E3S Web Conf.
Volume 292, 20212021 2nd International Conference on New Energy Technology and Industrial Development (NETID 2021)
|Number of page(s)||4|
|Section||New Energy Economy and Energy Blockchain Application|
|Published online||09 September 2021|
Research on the Correlation between Capitalized R&D Expenditure and Enterprise Performance ——Research Based on Statistical Analysis Tools
Department of Accounting, Beijing Jiaotong University, Beijing, China
* Corresponding author: firstname.lastname@example.org
Innovation is the source of power for the development of an enterprise. The enterprise aims to increase investment in research and development to maintain technological innovation capabilities, thereby enhancing its own competitive advantage. In order to explore the impact of capitalization intensity on corporate performance, this paper selects 2,829 Chinese non-financial listed companies from 2008 to 2020 as research samples, establishes a regression model of R&D expenditure capitalization intensity and corporate performance, and conducts multiple linear regression analysis. The research in this paper finds that the capitalization of R&D expenditure has both a value depreciation effect and a value appreciation effect. From the direct impact point of view, the accounting treatment of capitalization of R&D expenditure reduces the company’s “tax-saving” cash flow and affects the company’s internal resource allocation, thereby reducing the current financial performance; and from the perspective of future effects, capitalized R&D expenditure has passed to the market The signal of R&D “success”, the higher the degree of capitalization of R&D expenditure, the stronger the value-added ability of R&D expenditure in the current period and in the future period.
© 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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