CAJ | 학술논문

以2010-2014年深交所中小板上市公司为样本,对研发投入与企业盈利能力间的关系进行实证研究,并分行业对国证分类下原材料行业、工业行业、消费行业、医药卫生行业、信息技术行业分别进行当期回归和滞后回归分析,结果表明中小板企业研发投入整体呈上升趋势,总体上研发投入强度与盈利能力正相关,但不同行业研发投入强度与盈利能力的相关程度与大小不同.研究结果对企业改善研发投入结构有着一定的借鉴意义,不同行业应制定不同的研发战略.
이2010-2014년심교소중소판상시공사위양본,대연발투입여기업영리능력간적관계진행실증연구,병분행업대국증분류하원재료행업、공업행업、소비행업、의약위생행업、신식기술행업분별진행당기회귀화체후회귀분석,결과표명중소판기업연발투입정체정상승추세,총체상연발투입강도여영리능력정상관,단불동행업연발투입강도여영리능력적상관정도여대소불동.연구결과대기업개선연발투입결구유착일정적차감의의,불동행업응제정불동적연발전략.
Using the enterprises listed on SME Board in the Shenzhen Stock Exchange from 2010 to 2014 as the research object, the paper makes an empirical study on the relationship between R&D investment and the enterprises'profitability. According to the standard of the industry classification, it makes the current and lag of regression analysis on the material industry, industry, consumer industry, medicine and health care industry, information technology industry respectively. The empirical results show that when the R&D investment is on the rise, it has positive correlation with the enterprises' profitability as a whole. But the rate of the positive correlation varies. These conclusions will provide instructions for enterprises to improve their R&D investment structure, and different industries should set up different R&D investment strategies.