本研究擬探討公司治理機制與研究發展投入之關連性。研究結論顯示：一、在長期觀點下：在上市上櫃公司方面，負債比率對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響，機構投資人持股比例對於研發支出有顯著負向影響。在上市公司方面，負債比率對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響，機構投資人持股比例對於研發支出有顯著負向影響。在上櫃公司方面，負債比率對於研發支出有顯著負向影響，董監事和經理人持股比例對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響。二、在短期觀點下：在上市上櫃公司方面，負債比率對於研發支出有顯著負向影響，董監事和經理人持股比例對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響。在上市公司方面，負債比率對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響，機構投資人持股比例對於研發支出有顯著負向影響。在上櫃公司方面，負債比率對於研發支出有顯著負向影響，董監事和經理人持股比例對於研發支出有顯著負向影響，獨立董監事比例對於研發支出有顯著正向影響，機構投資人持股比例對於研發支出有顯著正向影響。
In recently years, corporate governance and research and development inputs are valued by corporation gradually. This study treats the correlation between corporate governance and research and development inputs. Research conclusion reveals:
1. In the long-term aspect:
In listed company at stock exchange market and listed company at over-the-counter market, it indicates a significant negative correlation between leverage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs; a significant negative correlation between institutional investor holding percentage and research and development inputs.
In listed company at stock exchange market, it indicates a significant negative correlation between leverage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs; a significant negative correlation between institutional investor holding percentage and research and development inputs.
In listed company at over-the-counter market, it indicates a significant negative correlation between leverage and research and development inputs; a significant negative correlation between directors, supervisors and managers holding percentage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs.
2. In the short-term aspect:
In listed company at stock exchange market and listed company at over-the-counter market, it indicates a significant negative correlation between leverage and research and development inputs; a significant negative correlation between directors, supervisors and managers holding percentage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs.
In listed company at stock exchange market, it indicates a significant negative correlation between leverage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs; a significant negative correlation between institutional investor holding percentage and research and development inputs.
In listed company at over-the-counter market, it indicates a significant negative correlation between leverage and research and development inputs; a significant negative correlation between directors, supervisors and managers holding percentage and research and development inputs; a significant positive correlation between out-ratio and research and development inputs; a significant positive correlation between institutional investor holding percentage and research and development inputs.
