摘要
运用2014—2017年我国125家汽车制造业上市公司的面板数据,借助计量经济学模型,实证分析我国汽车制造业上市公司研发投入对企业绩效的影响。研究认为,我国汽车制造企业研发投入与企业企业绩效间是倒U型曲线关系,其滞后效应不显著;企业资本结构对研发投入具有显著的调节作用。
Based on the panel data of 125 listed automobile manufacturing companies in China from 2014 to 2017,this paper empirically analyzes the influence of R&D of Chinese automobile manufacturing companies on its performance by building econometric model. The result shows that there is an inverted u-shaped curve relationship between R&D and enterprise performance,and the lag effect is not significant. It also finds that the capital structure of enterprises has a significant regulating effect on R&D.
引文
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