This study shows how R&D investment improves firm performance in high-tech firms, indicating its role in economic development and institutional resilience.
Key Points
Investment in R&D enhances innovation capacity and market adaptability, and supports national objectives like technological self-reliance.
A balanced capital structure contributes to significant firm performance improvements and supports sustainable growth in high-tech industries.
The research involves analyzing data over five years to explore the relationship between capital structure and firm performance.
Findings highlight the potential for private-sector financial strategies to drive structural transformation in emerging economies.