The Influence of R&D Investment on Enterprise Performance — Based on the Regulatory Role of Equity Structure

DOI

10.2991/assehr.k.200328.017How to use a DOI?

Keywords

r&d investment, enterprise performance, ownership concentration, degree of equity balance

Abstract

Increase r&d strength is an important goal of science and technology policy in China, this study in Shanghai and Shenzhen a-share listed companies from 2015 to 2017 as the research object, and further investigates the company ownership structure factors as regulating variable impact on the relationship between r&d and business performance, improve r&d strength is helpful to the growth of the business performance, ownership structure on r&d generates positive (enhancement) or negative (weaken) the adjustment effect.Research conclusion said: Ownership concentration has a positive regulating effect on business performance brought by r&d investment, while equity balance degree has a significant negative regulating effect on business performance improvement brought by r&d investment.This study suggests that ownership structure has an important impact on r&d investment and corporate performance, and enterprises should strengthen shareholder cohesion while focusing on performance.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Shenhan Liu
PY  - 2020
DA  - 2020/04/01
TI  - The Influence of R&D Investment on Enterprise Performance — Based on the Regulatory Role of Equity Structure
BT  - Proceedings of the International Conference on Arts, Humanity and Economics, Management (ICAHEM 2019)
PB  - Atlantis Press
SP  - 78
EP  - 84
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200328.017
DO  - 10.2991/assehr.k.200328.017
ID  - Liu2020
ER  -