Research On The Influence Of R&D Investment On Innovation Performance Of Light Industry Enterprises From The Perspective Of Environmental Regulation

The environment is the carrier on which we depend for survival,and the issue of ecological environment has attracted more and more attention.The report of the 19th National Congress repeatedly stressed the importance of building ecological civilization for the sustainable,stable and rapid development of the country,and clarified that the ecological environment problem has been clearly incorporated into the main contradiction in the primary stage of socialism.The light industry plays an important role in China’s social and economic development.It is responsible for promoting economic growth,prospering the market,expanding employment,stabilizing exports,serving the "three rural",narrowing the gap between the rich and the poor,and accumulating.The construction of funds and the important tasks of driving the development of related industries.Light industrial products are the necessities of people’s lives,covering the consumption needs of people’s life in clothing,food,housing,travel,culture and entertainment,and play an important role in meeting the needs of the people’s better life.To promote the green development of the social economy and build an environment-friendly society,we must first establish a green technology innovation system combining administrative control and market deployment,and guide enterprises to effectively use scarce resources in economic activities,and at the same time obtain the maximum profits of enterprises.Benefits and circular links between production systems and living systems.With the increase of environmental regulation,measures such as increasing pollutant discharge standards,emissions trading,pollutant discharge permits,industrial transfer of polluting enterprises,establishment of environmental credit evaluation system,and mandatory disclosure of environmental protection information have alleviated environmental pollution to some extent.The intensification but cannot be denied the fact that environmental protection still has a long way to go.Technological innovation is the core means for industrial enterprises to complete industrial upgrading,improve product quality,save energy and reduce consumption,and solve environmental pollution.Although the overall technology and equipment level of the entire light industry has undergone great changes,most of the light industry enterprises have relatively low independent innovation capabilities,and the core technology of independent intellectual property rights is relatively small.Most light industrial enterprises belong to traditional processing and manufacturing enterprises.Technological innovation basically adopts the introduction-dependent development strategy.The introduction of technology and equipment needs to rely on foreign follow-up service technologies,resulting in relatively high operating costs.Moreover,some enterprises only pay attention to the introduction of results,but neglect the digestion and absorption of results,or cannot share resources in technological innovation,which hinders the passion of technological innovation and the effect of technological innovation.In addition,due to the risk of investment in technological innovation,it may be that the technological innovation of enterprises is not strong,or the input of technological innovation cannot obtain the expected output.Through the research of this topic,the relationship between technological innovation investment and innovation performance of light industrial enterprises is solved.Strong practical significance.This paper comprehensively applies the relevant theories of management,industrial economics,environmental economics,technical economics,econometrics and other disciplines,takes input-output analysis,"Porter Hypothesis" theory,endogenous growth theory and lag effect theory as the theoretical basis,and adopts various research and analysis methods such as literature research method,empirical research method and comparative research method.From the perspective of environmental regulation,Based on the data of light industrial enterprises above Designated Size from 2002 to 2019,this paper constructs a multiple regression model of the impact of R&D investment on innovation performance of light industrial enterprises.Considering the variable lag effect,the accuracy of the experimental results is repeatedly tested step by step,and the threshold effect regression analysis is carried out to try to find the internal influence mechanism.Through the research,we find that:(1)R&D personnel investment has a significant positive impact on the innovation performance of light industry enterprises,and there is a lag effect.It shows that the higher the human capital of an enterprise,the stronger its technological innovation ability will be.(2)R&D investment has a significant positive impact on the innovation performance of light industry enterprises,and there is a lag effect.Internal expenditure of R&D funds helps enterprises to carry out technological innovation according to their own wishes,quickly learn technical skills,achieve continuous,dynamic and stable technological progress,and improve the technological innovation output of innovative enterprises.In addition,government R&D investment may reduce the cost of enterprises,improve the enthusiasm of enterprises to increase internal R&D expenses,and then improve the innovation performance of light industrial enterprises.(3)Environmental regulation has a significant negative impact on the innovation performance of light industry enterprises,and there is a lag effect.This result further verifies the theory of Porter hypothesis.(4)Environmental regulation plays a regulatory role in the impact of R&D investment on innovation performance of light industry enterprises.This is mainly because the innovation compensation effect of environmental regulation is greaterthan the cost effect.(5)Enterprise size has a significant impact on innovation performance of light industry enterprises.Because large enterprises can provide strong financial support for R&D and obtain more benefits from successful innovation.(6)Taking the intensity of environmental regulation as a threshold variable,it is found that there is a double threshold effect.The impact of R&D personnel and R&D funds on innovation performance shows a "big small big" U-shaped change.The difference is that the threshold values of the impact of different variables on innovation performance are slightly different.According to the research results,this paper puts forward targeted opinions and suggestions on environmental regulation and technological innovation of light industrial enterprises from the government,industry and enterprise levels.Firstly,improve the management mechanism of scientific and technological innovation and separate the decision making power and executive power in scientific and technological management;Scientific and technological innovation system evaluation mechanism;Guide scientific researchers to "focus on technology and practical application" from the perspective of policy,and further improve the transformation level of scientific and technological achievements;Strengthen policy guidance,smooth the transformation of scientific and technological achievements in Colleges and universities,and correctly handle the relationship between government,environment and innovation activities.Secondly,increase the support for R&D personnel and fund investment of enterprises,and effectively improve the use efficiency of R&D funds in light industrial enterprises.In addition,the government and enterprises should establish the concept of green development,innovate the types of environmental regulation tools,appropriately improve the intensity of environmental regulation,and adopt more efficient environmental regulation tools.Research and Innovation:at present,the research on light industry enterprises and light industry is mainly limited to the development strategy of light industry,industrial structure adjustment,industrial layout,operation and management of light industry enterprises,and there is little research on the impact of R&D investment on innovation performance of light industry enterprises.The paper respectively considers the impact of R&D input variables of single variable and variable combination on innovation performance.Due to the lag effect,the panel data dynamic effect model is used for regression analysis to better explain that the R&D investment of enterprises does not directly affect the innovation performance,but indirectly affects the innovation performance through the intermediary role of environmental regulation.Taking the intensity of environmental regulation as the threshold variable,the threshold regression model is used to verify the impact of R&D investment on environmental regulation.