摘要
本文以创业板上市的高新技术企业2010年年报为研究对象,借助修正的价格模型,对创业板高新技术企业R&D投入的价值相关性进行了实证分析。研究结果表明,我国创业板高新技术企业的R&D投入与股价之间存在显著的正相关关系,即高新技术企业R&D投入具有较强的价值相关性。但是,通过研究还发现创业板高新技术企业研发投入水平不高,存在研发投入不足的问题。
Taking the annual report of 2010 of the high-and-new technological enterprises which are listed in stock market through GEM as the research objects , this article makes a demonstration analysis of the value correlation of R&D investment based on the modified price model. The result shows that, there is an obvious positive correlation relationship between the enterprises' R&D investment and the share prices, that is, the R&D investment of the enterprises has great value correlation. The research also shows that, the level of the enterprises' R&D is lower because of the insufficient investment.
出处
《广西职业技术学院学报》
2012年第2期74-77,共4页
Journal of Guangxi Vocational and Technical College
基金
2011年广西研究生教育创新计划资助项目"高新技术企业R&D投入的价值相关性研究"(项目编号:T32643)的阶段性成果
关键词
高新技术企业
R&D
投入
价值相关性
创业板
high-and-new Technological enterprises R&D investment value correlation GEM