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.
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Acknowledgment
This work was financially supported by the National Natural Science Foundation of China (70772087, 71172136). Thanks to the supporting coming from the Dalian University of Technology and Shenyang Open University.
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Zhao, Xg. (2013). Study on Cumulative Effect of R&D Investment Performance of Chinese Listed Companies – Empirical Analysis Based on Modified Cobb-Douglas Production Function. In: Qi, E., Shen, J., Dou, R. (eds) Proceedings of 20th International Conference on Industrial Engineering and Engineering Management. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40072-8_19
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DOI: https://doi.org/10.1007/978-3-642-40072-8_19
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