Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)

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Research and Development Expenditure, Cash Conversion Cycle and Corporate Performance An Empirical Study of Chinese Listed Companies

Authors
Changlie Yin, Shuchun Zhang
Corresponding Author
Changlie Yin
Available Online March 2018.
DOI
10.2991/iccese-18.2018.222How to use a DOI?
Keywords
research and development expenditure; cash conversion cycle; corporate performance
Abstract

With the development of science and technology, the globalization has contributed to the vigorous development of China’s economy. Business managers begin to recognize the importance of research and development expenditure and working capital management on the enterprise core competitiveness. Combining the background of listed companies in our country, and selecting 45 companies listed in the Shanghai stock exchange form 2012 to 2014 as the research sample, the paper discusses the correlation of research and development expenditure, cash conversion cycle and corporate performance. We find that research and development expenditure has a significant positive correlation with the enterprise performance; cash conversion cycle has a not significant negative correlation with the enterprise performance; research and development expenditure has a significant negative correlation with cash conversion cycle; the research and development expenditure spending of confirmed as intangible assets has a significant negative correlation with cash conversion cycle; the research and development expenditure spending of recorded into the profits and losses has a not significant negative correlation with cash conversion cycle; development spending has a significant negative correlation with cash conversion cycle.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2018
ISBN
978-94-6252-495-8
ISSN
2352-5398
DOI
10.2991/iccese-18.2018.222How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Changlie Yin
AU  - Shuchun Zhang
PY  - 2018/03
DA  - 2018/03
TI  - Research and Development Expenditure, Cash Conversion Cycle and Corporate Performance An Empirical Study of Chinese Listed Companies
BT  - Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)
PB  - Atlantis Press
SP  - 988
EP  - 993
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccese-18.2018.222
DO  - 10.2991/iccese-18.2018.222
ID  - Yin2018/03
ER  -