Empirical Research on the Relationship Between the Subdivided Indicators of the Sustainable Development Rate and the Enterprise R&D Input/ Recherches Empiriques Sur la Relation Entre L'indicateur Subdivise Du Rythme Du Developpement Durable Et la Contribution de R&D des Entreprises (Report‪)‬

R&D input is the essential investment for enterprises implementing its sustainable development strategy. On the one hand, the strengthening in R&D input can keep the production and sales increasing sustainably, which is the feature of the firms' sustainable development; On the other hand, the enterprises which are in its sustainable development stage, are likely to have the sufficient cash flow from their sales to support their high risked R&D investment. Facing the ever fiercer competition environment, enterprise should get into a benign circulation: higher sustainable development rate--more R&D input--higher sustainable development rate ... ..., which conforms to the enterprises long term development strategy. Actually, the sustainable development speed is determined by the operation efficiency, the capital structure, and the dividend allocation. More concretely, it is the comprehensive effect of operation strategy, financial policy, and the retained earning allocation policy. This paper will try to find out the relationship between these three determinants of sustainable development rate and the R&D input.