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This article describes the impact of R&D investment to on the economic stability in the Czech electronics industry in the period 2007–2014. Increasing the competitiveness of companies is conditional on the systematic investments, development and stability of companies. Searching for competitive advantage through innovation may be one of the ways of how to obtaining a sTab. market position in the industry. The aim of this article was is to determine whether there are relations between changes of economic indicators and the reporting process of research activities for innovative companies in the electronics industry. The research was conducted among 103 companies based in the Czech Republic, which invested in R&D in 2007 – 2013. The comparison was made between companies which invested in the 2007 – 2013 in the annual or occasional R&D. Two subgroups were established and companies in each subgroup were monitored companies according to their size. Spearman’s rank correlation was used to assess if relationships among R&D Expenditure and Operating Revenue were preserved across periods. Two hypotheses were formulated and verified on the basis of statistical data processing of innovative companies. The results showed that innovative companies had the ability to better capitalize on their asset base, and they are better able to cover their needs from their own resources better than other companies of in the electronics industry. Their ability to provide a return on equity varies by according to company size. Innovative companies showed an ability to reach a positive outcome from operating activities. The coefficient of self-financing for SMEs is for SMEs constantly above the industry mean and increases with the length of period of time. This trend was not confirmed for micro-companies and large companies this trend was not confirmed.

R&D spending is one of key tools to achieve companies' growth. Government support is key factor for R&D activities in manufacturing small and medium enterprises. The uncertainty of the outcome of research and innovation restricts owners and managers decision on strategic planning about production program of the company. Managers solve additional financing research activities from other sources by the impossibility of full funding from its own budget. Here is presented a fuzzy model-objective - option R&D support which maximizes the outcome and optimizes the R&D program in manufacturing small and medium enterprises. The methodology used a two-stage decision making, using 18 variables, of which two are interdependent. The used of fuzzy logic have been taken because some vaguely specified characteristics that cannot be accurately determined. This method of application offers an innovative look at the funding of R & D activities in the company. The methodology was developed on the basis of data of enterprises of electro technical industry and was verified using data from period 2007-2013.

Support for Research, Development and Innovation is a priority for economic growth in advanced economic systems. The aim of this paper is to confirm the conjecture regarding the feasibility of R&D tax incentives in the legislative environment. In the Czech Republic, the economic environment is motivated to economic development and growth by membership in the European Union. Open the possibility of European integration and the need to meet the objectives of the Strategy Europe 2020 has brought new opportunities to exploit the potential of Czech human resources in Research, Development and Innovation. The Czech Republic has third best conditions for enterprises involving in its operations its own R&D, according to European Tax Analyzer. Nevertheless the statistical indicators show that enterprises use more direct R&D support, financed from state budget, this paper evaluates the example of manufacturing company utilizing public support to R&D and R&D tax incentives within the industry. The selected barriers for non-use of R&D tax incentives are described. Despite the existence of barriers, the author managed to demonstrate a positive effect on increasing the company's competitiveness in the use of R&D tax incentives.

Purpose of the article: This paper examines the impact of the Czech R&D Tax Incentives scheme on the number of Innovations and patenting. Czech R&D spending in business sector is low by OECD and EU Innovation standards. To achievement the aims of strategy Europa 2020 in 2005 the Czech government introduced a R&D Tax Incentives. This type of R&D Tax Incentives is the best in EU-27, how simulated ZEW Mannheim team used European Tax Analyser. Methodolgy/methods: We analysed the effects of R&D Tax Incentives on the likelihood of innovating and patenting in business companies, NACE 26.51 Measuring, testing and navigating equipment; watches and clocks. We used three databases: Database for Czech firms, data of Financial Administration of the Czech Republic and results of questionnaire Research and Development of Czech Statistical Office. Scientific aim: The aim of this paper is to analyze and assess the current state of investment in own R&D in manufacturing enterprises of electro technical industry in the Czech Republic, especially in relation to the actual realization of innovations and patents, financing sources used in relation to the size of the business. Czech companies using public subsidies to R&D activities, structural funding from EU, own resources and R&D Tax Incentives. Findings: The part of Manufacturing Industry is the part of the third fastest growing industry and the most R&D Tax Incentives volume (in CZK). R&D investment is for SME risky. SMEs likely produce for a large company, than starting new products line by themselves. Moreover, it is very difficult for financial and government institutions to judge the quality of the R&D investment because of its uncertain outcome and firms’ reluctance to disclose all of the relevant information. For SMEs, particularly small firms and start-ups, will be more likely to be credit constrained when investing in R&D. Conclusions: Enterprises of business sector with own R&D are more competitiveness than enterprises witho