本文選題：研發(fā)投入 + 股權(quán)結(jié)構(gòu)��； 參考：《西安理工大學(xué)》2017年碩士論文

【摘要】：創(chuàng)新作為一個(gè)國(guó)家轉(zhuǎn)變?cè)薪?jīng)濟(jì)發(fā)展方式的源動(dòng)力,不僅是企業(yè)生存發(fā)展的源泉,也是綜合國(guó)力的體現(xiàn)。近年來我國(guó)對(duì)創(chuàng)新從呼吁到實(shí)踐逐步轉(zhuǎn)變,企業(yè)已逐步成為最大創(chuàng)新主體,并且是我國(guó)經(jīng)濟(jì)發(fā)展的重要力量。企業(yè)的發(fā)展需要?jiǎng)?chuàng)新,尤其是技術(shù)創(chuàng)新,而研發(fā)活動(dòng)作為技術(shù)創(chuàng)新的表現(xiàn)形式,就顯得尤為重要。又股權(quán)結(jié)構(gòu)是公司治理當(dāng)中的核心問題之一,并且在當(dāng)下企業(yè)內(nèi)外部環(huán)境和影響因素日益多元化的背景下,管理者根據(jù)個(gè)人閱歷、受教育的水平、相關(guān)的工作經(jīng)驗(yàn)以及激勵(lì)水平對(duì)這些影響因素進(jìn)行分析,同時(shí)管理者所具備的認(rèn)知水平及自身的價(jià)值觀也是不可忽視的。故本文引入管理團(tuán)隊(duì)特征這一變量,探索管理團(tuán)隊(duì)特征下股權(quán)結(jié)構(gòu)對(duì)研發(fā)投入是否起到調(diào)節(jié)作用。本文以2011年至2015期間公布了企業(yè)研發(fā)投入數(shù)據(jù)的188家上市公司作為研究樣本,對(duì)中小板上市公司股權(quán)結(jié)構(gòu)、管理團(tuán)隊(duì)特征與企業(yè)研發(fā)投入的影響進(jìn)行理論分析并提出研究假設(shè),用統(tǒng)計(jì)分析軟件進(jìn)行實(shí)證檢驗(yàn),研究結(jié)果表明:(1)股權(quán)結(jié)構(gòu)與研發(fā)投入之間存在顯著相關(guān)性。股權(quán)集中度與研發(fā)投入呈“U”型非線性關(guān)系。股權(quán)制衡度的提高,會(huì)使研發(fā)投入也隨之提高,兩者之間是一種顯著正相關(guān)的關(guān)系。另外機(jī)構(gòu)投資者比例的提高也有助于研發(fā)投入的顯著提升。管理團(tuán)隊(duì)持股比例與企業(yè)研發(fā)投入呈顯著正相關(guān)關(guān)系。(2)管理團(tuán)隊(duì)特征下股權(quán)結(jié)構(gòu)對(duì)研發(fā)投入的影響具有調(diào)節(jié)效應(yīng)。管理團(tuán)隊(duì)薪酬、平均受教育水平和平均年齡下股權(quán)結(jié)構(gòu)對(duì)研發(fā)投入的影響具有調(diào)節(jié)效應(yīng),而管理團(tuán)隊(duì)任期和規(guī)模下股權(quán)結(jié)構(gòu)對(duì)研發(fā)投入的影響不具有調(diào)節(jié)效應(yīng)。結(jié)合經(jīng)驗(yàn)結(jié)果,本文從合理優(yōu)化股權(quán)結(jié)構(gòu)、管理團(tuán)隊(duì)激勵(lì)以及管理團(tuán)隊(duì)結(jié)構(gòu)等方面出發(fā),提出相應(yīng)建議,從而提升中小企業(yè)研發(fā)水平和企業(yè)競(jìng)爭(zhēng)力,促進(jìn)我國(guó)經(jīng)濟(jì)快速發(fā)展。
[Abstract]:Innovation, as a source of driving force for a country to change its original mode of economic development, is not only the source of the survival and development of enterprises, but also the embodiment of comprehensive national strength.In recent years, China has gradually changed from appeal to practice to innovation, and enterprises have gradually become the largest innovation subject and an important force in the economic development of our country.The development of enterprises needs innovation, especially technological innovation, and R & D activities, as the manifestation of technological innovation, are particularly important.Ownership structure is one of the core issues in corporate governance, and under the background of increasingly diversified internal and external environment and influence factors, managers are educated according to their personal experience.The related work experience and incentive level analyze these factors, and the cognitive level and values of managers can not be ignored.Therefore, this paper introduces management team characteristics as a variable to explore whether ownership structure plays a regulating role in R & D investment under the characteristics of management team.In this paper, 188 listed companies with R & D input data from 2011 to 2015 are used as the research samples to analyze the ownership structure, the characteristics of management team and the influence of R & D investment on the small and medium-sized board listed companies, and put forward the research hypotheses.The results show that there is a significant correlation between the ownership structure and R & D investment.Ownership concentration and R & D investment show a "U"-type nonlinear relationship.The increase of equity balance will lead to the increase of R & D investment, which is a significant positive correlation between the two.In addition, the increase in the proportion of institutional investors is also conducive to a significant increase in R & D investment.There is a significant positive correlation between the ownership ratio of management team and R & D investment. (2) the influence of ownership structure on R & D investment has a moderating effect under the characteristics of management team.The effects of management team salary, average education level and average age on R & D investment are moderated by equity structure, but not by ownership structure under management team tenure and scale.Based on the experience, this paper puts forward some suggestions on how to optimize the ownership structure, the incentive of the management team and the structure of the management team, so as to improve the R & D level and the competitiveness of the small and medium-sized enterprises and promote the rapid economic development of our country.
【學(xué)位授予單位】：西安理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.51;F275

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 陳志軍;趙月皎;劉洋;;不同制衡股東類型下股權(quán)制衡與研發(fā)投入——基于雙重代理成本視角的分析[J];經(jīng)濟(jì)管理;2016年03期

2 楊風(fēng);李卿云;;股權(quán)結(jié)構(gòu)與研發(fā)投資——基于創(chuàng)業(yè)板上市公司的經(jīng)驗(yàn)證據(jù)[J];科學(xué)學(xué)與科學(xué)技術(shù)管理;2016年02期

3 肖利平;;公司治理如何影響企業(yè)研發(fā)投入?——來自中國(guó)戰(zhàn)略性新興產(chǎn)業(yè)的經(jīng)驗(yàn)考察[J];產(chǎn)業(yè)經(jīng)濟(jì)研究;2016年01期

4 尹開國(guó);施婷婷;;股權(quán)制衡、管理層持股與技術(shù)創(chuàng)新投入——基于醫(yī)藥行業(yè)上市公司面板數(shù)據(jù)的分析[J];財(cái)會(huì)月刊;2016年02期

5 陳修德;梁彤纓;雷鵬;秦全德;;高管薪酬激勵(lì)對(duì)企業(yè)研發(fā)效率的影響效應(yīng)研究[J];科研管理;2015年09期

6 李士梅;張倩;;股權(quán)結(jié)構(gòu)對(duì)國(guó)有裝備制造企業(yè)創(chuàng)新投入的影響[J];求是學(xué)刊;2015年05期

7 張盟盟;段海艷;;高管團(tuán)隊(duì)特征對(duì)企業(yè)研發(fā)投入影響研究——以創(chuàng)業(yè)板上市公司為例[J];會(huì)計(jì)之友;2015年03期

8 鐘田麗;馬娜;胡彥斌;;企業(yè)創(chuàng)新投入要素與融資結(jié)構(gòu)選擇——基于創(chuàng)業(yè)板上市公司的實(shí)證檢驗(yàn)[J];會(huì)計(jì)研究;2014年04期

9 羅正英;李益娟;常昀;;民營(yíng)企業(yè)的股權(quán)結(jié)構(gòu)對(duì)R&D投資行為的傳導(dǎo)效應(yīng)研究[J];中國(guó)軟科學(xué);2014年03期

10 舒謙;陳治亞;;影響中國(guó)制造型企業(yè)研發(fā)投入的治理結(jié)構(gòu)因素[J];科學(xué)學(xué)與科學(xué)技術(shù)管理;2013年09期

相關(guān)碩士學(xué)位論文 前3條

1 畫曉倩;負(fù)債對(duì)企業(yè)研發(fā)投資影響的實(shí)證研究[D];西南財(cái)經(jīng)大學(xué);2013年

2 袁婧;負(fù)債融資對(duì)我國(guó)高新技術(shù)業(yè)上市公司R&D投入影響作用的實(shí)證分析[D];重慶大學(xué);2012年

3 易翠;風(fēng)險(xiǎn)偏愛、雙重代理與R&D投入[D];中山大學(xué);2008年

，

本文編號(hào)：1746030