Financing Constraints, R&D Investment and Enterprise Performance

DOI

10.2991/978-94-6463-030-5_113How to use a DOI?

Keywords

Financing Constraints; R&D; Investment and Enterprise Performance

Abstract

This paper selects the data of A-share listed companies in Shanghai and Shenzhen stock markets from 2015 to 2019, combined with the actual situation of financing constraints faced by listed enterprises in China, and studies the correlation among financing constraints, R&D investment and corporate performance. to explore the impact of financing constraints on corporate performance and whether there is an intermediary effect of R&D investment. It is found that: (1) there is a negative correlation between financing constraints and corporate performance; (2) there is a negative correlation between financing constraints and R&D investment; (3) there is a positive correlation between R&D investment and corporate performance; (4) R&D investment plays an intermediary role in the relationship between financing constraints and corporate performance.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ruirui Gao
PY  - 2022
DA  - 2022/12/20
TI  - Financing Constraints, R&D Investment and Enterprise Performance
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 1129
EP  - 1135
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_113
DO  - 10.2991/978-94-6463-030-5_113
ID  - Gao2022
ER  -