A Statistical Study on the Impact of R&D Investment on Enterprise Performance
[Purposes]R&D investment is a necessary prerequisite for innovation driven development of enterprises and a key factor in improving enterprise performance.Generally speaking,R&D investment will have an impact on corporate performance,but it is not simply a significant positive or negative corre-lation,but rather related to the intensity of enterprise R&D investment.[Methods]This article constructs a panel threshold regression model based on panel data of listed companies in Jiangxi Province from 2019 to 2021,and analyzes the threshold effect of R&D investment on corporate performance.[Find-ings]The results showed that the single threshold,double threshold,and triple threshold all passed the significance test,and there were significant differences in the marginal coefficient sign and significance of R&D investment on enterprise performance between different threshold values.[Conclusions]Re-search conclusion:R&D investment has a significant triple threshold effect on corporate performance,and the impact on corporate performance varies significantly in direction and coefficient values within different threshold ranges.Therefore,enterprises should develop corresponding R&D plans reasonably based on their R&D investment range.When the R&D investment of enterprises is in a low range,they should increase R&D investment;When R&D investment rises to a certain range,it is necessary to focus on the efficiency of R&D investment to prevent its inhibitory effect on corporate performance.
R&D investmententerprise performancepanel threshold regression model
万方数据
维普
