【作者】 李香春；

【导师】 张济建；

【作者基本信息】 江苏大学 ， 会计学， 2008， 硕士

【摘要】 技术创新是实现科技进步、促进经济增长的根本源泉,是企业竞争力的核心能力。R&D是技术创新最重要、最主要内涵。企业是一个国家R&D投入来源与支出的最大主体。随着国际间竞争的加剧,企业如何有效地选择和管理科研活动项目,恰当地对R&D进行评估,直接影响企业的经济增长和竞争力。因此,R&D投入与企业业绩相关性的研究,也成为关注的研究热点之一。本文根据我国上市高新技术企业R&D投入的现状,在对国内外R&D理论、R&D与技术创新等相关理论进行研究和文献回顾的基础上,采用实证研究的方法,以66家高新技术上市公司自2003年到2007年的数据为样本,选取R&D投入强度指标为解释变量、主营业务利润率等4个业绩指标为被解释变量,建立了面板数据模型,从盈利能力、成长能力等方面对R&D投入与企业业绩之间的相关关系进行了分析。经实证研究得到以下结论:R&D投入能增强企业的核心竞争力并产生良好的经济效益;R&D投入能给企业带来良好的成长性;R&D投入对企业业绩没有滞后影响。最后,基于本文的研究结论,提出加大政府激励企业技术创新的力度;高新技术企业应完善体制,增强研发成果转化为现实生产力的能力;高新技术企业研发投入应重视技术创新的发展潜力;改善上市公司R&D费用披露等几个方面的建议。本文所提出的研究方法和研究结论,不仅对我国高新技术企业正确认识R&D投入有着重要的影响,而且也对企业研究和提高其国际竞争力提供了有价值的实证。更多还原

【Abstract】 Technical innovation is the core of the competitive edge as well as the basic source of achieving the advancement of science and technology and accelerating the economic growth,while R&D is the most important and primary connotation of the technical innovation.The enterprises constituted the major force carrying out the R&D activities in a country. As the international competition became increasingly severe,how to choose projects and manage the activities in R&D and,more importantly, how to properly evaluate the R&D effectiveness would directly influence the economic growth and the competitive edge of an enterprise.The research on relationship between R&D investment and company performance constituted a hot issue that attracts attentions.Based on the R&D investment status of China’s listed high-tech enterprises,the author researched R&D theory,R&D and technological innovation,and other relevant theoretical literature reviews in the domestic and international.On the basis of empirical research methods, the author established a panel date model to explain the relationship between high-tech enterprises’s R&D and the company performanceusing 66 observations of listed high-tech enterprises between the years 2003-2007.By empirical study,we found that R&D investment has an influence to the company performance,especially has a significant influence to the growth of company.It has also proved that R&D investment can not produce good economic results in a long-term.Finally,according to the conclusion,the author presented some proposals to Chinese high-tech enterprises such as improving government’s financing support,enhancing the capacity of transferring R&D investment into productive forces, attaching importance to the development potential of technological innovation,strengthening enterprise R&D information disclosure regulation.The research method in this thesis can help high-tech enterprises recognize the influence of R&D investment correctly;also provide an approach to improve the competitive edge for high-tech enterprises in China.更多还原