股权分散度、创新投入和企业绩效的关系研究 : 基于中小企业板的实证研究

Translated title of the contribution: Research on the Relationship between Equity Dispersion Degree, Innovation Investment and Enterprise Performance : An Empirical Study Based on SME Board

Research output: Journal PublicationsJournal Article (refereed)peer-review

Abstract

本文通过理论分析和实证研究相结合,运用2010—2019年中小企业板上市企业的面板数据为样本,将中小企业板上市企业的企业绩效作为被解释变量,股权分散度作为解释变量、创新投入作为中介变量,提出假设,建立回归模型并使用统计方法进行验证。实证结果发现:中小企业板上市企业的股权分散度对创新投入有显著负向影响,中小企业板上市企业的股权分散度对企业绩效有显著负向影响,创新投入对股权集中度与企业绩效之间的关系具有部分中介作用。本文旨在为中小企业板上市企业优化股权结构、合理安排研发投入进而提升企业绩效提供思路。

Combining the theoretical analysis and the empirical research, using the panel data of enterprises listed on the SME board from 2010 to 2019 as the sample, taking the enterprise performance of enterprises listed on the SME board as the explanatory variable, equity dispersion as the explanatory variable and innovation investment as the intermediary variable, this paper puts forward hypotheses, establishes regression models and verify them with statistical methods. The empirical results show that the equity dispersion degree of enterprises listed on SME board has a significant negative impact on innovation investment and enterprise performance. Innovation investment has a partial mediating effect on the relationship between equity concentration and enterprise performance. This paper aims to provide ideas for SME board listed enterprises to optimize equity structure, reasonably arrange research and development investment, and then improve enterprise performance
Translated title of the contributionResearch on the Relationship between Equity Dispersion Degree, Innovation Investment and Enterprise Performance : An Empirical Study Based on SME Board
Original languageChinese (Simplified)
Pages (from-to)122-125
Journal中国商论
Volume2022
Issue number3
DOIs
Publication statusPublished - Feb 2022

Keywords

  • 股权分散度
  • 创新投入
  • 企业绩效
  • 中介效应
  • 中小企业板
  • equity dispersion degree
  • innovation investment
  • enterprise performance
  • mediating effect
  • SME Board

Fingerprint

Dive into the research topics of 'Research on the Relationship between Equity Dispersion Degree, Innovation Investment and Enterprise Performance : An Empirical Study Based on SME Board'. Together they form a unique fingerprint.

Cite this