Research on the Impact of Scientific Research Investment on the Performance of Listed Agricultural Enterprises in the Digitization Context

Focusing on the impact of R&D expenditure on the performance of large agricultural listed companies in the context of the digital economy, this study reveals the relationship between R&D investment and profitability in large agricultural listed companies. Based on the time-series data of large agricultural listed companies in China from 2014 to 2020, using a dynamic panel regression model, the study uncovers the mechanism by which R&D expenditure influences the profitability of large agricultural listed companies. The findings are as follows: ① R&D expenditure positively affects the profitability of large agricultural listed companies; ② there is a lag effect in the impact of R&D expenditure, which gradually weakens; ③ the marginal diminishing effect will positively diminish. The research provides a theoretical reference for the allocation of scientific and technological resources in the large agricultural sector under the background of the digital economy.