Research On The Impact Of R&D Investment On Growth Of Information Technology Listed Companies In GEM

Since the start of GEM in 2009,By the end of 2018,133 GEM information technology listed companies were listed on the GEM market.These companies usually have the characteristics of high technology content and strong growth.Relevant stakeholders also pay close attention to the development of information technology listed companies on the GEM.Based on the summary of relevant literature,this paper combines the characteristics of information technology listed companies on the GEM in China,and through empirical research,studies the information technology category of the GEM in China.Research and Analysis on the Impact of R&D Investment on the Growth of Listed Enterprises.As far as the financial activities of enterprises are concerned,the efficient and rational allocation of human resources,financial resources,material resources and technology is one of the most important core tasks in the process of development.On this basis,we should realize the transformation of technological capital into real productive forces.Therefore,it is of great value to study the relationship between R&D investment and self-growth.This paper takes information technology listed companies on the GEM as the research object,and chooses the relevant indicators data of the research object from 2015 to 2017 as the empirical research sample.Firstly,on the basis of principal component analysis,the sample of 131 information technology listed companies in GEM is quantified,and then the relevant indicators are analyzed by descriptive statistical analysis.Finally,the correlation between human and material capital investment and growth of information technology listed companies on the GEM is validated on the basis of multiple linear regression method.The empirical results show that for the GEM information technology listed companies,the ratio of technology and R&D personnel,as well as R&D intensity and R&D expenses have a significant impact on their growth,in which the technology and R&D ratio and R&D expenses are positively correlated with their growth.relationship.The quality of technicians has no significant impact on their growth.Based on the results of this research,this paper puts forward some suggestions.For example,companies should formulate relevant strategies for their own characteristics,scientific and rational investment in R&D,and the need to develop long-term development mechanisms for the introduction and training of high-end talents.In the process of market competition,China's GEM information technology listed companies have obtained core competitiveness and provided some theoretical reference.