The Empirical Research Of The Dependency Between R&D Accounting Treatment And Enterprise Performance

Over the years, the world economy situation changes every day under thebackground of international financial crisis. Facing so serious external environment,how to make Chinese companies and enterprises keep the ability of sustainabledevelopment under the background of economic globalization has become ourresearch topic. It has been found that increasing spending on research anddevelopment, depending on technology and innovation, focusing on the level ofspengding on R&D (research and development) are the inexhaustible force ofpromoting ablity of enterprise operations, increasing enterprise earnings rate,improving enterprise competitive advantages.Research expenditure activity has been a hot topic at home and abroad and therelationship between research expenditure and enterprise performance has beenstudied by both Chinese and foreign researchers, according to which, the thesis talksabout the dependency influences on enterprise performance caused by two differentaccounting treatments: research expenditure capitalization and research expenditureexpense. At first, the thesis introduces the overseas and domestic research status andrelevant theories of dependency between research expenditure and enterpriseperformance, and based on which, it utilizes empirical research, establishes researchmodel of dependency between research expenditure and enterprise performance usingthe data of two high-tech industries (electronic manufacturing industry, thepharmaceutical and biological products industry) from A-share listed firms inShanghai and Shenzhen in China from2009to2011as sample. In addition, the thesishas descriptive statistics and correlation analysis on variables, multivariate regressionanalysis and robustness test on models based on research design of models. At last,the thesis has put forward the corresponding policy and suggestions according to theconclusions from empirical findings and problems found in the process of gatheringdata, and had outlooks about the research direction in the future.The thesis has found out there is inconsistency about the dependency betweenresearch expenditure capitalization and enterprise performance and dependencybetween research expenditure expense and enterprise performance in electronicmanufacturing industry, the pharmaceutical and biological products industry byempirical analysis of the two industries. The research expenditure capitalization of thetwo industries all have positive influences on enterprise performance. Besides, there is negative correlation between research expenditure expense and enterpriseperformance in pharmaceutical and biological products industry. However, there ispositive correlation between research expenditure expense and enterprise performancein electronic manufacturing industry.