【作者】 李静；

【导师】 刘国峰； 赵秉印；

【作者基本信息】 河北农业大学 ， 会计硕士（专业学位）， 2022， 硕士

【摘要】 近年来,随着我国对科研投入的重视程度越来越高,农业生产不断取得新成就,但在收获面前,必须认识到还面临着许多问题。在行业层面,目前我国农业科研投资强度较低,与发达国家平均投资水平相比尚有不足,也低于我国其他行业平均科研投资水平;从企业自身出发,因创新难度大、周期长、风险大等问题,企业创新积极性不高。对于企业来说,创新就是寻找生机和出路的必然条件,是企业的立身之本、活力之源。应充分意识到,创新能为企业带来更长远的效益,通过制度创新、技术进步能够提高企业在市场上的市场份额和比例,而开展研发活动是创新的前提。为鼓励企业增加研发投入强度,积极进行科研创新、技术创新、产品创新,本文选择通威股份有限公司这一农业龙头企业,分析其研发投入对企业财务绩效的影响情况,以增强管理者后续研发投入信心,为企业后续生存发展过程中进行研发决策提供依据。基于上述背景,对国内外相关文献进行梳理,发现国内外学者对于研发投入与企业财务绩效的关系研究较多,但结果不尽相同。本文选取通威股份作为具体案例对象,为了能够深入地分析研发投入与企业财务绩效的关系,选用其2012-2021年的财务数据进行统计分析,分析通威股份开展研发活动的十年间研发投入与企业财务绩效情况。本文首先采用指标分析法结合企业特点与行业背景分析财务绩效指标变动的原因,再运用Pearson相关性分析、线性回归分析检验研发投入与企业财务绩效指标的相关情况,最后与同行业优秀企业进行多方面对比分析。研究结果发现(1)通威股份有限公司研发投入与财务绩效中盈利能力、偿债能力、发展能力之间存在正相关关系,但对营运能力起抑制作用;(2)企业财务绩效会反向促进研发投入,形成良性循环。最后针对通威股份的具体情况提出针对性对策。本文的创新点体现在两部分,第一,利用指标分析、相关性检验、线性回归检验的综合分析方法,分析研发投入强度对企业财务绩效的影响,使通威股份能够预测研发强度带来的绩效变化,为通威股份对未来进行研发决策提供理论支持。第二,研究出研发投入对企业财务绩效影响的机理,深入探究了两者的内在作用机制,判断降低或提升财务绩效的具体原因。更多还原

【Abstract】 In recent years,with the increasing emphasis on scientific research investment,agricultural production has been achieving new achievements.However,we must realize that we are still faced with many problems before the harvest.At the industry level,the investment intensity of agricultural scientific research still has deficiencies compared with the average investment level of developed countries,and is lower than the average investment level of other Chinese industries.From the perspective of enterprises themselves,due to the difficulty of innovation,long cycle,big risks and other problems,enterprises are not very enthusiastic about innovation.For enterprises,innovation is the inevitable condition to find vitality and way out,is the foundation of the enterprise,the source of vitality.We should be fully aware that innovation can bring more long-term benefits to enterprises,and the market share and proportion of enterprises in the market can be improved through institutional innovation and technological progress,while R&D activities are the premise of innovation.In order to encourage enterprises to increase the intensity of R&D investment and actively carry out scientific research innovation,technological innovation and product innovation,this paper selects Tongwei Co.,LTD.,a leading agricultural enterprise,to analyze the impact of its R&D investment on corporate financial performance,so as to enhance managers’ confidence in subsequent R&D investment and provide a basis for R&D decision-making in the subsequent survival and development of enterprises.Based on the above background,relevant literature at home and abroad is reviewed,and it is found that domestic and foreign scholars have studied the relationship between R&D investment and corporate financial performance,but the results are not the same.In this paper,Tongway Shares are selected as the specific case object.In order to deeply analyze the relationship between R&D investment and corporate financial performance,the financial data from 2012-2021 is selected for statistical analysis,and the R&D investment and corporate financial performance during the ten years of R&D activities carried out by Tongway Shares are analyzed.In this paper,the index analysis method is used to analyze the reasons for the change of financial performance indicators by combining enterprise characteristics and industry background,and then Pearson correlation analysis and linear regression analysis are used to test the correlation between R&D investment and corporate financial performance indicators.Finally,the paper makes a comparative analysis with excellent enterprises in the same industry in many aspects.The results show that(1)there is a positive correlation between the R&D investment of Tongwei Co.,Ltd.and the financial performance of profitability,solvency and development ability,but it has a inhibitory effect on the operating ability;(2)Corporate financial performance will reverse promote R&D investment,forming a virtuous cycle.Finally,specific countermeasures are proposed according to the specific situation of Tongwei Shares.The innovation points of this paper are reflected in two parts.First,the comprehensive analysis methods of index analysis,correlation test and linear regression test are used to analyze the impact of R&D investment intensity on corporate financial performance,so that Tongway Shares can predict the performance changes brought by R&D intensity,and provide theoretical support for Tongway Shares to make future R&D decisions.Second,it studies the mechanism of the influence of R&D investment on corporate financial performance,explores the intrinsic mechanism of both,and determines the specific reasons for the reduction or improvement of financial performance.更多还原