会计稳健性、风险承担与创业板企业创新投入

On the Relationship between Accounting Conservation,Risk Taking and Innovation Investment of Gem Enterprises

选取2012—2020年创业板上市公司的面板数据,利用回归分析法研究会计稳健性对企业创新投入的影响,并将风险承担作为中介变量,探究会计稳健性、风险承担与创业板企业创新投入之间的关系。研究发现:创业板上市公司会计稳健性与企业创新投入之间呈倒U型关系;具有高风险承担能力的企业,会加大对创新的投资;会计政策越稳健的企业风险承担水平越高。风险承担水平在会计稳健性与创业板企业创新投入间起到部分中介效应。

Selecting the panel data of Gem listed companies from 2012 to 2020,this paper uses the regression analysis to study the influence of accounting conservation on innovation investment of enterprises,and takes risk-taking as the intervening variable to explore the relationship between accounting conservation,risk-taking and the innovation investment of Gem enterprises.The research shows that the relationship between accounting conservation of Gem listed companies and the innovation investment of enterprises takes on an inverted U-type relationship;enterprises with high risk-taking capacity can increase the investment for innovation;enterprises with more steady accounting policy have higher risk-taking level;risk-taking level takespartial mediation effect between accounting soundness and innovation investment of Gem enterprises.