创业板上市公司研发信息披露及其影响因素研究

发布时间：2018-03-16 00:28

本文选题：上市公司　切入点：研发投入　出处：《华南理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：创业板上市公司在我国扮演着重要的角色，它主要是由高新技术企业构成，因此研发投入作为企业技术、产品创新的源泉，成为了企业保持核心竞争力、获得生存和发展的关键。随着我国投资者素质的不断提高，他们对企业的信息披露，尤其是研发信息的披露也不断重视起来，希望能够更加深入地了解企业的发展潜力和竞争优势，从而相对准确的估算企业的投资价值。但目前我国创业板上市公司研发信息披露的现状却不容乐观，上市公司的信息披露并没有很好的反映企业的研发情况。那么到底是哪些因素影响了我国创业板上市公司研发信息披露水平就成为了学术界面临的重要课题。本文在相关理论的基础上，以2010—2012年创业板中披露了研发信息的公司为研究对象，主要采用描述性统计分析和多元回归分析的方法，，探索了上市公司研发信息披露的相关情况，既包括对研发投入信息披露现状及动因的分析，又包括对研发投入信息披露相关影响因素的实证研究，最后提出了关于提高我国创业板上市公司研发信息披露水平的相关政策建议。首先，本文在整理分析国内外相关研究文献的基础上，对研发投入及其信息披露等概念做出了界定，并对其理论基础进行了阐述，详细讨论了影响我国创业板上市公司研发信息披露的影响因素，并在此基础上提出了研究假设；其次，通过参考国内外实证研究文献，根据研究假设，构建了衡量企业研发信息披露的指标体系，并通过对创业板上市公司年报中的研发信息进行逐一查找，确定了348家样本公司，设计了本文实证研究中所需要的变量，建立了多元回归模型；最后，运用描述性统计分析、相关性分析和多元回归分析，对样本公司研发投入信息披露的现状及其影响因素进行了实证检验，得出实证研究结果，并在此基础上提出了若干政策建议。
[Abstract]:Gem listed companies play an important role in our country, it is mainly composed of high-tech enterprises, so R & D investment as a source of enterprise technology and product innovation has become the core competitiveness of enterprises. With the continuous improvement of the quality of investors in our country, they pay more attention to the disclosure of enterprise information, especially the disclosure of R & D information. I hope to know more about the development potential and competitive advantage of enterprises, so as to estimate the investment value of enterprises more accurately. However, the current situation of R & D information disclosure of listed companies in gem in China is not optimistic. The information disclosure of listed companies does not reflect the R & D situation of enterprises well, so what factors affect the level of R & D information disclosure of listed companies in gem has become an important topic facing the academic community. Based on the relevant theories, this paper takes the companies that disclosed the R & D information in the gem of 2010-2012 as the research object, mainly using descriptive statistical analysis and multiple regression analysis to explore the related situation of R & D information disclosure of listed companies. It includes not only the analysis of the current situation and motivation of R & D input information disclosure, but also the empirical research on the influencing factors of R & D input information disclosure. Finally, the paper puts forward some policy suggestions on how to improve the level of R & D information disclosure of gem listed companies in China. First of all, this paper defines the concepts of R & D investment and information disclosure on the basis of the analysis of domestic and foreign related research literature, and expounds its theoretical basis. This paper discusses in detail the factors that affect the disclosure of R & D information of listed companies on the gem in China, and puts forward the research hypotheses on this basis. Secondly, by referring to domestic and foreign empirical research literature, according to the research hypothesis, the paper constructs an index system to measure the disclosure of enterprise R & D information, and looks up the R & D information in the annual report of listed companies on the gem one by one. It has determined 348 sample companies, designed the variables needed in the empirical research of this paper, and established the multivariate regression model. Finally, using descriptive statistical analysis, correlation analysis and multiple regression analysis, the paper empirically tests the current situation and influencing factors of R & D investment information disclosure of sample companies, and obtains the empirical research results. On this basis, some policy suggestions are put forward.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F273.1;F832.51

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