南华大学学报（社会科学版）
南華大學學報（社會科學版）
남화대학학보（사회과학판）
Journal of University of South China (Social Science Edition)
2015年
4期
86-90
,共5页
持股比例%研发投资%门槛效应
持股比例%研髮投資%門檻效應
지고비례%연발투자%문함효응
proportion of controlling shareholders%R&D investment%threshold effect
利用《中国工业企业数据库》发布的重工业企业调查数据,基于非参数回归、OLS估计以及Tobit估计的方法研究了控股股东持股比例对企业研发投资强度的影响. 研究发现:控股股东持股比例对企业研发投资强度的影响存在门槛效应. 股权性质(控股资本类型)、企业年龄对企业研发投资强度的影响并不显著,但企业规模对企业研发投资强度带来显著性影响. 文章认为,控股股东持股比例大约保持在50% ~80%左右更利于企业技术创新;企业间应加强技术创新合作以形成研发投资的规模效应.
利用《中國工業企業數據庫》髮佈的重工業企業調查數據,基于非參數迴歸、OLS估計以及Tobit估計的方法研究瞭控股股東持股比例對企業研髮投資彊度的影響. 研究髮現:控股股東持股比例對企業研髮投資彊度的影響存在門檻效應. 股權性質(控股資本類型)、企業年齡對企業研髮投資彊度的影響併不顯著,但企業規模對企業研髮投資彊度帶來顯著性影響. 文章認為,控股股東持股比例大約保持在50% ~80%左右更利于企業技術創新;企業間應加彊技術創新閤作以形成研髮投資的規模效應.
이용《중국공업기업수거고》발포적중공업기업조사수거,기우비삼수회귀、OLS고계이급Tobit고계적방법연구료공고고동지고비례대기업연발투자강도적영향. 연구발현:공고고동지고비례대기업연발투자강도적영향존재문함효응. 고권성질(공고자본류형)、기업년령대기업연발투자강도적영향병불현저,단기업규모대기업연발투자강도대래현저성영향. 문장인위,공고고동지고비례대약보지재50% ~80%좌우경리우기업기술창신;기업간응가강기술창신합작이형성연발투자적규모효응.
This paper studies the influence of the proportion of controlling shareholders on the intensity of R&D investment , u-sing heavy industry survey data released by the database of Chinese industrial enterprises based on the methods of Nonparametric regres-sion and OLS and tobit estimation. It is found that the effect of the proportion of controlling shareholders on the intensity of R&D in-vestment has the threshold effect. The nature of ownership and the age of enterprise have no significant effect on the intensity of R&D investment, but the scale of enterprise has a significant impact on the intensity of R&D investment. In the view, the proportion of the controlling shareholder is about to keep 50% ~80% more advantageous to the technological innovation of the enterprise, and enterpri-ses should strengthen the technological innovation cooperation to form the scale effect of R & D investment.
