财务分析师在中国A股上市公司R&D支出中的功能分析与研究  

Functional Analysis and Research of Financial Analysts in R&D Expenditure of China A-share Listed Companies

作　　者：方瑶 FANG Yao(School of Information and Finance,Xuancheng Vocational and Technical College,Xuancheng 242000,Anhui Province,China)

机构地区：[1]宣城职业技术学院信息与财经学院,安徽宣城242000

出　　处：《景德镇学院学报》2022年第3期62-65,共4页Journal of JingDeZhen University

基　　金：安徽省高校质量工程教研项目(2020jyxm2234);宣城职业技术学院院级科研振兴计划项目(ZXPY201813)。

摘　　要：本文对A股上市公司2012-2020年数据开展研究,以此明确R&D支出受到的财务分析师影响并出现一定的经济后果。通过研究可以确定,企业R&D支出水平会因财务分析师跟踪而显著提高,且这种促进作用会因财务分析师声誉的降低而提升,还能够通过政治关联进一步得到强化,而在财务分析师对企业经营业绩施加影响的过程中,R&D支出存在部分中介作用。This paper studies the data of A-share listed companies from 2012 to 2020,so as to clarify the impact of financial analysts on R&D expenditure and some economic consequences.Through the research, it can be determined that the R&D expenditure level of enterprises will be significantly improved due to the tracking of financial analysts, and this promotion effect will be improved due to the decline of the reputation of financial analysts, and can be further strengthened through political connection.In the process of financial analysts′ influence on the operating performance of enterprises, R&D expenditure has some intermediary effect.

关 键 词：财务分析师 经济后果 R&D支出 

分 类 号：F273.1[经济管理—企业管理]