Configuration Analysis of High-quality Development Factors of State-owned Enterprises Driven by R&D
The purpose of this paper is to find the configuration conditions for the mutual promotion between R&D investment and enterprise performance of state-owned enterprises,and to help state-owned enterprises better enter the high-quality development track driven by R&D innovation.Taking manufacturing listed companies as the research object,this paper selects 653 state-owned enterprises in China Shanghai and Shenzhen stock markets in 2021,and uses the method of fuzzy set qualitative comparative analysis(fsQCA)to analyze the configuration conditions of mutual promotion between R&D investment and enterprise performance of state-owned enterprises.It is found that low debt ratio,high proportion of independent directors and high government subsidy can give consideration to short-term profitability and long-term market value performance,which is helpful for the mutual promotion of high R&D investment and high enterprise performance of state-owned enterprises.Therefore,state-owned enterprises can reduce the asset-liability ratio,increase the proportion of independent directors,and actively seek government subsidies to achieve high-quality development with high R&D investment and high corporate performance.
NETL
NSTL
万方数据
