R & D and innovation has become a source of an industry competitive advantage and enhance overall national competitiveness in recent years. It is obvious that the countries are committed to the integration of scientific and technological to enhance the R & D and innovation capacity.
We can find that each company has invested R & D activities are not the same. Thus, let me have the incentive to investigate the relationship among R&D intensity, firm value and enterprise performance. In this study, we chose the high-tech industry from 2002 to 2011 as the sample. To discuss the association among R&D intensity, firm value and enterprise performance by using regression analysis.
The empirical results show that high-tech industry’s R&D intensity and firm value of a significant positive correlation. It means that R&D intensity is the most important factor to increase firm value. Significant negative relationships exist between high-tech industry’s R&D intensity and enterprise performance. That means R&D intensity does not be able to make enterprise performance better.
