[关键词]
[摘要]
创业板公司的研发投入对于构建创新型国家具有重要意义。文章利用2010-2014年77家创业板公司年报数据进行面板数据的多元回归,研究发现:公司规模与研发投入呈现“U”型关系,公司规模存在三个门限值,分别为1.027、0.468、0.068;高官工资与研发投入呈现倒“U”型关系;股权集中度、两权分离程度、公司税负均与研发投入负相关;董事会规模、公司总资产增长率、经济景气指数均研发投入正相关;上一期研发投入与本期研发投入具有显著的正相关关系,公司研发投入具有持续性特征。
[Key word]
[Abstract]
The research and development of the gem company has important significance for building an innovative country. In this paper, we use the data of 77 2010-2014 annual report data to carry on the multiple regression of panel data. Research findings: the company scale and R D investment presents the U type relationship. The size of the company has three thresholds, respectively 1.027, 0.468, 0.068; Senior officials wages and investment in research have been developed of an inverted "U" type relationship; The degree of ownership concentration, the degree of separation of the two powers, corporate tax burden are negatively related to R D investment; Board size, total asset growth rate, economic boom index are related to R D investment; The first phase R D investment has a significant positive correlation with the current R D investment,and company R D investment has a continuous feature.
[中图分类号]
F230.9;F270
[基金项目]
云南省生态文明指数研究(201305)、云南企业的国际竞争力与自主品牌战略研究(zx201527);云南省教育厅基金:智力资本对云南企业贡献的测度研究(2014Y025);云南大学第四批中青年骨干教师资助基金(XT412003);云南大学人文社科青年项目:基于补贴和税收优惠的企业研发投入效应研究(13YNUHSS006);国家社会科学基金:新时期我国沿边开放的理论、实践与战略调整研究(14BJL05)。