R&D investment, intellectual capital, organizational learning, and firm performance: a study of Chinese software companies

Abstract

The effect of R&D investment on firm performances is subject of a number of internal factors. The dynamics of this effect is unclear in the literature. Based on the knowledge-based view and theory of intellectual capital, this research establishes a theoretical model to test the interrelationships among R&D investment, intellectual capital, organizational learning, and firm performance. We obtained seven years’ panel data from two data centers, and applied mediation and moderation models to investigate the interrelationships. Our findings showwhile intellectual capital fully mediates the relationship between R&D investment and firm performance, organizational learning moderates the relationship between R&D investment and human capital. Our results show the important roles of intellectual capital and organizational learning in enhancing the effectiveness of R&D investment.

Keywords:

• Intellectual capital
• organizational learning
• software quality
• R&D
• firm performance

Disclosure statement

No potential conflict of interest was reported by the author(s).

Correction Statement

This article has been corrected with minor changes. These changes do not impact the academic content of the article.

Additional information

Funding

This work was supported by National Natural Science Foundation of China: [Grant Number 71572196].