Taking listed companies in Shandong Province as the research sample,this study selects key indicators that affect the technological innovation capabilities of these companies,such as R&D personnel and R&D expenditures.By employing principal component analysis,a comprehensive evaluation of the companies'technological innovation capabilities is conducted.Based on this evaluation,quantile regression is utilized to examine the impact of enhancing the technological innovation capabilities of Shandong's listed companies on their market value.The study finds that the key to improving the technological innovation capabilities of listed companies in Shandong lies in strengthening the integration of technological production factors,increasing support for R&D,and obtaining more patents and research achievements.Overall,there is a significant positive correlation between the technological innovation capabilities of these companies and their market value.However,the relationship between technological innovation capabilities and market value exhibits noticeable heterogeneity depending on whether the company is state-owned or non-state-owned,and whether its market value exceeds 10 billion yuan.
关键词
新质生产力/科技创新能力/科技研发投入/山东上市公司
Key words
new quality productive force/technological innovation capability/R&D investment/Shandong listed companies
万方数据