摘要
文章利用沪深制造业和信息技术业上市公司数据,对业绩下滑对于企业研发平滑的影响及政府研发补助的调节作用展开研究。研究结果表明,业绩下滑对企业研发平滑具有显著抑制效应,其中对于小规模企业的抑制效应相对更大;政府研发补助负向调节业绩下滑与研发平滑的关系,即政府研发补助一定程度上能够抵御业绩下滑对于企业研发平滑的负面影响,与大规模企业相比,这种负向调节作用在小规模企业中表现得更为明显。
The article use the data of Manufacture industries and Information technology industries listed companies to study the impact of the performance dilemma on the firms’ R&D smoothing and the regulation role of government R&D subsidies. The study found that the performance dilemma has a significantly negative effect on the firms’ R&D smoothing, and this negative effect is more obvious in small-size firms. Government R&D subsidy has a significant negative adjustment effect on the relationship between performance dilemma and the firms’ R&D smoothing. That is, government R&D subsidies alleviate the negative impact of the performance dilemma on the firms’ R&D smoothing. Compared with large-scale firms, the negative adjustment effect is more obvious in small-size firms.
作者
谢乔昕
蔡海静
XIE Qiao-xin;CAI Hai-jing(Accounting College of Zhejiang University of Finance&Economics,Hangzhou 310000,China)
出处
《科学学研究》
CSSCI
CSCD
北大核心
2020年第4期705-713,758,共10页
Studies in Science of Science
基金
国家社会科学基金青年项目(LQ16CJY029)
浙江省自然科学基金青年项目(LQ18G020009,LQ16G030007)。
关键词
业绩下滑
政府研发补助
研发平滑
performance dilemma
R&D subsidy
R&D investment smoothing
