研发支出对高科技上上市公司业绩增长贡献的实证研究

摘要随着2009年我国创业板市场的正式成立，高科技公司得以在创业板募集到更多资金。创业板的形成以及相关规章制度的出台，要求企业公布研发支出与研发项目，使得数据披露趋于完善，这为研究提供了基础和条件。本文采用了实证分析的方法，以创业板305家上市公司2010-2012年三年的数据为样本，建立了回归模型，从盈利能力、成长能力两个方面对研发投入与企业业绩之间的相关关系进行了分析。65968

实证研究表明：我国高新技术企业研发支出水平逐年增加；研发支出与企业你的盈利能力之间存在明显的正相关关系；研发支出与企业成长能力具有正相关关系。基于以上的研究结论，本文建议政府应制定优惠政策，鼓励企业加大研发支出；完善法规，加强非财务信息的披露。

毕业论文关键字研发支出高新技术企业企业业绩

毕业论文外文摘要

Title An empirical study of R&D spending's contribution to growth of listed companies --- Data from China's high-tech listed companies

Abstract

As the growth enterprise market in China was formally established in 2009, a large number of high-tech company raised capital to develop through listed on the GEM. The disclosure of their R & D investment data of listed companies, which provides the basis for the study. The article using the method of empirical analysis, with GEM 305 listed companies in the three years 2010-2012 as the sample data, establishing a regression model, analyzing the correlation between R & D investment and corporate performance from profitability and growth capacity.

Empirical studies have shown that: The level of high-tech enterprise R & D expenditure increased year by year. The relationship between R & D spending and corporate profitability and growth ability exists a positive correlation. Based on the above conclusions, this paper suggested that the government should establish preferential policies to encourage enterprises to increase R&D spending. National laws and regulations should be improved to enhance the disclosure of non-financial information.

Keywords R & D expenditures High-tech enterprises Corporate performance

1 绪论 1

1.1研究背景及研究意义 1

1.2 研究内容与研究方法 2

1.3国内外文献综述回顾 3

2 相关理论基础 5

2.1企业业绩及其增长的内涵 5

2.2 研发支出概述 5

2.3 研发支出对企业业绩增长贡献的机理 7

3 研究假设与实证设计 8

3.1研究假设 8

3.2数据来源与样本选取 8

3.3 变量选择与定义 9

3.4模型建立 10

4实证研究 12

4.1 高新技术企业研发支出的分析 12

4.2 研发支出与高新技术企业业绩相关性分析 13

4.3研发支出与高新技术企业业绩回归分析 14

5 研究结论与建议研发支出对高科技上上市公司业绩增长贡献的实证研究:http://www.751com.cn/kuaiji/lunwen_73726.html