| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 488315 | Procedia Computer Science | 2016 | 9 Pages |
Abstract
Research and development (R&D) investment of high-tech enterprises has an impact on enterprise risk, but the effect is different when funding sources are different. This paper aims to study the relationships among financing sources, R&D investment and enterprise risk. The empirical results suggest that the relationship between endogenous financing rate and R&D investment is significantly positive, and asset-liability ratio has a significantly negative impact on R&D investment. Furthermore, the study shows that relationship between enterprise risk and R&D investment can be described with a quadratic parabola.
Keywords
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Hong Wang, Pan Liang, Huiyu Li, Ruili Yang,