Study on Cumulative Effect of R&D Investment Performance of Chinese Listed Companies – Empirical Analysis Based on Modified Cobb-Douglas Production Function

Xin-gang Zhao ()
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Xin-gang Zhao: Shenyang Open University

A chapter in Proceedings of 20th International Conference on Industrial Engineering and Engineering Management, 2013, pp 195-201 from Springer

Abstract: Abstract These This paper selects 455 manufacturing firms in Shanghai and Shenzhen Stock Exchanges from 2007 to 2011 as study object, establishes a modified Cobb-Douglas production function, and empirically tests the cumulative effect of R&D investment performance using OLS regression analysis. The result suggests that there exists a significant cumulative effect in enterprise’s R&D investment performance. From 2007 to 2010, R&D investment has a significant promotion effect on enterprise performance, and the cumulative effect is the largest in the forth year; however, the promotion effect is not significant in 2011.

Keywords: Cumulative effect; Enterprise performance; Modified C-D production function; R&D investment (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40072-8_19

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DOI: 10.1007/978-3-642-40072-8_19

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