摘要
基于产业生命周期理论、决策模型,以2017—2021年1239家上市高新技术企业为研究样本,检验市场竞争对企业研发投入的影响及内部控制的调节效应。实证结果表明,对于高新技术企业,市场竞争加剧在一定程度上促进企业研发投入的增加,企业内部控制对两者间的关系具有非线性调节作用。当内部控制质量较低时,内部控制提高会抑制市场竞争对研发投入的正向影响;当内控质量突破临界点后,内部控制的提高会反过来促进市场竞争对研发投入的正向影响。
Based on the industrial life cycle theory and decision-making model,1239 listed high-tech enterprises from 2017 to 2021 were used as research samples to examine the impact of market competition on enterprise R&D investment and the regulating effect of internal control.The empirical results show that for high-tech enterprises,the intensification of market competition promotes the increase of R&D investment to a certain extent,and the internal control of enterprises has a nonlinear regulating effect on the relationship between the two.When the quality of internal control is low,the improvement of internal control will inhibit the positive impact of market competition on R&D investment.When the quality of internal control breaks through the critical point,the improvement of internal control will promote in turn the positive impact of market competition on R&D investment.
作者
陈瑾瑜
闫刚
王佳
赵云腾
CHEN Jinyu;YAN Gang;WANG Jia;ZHAO Yunteng(School of Economics and Management,Southwest University of Science and Technology,Mianyang 621010,Sichuan,China;Sichuan Energy Internet Research InstituteTsinghua University,Chengdu 610213 China;School of Accountancy,Lanzhou University of Finance and Economics,Lanzhou 730010,China)
出处
《科技和产业》
2023年第22期154-161,共8页
Science Technology and Industry
基金
国家社科一般基金项目(21BGL213)
四川省科技厅软科学项目(2022JDR0164)。
关键词
市场竞争
研发投入
内部控制
非线性调节
market competition
R&D investment
internal controls
nonlinear adjustment