Research on the Relationship between R&D Investment and Cash Holdings of Enterprises

DOI

10.2991/icemct-17.2017.327How to use a DOI?

Keywords

R&D of Enterprises; R&D Investment; Cash Holdings

Abstract

According to previous research, we find that enterprises at home and abroad are commonly facing the challenge of financing constraints and the steady improvement of cash liquidity enables enterprises to attract necessary investment and to get rid of financial distress. Besides, the investment and outcome of R&D are related to cash holdings and are influenced by the policy of cash holdings. Nowadays, most high-tech enterprises are faced with the challenge of funds shortage and the obstruction of financing constraints due to their lack of asset mortgage. However, their current situation and the positive effect of financing constraints are ignored by most scholars at home and abroad. Thus, this paper attempts to elaborate on the current financing situation of high-tech enterprises and the positive effect of financing constraints and cash holdings on R&D investment based on the analysis of high-tech enterprises.

Copyright

© 2017, 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/).

Download article (PDF)

TY  - CONF
AU  - Yanli Zhao
PY  - 2017/05
DA  - 2017/05
TI  - Research on the Relationship between R&D Investment and Cash Holdings of Enterprises
BT  - Proceedings of the 2017 4th International Conference on Education, Management and Computing Technology (ICEMCT 2017)
PB  - Atlantis Press
SP  - 1535
EP  - 1538
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemct-17.2017.327
DO  - 10.2991/icemct-17.2017.327
ID  - Zhao2017/05
ER  -