企业年龄、研发投入与绩效的实证研究——基于浙江省A股上市公司的经验数据

发布时间：2018-03-21 13:37

本文选题：企业年龄　切入点：研发投入　出处：《财会通讯》2017年36期 　论文类型：期刊论文

【摘要】：本文利用165家浙江省A股上市公司,分析企业研发投入对绩效的影响,以及企业年龄对研发投入与绩效间关系的调节作用。研究显示,当不考虑企业年龄因素时,研发投入与绩效成显著的负相关关系;考虑企业年龄因素后,发现年龄可促进企业价值的提升,且年龄与研发投入的交互项对绩效呈显著的正相关关系;研究还表明:研发投入对企业利润发挥积极作用的年限需6.67年,提升企业价值的年限需9.14年。因此,研发实质反映的是企业的组织能力。
[Abstract]:In this paper, 165 A-share listed companies in Zhejiang Province are used to analyze the impact of R & D investment on performance, and the moderating effect of enterprise age on R & D investment and performance. Research and development investment and performance have a significant negative correlation, after considering the enterprise age factors, it is found that age can promote the enterprise value, and the interaction between age and R & D investment has a significant positive correlation to the performance. The study also shows that R & D investment plays a positive role in enterprise profits for 6.67 years, and promotes enterprise value for 9.14 years. Therefore, R & D essentially reflects the organizational ability of the enterprise.
【作者单位】：浙江工业大学经贸学院;
【分类号】：F273.1;F275;F832.51

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