The Performance Appraisal Of R&D Expenditure By China's High-technique Enterprises

This thesis offers empirical study of the correlation between China's high-technique enterprises' R&D input and their output, and then, an explanation to the empirical results is followed. Based upon which, a new model of information disclosure on R&D expenditure and performance appraisal is erected and some important conclusions was gained. The whole thesis consists of five parts:The first part is introduction. This part is to summarize the reason why to select the topic and the significance, research area and research aim, research frame, the related concept, literature summarization, research peculiarity, research shortage and the further research direction in the future.The second part is the empirical study of China's listed high-technique companys's performance appraisal of R&D expenditure. This part reviews the relevance between R&D funds input, human capital input, the strength of financial supporting of the government and profitability, development capacity, the capability of technical innovation and gains important conclusions.The third part is the empirical study of Beijing's high-technique enterprises's performance appraisal of R&D expenditure. This part reviews the relevance between R&D funds input, human capital input, the strength of financial supporting of the government and profitability, the capability of technical innovation, and also establishes simple linear regression models. This part also do an industry research and gains important conclusions. At last, make a comparative analyse according to China's listed high-technique companys's empirical conclusions of performance appraisal.The fourth part is to build a new model of information disclosure on R&D expenditure and performance appraisal. This part erects a suitable method to appraise high-technique enterprise's performance of R&D expenditure in our country, mainly facing the actuality of information disclosure on high-technique enterprise's R&D expenditure and the deficiency of performance appraisal method to R&D expenditure. At last, take the sample of listed high-technique companys in the year of 2005 for example, explain how to use this model to give an rational performance appraisal of R&D expenditure particularly. The fifth part is concluding remarks. At first, summarize leading conclusions of empirical study. Firstly, the appearance of performance of R&D input should be a gradual process. Only after every input indicator reach a certain intensity, will R&D input have a substantiality effect on positive profitability; secondly, the appearance of performance appraisal of R&D expenditure has not a same hysteresis. In the year 2004, the appearance of performance of Beijing's high-technique enterprises is more quickly. Thirldly, we should enhance self-initiated innovation status of high-technique enterprises; Fourthly, we should exert oriented effect and leverage coming from government funds in science and technology. As for profitability and the capability of technical innovation of Beijing's high-technique enterprises, the strength of financial supporting from government has a most effective interval, which is around about 15-20%; Fifthly, strategy of R&D input in different industries should be a special emphasis. The second, the thesis gives some suggestions on information disclosure on high-technique enterprise's R&D expenditure in China. At last, summarize the meaning of erecting a new model of performance appraisal.