优秀企业做R&D还是R&D让企业更优秀?——基于中国制造业企业数据的研究  

Do Excellent Enterprises Take R&D or Vice Versa?——Based on the Data of Chinese Manufacturing Enterprises

作　　者：汤学良[1] 周建[1] 吴万宗[2] 

机构地区：[1]上海财经大学经济学院,上海200433 [2]上海财经大学国际工商管理学院,上海200433

出　　处：《财经论丛》2015年第12期3-10,共8页Collected Essays on Finance and Economics

基　　金：上海财经大学研究生创新基金资助项目(CXJJ-2013-369;CXJJ-2015-328)

摘　　要：本文运用中国制造业企业数据实证分析企业R&D行为与绩效表现的关系,发现做R&D的企业在总量和效率指标上均比不做的企业表现优秀,本来就优秀的企业选择做R&D的概率更大;做R&D能显著提高企业规模和工业产值的扩张速度,但对人均效率指标的增速没有提升作用;新进入R&D的企业TPF增速最快,持续做R&D对提高TFP增速没有帮助;做R&D可使企业经营失败的风险下降20%左右。Based on the firm-level data of Chinese manufacturing industries, this paper analyzes the relationship between R＆D and firms＇performance. Our empirical research generates the following results： the enterprises taking R＆D have better performance in various aspents, including their size and efficiency indicators, than the enterprises without R＆D; The enterpri- ses with a good performance are more likely to take R＆D; Taking R＆D speeds up the firms＇size and output expansion, but it has no role in promoting the growth speed of the per capita efficiency indicators; those firms that have newly taken R＆D have the fastest growth speed, while keeping doing R＆D does not help to improve the TFP growth; Taking R＆D can reduce the risk of firms＇ management failure by 20% or so.

关 键 词：制造业企业 R&D 绩效 

分 类 号：F270.3[经济管理—企业管理]