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

Today,the international competition is very vigorous,for the modern new and high technology enterprise taking on the heavy responsibility about industrialization of science and technology fruit, the activities of R&D become the core of implementing enterprise strategy about development,the R&D activity's role of improving the survival and whole competition capability of enterprise is more and more important of R&D capital thrown in new and high technology enterprise which is very big in the enterprise operation capital.This thesis chooses forty-six enterprises from the medium and small sized market which offers the R&D information in three consecutive accounting years as swatch, 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. And offer the advice of R&D information disclosure. 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 theory of China's listed high-technique company's performance appraisal of R&D expenditure. This part is to summarize the theory of R&D and the basic method of performance appraisal.The third part is the hypothesis and method of research. This part designed the research variable and measure, summarized the theory of R&D and basic method of high-technique company's performance appraisal.The fourth part is empirical study of R&D and enterprise's performance appraisal. This part used the built measure system and method model to make empirical study of R&D and enterprise's performance appraisal of forty-six high-technique enterprises.The fourth part is to give advice of R&D information disclosure of high-technique enterprises in medium and small sized market. This part is to summarize the actuality of R&D information disclosure of high-technique enterprises in medium and small sized market, and regulation of accounting handle method to R&D given by the new accounting rule. Then, it gave the advice of R&D information disclosure of high-technique enterprises in medium and small sized market.This thesis found that as follows: first, the R&D expenditure can bring grate development to medium and small sized enterprises. The R&D expenditure and the growing measure have grate plus correlation. Second, the result of empirical study shows that R&D expenditure has less contribute to ROV, and also has less contribute to EPS and NPS. R&D expenditure of medium and small sized enterprises has no correlation with its payoff measures. Third, R&D expenditure has no correlation with its innovation capability. The reason of this result is that the R&D expenditure ploughed into enterprise is of no effect and it didn't turn it into technology assets.