Abstract��OBJECTIVE To study the impact and its mechanism of pharmaceutical regulation on the firm performance. METHODS To make the multiple regression analysis with the pharmaceutical regulation intensity as independent variable, profit rate as dependent variable, R&D innovation and firm investment as intervening variable, based on the pharmaceutical industry data of China. RESULTS The relationship between the pharmaceutical regulation intensity and profit rate is significantly positive correlation, for which the R&D innocation plays a role of mediation. CONCLUSION Pharmaceutical regulation stimulates the R&D revenue and enhances technical innovation, and thus the innovation achievement enhances the firm performance. The increase of firm performance brought by innovation compensates the drop by regulation cost.
��Դ. ҩƷ��ܶ��й���ҩ��ҵ��Ч��Ӱ�켰����Ƴ�̽[J]. �й�ҩѧ��־, 2019, 54(6): 506-510.
ZHANG Yuan. A Preliminary Study on the Impact and Its Mechanism of Pharmaceutical Regulation on the Firm Performance. Chinese Pharmaceutical Journal, 2019, 54(6): 506-510.
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