The Study On The Relation Between R&D Investment And Corporate Performance Of Listed Bio-Pharmaceutical Enterprises In China

R&D investment is a very important expenditure in the dailyeconomic activities. It takes a large proportion and has a very importantrole especially in the bio-pharmaceutical companies. Study of R&Dinvestment in recent years is on and on, related to all levels of the macrowith the micro, the State and enterprises, but the real research literaturefor bio-pharmaceutical industry is still very rare.The main focus of this paper is on China's listed bio-pharmaceuticalenterprises, we researched the relationship of the bio-pharmaceuticalindustry between R&D investment and corporate performance. Thesample is the146listed bio-pharmaceutical companies in Shanghai andShenzhen stock market. After the reviewing and summarizing of theprevious research, we raised the assumptions of the relationship betweeninputs and outputs, ie. the correlation between R&D investment andcorporate performance assumptions. We used multiple linear regressionanalysis with sample data by SPSS software, got results and made analysis, drew the conclusion at last. So as to give reasonable proposal tothe government and bio-pharmaceutical enterprises with R&Dinvestment. The empirical results show that R&D investment has asignificant impact on corporate profitability, but not significant onenterprise development, while the R&D investment has a certain lageffect...