An Empirical Analysis of Intellectual Capital,R&D Investment and Financial Performance
Selects the data of China's A-share manufacturing listed enterprises from 2013-2022 as the research sample and analyzes them empirically,and thoroughly researches the intrinsic relationship between intellectual capital and R&D investment and its influence mechanism on financial performance,in order to promote the transformation and upgrading of China's manufacturing industry.The study finds that intellectual capital and its two elements have a positive effect on financial performance;R&D investment has a positive effect on the financial performance of enterprises;there is an obvious positive correlation between intellectual capital and its two elements and R&D investment;and there is a partial mediating effect of R&D investment in the relationship between intellectual capital and its two elements and financial performance.The results of the study emphasize the key role of intellectual capital and R&D investment on the financial performance of enterprises,and provide an important reference for how enterprises can effectively improve their financial performance so as to promote the high-quality development of the manufacturing industry.
NETL
NSTL
万方数据
维普
