›› 2015, Vol. 31 ›› Issue (12): 3-10.
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汤学良 周建 吴万宗
通讯作者:
基金资助:
上海财经大学研究生创新基金“碳减排路径的非对称问题研究”
Abstract: To discuss the relationship between R&D and firms’ performance, the two-way causality problem can’t be avoided. But the existing literatures pay less attention to this problem. Based on the firm-level data of Chinese manufacturing industries, our empirical research finds that: (1) the enterprises that taking R&D have superior performance in various horizons, both size and efficiency indicators, relative to the enterprises without R&D; (2) a clear explanation is that, the enterprises with R&D were better before and good enterprises were more likely to take R&D; (3) at the same time, R&D speeds up the firms’ employment and output expansion, but it has no role in promoting the growth speed of the per capita efficiency indicators; (4) On the total factor productivity(TFP), the firms that first taking R&D would have the fastest growing speed, while keeping doing R&D has no help to keep improving the TFP growth; (5) Taking R&D can reduce the risk of failure by 20% or thereabouts.
摘要: 讨论R&D与企业绩效之间的关系,不能回避双向因果的问题,但是现有的文献对此分析不够。本文基于中国制造业企业数据库的实证研究发现:(1)做R&D的企业在总量指标和效率指标上均比不做R&D的企业表现优秀;(2)一个清晰的解释是,做R&D的企业本来就优秀,并且优秀的企业更可能选择做R&D;(3)同时,选择做R&D会显著提高企业就业人数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;(4)在全要素生产率上,新进入做R&D的企业增速最快,持续做R&D却对提高TFP增速没有帮助;(5)做R&D能够让企业经营失败的风险下降20%左右。
CLC Number:
F270.3
汤学良 周建 吴万宗. 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[J]. 财经论丛, 2015, 31(12): 3-10.
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URL: https://cjlc.zufe.edu.cn/EN/
https://cjlc.zufe.edu.cn/EN/Y2015/V31/I12/3