The Impact of the R&D Expenditure and Patent Rights towards Operating Performance in Medical Device Industry – An Empirical Study
The Impact of the R&D Expenditure and Patent Rights towards Operating Performance in Medical Device Industry – An Empirical Study

Summary/Abstract: In face of the emergence of knowledge-based economy and global competition, countries in the world have actively increased sci-tech resources inputs and accelerate R&D innovation. Medical device industry is the emerging star industry under the time. Medical device industry with higher technology, large market potential, high added value of output products, low pollution, emphasis on scitech integration, and broad application presents higher risks but higher profi ts, is a knowledge intensive industry, and will become a star industry leading global economy. Medical biotechnology industry requires constant innovation that it has long-term invested in large amount of R&D expenses for various patent rights and R&D results to enhance the competitiveness. R&D expenses and patent rights are therefore the key factors in medical biotechnology enterprises maintaining the competitive advantage. The managerial level and employees of medical device companies in Shanghai, as the research object, are distributed 300 copies of questionnaire. Total 232 valid copies are retrieved, with the retrieval rate 77%. The research results show positive relations between R&D expenditure and patent right, patent right and operational performance, and R&D expenditure and operational performance. According to the results, suggestions are eventually proposed, expecting to assist medical device industry in acquiring various patent rights for the R&D inputs and maintaining the competitive advantage.

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