A Study on the Relationship among Technology Spillovers, R&D Investment and Firms’ Cash Holdings

Jiayu Chi; Ling Sun

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A Study on the Relationship among Technology Spillovers, R&D Investment and Firms’ Cash Holdings

机译：技术溢出，R＆D投资与企业现金持有量之间的关系研究

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This study analyzes the relationship among technology spillovers, R&D investment and firms’ cash holdings. We find that technology spillovers and R&D investment have a significant positive impact on the firms’ cash holdings; and R&D investment plays an intermediary role in technology spillovers’ influence on firms’ cash holdings.

机译：这项研究分析了技术外溢，研发投资和企业现金持有量之间的关系。我们发现技术外溢和研发投资对公司的现金持有量产生了显着的积极影响。研发投资在技术外溢对公司现金持有量的影响中扮演着中介角色。

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《Modern Economy》 |2017年第12期|共8页
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Jiayu Chi; Ling Sun;
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中图分类贸易经济;
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入库时间 2022-08-18 11:42:08

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A Study on the Relationship among Technology Spillovers, R&D Investment and Firms’ Cash Holdings

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