Enterprise Performance, R & D Expense Ratio and the Total Factor Productivity of TCM Listed Enterprises -- Empirical Research in the Context of New Quality Productivity
Year: 2024
Type: article
Abstract: This study, focusing on the high-quality development of traditional Chinese medicine (TCM) enterprises, examines A-share listed TCM companies from 2018 to 2022. It uncovers that operational performance positively influences total factor productivity, with R&D expenses exerting a negative intermediary effect. This impact is more pronounced in smaller firms. Enhancing operational performance is thereby crucial for the successful transformation and high-quality growth of TCM enterprises.
Authors: Zhiran Hu, Lijing Luo, Hui Li, Linqian Dong
Language: English
Topic: Firm Innovation and Growth
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4404150326