A Study on the Relationship between R&D Investment and Enterprise Performance——Based on the Data Analysis of Listed Companies in Beijing-Tianjin-Hebei Region
LI Jiang-yin
Abstract
LI Jiang-yin
Abstract
Technical innovation is the source of core competitiveness and sustainable improvement for modern enterprises. Using the data in 2009—2013 of 58 listed companies in Beijing-Tianjin-Hebei region,this paper analyzes the influence of RD investment on enterprise performance. The results show that the current RD investment is negatively correlated with enterprise performance; RD investment has a lagged but positive effect on enterprise performance; cash flow and enterprise scale also affect enterprise performance.
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Technical innovation is the source of core competitiveness and sustainable improvement for modern enterprises. Using the data in 2009—2013 of 58 listed companies in Beijing-Tianjin-Hebei region,this paper analyzes the influence of RD investment on enterprise performance. The results show that the current RD investment is negatively correlated with enterprise performance; RD investment has a lagged but positive effect on enterprise performance; cash flow and enterprise scale also affect enterprise performance.
Key concepts: Beijing, Business, Investment (military), Scale (ratio), Industrial organization, Cash flow, Finance, China