Author(s)

Wang Hang

Corresponding Author

Wang Hang

Abstract

The coming of knowledge economy age means that "innovation" becomes the main melody of competition among enterprises. This paper studies the influence of internal resources on R & D investment from the perspective of enterprise resources, and divides the internal resources into financial resources, physical resources and intangible resources, taking the data of listed companies on China's small and medium-sized enterprises as samples. The empirical results show that when enterprises only consider the internal single resource factors, financial resources, physical resources and intangible resources will have an impact on enterprise R & D, but if considering the internal and external resource factors, the employee contribution degree can promote the enterprise research and development more.

Keywords

Financial Resources Entity Resources Intangible Resources R & D Investment