Notice of RetractionR&D Project Budget Management of Enterprises and Technology Innovation

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

R&D budget management plays an extremely important role in R&D project management, but the relationship between R&D budget management and the technological innovation is rarely understood by people. However, there are a few articles discussing the impact of R&D budget on the innovation performance of enterprises. Utilizing a sample of 81 Chinese public companies in the information industry over the period of 2002-2006, we examined the relationship between R&D budget management and the innovation performance of enterprises. The result shows that a long-term persistent R&D investment is beneficial for enterprise innovation, while continual changes of R&D budget plans as well as too dispersive investment of R&D in the project reduce the effectiveness of innovation. The conclusion of this study should be an important reference on the optimization of R&D budget management and the improvement of effect of R&D.