Study On The Relationship Between Market Structure And R&d Intensity

For a long-time,unknown,down-to-earth and hard working,Small and medium-sized enterprises have got the unshakable status in China.Presently small and medium-sized enterprises are all over the country,where there are footprints of small and medium-sized enterprises.Small and medium-sized enterprises provide a lot of quality jobs for both rural and urban residents.The development of small and medium-sized enterprises is very important for the development of national economy.With the rapid arrival of the information age,it is difficult to fathom and control the domestic and international economic situation which is both a crisis and a turning point for small and medium-sized enterprises.Experience shows that the rapid development of small and medium-sized enterprises can not be separated from innovation.And owing to the small size,single product and other characteristics,China's small and medium-sized enterprises universally are facing difficulties in financing and problems in expensive financing costs.Therefore,small and medium enterprises encountered an unprecedented bottleneck.Positive innovation and improving R&D intensity can help small and medium enterprises gradually get rid of the plight,occupy a certain position in the market and achieve green health sustainable development.Since 1940s,Schumpeter,Arrow,Mansfield and many other economists have made a great contribution to the research on the R&D behavior of individual enterprises in the market structure theory.They have different opinions,but their research on the market structure and R&D has made the research mature in this field.In the past,many economists and scholars have studied the manufacturing industry or the enterprises above designated size.For example,the article of Huihua Nie published in 2008,"innovation,enterprise size and market competition",the study object is the enterprises above designated size from 2001 to 2005.But this article is a new analysis paradigm based on SCP of the new industrial organization theory,using companies of the small and medium-sized enterprises,Board in Shenzhen Stock Exchange as research samples from 2012 to 2014.Firstly,the paper summarized the current situation of market structure and R&D intensity of China's small and medium-sized enterprises,found in the market structure market competition of small and medium-sized enterprises is fierce,Industry structure of small and medium-sized enterprises is more dispersed,there is inefficient competition in small and medium-sized enterprises,in addition to substitute products of small and medium-sized enterprises are relatively more,small and medium-sized enterprises have relatively low barriers to entry and exit;in the R&D intensity the R&D of small and medium-sized enterprises increased year by year,the R&D intensity of small and medium-sized enterprises was much higher than the R&D intensity of the above scale enterprises,but the R&D costs of small and medium-sized enterprise increased year by year Then,this paper makes a detailed description of the mechanism of the market structure on R&D intensity.Finally this paper uses the random effects regression model to study the influence factors of R&D intensity The results show that there is a significant positive "U" type relationship between market concentration and firm size and R&D strength,which means that the increase of competition and scale is beneficial to the R&D.There is no significant relationship between the market share,the accumulated profit and the R&D strength,but the growth of the enterprise can promote the R&D.In addition,we also found the more dispersed the stake,the more conducive to the R&D,and that the merger of the chairman and general manager is conducive to R&D.Finally,based on the above results,this paper also puts forward some policy recommendations on how to encourage and support the R&D of enterprises.