%0 Journal Article
%T The Threshold Effect of R and D Intensity on Enterprise Performance¡ªEvidence from the GEM Listed Company
%A Yuequn Wei
%A Guiping Bao
%J Open Access Library Journal
%V 5
%N 5
%P 1-12
%@ 2333-9721
%D 2018
%I Open Access Library
%R 10.4236/oalib.1104534
%X <div style="text-align:justify;">
	<span style="line-height:1.5;">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 va</span><span style="line-height:1.5;">lue, 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.</span>
</div>
%K R & D Investment Intensity
%K Sustainability
%K Firm Performance
%K Threshold  Effect
%U http://www.oalib.com/paper/5293434