Research On The Impact Of Information Technology Enterprises' R&D Information Disclosure Level On Profitability

In recent years,the information technology industry has increasingly become a powerful driving force for improving social production efficiency and promoting the development of the national economy,and has attracted more and more attention from countries and regions.As far as the country is concerned,information technology enterprises have good profitability and long-term sustainable development capabilities,and can effectively contribute to the country's innovation and development capabilities to achieve substantial progress in real progress.For information technology companies,R&D activities are directly related to their sustainable development potential and development speed,which are valued by external investors and many stakeholders.For investors and stakeholders,the acquisition of R&D information mainly comes from the disclosure of relevant information in the company's annual report.The disclosure of R&D information is the basis for other decision-making behaviors,which in turn affects the company's operating conditions.This article takes the information technology industry as the starting point,selects 26 Shanghai Stock Exchange information technology companies as the object,evaluates the R&D information disclosure level of these companies from 2016 to 2018,explores the characteristics and problems of R&D information disclosure of information technology companies,and Further analyze the impact of the level of R&D information disclosure on corporate profitability.The study found that the overall level of R&D information disclosure of China's information technology enterprises is relatively balanced,but there are relatively low levels of disclosure of individual companies' R&D information and individual projects within the industry;some mandatory disclosure content disclosure forms are not standardized,especially the R&D personnel changes are not fully disclosed.Information disclosure on the timing of capitalization of R&D expenditure and the rationality of changes is not detailed;the level of R&D information disclosure of information technology companies in China has a positive impact on profitability.Based on this,the thesis proposes the following two suggestions.First,strengthen the disclosure of corporate R&D personnel information,strictly regulate the disclosure of R&D expenditure expense and capitalization information;second,increase the frequency of corporate R&D information disclosure,and broaden the channels for R&D information disclosure,In order to improve the profitability of enterprises.