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Title: The impact of R&D investment and salary gap

on company’s operating performance-empirical   analysis based on listed companies in the pharmaceutical manufacturing industry

Author:          Xie Zaibo

Program:       Master of Business Administration

Major Advisor:    Assistant Professor Dr.Nusanee Meekaewkunchorn 

Co-Advisor:       Associate Professor Dr.Tatchapong Sattabut

Academic Year: 2021

ABSTRACT

The objective of this study was to analyze the factors determining pharmaceuticals' operating performance so as to provide effective countermeasures and suggestions for listed pharmaceutical manufacturing companies to improve their business performance and achieve sustainable development.

The research sample of this paper is the unbalanced panel data of 185 listed pharmaceutical manufacturing enterprises from 2010 to 2020 under the industry classification of China Securities Regulatory Commission (2012 edition), with a sample size of 891. Use Stata15.0 for empirical analysis.

Research findings were as follows, firstly, there is an "inverted U-shaped" effect of R&D investment on company operating performance. Secondly, there is a lagged effect of R&D investment and the operating performance of the previous period has a positive effect on the operating performance of the current period. Thirdly, there is a positive effect of salary gap on company's operating performance, and the effect of salary gap on operating performance is greater in state-owned enterprises.

Key Words: R&D Investment, Salary Gap, Dynamic Panel Model, Company Performance

  第2导师提供在线1对1及在线班课的论文写作辅导培训。含1对1论文辅导课、写作 录播课、学术启蒙课等，采用1对1真人在线互动教学形式，利用电脑、手机及ipad等移动终端