摘要
以2009—2011年我国深圳创业板上市企业为研究对象,从会计业绩和市场业绩等角度,实证考察了其R&D投资的经济绩效。结果显示:创业企业的R&D投资整体上并未呈现出积极的经济效果;R&D投资的经济效果具有明显的行业特征,制造业创业企业的R&D投资对其经济绩效具有一定的积极影响,但该影响具有滞后性;信息技术业创业企业的R&D投资对其当期和滞后一期的经济绩效均未产生积极影响,表明信息技术业创业企业的R&D投资存在一定程度的非效率行为。
This paper uses the data of listed firms in GEM in Shenzhen Stock Exchange during 2009-2011 to study the economic performance of R＆D investment. The result shows as follows： entrepreneur firm＇s R＆D investment overall does not show a positive economic effect;the eco- nomic effect of R＆D investment takes on a obvious industrial feature; R＆D investment of entrepreneur firms in manufacturing industry has a positive impact on economic performance,and this effect shows the characteristics of lag-time; R＆D investment of entrepreneur firms, in information technology industry does not have a positive impact on current and lagging economic performance, which indicates that the inefficient R＆D investment behaviors exist in information technology industry to some extent.
出处
《技术经济》
CSSCI
2013年第4期52-55,84,共5页
Journal of Technology Economics
基金
国家社会科学基金项目"高新技术企业非效率研发投资行为及其治理机制研究"(11BJY077)
关键词
创业企业
研发投资
经济绩效
entrepreneur firm
R ＆ D investment
economic performance
