Broad Money Growth, R&D Investment and Corporate Performance

DOI

10.2991/jahp-18.2018.56How to use a DOI?

Keywords

broad money supply; R&D investment; corporate performance

Abstract

Taking 672 companies in Shanghai and Shenzhen as research samples, Empirically analyzes of the relationship between growth of broad money supply, R&D investment and corporate performance, and Grouping study from before and after the financial crisis and whether it was manufacturing. Full sample study shows: Broad money supply growth has a positive effect on R&D investment, Broad money supply growth has a positive effect on corporate performance, R&D investment has an incentive for corporate performance, Corporate Performance Supports R&D Investment, Positive influence has hysteresis on Broad money supply growth influencing R&D investment and corporate performance, R&D investment and corporate performance are two-way promotion relations. Group inspection results show: Before positive effect on broad money supply growth influencing R&D investment and corporate performance was significant after the financial crisis, there are differences in incentive effects between growth of Broad money supply influencing manufacturing Enterprise performance and growth of Broad money supply influencing non-manufacturing Enterprise Performance.

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/).

Download article (PDF)

TY  - CONF
AU  - Yan Zhao
PY  - 2018/08
DA  - 2018/08
TI  - Broad Money Growth, R&D Investment and Corporate Performance
BT  - Proceedings of the 3rd International Conference on Judicial, Administrative and Humanitarian Problems of State Structures and Economic Subjects (JAHP 2018)
PB  - Atlantis Press
SP  - 271
EP  - 280
SN  - 2352-5398
UR  - https://doi.org/10.2991/jahp-18.2018.56
DO  - 10.2991/jahp-18.2018.56
ID  - Zhao2018/08
ER  -