R&D Investment And Enterprise Performance Of High-tech

The companies would continue normal operation if they could sustained profitgrowth which obtain a strong long-term viability. They have to make a profit to getthe core competitiveness. Nowadays, more and more enterprises have realized thatresearch is the key to improve its core competitiveness of enterprises, which is alsothe lifeline of the enterprise survival and development. However, empirical researchfor the improvement of corporate R&D investment can contribute to businessperformance is not a unanimous conclusion. The previous studies of R&Dinvestment who mostly use R&D intensity indicators to measure, it is inevitable bias,credibility is relatively low, and deal with this issue for further exploration.The paper researches in GEM’s high-tech listed companies in R&D investment,literature review, the R&D investment and technological innovation and R&Dinvestment and the theoretical basis for development theory describes, the use ofanalysis of the empirical research method in2010102high-tech enterprises listed onthe GEM study, the use of the information disclosed in its prospectus and annualreport R&D investment, select the absolute amount of R&D investment as thedependent variable, from two aspects of growth targets and profitability indicatorsprofit from principal operations, the main business income, sales growth, profitgrowth, return on net assets, earnings per share and net assets of seven scalar asexplanatory variables, in order to build the GEM high-tech R&D investmententerprise performance model, an empirical study.Empirical research, we draw the following conclusions: First, the corporate R&D investment increased to give business performance to bring greater growth; better,corporate R&D investment and did not cause the enhancement of the corecompetitiveness of enterprises, did not bring better level of profitability; corporate R&D business performance did not significantly lagged response. Using empiricalanalysis of listed companies to disclose the data and a rigorous mathematical modelhas strong credibility, and between China’s R&D investment and companyperformance is a positive correlation between this controversial topic with some guidance. Finally, according to the conclusions of this paper, China’s high-techenterprises to increase R&D investment, the emphasis on enterprise technologyinnovation and development potential, increase the disclosure of informationregulation, broaden the financing channels for enterprises and other advice, theory forthe high-tech R&D supported.