Research on the Impact of RD Investments on Firm Performance of Listed High-tech Enterprises

摘要

This paper collected the information disclosed in financial reports of 64 listed high-tech enterprises in 2013 and chose R&D investment as the independent variable and profit margin as the dependent variable. Based on the cross-section data, this paper analyzed the impact of R&D investments on firm performance. The results show that R&D investment has a positive impact on profit margin and the ratio of total assets to operating profit.