The Importance of Research and Development Investments in Boosting Organisational Performance and Resilience in the Context of Overlapping Crises
Year: 2025
Type: article
Abstract: This research explores the role of investment in research and development (R&D) as a driver of innovation and performance in high-tech and mediumtech sectors in the context of various crises.Therefore, the study aims to analyse the impact of R&D investment on organisational performance under crisis conditions, providing a detailed perspective on different sectors.The research is based on the application of statistical and econometric methods to evaluate financial data from various high-tech and medium-tech sectors.Through this approach, the study identifies the correlation between R&D investment and organisational performance, with a particular focus on the period 2018-2022.The results show a positive and significant correlation between R&D investment and the performance of companies in hightech industries such as information technology and computers, and semiconductors.In contrast, the pharmaceutical, biotech, and medical products sector shows an atypical pattern that does not reflect a significant direct correlation between the variables analysed, largely due to the special conditions generated by the COVID-19 pandemic.On the other hand, in medium-tech sectors such as energy and chemicals, R&D investments have not led to significant performance improvements in the context of crises.Looking at the overall results of the research, we can therefore see that the importance of investment in R&D for the performance of a company or an industry -regardless of the existing economic context -has been underlined, but it also depends on the nature of the crises, the level of technology, the long-or short-term orientation and many others.Therefore, company management must be responsive not only to the internal context of the company, but also to the opportunities and challenges generated by the economic cycle from which it cannot evade, and seek and implement methods, policies and strategies to capitalise on them and thus generate an optimal
Source: MONTENEGRIN JOURNAL OF ECONOMICS
Author: Corina Petrescu
Institution: Ştefan cel Mare University of Suceava
Language: English
Topic: Firm Innovation and Growth
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411283301