E3S Web Conf.
Volume 235, 20212020 International Conference on New Energy Technology and Industrial Development (NETID 2020)
|Number of page(s)||4|
|Section||Industrial Technology Development and Industrial Structure Adjustment and Upgrading|
|Published online||03 February 2021|
The Influence of Technological Innovation on the Profitability of Enterprises
Beijing Jiaotong University, Department of Economics and Management, Beijing, China
This paper studies whether the investment intensity of R&D expenses of listed companies can improve the profitability of enterprises. The data indicators of listed companies from 2015 to 2017 are obtained by using CSMAR database. R&D investment is divided into two indicators: relative number index and absolute number index, and regression analysis is carried out by establishing the econometric analysis model of profitability and absolute number index and relative number index of R&D investment. It is found that the intensity of R&D investment has a positive effect on the profitability of enterprises. Therefore, enterprises can improve their profitability through technological innovation and increasing R&D investment.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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