高管特征对研发支出资本化会计政策选择的影响——基于高新技术企业的实证研究

The Influence of Executive Characteristics on the Choice of Capitalization Accounting Policies for R&D Expenditures——An Empirical Study Based on High-tech Enterprises

以2015-2017年深市高新技术企业面板数据为研究样本,运用混合最小二乘法实证检验了高新技术企业高管特征与研发支出资本化的影响。研究结果表明,高管学历和女性高管占比对研发支出资本化有正向促进作用,而高管年龄和高管情绪对研发支出资本化的影响不显著。但采用非线性回归发现,高管年龄与研发支出存在一定程度的关系,即随着高管年龄的增加,研发支出资本化率先上升后下降。综合考虑各因素后,发现高管情绪、高管性别、女性高管占比都会显著影响研发支出资本化率。因此,企业研发支出资本化率不能仅考虑高管动机,还应考虑高管特征的影响。

Based on the panel data of Shenzhen High-tech Enterprises from 2015 to 2017,the mixed least squares method was used to empirically test the impact of high-tech enterprise executives characteristics on the capitalization of R&D expenditure.The results show that the proportion of executive education and female executives has a positive effect on the capitalization of research and development expenditure,while the influence of executive age and executive sentiment on the capitalization of research and development expenditure is not significant.However,by the use of nonlinear regression,it is found that the age of executives has a certain degree of relationship with R&D expenditure.That is,as the age of executives increases,the capitalization rate of R&D expenditures rises first and then decreases.After comprehensive consideration of various factors,it is found that executive sentiment,executive gender,and proportion of female executives significantly affect the capitalization rate of R&D expenditure.Therefore,the capitalization rate of R&D expenditures of enterprises cannot consider only the executive motives,but also the influence of executive characteristics.