Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)

An Empirical Study on R&D Investment and Financial Performance of Listed Companies in Liaoning Equipment Manufacturing Industry*

Authors
Kaiming Tan, Shihong Wei
Corresponding Author
Kaiming Tan
Available Online 7 January 2020.
DOI
https://doi.org/10.2991/aebmr.k.191225.049How to use a DOI?
Keywords
equipment manufacturing industry, R&D input, financial performance
Abstract
Technological progress is the core of corporate economic growth, and R&D investment activities are the basis of technological innovation. In the context of the country’s implementation of the innovation-driven strategy, the company’s innovation input performance has become a research hotspot. This paper takes the financial data of Liaoning equipment manufacturing listed companies from 2015 to 2017 as the research object, and conducts empirical analysis on the relationship between R&D investment and financial performance. Under the enlightenment of previous studies, this paper takes the relationship between R&D investment and corporate financial performance as the research goal, and selects five representative financial indicators from profit, growth, operation and solvency, and uses correlation analysis. The model of R&D investment and financial performance of Liaoning equipment manufacturing industry was constructed, and the financial data of 18 listed equipment manufacturing enterprises in Liaoning were used for empirical analysis. The analysis results show that R&D investment is conducive to improving corporate financial performance, and R&D investment has a lag in return to the enterprise. And there is hysteresis based on the conclusions of the above studies.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Kaiming Tan
AU  - Shihong Wei
PY  - 2020
DA  - 2020/01/07
TI  - An Empirical Study on R&D Investment and Financial Performance of Listed Companies in Liaoning Equipment Manufacturing Industry*
BT  - Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)
PB  - Atlantis Press
SP  - 284
EP  - 289
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191225.049
DO  - https://doi.org/10.2991/aebmr.k.191225.049
ID  - Tan2020
ER  -