| 摘要: | 本研究旨在探討台灣電子產品之上市公司，將財務指標，包括股價報酬率、公司獲利能力、經營能力和成長能力當作企業的經營績效指標對研發活動對其影響是否有不同結果，另外本文也將樣本分為電子產業之上、中、下游分別探討其研究發展費用對經營績效指標的影響，並針對臺灣上市上櫃2007年至2014年共86家的上市電子公司為樣本，並用向量自我迴歸模型進行分析探討。
本研究發現研究發展支出對部分經營績效指標有顯著性影響，另外研究發現不同產業鏈對其他指標有的並無顯著影響，其原因可能在於研究發展支出對於產業鏈特性不同所影響的經營績效也不同，故研究發展費用對經營績效的影響會因產業鏈的不同而有所差異性。
Electronic products of this study was to explore Taiwan listed companies, financial indicators, including the stock return rate, company profit ability, operating ability and growth ability as a corporate business performance indicators to whether have different results, the influence of R&D activities in this paper, also the sample is divided into electronic industry, the study of the middle and lower reaches its research and development costs influence on management performance indicators, and strategy for Taiwan market from 2007 to 2014, a total of 86 listed electronic companies as samples, using vector self regression model is analyzed.
This study found that research and development spending has a significant effect on part of the operating performance indicators, another study found that different chain on other indicators have no significant influence, the reason may be that spending on research and development for the industrial chain, the influence by different operating performance is also different, so the research and development expenses impact on business performance due to the industrial chain of difference. |
