Performance drivers of the R&D activities in the chemical sector in Spain: a balanced scorecard approach

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URI: http://hdl.handle.net/10498/30460

DOI: 10.1080/09537325.2020.1850672

ISSN: 1465-3990

ISSN: 0953-7325

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Author/s
Revuelta Bordoy, DanielAuthority UCA; Sánchez Ortiz, JaimeAuthority UCA; García Valderrama, TeresaAuthority UCA
Date
2021
Department
Economía Financiera y Contabilidad; Organización de Empresas
Source
Technology Analysis and Strategic Management, Vol. 33, Núm. 8, pp. 885-899
Abstract
We have studied the drivers of the performance of the Research and Development (R&D) activities in the chemical sector in Spain. For this purpose, we have validated a Balanced Scorecard (BSC) framework for R&D and analysed the relationships between the Resources and Internal Processes and the Commercial and Financial results of the R&D activities. The study has been undertaken using data gathered from a total of 95 companies in the chemical sector in Spain. We employ the methodology of structural equations and specifically the Partial Least Squares (PLS) technique. We have located the drivers that exert the most effect on each of the dimensions (Resources, Internal Processes, Innovation) that form the BSC for R&D and therefore ultimately affect the performance of the company as a whole (Commercial and Financial Results).
Subjects
R&D; performance drivers; Spanish chemical sector; innovation
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