Financing Structure, R & D and Sustainable Growth of Small and Medium Enterprises

DOI

10.2991/meici-17.2017.45How to use a DOI?

Keywords

Financing structure; Research and development investment; Finance sustainable growth ability; SME Board listed companies.

Abstract

This article selects Chinese SME Board listed companies from 2011 to 2015 in five consecutive years of data as the research sample, from the perspective of enterprise sustainable growth, using panel data to study the financing structure, R&D input and t the capacity for sustainable growth. The results of the study found no significant relationship between asset-liability ratio and the sustainable growth ability, significantly positively related to equity financing rate and sustainable growth, endogenous financing and the sustainable growth rate significantly positive correlation; Asset-liability ratio is negatively related to the R&D, endogenous financing rate is positively related to the R&D, and rate of equity financing is not associated with R&D.

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/).

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TY  - CONF
AU  - Dan Gao
PY  - 2017/10
DA  - 2017/10
TI  - Financing Structure, R & D and Sustainable Growth of Small and Medium Enterprises
BT  - Proceedings of the 7th International Conference on Management, Education, Information and Control (MEICI 2017)
PB  - Atlantis Press
SP  - 207
EP  - 212
SN  - 1951-6851
UR  - https://doi.org/10.2991/meici-17.2017.45
DO  - 10.2991/meici-17.2017.45
ID  - Gao2017/10
ER  -