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Sustainability 2017, 9(11), 1964; doi:10.3390/su9111964

Exploring R&D Influences on Financial Performance for Business Sustainability Considering Dual Profitability Objectives

1
Department of Banking & Finance, Chinese Culture University (SCE), Taipei 11114, Taiwan
2
Institute of International Business Admin., Chinese Culture University (SCE), Taipei 11114, Taiwan
3
Graduate Institute of Urban Planning, National Taipei University, New Taipei City 23741, Taiwan
*
Author to whom correspondence should be addressed.
Received: 29 September 2017 / Revised: 19 October 2017 / Accepted: 26 October 2017 / Published: 27 October 2017
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Abstract

The importance of research and development (R&D) for business sustainability have gained increasing interests, especially in the high-tech sector. However, the efforts of R&D might cause complex and mixed impacts on the financial results considering the associated expenses. Thus, this study aims to examine how R&D efforts may influence business to improve its financial performance considering the dual objectives: the gross and the net profitability. This research integrates a rough-set-based soft computing technique and multiple criteria decision-making (MCDM) methods to explore this complex and yet valuable issue. A group of public listed companies from Taiwan, all in the semiconductor sector, is analyzed as a case study. More than 30 variables are considered, and the adopted soft computing technique retrieves 14 core attributes—for the dual profitability objectives—to form the evaluation model. The importance of R&D for pursuing superior financial prospects is confirmed, and the empirical case demonstrates how to guide an individual company to plan for improvements to achieve its long-term sustainability by this hybrid approach. View Full-Text
Keywords: business sustainability; research and development (R&D); multiple criteria decision-making (MCDM); financial objective; variable-consistency dominance-based rough set approach (VC-DRSA); internetwork relationship map (INRM); directional flow graph (DFG) business sustainability; research and development (R&D); multiple criteria decision-making (MCDM); financial objective; variable-consistency dominance-based rough set approach (VC-DRSA); internetwork relationship map (INRM); directional flow graph (DFG)
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Shen, K.-Y.; Yan, M.-R.; Tzeng, G.-H. Exploring R&D Influences on Financial Performance for Business Sustainability Considering Dual Profitability Objectives. Sustainability 2017, 9, 1964.

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