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논문검색

Nature of Controlling Stake, R&D Investment and Corporate Performance-Based on Empirical Data of Listed Companies in China

초록

영어

This article makes an empirical analysis on influence of R&D investment on corporate performance under different nature of controlling stake by applying multivariate regression analysis and ordinary least square and taking China A-share listed companies as samples. The study finds that for the whole sample enterprises and non-state-controlled enterprises, current and last R&D investment have significant positive influence on corporate performance; for state-controlled enterprises, current and last R&D investment have positive influence on corporate performance but not significant.

목차

Abstract
 1. Introduction
 2. Theoretical Analysis and Research Hypothesis
 3. Study Design
  3.1 Model Design
  3.2 Sample Selection and Data Source
 4. Empirical Result and Analysis
  4.1 Descriptive Statistics
  4.2 Regression Analysis
 5. Robustness Test
 6. Conclusion and Suggestions
 References

저자정보

  • Zhang Guiling Accounting and Finance Research Center,Zhengzhou Institute of Aeronautical Industry Management,Zhengzhou,450046,China

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