Empirical study on the relationship between investment intechnological innovation, capital structure, and firm size

Abstract

Abstract: Using the data from 125 firms which have country or province level technological innovation centers in Jiangsu province, the empirical relationship between investment in technological innovation and firm size along with capital structure is explored. The results indicate that capital structure and investment in technological innovation have negative correlation relationship, and the firm size makes positive and significant contribution to the investment in technological innovation. The results give the support to the Schumpeterian hypothesis at certain degree.

Key words: capital structure, firm size, investment in technological innovation

CLC Number:

F204

Dai Yueqiang, Da Qingli. Empirical study on the relationship between investment intechnological innovation, capital structure, and firm size[J]. Science Research Management, 2007, 28(3): 38-42.

[1]	Luo Jinlian, Wang Xianglu, Geng Xin. Research on the nonlinear impact of digital transformation on innovation output of enterprises [J]. Science Research Management, 2023, 44(8): 1-10.
[2]	Li Yu,Wang Jia, Mao Peipei. A research on enterprise scale quality oriented to industrial innovation and upgrading: Concept defination, scale development and testing [J]. Science Research Management, 2018, 39(8): 1-10.
[3]	Xing Fei, Wang Hongjian. Firm size, market competition and implementation performance of R&D subsidy [J]. Science Research Management, 2018, 39(7): 43-49.
[4]	Li Yu, Wei Ruohan. A research on the impact of firm size quality on industrial innovative upgrading: A view based on breaking through firm size [J]. Science Research Management, 2018, 39(6): 112-121.
[5]	. The impact of strategic assets investment on capital structure by taking ChiNext companies in China as an example [J]. Science Research Management, 2017, 38(2): 125-134.
[6]	Guo Jingjing, Zhou Dan, Li Qiang. Knowledge attribute, technological learning routine and firms’ innovation performance:The moderating effect of firm size [J]. Science Research Management, 2017, 38(12): 29-40.
[7]	. A research on the relationship between unrelated diversification and firm’s innovation investment in China [J]. Science Research Management, 2016, 37(7): 62-70.
[8]	Luo Fukai, Wang Jing. Corporate Income Tax, Capital Structure and R&D Expenditure [J]. Science Research Management, 2016, 37(4): 44-52.
[9]	Xiao Ming, Chang Le, Cui Chao. A study of the free cash flow and dynamic adjustment of capital structure in public companies [J]. Science Research Management, 2015, 36(11): 107-116.
[10]	Zhou Fangzhao, Fu Jianhua, Zhong Shen. External financing,firm size and technological innovation of public company [J]. Science Research Management, 2014, 35(3): 116-122.
[11]	Zhou Yanju, Zou Fei, Wang Zongrun. Relationships among profitability,technology innovation capability and capital structure——An empirical analysis based on high-tech firms [J]. Science Research Management, 2014, 35(1): 48-57.
[12]	Guo Yi, Feng Leming, Liu Yin. Enterprise size, capital structure, and social responsibility risk of supply chain [J]. Science Research Management, 2013, (6): 84-90.
[13]	Chen Xiaohong, Wan Guangyu, Cao Yu. Industry competition, capital structure, and product market competitiveness [J]. Science Research Management, 2010, 31(4): 188-196 .
[14]	Diao Lilin. The real option valuation for the investment in technological innovation under asymmetric information [J]. Science Research Management, 2010, 31(2): 35-41 .
[15]	Han Tingchun, Wang Baoyu . An empirical study on the influencing factors for Chinese firm capital structure [J]. Science Research Management, 2009, 30(3): 124-131 .

Empirical study on the relationship between investment intechnological innovation, capital structure, and firm size

PDF

Knowledge

Abstract

Cite this article

share this article

References

Related Articles 15

Recommended Articles

Metrics