生物制藥企業(yè)技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值的影響研究
本文選題:生物制藥 + 技術(shù)創(chuàng)新能力。 參考:《浙江財(cái)經(jīng)大學(xué)》2013年碩士論文
【摘要】:隨著中國經(jīng)濟(jì)不斷飛速發(fā)展和國內(nèi)企業(yè)與國際市場(chǎng)進(jìn)一步的接軌,國內(nèi)企業(yè)不得不開始著手自身的轉(zhuǎn)型升級(jí),目前政府對(duì)高新技術(shù)產(chǎn)業(yè)給予了大力的扶持,其中關(guān)乎到民生健康的生物制藥企業(yè)作為典型的高新技術(shù)產(chǎn)業(yè)更是受到了政府的高度重視,隨著醫(yī)改政策的落實(shí)其發(fā)展前景不可估量。 生物制藥企業(yè)作為高新技術(shù)企業(yè)其技術(shù)創(chuàng)新能力無疑是企業(yè)發(fā)展的根本和企業(yè)價(jià)值的源泉。目前國內(nèi)對(duì)于該行業(yè)的相關(guān)研究相對(duì)匱乏。目前對(duì)于技術(shù)創(chuàng)新能力與企業(yè)價(jià)值關(guān)系的研究吸引了大量學(xué)者的關(guān)注,但是更多的研究關(guān)注的是企業(yè)作為技術(shù)創(chuàng)新投入的研發(fā)支出對(duì)企業(yè)組織績(jī)效的影響和作用,以及技術(shù)創(chuàng)新能力的影響因素和評(píng)價(jià)體系研究,而關(guān)于企業(yè)技術(shù)人員的投入和專利數(shù)量的產(chǎn)出和轉(zhuǎn)讓情況對(duì)企業(yè)價(jià)值的影響相關(guān)研究尚顯不足,對(duì)于企業(yè)技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值的影響過程的相關(guān)研究更是少有涉及。 為此本文以技術(shù)創(chuàng)新理論和RD-市場(chǎng)營(yíng)銷界面管理理論為理論基礎(chǔ),以企業(yè)價(jià)值為研究對(duì)象,探討企業(yè)技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值的影響和企業(yè)市場(chǎng)銷售能力在兩者之間起到的作用。本文運(yùn)用描述性統(tǒng)計(jì)分析,相關(guān)性分析以及多元回歸分析的方法,圍繞研究?jī)?nèi)容進(jìn)行數(shù)據(jù)的采集與分析、假設(shè)的提出、研究模型的構(gòu)建、相關(guān)假設(shè)和研究模型的驗(yàn)證。主要研究?jī)?nèi)容和研究成果如下: 1.本文選擇衡量企業(yè)技術(shù)創(chuàng)新能力的研發(fā)支出占總資產(chǎn)的比重、轉(zhuǎn)讓專利數(shù)量占專利總數(shù)的比重以及企業(yè)技術(shù)人員占在職員工的比重、衡量企業(yè)市場(chǎng)銷售能力的營(yíng)業(yè)收入增長(zhǎng)率和營(yíng)業(yè)凈利潤(rùn)率、衡量企業(yè)價(jià)值的凈資產(chǎn)收益率和托賓Q值作為數(shù)據(jù)采集對(duì)象,并且根據(jù)以往相關(guān)領(lǐng)域的研究引入了廣告投入和企業(yè)規(guī)模兩個(gè)控制變量,由此構(gòu)建了本文的研究模型。 2.本文對(duì)生物制藥上市企業(yè)的相關(guān)研究數(shù)據(jù)進(jìn)行了描述性統(tǒng)計(jì)分析,闡述這些企業(yè)的技術(shù)創(chuàng)新能力、市場(chǎng)銷售能力和企業(yè)價(jià)值的現(xiàn)狀。通過分析可以看出我國生物制藥企業(yè)目前技術(shù)創(chuàng)新能力與國際同行相比仍存在較大差距,企業(yè)間的差異也比較顯著;此外,它們的市場(chǎng)銷售能力和企業(yè)價(jià)值也都存在不同程度的顯著差異。 3.通過理論分析和文獻(xiàn)回顧,本文提出了23個(gè)研究假設(shè),經(jīng)相關(guān)性分析和多元回歸分析,18個(gè)假設(shè)得到了驗(yàn)證,5個(gè)假設(shè)未得到證實(shí)。研究發(fā)現(xiàn)企業(yè)技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值和市場(chǎng)銷售能力存在正向影響,且市場(chǎng)銷售能力在技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值的影響過程中起到中介的作用,本文的控制變量廣告投入沒有起到控制作用而被剔除出研究模型,另一個(gè)控制變量企業(yè)規(guī)模則很好的體現(xiàn)了控制作用,使研究關(guān)系變得更加顯著。 本文的創(chuàng)新點(diǎn)在于:(1)在選擇樣本時(shí),充分考慮到了行業(yè)的特殊性對(duì)于企業(yè)技術(shù)創(chuàng)新能力的依賴因素,選取了作為高新技術(shù)行業(yè)的生物制藥產(chǎn)業(yè)。(2)自變量的衡量指標(biāo)之一“轉(zhuǎn)讓專利數(shù)量占專利總數(shù)的比重”通過反映產(chǎn)品和專利受到市場(chǎng)認(rèn)可和接受的程度來充分考慮到了企業(yè)技術(shù)創(chuàng)新的質(zhì)量水平,并且研究了這一指標(biāo)對(duì)企業(yè)價(jià)值的影響。(3)設(shè)置了屬于企業(yè)營(yíng)銷能力一部分的市場(chǎng)銷售能力作為中介變量,探討它對(duì)技術(shù)創(chuàng)新能力和企業(yè)價(jià)值之間關(guān)系所起到的中介作用,豐富了技術(shù)創(chuàng)新能力對(duì)企業(yè)價(jià)值影響途經(jīng)的探討和研究。
[Abstract]:With the rapid development of China ' s economy and the further development of domestic enterprises and international markets , domestic enterprises have to start their own transformation and upgrading . At present , the government has given great support to the high - tech industry .
As a high - tech enterprise , it is no doubt the fundamental and enterprise value of the enterprise development . At present , the research on the relationship between technological innovation ability and enterprise value attracts a lot of scholars ' attention . However , more research is concerned about the influence and function of R & D expenditure on organizational performance of enterprises as technological innovation input and the research on the influence factors and evaluation system of technological innovation ability .
Based on the theory of technological innovation and RD - marketing interface management theory , this paper discusses the effect of technological innovation ability on enterprise value and the ability of enterprise market sales .
1 . In this paper , we choose the research and development expenditure of the enterprise ' s technological innovation ability to make up the proportion of total assets , the proportion of the number of transferred patents and the specific gravity of the employees in the enterprise , measure the growth rate of operating income and the net profit margin of the enterprise ' s market selling ability , measure the net asset return rate and the Tobin Q value of the enterprise value as the data acquisition object , and introduce the two control variables of the advertising investment and the enterprise scale according to the research in the previous relevant field , thus the research model is constructed .
2 . In this paper , a descriptive statistical analysis is made on the relevant research data of the bio - pharmaceutical listed companies , and the present situation of technological innovation ability , market selling ability and enterprise value of these enterprises is stated .
In addition , their market selling ability and enterprise value also have different degrees of significant difference .
3 . Through theoretical analysis and literature review , this paper proposes 23 research hypotheses , which are verified by correlation analysis and multiple regression analysis , and 5 hypotheses are not confirmed . The research shows that the technological innovation ability of enterprises has positive impact on the enterprise value and the market sales ability , and the market sales ability plays an intermediary role in the process of the influence of technological innovation ability on the enterprise value .
The innovation point of this paper is : ( 1 ) When selecting a sample , taking fully into consideration the dependence of the industry ' s particularity on the technological innovation ability of the enterprise , the author has chosen the quality level of the enterprise ' s technological innovation by reflecting the degree of market acceptance and acceptance of the product and the patent , and studies the influence of this index on the enterprise value .
【學(xué)位授予單位】:浙江財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2013
【分類號(hào)】:F426.72;F273.1;F272.5
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