负债介入的技术创新投入对财务绩效的影响研究——以计算机、通信和其他电子设备制造业为例  

A Comparative Study of the Impact of Technology Innovation Inputs on Financial Performance ——Take Computer, Communications and Other Electronic Equipment Manufacturing as an Example

作　　者：刘泽双[1] 马铃毓 Liu Zeshuang;Ma Lingyu(School of Economics and Management,Xi'an University of Technology,Xi'an Shaanxi 710054,China)

机构地区：[1]西安理工大学经济与管理学院

出　　处：《未来与发展》2019年第7期66-73,共8页Future and Development

基　　金：国家自然基金:国家自然科学基金项目(71173171);陕西省软科学研究计划重点项目(2017KRM090)

摘　　要：在“双创”和中兴事件的时代背景下,技术创新投入重要性不言而喻,当下我国科技实力进一步增强,技术创新投入支出超过欧盟15国平均水平,尤其以计算机、通信和其他电子设备制造业见长,研发投入强度超过10%,此外该行业伴随着高负债、高收益和高渗透性。本文研究技术创新投入和财务绩效以及负债的中介效应,基于2013—2017年计算机、通信及其他电子设备制造业的数据,研究表明,技术创新投入与短期绩效显著负相关,与长期绩效显著正相关;资产负债率在二者之间有明显中介效应。In the context of the"double creation"and ZTE events,the importance of technological innovation investment is self-evident.At present,China’s scientific and technological strength is further enhanced,and technological innovation investment expenditure exceeds the average level of the EU-15,with its computers,communications and other electronic devices.The manufacturing industry is known for its R&D investment intensity of more than 10%,and the industry is accompanied by high debt,high returns and high permeability.This paper examines the technological innovation input and financial performance and the mediating effect of liabilities.Based on data from 2013 to 2017 in computer,communications and other electronic equipment manufacturing,research shows that technology innovation investment is significantly negatively correlated with short-term performance,and significant long-term performance.Relevant;the asset-liability ratio has a significant mediating effect between the two.

关 键 词：负债 技术创新投入 财务绩效 

分 类 号：F234.4[经济管理—会计学]