Study on the Relationship Between R&D Expenditures, Capital Structure and Enterprise Innovation Performance

Yuke CHAI, Xiaomin GU


Studies have shown that R&D expenditures affect innovation performance, while R&D expenditures associated with capital structure. In this paper, we choose listed company in Henan Province by using empirical analysis, found that R&D intensity is inversely proportional to the asset-liability ratio, asset-liability ratio has negative correlation with performance, and put forward relevant proposals.


Capital structure; R&D; Innovation performance

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