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R&D(研究与开发)活动,对于全面提高企业创新能力、竞争力等方面,起到了举足轻重的作用,但同时因其具有风险性、信息不对称性以及收益跨期性等特点,又对R&D项目投资产生了巨大的制约作用。实践中可以看到,由于公司治理制度的落实,可有效控制企业经理人盲目追求无效战略行为,因此公司治理与R&D投入、企业绩效等,都存在着非常密切的关系。本文将对公司治理对R&D投入与企业绩效关系调节效应问题进行分析研究,并在此基础上提出一些建设性建议,以供参考。
R & D activities have played a decisive role in improving the innovation capability and competitiveness of enterprises in an all-round way. However, at the same time, due to their characteristics such as riskiness, information asymmetry and earnings intertemporality, R & D projects Investment has a huge restraining effect. In practice, we can see that due to the implementation of corporate governance system, corporate managers can effectively control the blind pursuit of strategic invalid behavior, corporate governance and R & D investment, corporate performance, there is a very close relationship. This article will analyze and study the regulatory effect of corporate governance on the relationship between R & D investment and business performance, and based on this, put forward some constructive suggestions for reference.