This paper mainly adopts
the panel data of listed company in GEM from 2012 to 2016, with the threshold
panel model, Deeply
studying the influence of R & D investment intensity on enterprise
performance, and discovering that R&D
intensity has a double threshold effect on enterprise performance. When the
sustainable ability of research and development activities is lower than the
first threshold value, R & D intensity has a significant
negative impact on firm performance; when the sustainable capacity is
between the first threshold value and the second threshold value, the intensity
of R & D investment and
enterprise financial performance was negatively correlated, and positively
correlated with production performance; when the sustainable capacity of R & D activity exceeded second
threshold value, R & D intensity has a
significant positive impact on enterprise performance. Therefore, to improve the
sustainability of R & D activities is an important way for enterprises to
improve their performance.
Cite this paper
Wei, Y. and Bao, G. (2018). The Threshold Effect of R and D Intensity on Enterprise Performance—Evidence from the GEM Listed Company. Open Access Library Journal, 5, e4534. doi: http://dx.doi.org/10.4236/oalib.1104534.
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