摘要
以创业板公司2012-2016年的数据为样本,检验行业领先公司研发信息披露质量对同行业公司研发溢出效应的影响。同时,考察该影响在同行业公司不同动机(行业地位)和能力(融资约束)下的差异。研究发现,行业领先公司的研发信息披露质量与研发活动溢出效应显著正相关,且该影响对于行业地位高以及融资约束较低的同行业公司更为明显。进一步对研发投入阶段进行区分后发现,研发信息披露质量对研发活动溢出效应的影响主要存在于研究阶段。
By using the data of the GEM companies from 2012 to 2016 as a sample,we tested the impact of industry leaders＇ RD information disclosure qualities on RD spillover effects of companies in the same industry,and consider the difference of this effect between the different motivations（industry status）and capacities（financing constraints）of companies in the same industry.The result shows that：The quality of industry leaders＇ RD information disclosure is significantly positively correlated with the RD spillover effect,and this effect is more obvious for companies in the same industry with higher industry status and lower financing constraints.In addition,we find that the influence of RD information disclosure on the RD spillover effect is mainly in the research stage.
作者
程小可
张慧慧
李昊洋
王景
Cheng Xiaoke 1,Zhang Huihui 1,Li Haoyang 1,Wang Jing 2(1.School of Economics ＆ Management,Beijing Jiaotong University,Beijing 100044,China;2.China Power Finance Co.,Ltd.,Beijing 10001,Chin)
出处
《科技进步与对策》
CSSCI
北大核心
2018年第11期18-26,共9页
Science & Technology Progress and Policy
基金
国家自然科学基金项目(71572009)
关键词
研发信息披露质量
研发溢出效应
行业地位
融资约束
R＆D Information Disclosure Qualities
R＆D Spillover Effect
Industry Status
Financing Constraint
