内部控制对R&D投入与企业绩效关系的调节效应研究—基于深交所高新技术企业的检验数据

The research that Internal control moderate the relationship between R&D investment and enterprise performance — Based on the Shenzhen Stock Exchange experience data of advanced technology enterprise

摘要:

本文以2012-2015年在深交所上市的463家高新技术企业作为研究样本，基于面板数据,实证分析了内部控制对R&D投入与企业绩效关系的调节效应。研究结果表明：当期和滞后一期R&D投入对企业绩效具有显著的负向影响；滞后两期的R&D投入对企业绩效具有显著的正向影响；内部控制对企业绩效的提高有显著的促进作用；内部控制对当期和滞后期R&D投入与企业绩效关系具有负向调节作用。

Abstract:

This paper is listed on the Shenzhen Stock Exchange in 2012-2015, 463 advanced technology enterprises are used the research samples. Based on panel data, the paper analysis empirically that Internal control moderates the relationship between R&D investment and enterprise performance. The results show that the current period and a phase lag R&D investment have significant negative influence on enterprise performance; Two phase lag R&D investment has significant positive influence on enterprise performance. Internal control can improve the enterprise performance. Internal control has a negative regulatory effect on the current and lag of R&D investment and enterprise performance relationship.