科技进步与对策
科技進步與對策
과기진보여대책
Science & Technology Progress and Policy
2012年
24期
104~107
,共null页
R＆D投入 盈利能力 中小企业
R＆D投入 盈利能力 中小企業
R＆D투입 영리능력 중소기업
R＆D Input;Profitability;SME
以2009年底以前在深市中小板和创业板上市的制造业企业为样本,以企业利润率代表其盈利能力,分别以滞后一期和滞后二期的R＆D资金投入强度和R＆D人员投入强度为被解释变量,实证分析了中小企业盈利能力对其R＆D投入的影响。研究证明,企业盈利能力对滞后一期和滞后二期的R＆D资金投入的影响均为正,说明企业盈利能力越强,其R＆D资金投入越多;盈利能力对R＆D人员投入的影响也为正,但对滞后二期的影响比滞后一期显著,说明企业R＆D人员投入的增长需要较长周期。
以2009年底以前在深市中小闆和創業闆上市的製造業企業為樣本,以企業利潤率代錶其盈利能力,分彆以滯後一期和滯後二期的R＆D資金投入彊度和R＆D人員投入彊度為被解釋變量,實證分析瞭中小企業盈利能力對其R＆D投入的影響。研究證明,企業盈利能力對滯後一期和滯後二期的R＆D資金投入的影響均為正,說明企業盈利能力越彊,其R＆D資金投入越多;盈利能力對R＆D人員投入的影響也為正,但對滯後二期的影響比滯後一期顯著,說明企業R＆D人員投入的增長需要較長週期。
이2009년저이전재심시중소판화창업판상시적제조업기업위양본,이기업리윤솔대표기영리능력,분별이체후일기화체후이기적R＆D자금투입강도화R＆D인원투입강도위피해석변량,실증분석료중소기업영리능력대기R＆D투입적영향。연구증명,기업영리능력대체후일기화체후이기적R＆D자금투입적영향균위정,설명기업영리능력월강,기R＆D자금투입월다;영리능력대R＆D인원투입적영향야위정,단대체후이기적영향비체후일기현저,설명기업R＆D인원투입적증장수요교장주기。
This paper analyses empirically the impact of SMEs＇ profitability and their R＆D Investment, taking the manufacturing companies in the Shenzhen SME Board and Growth Enterprise Market by 2009 as samples, profit margins as profitability and R＆D investment intensity and personnel intensity of lag one and lag two as explanatory variables. The result shows that SMEs＂ profitability has positive impact on the R＆D investment of lag one and lag two, indicating that the higher the corporate profitability, the more its R＆D investment. The impact of profitability on R＆D personnel intensity is positive too. However, the impact of the lag two is significantly more than lag one, indicating that R＆D personnel investment＇s growth requires a longer period.
