The Research Of The Factors, Which Influenced The Gem Public Companies’ Abilities Of Technology And Innovation In China

With the fast development of economic globalization, the severe competition from politics, economy, and environment brings more and more challenge and pressure for the companies. Only if the enterprise keeps sustainable ability of technology innovation could it adapt to the market-oriented strategic changes. With the advent of era of "internet+", economicglobalization develops faster and faster. Based on this background, if the gem public companies in China would like to increase the efficiency of production, they need to control and reduce the cost. Then it is a good way to concentrate on developing the innerhigh value-added products. It is reallyimportant for gem public companies to adapt to the transformation through improving the ability of making innovation and converting the products with patent into practical benefits quickly and effectively. What factors determine the gem public companies’ abilities of technology innovation? What measures are useful to improve the enterprises’innovative performance? The answers to those questions are really significant for the sustainable development of economy in our country.After reading a large amount of research reports, including domestic and overseas,I took the basic situation of our country into consideration and made a comprehensive analysis about the factors, which influenced the gem public companies’ abilities of technology and innovationin the paper. In China, the gem public companies appeared in October,2009. The data selected in this paper belonged to a full fiscal year, which had a deadline of 2014. Moreover, the sample data belonged to the ones who were listed for a full year at least. And the amount of available samples is 289. My research selected the multi-index comprehensive evaluation method, the factors analysis method, themethod of creating a model, and the samples of descriptive statistics method. Then I chose the factor of human resource, the investment of technology innovation, the innovation conversion rate, and the factor of environment as the research variables. I finally got a function of technology innovation through calculating the flag value of matrix and the variance of related factors, In terms of the coefficient value of different variables in this function, I could get the conclusion that:the factors of both the R&D and human resource have the most influence for the ability of technology and innovation in a company.Then the factors of innovation conversion rate and capacity of financing have the second highest value of relevancy with the ability of technology and innovation. The support from the government has the least effect on the enterprise’s ability of technology and innovation. On the other hand, this paper could also help the investors understand the factors which influence the ability of technology and innovation in a company more comprehensively. In that case, it could provide more suggestions for investors from the overall perspective.