摘要
采用实证研究的方法,检验了股权结构对企业R&D投资的影响机理。结果表明:股权集中度与企业R&D投资负相关;股权制衡度与R&D投资正相关;高管持股与企业R&D投资正相关;进一步研究发现,相对于仅从事渐进式创新的企业,突变式创新企业的股权集中度对R&D投资具有更为显著的负向影响;股权制衡度和高管持股对R&D投资具有更为显著的正向影响。
This paper examines the influence mechanism of ownership structure on R＆D investment. The results show that： the degree of ownership concentration is negatively correlated with the R＆D investment of enterprises; the degree of ownership balance is positively correlated with the R＆D investment; executive holdings are positively related to the R＆D investment of enterprises. Further study found that, compared with the enterprises engaged only in incremental innovation, the ownership concentration degree of innovative enterprises has a more significant negative impact on R＆D investment; the ownership balance and executive ownership have a more significant positive impact on R＆D investment.
出处
《辽宁工程技术大学学报（社会科学版）》
2017年第6期603-609,共7页
Journal of Liaoning Technical University(Social Science Edition)
基金
阜新市社会科学研究立项课题(2017FXLLX011)
辽宁省大学生创新项目(201610147000069
201710147000308)
关键词
股权集中度
股权制衡度
高管持股
R&D投资
ownership concentration
ownership restriction
executive shareholding
R＆D investment
