摘要：Malaysia empowers to achieve innovation and becoming an advanced country by 2020. However, the innovation level among companies is still relatively low and it is not sufficient for Malaysia to accomplish the goals of the Eleventh Malaysia Plan (2016-2020) which is to increase enterprise innovation by 2020. The Eleventh Malaysia Plan introduced a strategy to improve innovation at enterprise level which is through strengthening the governance mechanisms. The purpose of this study is to examine the relationship between innovation investments and firm performance. This study uses empirical data on 14 technology public listed companies (PLCs) in Malaysia that is observed for year 2010-2014. Based on this data-set, the findings indicate that there is a positive relationship between innovation investments and firm performance for the technology PLCs. Higher director’s commitments and characteristics that are considered to help boost the innovation investments and firm performance. The finding contributed to the small and medium companies to involve on innovation and gain on return on investment. Further, strengthening the governance mechanism, increasing the demand-driven research through streamlining the public sector funding and strengthening the industry-academia collaboration and stimulating private financing for R&D, commercialization and innovation.
关键词：Innovation Investment; Technology Companies; Malaysia
