Paper Title
Strategic Significance of Technology Capability on firm Performance via Research and Development in U.S.-based SMEs —A new Perspective

Abstract
Technology capability via R&D intensity and marketing has been one of the most competitive corporate strategic factors across different industry sectors, regardless of size. The study aims to determine the significance of technology strength through research and development (R&D) on the firm's performance in the U.S. small and medium-sized enterprises (SMEs), along with other strategic factors across primary business functions. Technology capability through R&D intensity is a prerequisite for companies to survive and grow in today's competitive market. Long-term, lasting solutions characterize R&D investments and their accompanying risks. In this regard, companies must undertake a risk-benefit analysis to determine whether making financial investments in technology innovations is profitable, even in SMEs. Considering the strategic balance between risks and benefits, the firm should pursue an aggressive strategy in R&D investments to build its technological capabilities that affect its sustaining power under competitive economic conditions that were accentuated by the COVID crisis. This study uses panel data to determine the strategic impact of R&D intensity on the firm's financial performance in U.S. SMEs. Further, the study considers a one-period lag. Keywords - R&D; SMEs; Technology Intensity