Broad Money Growth, R&D Investment and Corporate Performance

Taking 672 companies in Shanghai and Shenzhen as research samples, Empirically analyzes of the relationship between growth of broad money supply, R&D investment and corporate performance, and Grouping study from before and after the financial crisis and whether it was manufacturing. Full sample study shows: Broad money supply growth has a positive effect on R&D investment, Broad money supply growth has a positive effect on corporate performance, R&D investment has an incentive for corporate performance, Corporate Performance Supports R&D Investment, Positive influence has hysteresis on Broad money supply growth influencing R&D investment and corporate performance, R&D investment and corporate performance are two-way promotion relations. Group inspection results show: Before positive effect on broad money supply growth influencing R&D investment and corporate performance was significant after the financial crisis, there are differences in incentive effects between growth of Broad money supply influencing manufacturing Enterprise performance and growth of Broad money supply influencing non-manufacturing Enterprise Performance.