The impact of R&D investment on the value of construction companies based on engineering management

Abstract

This paper takes the construction enterprises listed on China's Shanghai and Shenzhen stocks in 2016-2018 as a research sample, introduces management power as a regulatory variable, and studies the regulatory effect of management power on the relationship between R&D investment and corporate value. The study found that R&D investment has a significant impact on company performance, and management power has a regulatory effect on this outcome. This study provides a new perspective for Chinese construction companies to examine the impact of R&D intensity on corporate value. It also provides advice on the value enhancement of companies with multiple engineering management projects.