The Nature, Performance & Innovation Research Of Enterprise

Along with deepening reform of market economy in China since 1978, the strength of the national economy has been increasing for more than 30 years and the development of a diversified economy has shown its obvious superiority. The development speed of every industry has also reached a hitherto unknown height with the growing number of enterprises. The government supports innovation as an important guarantee for the steady and healthy development of economy for overcoming the shortcomings in the process of rapid economic development. More and more enterprises have increased investment in innovation in order to get advantage in the fierce competition in the market. The attention of innovation has reached a high level in the society during a long period. In order to understand the influence on innovation research of company and find a proper method for developing company, the paper is mainly focus on the effects that have influence on innovation and research, such as the nature of enterprise, state of operation and macroscopic economic situation.This paper is based on the listed companies (exp. st& financial companies) in China as sample observation for empirical test. The purpose is to test the influence between areas of innovation, investment and revenue of companies through different economic cycle. The paper develops that the investment will be aggressive while the revenue is increasing,and research& development expense will also be influenced by investment to increase. However, the good economic situation will have negative influence on this regular pattern on scale. By further research of PSM, we find that state-owned enterprises (SOE) have better ability in acquiring revenue than private enterprises, and the research& development expense of SOE are also higher. The gap will also decline by the conflict of financial crisis. Therefore, it is necessary to perfect capital market construction by deducing speculative investment and increasing investment in development and innovation. By the way, increasing support for private enterprises and decrease the social responsibility of SOE is also need.