Impact Of R&D Investment On Business Performance Of Food Processing Enterprises Listed On Vietnam Stock Exchange

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.