Research Article | OPEN ACCESS
Research on the Relationship between Innovation and Growth of Food Manufactures in Developing Country: Evidence from the Listed Company in China
Tian Ming, Zhang Yang and Tang Zhen
Business School of Hohai University, Nanjing 211100, China
Advance Journal of Food Science and Technology 2016 6:460-464
Received: June 8, 2015 | Accepted: July 8, 2015 | Published: February 25, 2016
Abstract
Although innovation is considered as the critical factor to improve economic performance for food firms, the empirical evidence from developing countries is still scarce. To fill the gap, this study takes advantage of linear regression method to conduct empirical analysis of 62 food manufactures from Shanghai and Shenzhen stock exchange of China over the period 2013-2014. The results show that R&D spending has a positive effect on the performance of food enterprises. However, the scale-effect is more important than R&D spending for food industry in the context of China. These results enrich current understanding of innovation in the food industry and give practical implications to policy makers and firms to guide their R&D activities.
Keywords:
Empirical study, food manufactures, innovation, listed company, R&D,
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Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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