The purpose of this study was to investigate the impact of internal managers, the global financial crisis and financial constraints on the relationship between financial loss and the intensity of investment in research and development spending in information technology
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The purpose of this study was to investigate the impact of internal managers, the global financial crisis and financial constraints on the relationship between financial loss and the intensity of investment in research and development spending in information technology (IT) companies. The realm of research is the IT companies admitted to the Tehran Stock Exchange from 2006 to 2018. The present research is applied in applied research. The present research method in terms of nature, is a descriptive study and this method is considered as a correlation in the research category. In the research data section, data was collected from sample companies by referring to financial statements and explanatory notes. Based on the systematic elimination method, 20 companies in the field of information technology were selected as a statistical sample. In order to analyze the data, the pre-test variance analysis, F lemmer test, Hausman test and J-B test were used. Then, multivariate regression test was used to confirm and reject the research hypotheses. The results showed that there is a positive relationship between the financial loss and the intensity of investment in R&D expenditures in the IT companies, additionally, internal managers, the global financial crisis and financial constraints affect on the relationship between the financial loss and the intensity of investment in research expenditures, and the development of IT companies; the results obtained in this study are consistent with the documentation referenced in the theoretical framework of financial research and literature.
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