信息技术行业RD投入影响因素及其经济后果分析

摘要

Currently growing firms realize that innovation is critical to improve their core competencies and maintain their sustainable competition. Corporate R&D investment is an important indicator to measure the capability of independent innovation. To learn more a-bout corperate's R&D investment determination and its economic consequences, we studied the effect of capital structure on R&D investment and the effect of R&D investment on growth and performance based on the samples from information technology listed companies from 2008 to 2010. The study found a negative correlation between the R&D investment and capital structure, the R&D investment was not found any obvious effect on enterprise growth, but a significant impact on corporate profitability. Suggestions are proposed accordingly.%知识经济时代,越来越多的企业意识到自主创新是培育核心能力,保持持续竞争力的重要手段.企业R&D投入是衡量企业自主创新能力的重要指标,为剖析企业R&D投入的影响因素及其经济后果,本文以2008-2010年我国信息技术行业上市公司为样本,研究了企业资本结构对R&D投入强度的影响以及R&D投入对企业成长性与盈利能力的影响,同时也剖析了政府R&D补贴的经济效应.研究发现,R&D投入与资本结构负相关,R&D投入与企业成长性的相关性不明显,对企业的盈利能力有显著性影响,政府R&D补贴对企业成长性与盈利能力有负向影响,尽管不显著.并据此提出相关对策与建议.