Regional development, innovation systems and service companies’ performance

G.A. Afrifa; J. Amankwah-Amoah; F. Yamoah; A. Acquaye; J. Syllias; E.N.B. Quaye

doi:10.1016/j.techfore.2021.121258

Regional development, innovation systems and service companies’ performance

G.A. Afrifa, J. Amankwah-Amoah, F. Yamoah, A. Acquaye, J. Syllias, E.N.B. Quaye

School of Accounting and Finance - Business School

Research output: Contribution to journal › Article (Academic Journal) › peer-review

5 Citations (Scopus)

Abstract

This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country’s innovation has no direct effect on UK service companies’ performance. Additional results showed that performance differences from geographic
scope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, and
between private and public firms.

Original language	English
Article number	121258
Journal	Technological Forecasting and Social Change
Volume	174
Early online date	1 Nov 2021
DOIs	https://doi.org/10.1016/j.techfore.2021.121258
Publication status	Published - 5 Jan 2022

Bibliographical note

Funding Information:
Adolf Acquaye, is an Associate Professor at Rochester Institute of Technology, Dubai, UAE. Previously, he was a Reader in Sustainability at Kent Business School, University of Kent, UK. He is a Lead Author for the United Nations Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report (AR6), 2018–2021. He also previously acted as a Lead Author for the AR5 (2012–2014) and Contributing Author of the Technical Summary Report of the IPCC. Dr Acquaye serves on the Editorial Board of Energies and has Guest Editored Special Issues in the Journal of Environmental Accounting and Management and Energies. He is the recipient of research funding awards from the European Commissions and The British Academy. He is widely published on his research, which cuts across sustainability issues and how these inform business practice and policy.

Publisher Copyright:
© 2021

Access to Document

10.1016/j.techfore.2021.121258

Handle.net

Persistent link

Cite this

@article{9a4726f76be748338ec7a800f94c940d,

title = "Regional development, innovation systems and service companies{\textquoteright} performance",

abstract = "This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country{\textquoteright}s innovation has no direct effect on UK service companies{\textquoteright} performance. Additional results showed that performance differences from geographicscope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, andbetween private and public firms.",

author = "G.A. Afrifa and J. Amankwah-Amoah and F. Yamoah and A. Acquaye and J. Syllias and E.N.B. Quaye",

note = "Funding Information: Adolf Acquaye, is an Associate Professor at Rochester Institute of Technology, Dubai, UAE. Previously, he was a Reader in Sustainability at Kent Business School, University of Kent, UK. He is a Lead Author for the United Nations Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report (AR6), 2018–2021. He also previously acted as a Lead Author for the AR5 (2012–2014) and Contributing Author of the Technical Summary Report of the IPCC. Dr Acquaye serves on the Editorial Board of Energies and has Guest Editored Special Issues in the Journal of Environmental Accounting and Management and Energies. He is the recipient of research funding awards from the European Commissions and The British Academy. He is widely published on his research, which cuts across sustainability issues and how these inform business practice and policy. Publisher Copyright: {\textcopyright} 2021",

year = "2022",

month = jan,

day = "5",

doi = "10.1016/j.techfore.2021.121258",

language = "English",

volume = "174",

journal = "Technological Forecasting and Social Change",

issn = "0040-1625",

publisher = "Elsevier",

}

TY - JOUR

T1 - Regional development, innovation systems and service companies’ performance

AU - Afrifa, G.A.

AU - Amankwah-Amoah, J.

AU - Yamoah, F.

AU - Acquaye, A.

AU - Syllias, J.

AU - Quaye, E.N.B.

N1 - Funding Information: Adolf Acquaye, is an Associate Professor at Rochester Institute of Technology, Dubai, UAE. Previously, he was a Reader in Sustainability at Kent Business School, University of Kent, UK. He is a Lead Author for the United Nations Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report (AR6), 2018–2021. He also previously acted as a Lead Author for the AR5 (2012–2014) and Contributing Author of the Technical Summary Report of the IPCC. Dr Acquaye serves on the Editorial Board of Energies and has Guest Editored Special Issues in the Journal of Environmental Accounting and Management and Energies. He is the recipient of research funding awards from the European Commissions and The British Academy. He is widely published on his research, which cuts across sustainability issues and how these inform business practice and policy. Publisher Copyright: © 2021

PY - 2022/1/5

Y1 - 2022/1/5

N2 - This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country’s innovation has no direct effect on UK service companies’ performance. Additional results showed that performance differences from geographicscope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, andbetween private and public firms.

AB - This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country’s innovation has no direct effect on UK service companies’ performance. Additional results showed that performance differences from geographicscope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, andbetween private and public firms.

UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-85118339247&partnerID=MN8TOARS

U2 - 10.1016/j.techfore.2021.121258

DO - 10.1016/j.techfore.2021.121258

M3 - Article (Academic Journal)

SN - 0040-1625

VL - 174

JO - Technological Forecasting and Social Change

JF - Technological Forecasting and Social Change

M1 - 121258

ER -

Regional development, innovation systems and service companies’ performance

Abstract

Bibliographical note

Access to Document

Handle.net

Other files and links

Fingerprint

Cite this