研发投入、内部控制与企业绩效

R&D Investment, Internal Control and Corporate Performance

摘要: 近年来，市场竞争愈发激烈，新兴技术成为企业保持市场地位和发展壮大的核心竞争力，所以企业越来越重视研发投入，但研发投入具有周期长和效益无法保证等风险，所以企业需要积极实施诸如内部控制等有效措施来降低风险。因此，本文以2012~2021年我国A股上市公司为研究样本，对研发投入、内部控制与企业绩效间的关系进行实证分析，研究结果表明，研发投入越高，企业绩效越好，研发投入可以显著正向影响企业绩效，内部控制也显著正向影响企业绩效，且内部控制可以正向调节研发投入与企业绩效间显著的正相关关系，说明企业在为了提升核心竞争力而积极进行研发投入时，可以主动实施有效的内部控制系统来保障研发投入的实际经济效益，进而提升企业绩效。

Abstract: In recent years, market competition has become more and more fierce, and emerging technologies have become the core competitiveness of enterprises to maintain market position and development. Therefore, enterprises pay more and more attention to R&D investment, but R&D investment has risks such as long cycle and unguaranteed benefits, so enterprises need to actively implement effective measures such as internal control to reduce risks. Therefore, this paper takes the A-share listed companies of our country in 2012~2021 as the research sample to conduct an empirical analysis on the relationship between R&D investment, internal control and enterprise performance. The results show that the higher R&D investment is, the better firm performance is. R&D investment has a significant positive effect on firm performance, and internal control has a significant positive effect on firm performance. It shows that the enterprises can actively implement effective internal control system to ensure the actual economic benefits of R&D investment and improve the performance of enterprises.