Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Research and Development in the Service Sector – Vague Definition and Problematic Application

Research and Development in the Service Sector – Vague Definition and Problematic Application AbstractIt is a well-known fact that research and development (R&D) activities are an important factor in maintaining a business on the market. Nowadays, not only is conducting R&D crucial for entities from new technology sector, but also for companies from each sector, including service entities. The aim of the study was to investigate R&D activities among the biggest publicly traded entities in Poland and to examine the way economists and engineers understand the notion of R&D. We hypothesize and find that R&D expenditure is underestimated or unrecognized in financial reports disclosed by service sector enterprises. Further, we surveyed professional economists and engineers to investigate their knowledge about R&D notion and ability to distinguish operational (day-to-day) actions from R&D activities. The study results indicated difference between the opinions expressed by economists and engineers. Our findings are important for regulators and practitioners as they pinpoint that a substantial change in the definition of R&D is required in order to facilitate a wider adoption of R&D by companies rendering services. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Systems in Production Engineering de Gruyter

Research and Development in the Service Sector – Vague Definition and Problematic Application

Loading next page...
 
/lp/de-gruyter/research-and-development-in-the-service-sector-vague-definition-and-0V2WNjmnRE
Publisher
de Gruyter
Copyright
© 2020 Ewa W. Maruszewska et al., published by Sciendo
eISSN
2450-5781
DOI
10.2478/mspe-2020-0009
Publisher site
See Article on Publisher Site

Abstract

AbstractIt is a well-known fact that research and development (R&D) activities are an important factor in maintaining a business on the market. Nowadays, not only is conducting R&D crucial for entities from new technology sector, but also for companies from each sector, including service entities. The aim of the study was to investigate R&D activities among the biggest publicly traded entities in Poland and to examine the way economists and engineers understand the notion of R&D. We hypothesize and find that R&D expenditure is underestimated or unrecognized in financial reports disclosed by service sector enterprises. Further, we surveyed professional economists and engineers to investigate their knowledge about R&D notion and ability to distinguish operational (day-to-day) actions from R&D activities. The study results indicated difference between the opinions expressed by economists and engineers. Our findings are important for regulators and practitioners as they pinpoint that a substantial change in the definition of R&D is required in order to facilitate a wider adoption of R&D by companies rendering services.

Journal

Management Systems in Production Engineeringde Gruyter

Published: Mar 1, 2020

There are no references for this article.