重庆大学学报:社会科学版
重慶大學學報:社會科學版
중경대학학보:사회과학판
Journal of Chongqing University(Social Sciences Edition)
2014年
3期
61~69
,共null页
高管特征 R&D投资效率 技术创新
高管特徵 R&D投資效率 技術創新
고관특정 R&D투자효솔 기술창신
executive characteristics; R&D investment efficiency; technology innovation
文章以2008-2010年中国上市公司的经验数据为样本,实证分析了企业高管特征对企业R&D投资效率的影响.结果表明,高管任期和高管持股与企业R&D投资效率正相关,高管年龄与企业R&D投资效率负相关.通过对重庆市与东中西部典型地区(上海、湖北、四川)的对比分析发现,重庆市R&D投资规模和投资强度都远低于其他三个地区;同时,重庆市R&D投资经费来源渠道主要依靠企业,政府对R&D投资经费的投入严重不足.从描述性统计结果看,重庆上市公司存在严重的R&D投资效率低下的问题.
文章以2008-2010年中國上市公司的經驗數據為樣本,實證分析瞭企業高管特徵對企業R&D投資效率的影響.結果錶明,高管任期和高管持股與企業R&D投資效率正相關,高管年齡與企業R&D投資效率負相關.通過對重慶市與東中西部典型地區(上海、湖北、四川)的對比分析髮現,重慶市R&D投資規模和投資彊度都遠低于其他三箇地區;同時,重慶市R&D投資經費來源渠道主要依靠企業,政府對R&D投資經費的投入嚴重不足.從描述性統計結果看,重慶上市公司存在嚴重的R&D投資效率低下的問題.
문장이2008-2010년중국상시공사적경험수거위양본,실증분석료기업고관특정대기업R&D투자효솔적영향.결과표명,고관임기화고관지고여기업R&D투자효솔정상관,고관년령여기업R&D투자효솔부상관.통과대중경시여동중서부전형지구(상해、호북、사천)적대비분석발현,중경시R&D투자규모화투자강도도원저우기타삼개지구;동시,중경시R&D투자경비래원거도주요의고기업,정부대R&D투자경비적투입엄중불족.종묘술성통계결과간,중경상시공사존재엄중적R&D투자효솔저하적문제.
Based on the data of China listed companies which disclosed R&D expenditure from 2008 to 2010, this paper explores the relationship between executive characteristics and corporate R&D investment efficiency. The empirical evidence suggests that executive tenure and executive ownership positively affect R&D investment efficiency. However, executive age is negatively related to R&D investment efficiency. From the comparative analysis of Shanghai , Hubei, Sichuan and Chongqing, we find that the scale and intensity of Chongqing R&D investment are far less than that of the other three regions. At the same time, Chongqing R&D investment funds mainly rely on the enterprises, and the R&D funds invested by government are serious insufficient. From the descriptive statistics of Chongqing listed companies, we find that there are serious problem of R&D low efficiency investment.