R&D spending value effect research of China's listed manufacturing companies

被引:0
|
作者
Zhang, Wanhao [1 ]
Chen, Xiding [1 ]
机构
[1] Wenzhou Business Coll, Wenzhou, Zhejiang, Peoples R China
基金
浙江省自然科学基金;
关键词
Manufacturing industry; R&D expenditure; Market value; PERFORMANCE; GOVERNMENT;
D O I
10.26480/icemi.01.2017.139.141
中图分类号
F [经济];
学科分类号
02 ;
摘要
Through studying the impact of R&D expenditure on the market value of firms according to the data of manufacturing-listed companies in Shanghai and Shenzhen A stock market from 2001 to 2014, we find that the R&D expenditure of manufacturing-listed companies shows a positive correlation with the market value. Meanwhile, R&D expenditure can generate better value effect in smaller firms. The value effect from R&D expenditure in private enterprises is greater than that in state-owned enterprises.
引用
收藏
页码:139 / 141
页数:3
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