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研发投入对企业绩效的影响——来自2009—2011年中国上市公司的实证证据
引用本文:张俭,张玲红. 研发投入对企业绩效的影响——来自2009—2011年中国上市公司的实证证据[J]. 科学决策, 2014, 0(1): 54-72
作者姓名:张俭  张玲红
作者单位:[1]南华大学经管学院 [2]南华大学经济管理学院
基金项目:衡阳市科技发展计划项目(项目编号:2013KS33;湖南省教育厅科研项目(项目编号:13C815)
摘    要:
论文以2009-2011年中国上市公司为研究样本,从企业盈利能力和发展能力两个方面分析了企业的研发活动对企业绩效的影响。研究发现:(1)我国各行业研发投入普遍不足;(2)企业的研发活动与企业进行研发的当年及随后两年的绩效显著负相关,特别是对企业的盈利能力影响更明显。

关 键 词:研发投入  企业绩效  上市公司

The Impact of R&D on Firm Performance: Evidence from China's Listed companies
ZHANG Jian and ZHANG Ling-hong. The Impact of R&D on Firm Performance: Evidence from China's Listed companies[J]. Scientific Decision-Making, 2014, 0(1): 54-72
Authors:ZHANG Jian and ZHANG Ling-hong
Affiliation:ZHANG Jian,ZHANG Ling-hong
Abstract:
This paper uses the data from the listed companies in China during 2009-2011 to test the relationship between R & D investment and business performance in terms of profitability and development ability, We find the following phenomenon, Firstly, the R&D investment is generally inadequate in various industries in our country, Secondly, the relationship between R&D investment and the performance is significantly negative, not only in the same year but also in the following two years, And the performance of enterprise's profitability is affected mere significantly.
Keywords:R & D investment   firm performance   listed companies
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