As a part of the redundancy of organization, financial slack has become the focus of academic research. This paper takes the listed companies of manufacturing industry above Designated Size as sample, using multiple r...As a part of the redundancy of organization, financial slack has become the focus of academic research. This paper takes the listed companies of manufacturing industry above Designated Size as sample, using multiple regressionto examine the relationship between corporate financial slack and R & D investment under dynamic environment, using the Malmquist index method based on DEA model to analyze the innovation efficiency of Chinese manufacturing industry during the period of 2009-2013. The results show that: Financial slack and R & D investment intensity presents inverted "U" type relationship in?sample?companies, and the relationship is positively regulated by environmental dynamism; Financial slackpromotes R & D investment but have lag effect.展开更多
This article is based on growth, financial multidimensional perspective of redundancy and product market competition, focus on growth as a key variable, to explore the growth of financial redundancy and product market...This article is based on growth, financial multidimensional perspective of redundancy and product market competition, focus on growth as a key variable, to explore the growth of financial redundancy and product market competition. The data of 326 real estate companies were selected for empirical analysis. The research finds that the financial redundancy promotes competition in the product market, and the relationship between the growth of the enterprise growth and the competition between the financial redundancy and the competition of the product market.展开更多
文摘As a part of the redundancy of organization, financial slack has become the focus of academic research. This paper takes the listed companies of manufacturing industry above Designated Size as sample, using multiple regressionto examine the relationship between corporate financial slack and R & D investment under dynamic environment, using the Malmquist index method based on DEA model to analyze the innovation efficiency of Chinese manufacturing industry during the period of 2009-2013. The results show that: Financial slack and R & D investment intensity presents inverted "U" type relationship in?sample?companies, and the relationship is positively regulated by environmental dynamism; Financial slackpromotes R & D investment but have lag effect.
文摘This article is based on growth, financial multidimensional perspective of redundancy and product market competition, focus on growth as a key variable, to explore the growth of financial redundancy and product market competition. The data of 326 real estate companies were selected for empirical analysis. The research finds that the financial redundancy promotes competition in the product market, and the relationship between the growth of the enterprise growth and the competition between the financial redundancy and the competition of the product market.