摘要
以96家上市公司为样本,对公司R&D投入与业绩相关性进行了实证研究。研究表明,我国上市公司整体研发水平低,研发信息披露不充分,R&D投入与公司业绩正相关,R&D投入对公司业绩的影响逐年减弱。原因在于:公司后续R&D投入不足,而R&D收益需要持续的投入作为基础;R&D投入比重太低,不足以推动业绩的持续增长。
This paper studies the relationship between R＆D inputs and performance of listed companies in China based on 96 samples. It shows that companies has a low level of R＆D inputs, the information Of R＆D disclosure is inadequate and the intensity of R＆D has a positive correlation with performance. The R＆D inputs impact on the corporation decrease year by year. The reason lies in the listed companies may be lack of the follow- up R＆D inputs,but the return of R＆D is based on continual inputs,and the intensity of R＆D is so low that it can＇t enhance the continual growth of corporate performance.
出处
《科学管理研究》
CSSCI
北大核心
2006年第3期110-113,共4页
Scientific Management Research
