LUSM associate professor Wang Yu has published a research paper “Research on the Synergistic Effect of R&D Expenditures for IT investment：A Contingent View of Internal Organizational Factors” in Management Word, which is the first time for LUSM faculty and marks a new breakthrough in the scientific research of LUSM.

This paper examines the moderating effect of R&D expenditure on the relationship between IT investment and firm performance, and how this moderating effect varies between state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs) with a three-way interaction model. Chinese publicly listed companies on the Shanghai or Shenzhen Stock Exchanges from 2007 to 2015 were selected as the sample.

The empirical results show that (1) IT investment is positively related to firm performance, which indicates the importance of informatization in improving firm performance; (2) R&D expenditure positively moderates the relationship between IT investment and firm performance, which suggests a strong synergy effect of R&D expenditures on IT investment by finding the significant joint effect of IT investment and R&D expenditure on firm performance; (3) the positive moderating effect of R&D expenditures on the relationship between IT investment and firm performance is stronger in non-SOEs than SOEs, which indicates the significant difference in the synergy effect of R&D expenditures on IT investment between non-SOEs and SOEs that is probably due to the inefficiency of SOEs in using R&D.

This paper first provides an important theoretical contribution for firm to combine IT and R&D to improve IT investment performance; Second, helps firm to understand how the joint effect of IT and R&D on firm performance.

Paper Link: 

https://kns.cnki.net/kcms/detail/detail.aspx?doi=10.19744/j.cnki.11-1235/f.2020.0104

Management Word is an authoritative monthly magazine of Development Research Center of the State Council. It was first published in 1985.  It is one of the first academic journals approved by The State Administration of Press, Publication, Radio, Film and Television of the People's Republic of China and winner of two of the “Top 100 Social Science Journals” as well as one of the first key journals approved by National Planning Office for Philosophy Social Science to be supported by The National Social Science Fund of China. it has ranked first in management academic journals for many years according to the evaluation of CSSCI (Chinese Social Science Citation Index) and other three major social science journals evaluation system and is known as the only "top journal" of management science in the evaluation of journals of Chinese Academy of Social Sciences. In terms of international influence, it ranks first in China’s management journals.