本研究探討以國家為單位的研發⽀出對⼈⼒資本及企業內部效率和創新
之影響，我們假設研發⽀出會對中⼩型及⼤型企業的內部效率及創新產⽣直接
的影響，其中包含⼈⼒資本為中介變數，我們以IMD 的數據為基礎去做統計運
算，其中包和63 個國家、五年的的資料庫，在統計⼯具上我們使⽤M Plus 做
統計運算，經過統計計算後，我們發現R&D的⽀出會影響國家企業內部的創
新能⼒及企業效率，也存在以⼈⼒資本為中介變數的情形。
根據本研究的推論及數據結果，證明國家研發⽀出對當地⼈⼒資本的培
養有直接的影響，同時也發現研發⽀出對當地企業內部營運的效率及創新有著
不可分離的重要性。

In this study, we will prove that R&D management expenditure will positively
affect human capital and human capital have a positive influence on business
efficiency and innovative capacity. We will focus on national-level quantitative
research based on the Institute of Management Development (IMD) dataset, which
includes 63 countries with 30 years date range and more than 300 hundred indicators.
We used M plus to complete the statistic and programming parts. The results
of mediation between human capital and business innovation and business efficiency
are positive, which shows that human capital is important in countries’ development
stages. Human capital can be invested by spending money on R&D, and after the
cultivation of human capital, the business will have better performance on efficiency
and innovation.

摘要 i
Abstract ii
CHAPTER ONE INTRODUCTION
1.1 Research Background 4
1.2 Research Objectives 6
1.3 Research Structure 7
1.4 Research Process 8
CHAPTER TWO THEORY AND HYPOTHESES 8
Chapter THREE Research Design and Methodology 13
3.1 The Conceptual Framework 13
3.2 Data Analysis and Procedure 14
Chapter FOUR Research Results and Analysis 15
Chapter FIVE Conclusion and Suggestion 17
5.1 Discussion on Research Finding and Conclusion 17
5.2 Research Limitation and Suggestion for Future Research 17
5.3 Implications to policymakers 18
5.4 Research Limitations and Suggestions for Future Research 18
Reference 19

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