辽宁工程技术大学学报（社会科学版）2023，Vol.25Issue(5)：357-364,8.DOI:10.11955/j.issn.1008-391x.20230506
研发投入对企业价值的影响
Impact of R&D investment on enterprise value:regulatory effect of monetary policy
冯旭日 1申懿1
作者信息
- 1. 辽宁工程技术大学 工商管理学院,辽宁 葫芦岛 125105
- 折叠
摘要
Abstract
Aiming at the impact of R&D input on enterprise value,this paper adopts the empirical research method and takes China's A-share listed companies from 2010 to 2021 as research samples to analyze the impact of R&D input on enterprise value and the regulatory role of monetary policy.The results show that R&D investment is positively correlated with firm value;There is a lag in the impact of R&D input on firm value.Monetary policy plays a moderating role in the relationship between R&D input and firm value,and the positive impact of R&D input on firm value is more significant under loose monetary policy.Compared with state-owned enterprises,monetary policy has a more significant moderating effect on the relationship between R&D investment and firm value in non-state-owned enterprises.The conclusion can provide reference for enterprises to increase R&D investment and enhance enterprise value.关键词
研发投入/企业价值/货币政策/调节效应Key words
R&D investment/enterprise value/monetary policy/regulatory effect分类
管理科学引用本文复制引用
冯旭日,申懿..研发投入对企业价值的影响[J].辽宁工程技术大学学报（社会科学版）,2023,25(5):357-364,8.
