The Performance Appraisal Of R&D Expenditure By China's High-technique Listed Enterprises In Shanghai Stock Market

In the era of knowledge economy, the percentage of R&D expenditure is increasingly growing, so it is very important to recognize and measure R&D expenditure input and output. This thesis offers empirical study of the correlation between China's Shanghai Stock Market listed high-technique enterprises' R&D input and their output, and then, an explanation to the empirical results is followed. Based upon which, we analyze whether the new accounting rules of R&D expenditure affect the empirical result and try to find the reasons. And then, performance appraisal is erected and some important conclusions are gained in this thesis. 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, research peculiarity, research shortage and the further research direction in the future.The second part is literature summarization, concluding Chinese and foreign literature.The third part is some theory of R&D expenditure efficiency study.The fourth part is the empirical study of China's Shanghai Stock Market listed high-technique company R&D expenditure efficiency. This part reviews the relevance between R&D funds input, human capital input, development capacity, the capability of technical innovation and gains important conclusions.The fifth part is some conclusion and appraisal. At first, summarize leading conclusions of empirical study: the appearance of performance of R&D input should be a long process; There is no same R&D expenditure hysteresis; and, from a great view, it's important to increase the R&D expenditure so that to make our companies much more competitive. Secondly, analyze whether the new accounting rules of R&D expenditure affect the empirical result and give the reasons. At last, give some useful appraisal.