Peran Tata Kelola Dan Sumber Daya Terhadap Beban R&D Perusahaan Nonkeuangan Terbuka Di Indonesia

Nathanael, Joshua and Murhadi, Werner Ria (2022) Peran Tata Kelola Dan Sumber Daya Terhadap Beban R&D Perusahaan Nonkeuangan Terbuka Di Indonesia. Eqien : Jurnal Ekonomi dan Bisnis, 11 (4). pp. 502-511. ISSN 2503-4413; E - ISSN : 2654-5837

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Abstract

To accomplish long-term goals, one of the strategic steps taken by the company is investing in innovation through Research and Development (R&D) spending. Numerous studies show that R&D activities can improve company performance. However, fewer studies discuss the factors involved in R&D investment, especially in Indonesia. In addition, the versatile results of previous studies make this research still relevant. This study aims to determine which factors are involved in R&D expense decisions from a company's resource and corporate governance perspective. This research uses multiple linear regression with the Ordinary Least Square (OLS) estimation method. Based on the stability test, the Covid-19 pandemic affects the relationship between several factors in R&D expense. In all samples, only the proportion of independent commissioners positively affects R&D expenses. There is shifting in the variables of company ownership, profitability, and tangible assets toward R&D expense. But, debt has no significant effect on R&D expenses before and during the pandemic. Thus, ownership concentration, independent commissioner, and company resources, such as tangible assets and other financing sources, have a role in the R&D investment decision. This research shows the crucial role of corporate governance in managing a company's resources to sustain a competitive advantage through R&D activities.

Item Type:	Article
Uncontrolled Keywords:	Company’s Resources; Corporate Governance; R&D Expense
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Werner R. Murhadi 31124
Date Deposited:	03 Jan 2023 03:18
Last Modified:	03 Jan 2023 03:41
URI:	http://repository.ubaya.ac.id/id/eprint/43033

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