The Relationship Among The Enterprise Scale, R&D Input And Productivity

Science and technology is a revolutionary power to promote the development of history, as well as the key factor to form the enterprise core competitiveness, and to promote national economic growth. Since the20th century, the rapid development of science and technology bring the human society into a new era. Every high-tech appearance has become a powerful driving force of economic growth, improving the technological content and the intensive degree of the national economy, which promote the upgrading of the economic structure. With the high-tech world are striving to promote the vigorous development of their economies. All countries in the world make efforts to improve national economy by means of the high technology. While the high-tech industry is particularly important, which is not only determines the level of international competitiveness, but also determines the division status in the world economy.Meanwhile, our enterprises still have to face the international convergence of accounting standards. According to the new Accounting Standards guidelines on R&D spending, the biggest change is that expensing the expenditures of research phase, and conditionally capitalize the expenditures of development phase. This reflects that the accounting standards will change the view of revenue and expense into the balance concept. From the macro level analysis, the change of the R&D spending guidelines will promote the corporate R&D investment behavior and thus affect technological progress, which will manifested through the capital markets, and ultimately affect the overall economy. A large number of existing studies have shown that changes in R&D spending guidelines have a significant role in promoting corporate R&D investment behavior. But most of the studies were focus on the motivation and influencing factors of R&D expenditure capitalized behavior. Few studies extend the transformative effects of standards to the enterprise-wide level, or even the macroeconomic level. Productivity is a very important indicator to measure the quality of economic development. Enhance the study on productivity has an important reference role to timely adjust the industrial structure, and to rational allocate resources and prevent economic growth foam.This paper argues that it is rational and necessary to discuss the relationship between R&D investment and corporate productivity. This paper attempts to develop explore the path of enterprises scale, corporate R&D investment and corporate productivity, combining the accounting discipline and economic disciplines to expand the micro-level accounting information to a more macro real economy.This paper selected some sectors in high-tech industry as sample, using regression models to conduct the empirical research. The conclusion of the study indicated that, larger companies invest more in R&D; Corporate R&D investment positively correlated with productivity; U-shaped relationship between Firm size and the output elasticity of R&D investment. In this regard, this paper put forward some reasonable suggestions to improve our corporate R&D investment efficiency.