Science and Technology Innovation Board IPO R & D Whitewashing and R & D Investment
- DOI
- 10.2991/978-94-6463-538-6_6How to use a DOI?
- Keywords
- Science and Technology Innovation Board; R & D whitewashing; R & D investment
- Abstract
Science and Technology Innovation Board registration system brings opportunities for many scientific innovation enterprises which are not profitable at this stage but have good growth. However, in order to achieve the purpose of using policy dividends after listing, some IPO companies have carried out R & D manipulation. Taking all the companies that completed the listing audit from Science and Technology Innovation Board’s listing to June 31, 2022 as the initial research samples, this project explores whether Science and Technology Innovation Board listed companies have “R & D whitewashing” behavior before listing, and empirically analyzes the impact of R & D investment intensity on R & D whitewashing. The research shows that a high proportion of the companies listed in the application department do have R & D whitewashing behavior. Therefore, this study hopes to help investors guard against R & D whitewashing behavior and optimize the financial market through the intelligent identification of data.
- Copyright
- © 2024 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.
Cite this article
TY - CONF AU - Ruixi Chen AU - Jia Heng AU - Shichao Liu PY - 2024 DA - 2024/10/01 TI - Science and Technology Innovation Board IPO R & D Whitewashing and R & D Investment BT - Proceedings of the 4th International Conference on Economic Development and Business Culture (ICEDBC 2024) PB - Atlantis Press SP - 34 EP - 42 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-538-6_6 DO - 10.2991/978-94-6463-538-6_6 ID - Chen2024 ER -