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研发活动是企业创新的主要来源,创新是形成企业核心竞争力的关键因素,因此,R&D投入对公司绩效的影响一直都被国内外学者关注。本文将从自然人控股公司出发,研究研发投入对公司绩效的影响,数据来源于2009年至2012年的创业板上市公司,以研发投入作为解释变量,公司绩效作为被解释变量。其中衡量R&D投入的指标是研发经费的投入强度与研发人员的投入强度,衡量公司绩效的指标是营业收入净利润率,本文通过实证研究自然人控股公司中研发投入对公司绩效的影响。
R & D activities are the main source of enterprise innovation. Innovation is the key factor that forms the core competitiveness of enterprises. Therefore, the impact of R & D investment on corporate performance has always been the focus of domestic and foreign scholars. This article will start from the natural person holding company to study the impact of R & D investment on company performance. The data come from the listed companies listed on GEM in 2009-2012, with the R & D investment as the explanatory variable and the corporate performance as the explanatory variable. Among them, the index of R & D investment is R & D input intensity and R & D personnel input strength. The measure of company performance is the net profit rate of revenue. This paper empirically studies the impact of R & D investment on corporate performance in natural holding companies.