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本文以2001年-2013年我国A股上市公司为样本,从生产价值、财务价值和市场价值三方面考察了技术创新的价值效应,并探究了会计信息质量对技术创新价值效应的影响。结果表明:技术创新对企业的生产价值、财务价值和市场价值均有显著的正向影响,较高的会计信息质量能够显著地提高技术创新对三种价值的正向影响。进一步研究表明,无论是在国有企业还是在非国有企业中,技术创新均可发挥显著的正向价值效应,并且较高的会计信息质量可显著地提高技术创新的正向价值效应。但是,技术创新对国有企业的正向价值效应要显著低于非国有企业,并且较高的会计信息质量对国有企业技术创新价值效应的提升作用也要显著地低于非国有企业。
This paper examines the value effects of technological innovation from three aspects: production value, financial value and market value from the 2001-2013 A-share listed companies in China, and explores the impact of accounting information quality on the value effect of technological innovation. The results show that technological innovation has a significant positive impact on the production value, financial value and market value of enterprises, and the higher quality of accounting information can significantly improve the positive impact of technological innovation on the three types of value. Further research shows that technological innovation can exert significant positive value effect both in state-owned enterprises and non-state-owned enterprises, and higher quality of accounting information can significantly improve the positive value effect of technological innovation. However, the positive value effect of technological innovation on state-owned enterprises is significantly lower than that of non-state-owned enterprises, and the effect of higher quality of accounting information on the value effect of technological innovation of state-owned enterprises is also significantly lower than that of non-state-owned enterprises.