|
|
|
| Managerial Power, R&D Decision and Company Growth |
| Bai Guiyu1,Xu Peng2 |
|
|
|
|
Abstract In this paper the authors selected China private listed company as the research sample, using the 2476 group data formed from the passed four consecutive years, make empirical analysis on enterprise R&D decision making motivation and effect based on the perspective of managerial mower and then draw the following conclusions: firstly, managerial mower has a positive effect on R&D investment; secondly, managerial mower has a positive effect on the company growth; thirdly, investment in R&D has positive effect on the growth of the company; fourthly, R&D investment plays a partial intermediary role between managerial power and the company growth. At the same time, this paper also discusses the moderating effect of the enterprise operation ability between R&D investment and growth, the results show that: the stronger the enterprise operation ability is, the effect of R&D investment on company growth will be much stronger.
|
|
|
|
|
|
|
|
|
