盈利能力、资本结构与企业技术创新——来自山东省高新技术制造企业的数据

发布时间：2018-06-04 20:14

本文选题：RD投入 + 盈利能力　；参考：《商业会计》2014年23期

【摘要】：当前,技术创新成为摆脱经济危机、引领企业经济可持续发展的重要选择。作为创新的主体,企业已充分认识到技术创新的重要性,RD投入逐年增加。然而,RD投入的高风险性,使得企业进行融资时面临很大的困难。基于此,本文以2007-2011年山东省高新技术制造企业为样本,探讨企业盈利能力、资本结构和RD投入之间的关系。实证结果表明,盈利能力和资本结构皆对企业RD投入存在重要影响。这些结论为阐释技术创新过程中筹资、投资和收益分配之间的诸多动态相互关系,构建合理资本结构,提升盈利能力提供了参考。
[Abstract]:At present, technological innovation has become an important choice to get rid of the economic crisis and lead the sustainable development of enterprise economy. As the main body of innovation, enterprises have fully recognized the importance of technological innovation and R D investment has increased year by year. However, the high risk of R D investment makes enterprises face great difficulties in financing. Based on this, this paper discusses the relationship among profitability, capital structure and R D investment of high-tech manufacturing enterprises in Shandong Province from 2007 to 2011. The empirical results show that both profitability and capital structure have an important impact on R D investment. These conclusions provide a reference for explaining the dynamic interrelationships among financing, investment and income distribution, constructing reasonable capital structure and enhancing profitability in the process of technological innovation.
【作者单位】：中国海洋大学财务处;中国海洋大学管理学院;
【分类号】：F276.44;F406.7;F273.1

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