Abstract:R&D investment plays a vital role in the growth of high-tech enterprises, so the influence of R&D investment on an enterprise' s performance has always been the focus among scholars. In this paper, the panel data of 71 listed high-tech enterprises between 2003 and 2007 are used to analyze the effect of R&D investment on their performance, and it is found out that there is a positive relationship between R&D investment and enterprise performance, and R&D investment does not exercise delayed influence on enterprise performance. So it is suggested that the local governments increase their financial support for technical innovation, the high-tech enterprises' management system be further improved to strengthen their capacity of turning R&D investment into productive forces, and high-tech enterprises pay attention to the potentials of technical innovation in R&D investment.
张济建 李香春. R&D投入对高新技术企业业绩的影响[J]. 江苏大学学报(社会科学版), 2009, 11(2): 73-78.
Zhang Jijian, Li Xiangchun . A Study on the Relationship Between R&D and High-tech Enterprise Performance. Journal of Jiangsu University(Social Science Editi, 2009, 11(2): 73-78.