Impact of R&D Investment on Business Performance of Food Processing Enterprises Listed on Vietnam Stock Exchange
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Sharma (2012) shows the positive and direct impact of research and development on business results of enterprises. Research and Development (R&D) investment is known as a key direction in creating competitive advantage of enterprises in the globalization context. This study aims to determine the impact of R&D investment on the business performance of food processing industry listed on the Vietnam stock exchange. The results show that R&D investment has a positive effect on business performance. In which, the factors of R&D fund and firm size have a positive impact on business performance. From this result, food processing industry listed on the Vietnam stock exchange need to determine the right position and importance of R&D investment, should allocate more budget for research and development to improve business efficiency.
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