance of
companies making such investments.
Keywords :
Investment in innovation; intangible assets; research and development; operating profit; sales; goodwill