论文部分内容阅读
以市场份额、金融杠杆、产业类型与时间为调节变量,构建企业研发回报率的权变模型。通过2005~2014年间中、美、德、日、韩、印六国上市公司的面板数据,分析中国与其他国家企业研发回报率的水平及其影响因素。研究表明,相对于发达国家,中印两国企业仍较难从研发投入中获取收益;但中国企业的研发回报率随时间呈上升趋势;影响企业研发回报率的因素视具体国家情境而定。
With market share, financial leverage, industry type and time as the adjusting variables, a contingency model of enterprise R & D return rate is constructed. Through the panel data of listed companies in China, the United States, Germany, Japan, South Korea and India from 2005 to 2014, this paper analyzes the level of R & D returns in China and other countries and its influencing factors. Research shows that, compared with developed countries, it is still difficult for Chinese and Indian enterprises to obtain profits from their R & D investment. However, the R & D rate of return of Chinese enterprises shows an upward trend over time. The factors that affect the R & D rate of return depend on the specific country context.