Abstract
Technological innovation should be given full play, and R&D by agricultural companies should be given guidance. Because, for the purpose of increasing listed agriculture companies’ value, promoting the industry’s development, saving energy and resources in advanced agriculture productivity, such actions are of great significance. This paper takes agriculture companies listed in China’s A-shares from 2015 to 2019 as research samples, and makes empirical research on the influence of technological innovation on the value of agriculture companies in different life cycle stages. It is found that technological innovation does not significantly increase the companies’ value in their start-up and decline stages, while the situation becomes the opposite way in growth and maturity stages.
Highlights
As the representative of China’s advanced agriculture productivity, the listed agriculture companies undertake the important mission of promoting the agricultural industry’s overall development and innovation in science and technology
As to the company’s total assets used to measure its size, its liquidity ratio used to measure its solvency, and its operations revenue growth rate used to measure its development ability, they show significant positive correlation with company value in all the four stages, and they are what the companies should lay sustained concern on. It can be seen from the research in which the agricultural company technological innovation’s influence on its value is studied based on different stages of company life cycle that in the start-up stage, technological innovation investment’s influence on company value is not significant
In order to make the conclusion more reliable, the company value measurement indicator is changed into return on total assets in this paper, and based on which, the regression analysis is conducted according to the model described in the paper’s previous part and the following results are gained
Summary
To study whether technological innovation has an impact on agricultural a. This paper measures the company’s size with its total assets, which means, the more the company’s total assets, the larger the company’s size is and the higher the company’s value will be. This paper measures the company’s solvency with the ratio of its current assets and current liabilities, so as to control the solvency’s impact on the company’s value. This paper measures the company’s development ability with its growth rate of operation revenue, which is an important factor affecting the company’s value. Current assets/Current liabilities (Operation revenue-operation revenue of the previous year)/ operation revenue of the previous year
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
