英语翻译近年来,随着企业之间的竞争日趋激烈,国际化和经济全球化的加速,产品逐渐向更新换代较快的特点发展,在这种情况下,对

英语翻译
近年来,随着企业之间的竞争日趋激烈,国际化和经济全球化的加速,产品逐渐向更新换代较快的特点发展,在这种情况下,对企业研发活对于企业的可持续发展就变得尤为重要.本文正是在这样的背景下,结合新的企业会计准则,选取能源行业上市公司为样本,对其研发投入与企业业绩两者之间的相关性进行研究,探讨研发投入对上市公司业绩的影响及影响程度,以提高我国自主创新能力和会计信息披露质量作参考.
本文首先回顾了国内外学者对于企业研发投入和企业业绩相关性的研究成果,并在此基础上对企业研发投入现状做了大致介绍和理论分析.然后选取了2010-2012年三年的能源行业上市公司的财务报表作为基础并选取了41家企业作为样本,在回顾了国内外学者关于研发投入和企业业绩相关性的研究成果,在此基础上介绍了技术创新及业绩评价的历史演进,并对研发投入与企业业绩的关系进行了理论分析.在借鉴股票价值模型、回归分析模型的基础上验证了研发投入与股价、营业收入、营业利润、营业收入增长率、营业利润增长率之间的相关性.最后,根据本文的实证结论,针对我国研发投入低及研发投入信息披露存在诸多问题的现状,提出了相应的政策建议并指出了本文的不足及对未来的展望.

In recent years,the increasingly fierce competition between enterprises as well as the acceleration of economic globalization and internationalization motivate the product renewal and replacement rate.In this circumstance,research and development (R&D) is vital to the
ontinuous enterprise development.Under this background,this paper used the quality of accounting disclosure information as reference to integrate the new accounting standard for enterprises,selected the energy industry public companies as samples to study the correlation between enterprise performance and the R&D investment,and the degree of influences as well as the effects of R&D investment on enterprise performance in order to improve the independent innovation ability of China.
This article first reviewed the research works of the local and foreign scholars regarding the correlation between enterprise R&D investment and enterprise performance.And on this basis,the author made an overall introduction and an elementary analysis on the current status of enterprise R&D investments.Then,selected 41 sample companies based on the three-year financial statements (2010 to 2012) of the public companies in the energy industry.On the basis of the R&D investments and enterprise performance research reviews,a more detail description about the evolution history of technological advancement and performance assessments was made,and a further theoretical analysis was derived.After that,references were drawn from the stock intrinsic value model as well as regression analysis model,which were used as the foundation to verify the correlations between the R&D investment and the stock price,operating income,operating profit,operating income growth,and operating profit growth.Finally,based on the empirical conculsions,policy suggestions focused on the low R&D investments status as well as various issues on information disclosure in investment in China were proposed.Limitation and the future aspiration of this article were also discussed.