研发、知识资本与企业成长驱动——基于分位数回归的实证研究被引量：9

R&D,Knowledge Capital and Firm Growth:an Empirical Research Based on Quantile Regression

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摘要企业是知识创造的有机体，研发所实现的知识积累是企业保持竞争优势的源泉，而企业不断增长的知识存量的边际收益是递减的。本文选用中小板及创业板上市公司2006～2012年的面板数据，采用分位数回归方法实证分析知识资本、创新与企业成长间的内在联系。研究发现，均衡的研发强度取决于企业的知识资本结构及创新收益弹性，企业的研发投入只有与知识资本存量相匹配时，才能有效提升研发绩效，快速驱动企业成长。 The firm is the organism of the creation of knowledge, the knowledge accumulation through the implementation of innovation is the source of competitive advantage of finn, and the marginal revenue of the increasing stock of knowledge is decreasing. This paper selects the panel data of the venture and SM board listed companies in 2008-2012, empirically studies the intrinsic connection of intellectual capital, innovation and firm growth with the method of quantile regression. It found that the equilibrium R＆D intensity depends on the knowledge capital structure and the innovation income elasticity, only the firm whose investment matches with the stock of knowledge capital can effectively promote the R＆D performance and highly drive the firm growth.

作者汪建周勤

机构地区东南大学经济管理学院

出处《证券市场导报》 CSSCI 北大核心 2014年第3期46-52,共7页 Securities Market Herald

关键词研发知识资本分位数回归企业成长 R＆D, knowledge capital, firm growth, quantile regression, firm growth

分类号 F270 [经济管理—企业管理]

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