Threshold effect of R&D investment in high-tech enterprises

Science Research Management ›› 2018, Vol. 39 ›› Issue (6): 85-95.

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Threshold effect of R&D investment in high-tech enterprises

Yang Jijun¹， Ao Xiang¹， Wu Min²

1. School of Accounting, Southwestern University of Finance and Economics, Chengdu 610000, Sichuan, China;
2. Chengdu Rural Commercial Bank, Chengdu 610000, Sichuan, China

Received:2016-05-18 Revised:2017-06-26 Online:2018-06-20 Published:2018-11-06

Abstract

Abstract: Taking the data of R&D of listed Chinese high-tech enterprises, this paper finds out for the first time a threshold effect, based on the Static Threshold Estimation Model and the Revised Dynamic Adjustment Model, that the R&D intensity gets together and takes around dynamically with 3% of most Chinese high-tech enterprises. It can be seen from this paper that the R&D intensity of most Chinese high-tech enterprises were set to meet the basic requirement of the policy of qualification recognition for Chinese high-tech enterprises. Those companies set their R&D intensity to only get qualified, and then gain a variety of policy benefits, thus lacking of initiative to carry out a large number of R&D in innovation.

Key words: high-tech enterprise, R&D, threshold effect

Yang Jijun， Ao Xiang ， Wu Min. Threshold effect of R&D investment in high-tech enterprises[J]. Science Research Management, 2018, 39(6): 85-95.

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Threshold effect of R&D investment in high-tech enterprises

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