摘要
以陕西制造业上市公司为研究样本,选取其2013-2015年的财务数据,引入总资产收益率反映企业绩效作为中介变量进行分析,探究制造业企业融资能力与产品创新升级路径的相关性。研究结果表明,制造业企业产品研发创新能力与每股资本公积正相关、与固定资产利润率负相关,且企业绩效对融资能力与升级路径的关系具有负相关关系。因此在产品创新升级路径的过程中,制造业企业应加大研发投入,综合考虑企业绩效、融资能力、产品研发创新能力三者间的相互关系。
With listed companies in the Shaanxi manufacturing industry as research samples,the paper collected their financial data from 2013 to 2015,introduced the earning rate of total assets to reflect corporate performance as the intervening variable for analysis,and explored the relevancy between financing capability of manufacturing enterprises and innovating upgrading path of products.The findings indicate that product development innovation capability of manufacturing enterprises is in positive correlation with capital reserve per share,and in negative correlation with profit rate of fixed assets,and corporate performance is in negative correlation with financing capability and upgrading path.Therefore,in the process of product innovation and upgrade path,manufacturing enterprises should increase investment in research and development,and take into consideration the relationship among corporate performance,financing capability,and product development innovation capability.
出处
《西安航空学院学报》
2017年第4期8-14,共7页
Journal of Xi’an Aeronautical Institute
基金
陕西省社科界重大理论与现实问题研究项目(2016Z140)
陕西省社会科学基金项目(2015D018)
关键词
融资能力
制造业
产品创新
升级路径
financing capability
manufacturing industry
product innovation
upgrading path
