Threshold Effects of R&D Intensity on Enterprise Performance from the Perspective of Scientific Research Achievements Transformation Ability


Based on the listed company data of high-tech enterprise of manufacturing industry from year 2012 to 2016, this paper analyzed the no-linear effect of R&D intensity on firm performance with different ability of R&D achievements transformation. The empirical results show that the R&D input intensity has a double threshold effect on the capability of R&D achievement conversion. When the conversion ability of R&D achievement is lower than the first threshold value of 2.19%, the R&D input intensity significantly positively affects the enterprise performance; after more than 2.19%, the role of R&D input will decrease significantly and become less significant. When more than second threshold of 6.75%, R&D input intensity will significantly negatively affect enterprise performance; the relationship between R&D input intensity and firm performance has significant industry differences. Therefore, paying close attention to the nature of the industry and improving the transformation capability of scientific research achievements is an important measure for high-tech enterprises to improve their R&D effect, seize the market and improve their performance.

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Wei, Y. and Bao, G. (2018) Threshold Effects of R&D Intensity on Enterprise Performance from the Perspective of Scientific Research Achievements Transformation Ability. Open Access Library Journal, 5, 1-12. doi: 10.4236/oalib.1104667.

Conflicts of Interest

The authors declare no conflicts of interest.


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