研发投入对我国上市环保企业绩效的影响分析

陈静怡; 张保留; 罗宏; 吕连宏

doi:10.12153/j.issn.1674-991X.20200224

研发投入对我国上市环保企业绩效的影响分析

doi: 10.12153/j.issn.1674-991X.20200224

中国环境科学研究院

详细信息

作者简介:
陈静怡(1996—),女,硕士研究生,研究方向为能源环境经济, 1284575169@qq.com

通讯作者:
罗宏 E-mail: luohong@craes.org.cn

中图分类号: F27
计量
- 文章访问数: 344
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- PDF下载量: 89
- 被引次数: 0
出版历程
- 收稿日期: 2020-10-19
- 刊出日期: 2021-03-20

Analysis of the impact of R&D investment on the performance of listed environmental protection companies in China

Chinese Research Academy of Environmental Sciences

More Information

Corresponding author: LUO Hong E-mail: luohong@craes.org.cn

摘要

摘要: 研发投入是技术创新的基础,而创新是一个企业的核心竞争力,直接影响企业的效益及发展。选取2016—2019年我国沪深两市环保行业61家上市公司连续4年的面板数据作为研究对象,采用多元回归分析的方法实证分析环保上市公司研发投入对公司绩效的影响,并分析研发投入的滞后效应。结果显示:研发资金投入强度在当期对公司绩效有负向作用,在滞后一期时与资产收益率呈正相关,滞后两期时与主营业务利润率呈正相关;而研发人员投入强度对企业绩效在当期就有促进作用。为促进企业高质量发展,应当加大研发资金长期性投入,提升研发人员创新能力,加强研发成果转化。
- 环保企业 /
- 研发投入 /
- 公司绩效 /
- 多元回归
Abstract: R&D investment is the foundation of technological innovation, and innovation is the core competitiveness of an enterprise, which directly affects the benefit and development of an enterprise. Select the panel data of 61 listed companies in the environmental protection industry in Shanghai and Shenzhen Stock Exchange from 2016 to 2019 as the research object, this paper use the method of multiple regression analysis to empirically analyze the impact of R&D investment on corporate performance of environmental protection listed companies, and analyze the lag effect of R&D investment. The results show that the intensity of R&D investment has a negative effect on the company?s performance in the current period. It is positively correlated with the return on assets when one period is lagging, and has a positive correlation with the profit rate of the main business when the lag is two periods; while the investment intensity of R&D personnel has a positive effect on the corporate performance in the current period. To promote the high-quality development, enterprises should increase the long-term investment in R&D funds, enhance the innovation capabilities of R&D personnel, and strengthen the transformation of R&D achievements.
- environmental protection enterprises /
- R&D investment /
- corporate performance /
- multiple regression

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