Research On Improving The R&D Disclosure Of Hengrui Pharmaceutical,Inc

With the increasing market competitions and the accelerating pace of product updates, more and more enterprises recognize the important and essential role of R&D projects in accelerating the speed of product launching, improving the product development efficiency and enhancing the market competitiveness of the enterprises. Therefore, the intensity of investment in R&D activities will reflect the technological strength and potential of the enterprises, and indirectly reflect the core competitiveness and competitive advantage of the enterprise. Good R&D information disclosure allow investors to understand the R&D activities, the R&D capability and R&D projects of the enterprise, leading to an accurate estimate of the future performance, the growth potential and strategic vision of enterprise. The pharmaceutical industry is one of the high R&D intensity industries, and the R&D activities are important to the industry, deciding the market share of the enterprise. And then the R&D information dischoure significantly influence the assess of the enterprise'value. In this context, it has great value in theory and practical significance to use Hengrui Pharmaceutical, inc.for studying the R&D information disclosure issue in the pharmaceutical industry.Firstly, this thesis analyzes the background of R&D disclosure, and states the research path and research methods. Secondly, this thesis sorts out the theories about the R&D disclosure issuses, and proposes the requirements of R&D disclosure on the basis of related theories-information asymmetry theory and signalling theory research. Thirdly, this thesis uses statistical sample method, selects the lists pharmaceutical companies as the study sample, analyzes the R&D information disclosure situation, and realizes the problems in the R&D disclosure of Hengrui Pharmaceutical, inc. such as the lack of the rules for R&D disclosing, the inadequate disclosure of the standards to divide the research and development phase,etc. Finally, this thesis proposes some suggestions to solve the problems, such as improves R&D disclosure norms, strengthens the management's attitude to R&D disclosure,etc. And this thesis hope to make contribution to the research of R&D disclosure theory and practices.