Corporate Strategy and R & D Activity. Model Analysis by Non-Financial Indicators

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We follow the research procedure in which the empirical research and the theoretical model analysis are executed at the same time in order to integrate the results of these researches. In theoretical model analysis, we studied the fundamental model necessary to advance the research about the non-financial indicators and R & D projects. In empirical research, we found the following results.(1)The number of patents will be a promising non-financial indicator in our future research.(2)Though the behavior of R & D costs and the number of patents to corporate profits is almost the same, the behavior of these to the uncertainty of the corporate profit is different, namely, the correlation between the number of patents and the uncertainty of the corporate profit is negative but the correlation between the R & D costs and the uncertainty of the corporate profit is positive. This finding is our original one.(3)The number of the may be a variable that connect the corporate strategy and R & D investments.