新三板市场信息与互联网企业研发投入与绩效的关系研究

发布时间：2018-03-08 22:37

本文选题：新三板市场信息与互联网企业　切入点：研发投入　出处：《广东财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：本文以新三板市场主体行业信息与互联网行业中的挂牌企业为研究对象,在回顾和总结国内外学者对于企业研发投入与绩效关系研究的基础上,从新三板市场发展总体规模、地区分布、主要行业以及转板上市发展情况四个角度阐述新三板市场整体情况,而后进一步阐述本文研究对象的研发投入情况。根据本文研究目的及东方财富Choice系统已有数据,筛选出了215家新三板信息与互联网企业为研究样本。这些企业均在2013至2015年连续三年公开披露企业研发投入及相关指标。本研究将企业研发投入对绩效的作用分为当期效应影响和累积效应影响,运用修正后的生产函数模型进行回归分析,科学剖析出新三板信息与互联网企业研发投入对绩效影响的相关结论。首先,新三板信息与互联网企业增加研发投入有利于提升企业绩效,即两者存在正相关关系。其次,新三板信息与互联网企业技术更新快的特性决定了它们在短期内要追求企业绩效的最大化。再结合已有的研发投入对于企业绩效的影响不超过5年的研究结论,可以得出新三板信息与互联网企业研发投入与绩效存在着短期的累积效应,即企业的研发投入在两年的累积下对经营绩效产生显著的推动作用,而累积3年的研发投入对企业绩效并不存在显著的推动作用。最后,企业劳动力和资本投入对经营绩效起着正向影响,证明适当的劳动力和资本投入可以为新三板信息与互联网企业带来正的效益。基于实证结果的分析,本研究以政府和企业的不同视角提出建议。一方面,政府应增进对新三板挂牌企业的政策扶持力度,加大对企业研发的政策导向和激励。另一方面,新三板信息与互联网企业应合理加大企业的研发投入、资本投入以及劳动力投入,加快研发人才队伍建设,通过对新产品的开发和核心技术积累,形成自身的特有核心竞争力,增强抗风险的抵御能力,从而提高企业经营绩效。
[Abstract]:Based on the review and summary of the research on the relationship between R & D investment and performance of the new third Board market, this paper takes the listed enterprises in the new three boards market as the research object, and then develops the overall scale of the new three boards market from the perspective of the domestic and foreign scholars' research on the relationship between R & D investment and performance. The overall situation of the new third board market is expounded from the four angles of regional distribution, main industries and the development of the new third board market, and then the R & D investment of the research object of this paper is further expounded. According to the purpose of this paper and the existing data of the Oriental Fortune Choice system, 215 new three-board information and internet companies were selected as research samples. These enterprises publicly disclosed their R & D investment and related indicators for three consecutive years from 2013 to 2015. This study divided the role of enterprise R & D investment on performance. For the effect of current period and cumulative effect, Using the revised production function model to analyze the new three board information and Internet R & D investment on the performance of the relevant conclusions. The new three board information and Internet enterprises increase R & D investment is conducive to improve corporate performance, that is, there is a positive correlation between the two. Secondly, The characteristics of information and technology renewal of the new three boards determine that they should pursue the maximization of enterprise performance in the short term. Furthermore, combined with the existing R & D investment, the impact of R & D investment on enterprise performance is not more than 5 years. It can be concluded that there is a short-term cumulative effect on the R & D investment and performance of the new three boards and Internet enterprises, that is, the R & D investment of the enterprise has a significant promoting effect on the business performance under the accumulation of two years. But the accumulation of three years of R & D investment has no significant impact on the enterprise performance. Finally, the labor force and capital investment have a positive impact on the business performance. It is proved that appropriate labor and capital investment can bring positive benefits to the information and Internet enterprises of the new three boards. Based on the analysis of empirical results, this study puts forward some suggestions from different perspectives of government and enterprises. The government should enhance the policy support to the new third board listed enterprises, increase the policy direction and incentive to the enterprise research and development. On the other hand, the new three board information and Internet enterprises should reasonably increase their R & D investment. Capital investment and labor investment accelerate the construction of R & D talent team, through the development of new products and the accumulation of core technology, form their own unique core competitiveness, strengthen the ability to resist risks, thereby improve the business performance.
【学位授予单位】：广东财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F49;F275

【参考文献】