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引用次数: 0
摘要
本文旨在利用广义矩方法的回归分析，评估投资和研发支出对总部设在欧洲的大型公司业绩的影响。独立控制变量为人均 GDP 和以 10 年期国家债券收益率为代表的利率。样本期为 2010-2018 年。结果表明，研发支出和投资的增长对实施当年企业的盈利率产生了负面影响。在集中研究宏观经济控制变量时，结果支持了国内生产总值对大部分净收入、投资回报率和投资收益率估计值产生正向影响的假设。另一方面，利率产生了负面影响。
Impact of investment and R&D expenditures on company performance in the industry 4.0 era
This paper aims to evaluate the influence of investment and R&D expenditures on the performance of large companies that are headquartered in the Europe using regression analysis of the generalized method of moments. The independent control variables are GDP per capita and the interest rate represented by the yield of 10-year state bonds. The sample period is 2010–2018. Our result shows that the growth of R&D expenditures and investments negatively affected the profitability ratios of the firms in the year of implementation. While concentrating on the macroeconomic control variables, the results support an assumption about the positive effects of GDP on the majority of the net income, ROA and ROE estimates. On the other hand, negative effects of interest rates were found.
期刊介绍：
Acta Oeconomica publishes articles on Eastern European and Hungarian economic transition, theoretical and general issues of the transition process, economic policy, econometrics and mathematical economics. Space is also devoted to international economics, European integration, labour economics, industrial organisation, finance and business economics.Publishes book reviews and advertisements.
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