- Volume 9 Issue 1
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The Effects of the Previous Corporation Internal Reservation on the Current R&D Investment -Using EDU as a moderating variable & Verification through GBM model
법인의 전기 사내유보가 당기 연구개발 투자에 미치는 영향 - 교육훈련비의 조절변수 효과 및 GBM 모델을 통한 검증
- Yoo, Joon-Soo (Department of Accounting, Graduate School, Kangwon National University) ;
- Jeong, Jae-Yeon (Department of Accounting, Graduate School, Kangwon National University)
- Received : 2017.11.13
- Accepted : 2018.01.20
- Published : 2018.01.28
The purpose of this paper is to analyze the effect of corporation internal reservation on R&D investment. It is to find how much effect the reflux tax has achieved through empirical analysis. In addition, education training expense was taken as a moderating variable to find the effectiveness of government policy. Furthermore, the study looked through the effect once again by using GMB model. According to the result counted by regression analysis, it could be concluded that the effect of both moderation and intervention had a significant effect and the variable of interest cost and welfare & benefit cost in model 1, 2 and 3 had a meaningful impact at the level of 99%. On the other hand, the previous corporate internal reservation failed to show any significant result in all types of models. Even in GBM model of convergence level applied to additional analysis, similar results came out.
Supported by : Kangwon National University
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