Empirical Study of the R&D Impact on the Output of Enterprises:Based on the Equity of Enterprises
The globalization has made China the worlds largest foreign investment country. However, foreign capital affects differently on the local enterprises ability to absorb R&D. This paper studied the panel data of 115 listed companies in China from 2001 to 2008 to measure the influence of foreign capital from the equity of shareholders and industry technology perspectives. The empirical results show that the enterprises with foreign shareholders take advantage of R&D more efficiently than domestic enterprises. Moreover, the industry technology also has influence on the R&D activities. However, there is no significant effect in high-tech industry.
R&D Enterprises output Panel data
XIAO Wen WANG Ying LIN Gaobang
College of Economics, Zhejiang University, Hangzhou, P.R.China 310027
国际会议
The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)
武汉
英文
518-522
2010-07-10（万方平台首次上网日期，不代表论文的发表时间）