摘要
在资本市场快速发展的今天,一方面私募股权投资迅猛发展,另一方面研发带来企业可持续创新,在这两个方面的综合影响下,在私募股权投资基金支持企业中,什么样的支持企业能力特征会带来企业的高研发投入,进而带来企业的可持续创新成为社会关注的重点。以43家创业板私募股权投资基金支持上市公司为样本,采用2007—2012年面板数据研究发现:企业制造能力、人力资源能力、盈利能力及企业综合能力与企业研发投入显著正相关,而企业成长能力与企业研发投入显著负相关。
The private equity fund is booming nowadays, and R＆D investment gives company more innovation in the grow- ing capital market. As to the issue of what kind of companies private equity supports will lead to more R＆D investment, the article selects 43 listed enterprises as samples to carry out analysis on Panel Data of 2007 -2012. We find there is a signifi- cant positive correlation among corporate manufacturing capacity, human capabilities, profitability, overall capability and R＆D investment; but it＇ s a significant negative correlation between corporate growth ability and R＆D investment.
出处
《科技管理研究》
CSSCI
北大核心
2015年第3期102-106,共5页
Science and Technology Management Research
