An Empirical Study On The Relationship Between R&D Expenditure And Performance Of The Fishery Corporations

Competition law in the market economy, R&D activities is a source of core competitiveness of enterprises,and enterprises to enhance their viability and vitality of economic activity in the market,we must continue to increase the investment in R&D activities. At present,the Chinese government will enhance the economic development of blue ocean strategy to national fisheries companies status and role more prominent.In recent years, enterprises benefit fisheries also significantly improved. But the fishing companies as part of the market economy,is facing enormous challenges in the market competition, but also had to increase investment in R&D expenditures.We screened the 2011-2014 period the sample data of fisheries companies,and through empirical analysis to demonstrate. Data sources of this paper by the Chinese Securities Market listed fisheries companies financial reports and research to collect financial data.I mainly choose the amendment Cobb-Douglas function and method of multivariate linear regression, fisheries companies company size as a control variable, to explore the relationship between fisheries research and innovation investment companies and corporate performance between the two.After research and feasibility studies in this paper, the result showed that: As fishing enterprises for their competitiveness increasingly attach importance to R&D investment has been steadily growing. However, the effect and the level of R&D investment between the different fishing companies are not the same. Overall, the level of commitment and R&D personnel fishing class corporate R&D expenditure and the number of the company’s profitability was a positive relationship between the extent of the stronger, the higher the profitability of the company;fishing class corporate R&D expenditure level and between revenue growth and profit growth showed a weak positive relationship;how much of the company’s revenue growth and profit growth fishing class R&D personnel does not exist contact;fishing companies R&D spending in a time lag. The degree of R&D expenditures in the second year of profit growth the role of the strongest, usually for profit growth this year is stronger than the effect, and over time the effect of diminishing.