查詢結果分析
來源資料
相關文獻
- 資訊電子業研發支出與經營績效、股價報酬關係之研究
- 研發支出與技術變遷對國防工業經營績效之影響
- 行銷支出與研發支出對經營績效及企業價值之關聯性--以我國上市汽車業為例
- Long-run Stock Returns and Operating Performance Following Private Debt Placements
- 國際會計準則實施對資訊服務業經營績效之探討:董事會特性與研發支出之影響
- 研發支出、內部董事與經營績效
- 研發密度與企業經營績效之關聯性--以上市櫃生技產業為例
- 公司治理與企業管理短視行為相關性之研究--以臺灣上市公司為例
- 研發支出對經營績效及股權評價影響之研究
- 持續性高現金儲備政策對公司長期營運績效與股價之影響
頁籤選單縮合
題 名 | 資訊電子業研發支出與經營績效、股價報酬關係之研究=Research of Relationship between R&D Expenditures and Operating Performance, Stock Returns for Electronic Industry |
---|---|
作 者 | 林鳳麗; | 書刊名 | 德明學報 |
卷 期 | 21 2003.06[民92.06] |
頁 次 | 頁51-67 |
分類號 | 555.8 |
關鍵詞 | 研發支出; 經營績效; 股價報酬; R&D expenditures; Operating performance; Stock returns; |
語 文 | 中文(Chinese) |
中文摘要 | 本研究係探討臺灣上市上櫃資訊電子業之研發支出與經營績效、股價報酬之關聯性。希望藉此提供投資者及經營者了解研發投資對公司的價值與貢獻,並作為未來制定財務會計準則的參考。研究結果如下: 一、研發支出與其當年度經營績效呈顯著負相關,與次年度的經營績效呈顯著正相關,然而研發支出與遞延第四年之經營績效呈顯著負相關。 二、研發支出對其當年度及後續年度之股價報酬影響不大,僅與遞延第四年之股價報酬呈顯著負相關。 三、高研發密度公司之經營績效顯著高於低研發密度公司,於研發投資後第四年及第五年最為顯著。 四、高研發密度公司之股價報酬顯著高於低研發密度公司,發生在研發支出後第二年與第三年。 |
英文摘要 | This paper examines the relationship between R&D expenditures and operating performance, stock returns in Taiwanese Information-Electronic Industry. The results of this paper can help investors, managers and committee of GAAP to understand the values of R&D activity. The empirical results are as follows: 1.R&D expenditures are significantly and negatively associated with operating performance of the current year, positively associated with operating performance of the subsequent year, but R&D expenditures are significantly and negatively associated with operating performance of the deferred fourth year. 2.R&D expenditures are not associated with stock returns of the current year and subsequent years, except significantly and negatively associated with the stock returns of the deferred forth year. 3.The operating performance of high R&D intensive group is significantly higher than low R&D intensive group, especially the 4th and 5th years after R&D spending. 4.The stock returns of high R&D intensive group is significantly higher than low R&D intensive group, especially the 2th and 3th years after R&D spending. |
本系統中英文摘要資訊取自各篇刊載內容。