本文關鍵詞： 團隊特征 文化企業(yè) 研發(fā)投入 財務績效　出處：《天津商業(yè)大學》2016年碩士論文　論文類型：學位論文

【摘要】：進入21世紀以來,企業(yè)之間的競爭愈發(fā)激烈,技術創(chuàng)新在提升企業(yè)核心競爭力方面發(fā)揮著越來越重要的作用。作為企業(yè)研發(fā)戰(zhàn)略和方針政策的制定者,核心管理團隊是企業(yè)一項寶貴的智力資產,是影響企業(yè)財務績效的重要因素。自1984年HambrickMason首次提出“高層梯隊理論”以來,關于企業(yè)團隊特征和財務績效的相關性研究一直是學術界經久不衰的研究熱點。目前,國內外學者關于團隊特征對財務績效獨立影響的相關性研究十分豐富,他們將團隊特征劃分為同質性特征和異質性特征兩大類來開展研究,但得出的結論不盡相同甚至截然相反,造成這種爭議的因素眾多,不同行業(yè)之間的差異性就是因素之一。目前學者們的研究對象主要集中在主板上市公司,很少有針對特定行業(yè)的研究,其中關于文化產業(yè)的研究更是嚴重匱乏。文化產業(yè)作為新興產業(yè),在經濟發(fā)展中扮演著愈發(fā)重要的角色,縱觀各國的經濟發(fā)展報告,不難發(fā)現(xiàn)各國文化產業(yè)對經濟增量的貢獻都顯著提升,同時研發(fā)投入對文化企業(yè)發(fā)展具有戰(zhàn)略意義,因此團隊特征、研發(fā)投入和企業(yè)的財務績效之間的相關性研究對于文化產業(yè)來說具有現(xiàn)實意義。本文首先闡述了這一論題研究的背景和意義;其次按照時間序列對國內外相關文獻進行了回顧整理,在此基礎上,依據人力資本理論、決策理論和高層梯隊理論,對企業(yè)核心團隊的相關概念進行了界定、并對團隊特征、研發(fā)投入和財務績效的關系進行了理論分析,據此提出了六個研究假設。通過選取2010-2013年每年80家的文化產業(yè)上市公司作為研究樣本,運用統(tǒng)計學知識依次進行了描述性統(tǒng)計、相關性分析、多重共線性檢驗、回歸分析和穩(wěn)健性檢驗。實證結果表明:在加入研發(fā)投資強度之前,相關性并不顯著,在引入研發(fā)投資強度之后,教育程度均值、年齡異質性、任期時長異質性和財務績效正相關且顯著,教育程度異質性和財務績效負相關且顯著,說明文化企業(yè)團隊特征并非獨立作用于企業(yè)的財務績效,而是通過影響企業(yè)的研發(fā)投入,進而對財務績效產生影響。最后,本文對實證結論進行總結和分析,據此對我國文化產業(yè)未來在核心團隊成員配備以及研發(fā)戰(zhàn)略選擇方面提出幾點建議,并指出本文研究存在的不足之處。
[Abstract]:Since 21th century, the competition between enterprises is becoming more and more fierce, and technological innovation plays an increasingly important role in enhancing the core competitiveness of enterprises. The core management team is a valuable intellectual asset and an important factor to affect the financial performance of enterprises. Since 1984, HambrickMason first put forward the "high-level echelon theory". The research on the correlation between corporate team characteristics and financial performance has been a long-lasting research hotspot in academic circles. At present, domestic and foreign scholars on the independent impact of team characteristics on financial performance is very rich. They divided the team characteristics into homogeneity and heterogeneity to carry out the study, but the conclusions are not the same or even diametrically opposite, the causes of this controversy are many factors. The difference between different industries is one of the factors. At present, scholars mainly focus on the main board of listed companies, there is very little research on specific industries. Cultural industry, as a new industry, plays an increasingly important role in economic development. It is not difficult to find that the contribution of cultural industries to economic growth has been significantly enhanced, while R & D investment is of strategic significance to the development of cultural enterprises, so the characteristics of the team. The research on the correlation between R & D investment and enterprise financial performance is of practical significance to the cultural industry. Secondly, according to the time series of domestic and foreign literature review, on this basis, according to the human capital theory, decision-making theory and high-level echelon theory, the concept of the core team of enterprises is defined. And the relationship between team characteristics, R & D investment and financial performance is analyzed theoretically. According to this, six research hypotheses are put forward. Through selecting 80 listed companies of cultural industry each year from 2010 to 2013 as the research sample, we use statistical knowledge to carry on descriptive statistics in turn. Correlation analysis, multiple co-linear test, regression analysis and robustness test. The empirical results show that: before adding R & D investment intensity, the correlation is not significant, after the introduction of R & D investment intensity. The average educational level, age heterogeneity, tenure duration heterogeneity and financial performance are positively correlated and significant, and educational level heterogeneity and financial performance are negatively correlated and significant. It shows that the characteristics of the cultural enterprise team does not affect the financial performance of the enterprise independently, but by influencing the R & D investment of the enterprise, and then has an impact on the financial performance. Finally, this paper summarizes and analyzes the empirical conclusions. Based on this, some suggestions are put forward for the future of China's cultural industry in terms of core team members and R & D strategy selection, and the deficiencies of this study are pointed out.
【學位授予單位】：天津商業(yè)大學
【學位級別】：碩士
【學位授予年份】：2016
【分類號】：F275;F272.92;G124

【相似文獻】

相關期刊論文 前1條

1 張梅;汪佑德;;政治關系、企業(yè)捐贈與財務績效——來自中國民營上市公司的經驗證據[J];福建論壇(人文社會科學版);2014年04期

相關會議論文 前10條

1 張兆國;尹開國;李庚秦;;公司社會責任與財務績效關系研究:基于利益相關者理論[A];中國會計學會高等工科院校分會2009年學術會議（第十六屆學術年會）論文集[C];2009年

2 胡曲應;;基于排污費視角的上市公司環(huán)境績效對財務績效的相關性研究[A];中國會計學會環(huán)境會計專業(yè)委員會2011學術年會論文集[C];2011年

3 周運蘭;李子s，

本文編號：1483250