Electronics Industry: R&D Investments as Possible Factors of Firms Competitiveness

AbstractThis paper aims at the impact of R&D investments on economic stability in the Czech enterprises. The authors study relationships between R&D investments and financial indicators and ratios for period 2007–2014. The empirical analysis is based on a sample of 103 Czech electronic industries innovative enterprises with R&D investments during the period 2007–2013. The paper deals with the hypothesis that R&D investments are utilized to increase economic efficiency. The second hypothesis is represented by an idea that enterprises invest systematically to be able to cope better with the effects of depressions. Financial indicators are analyzed and presented with the aim to verify these hypotheses