Export Intensity,R&D Intensity And Business Performance

In China such a emerging economy at the stage of transitional economy,how the overall manufacturing industry,labor-intensive,capital-intensive and technology-intensive enterprises raise export intensity to increase business performance,whether the export intensity through the mediating effect of R&D intensity,and whether through the moderating effect to R&D intensity influence the business performance,whether there is an optimal export intensity in the different industries? These problems,the existing literature is lack of research.With the continuous development of economic globalization,more and more enterprises in our country are becoming more and more internationalized.Adapting to the changes of the world economic situation and improving the performance of Chinese enterprises has become an urgent task.Therefore,the paper uses Chinese large and medium-sized industrial enterprises as an example,based on the overall manufacturing industry and different industry,to study the relationship of export intensity,R&D intensity and business performance,explore the internal mechanism how Chinese overall manufacturing industry and three different types of manufacturing enterprises' export intensity,R&D intensity and business performance mutual influence,clear the intrinsic mechanism how enterprises' export intensity,export intensity through the mediating effect of R&D intensity,as well as export intensity through the moderating effect of R&D intensity have an impact on business performance,explore the optimization of the export intensity of Chinese enterprises of different industries.It not only can help to provide a theoretical basis and reference to define internationalized strategy and developmental strategy for different types of Chinese manufacturing enterprise,but also be conducive to the enriching and developing enterprise internationalized and developmental theory.Firstly,the paper reviewed the impact of export,export intensity on business performance,the influence of R&D intensity on business performance.Then thepaper summarized the literature review on the relationship among export intensity,R&D intensity and business performance,so as to provide a theoretical foundation for the analysis and research for this paper;Secondly,this paper put forward the theoretical analysis mechanism and statistical description on the export intensity,R&D intensity and business performance,combining the actual situation China of large and medium-sized enterprises and industrial classification based on the difference of industry;Finally,this paper picked Chinese large and medium-sized enterprises of 28 industries in 2004-2014 as the total sample,and divided them into labor intensive,capital intensive and technology intensive sub samples according to industrial factor intensity,using hierarchical regression econometric analysis to study the mediating and moderating effects between the enterprise export intensity and R&D intensity on the impact of enterprise performance to verify this theory hypothesis,from the perspective of the overall level and industry level.The empirical results shows that:(1)For labor-intensive enterprises,export intensity has a negative impact on business performance,and it affects business performance through the moderation between it and R&D intensity;(2)Without considering the moderating effect between export intensity and R&D intensity,there is a significant positive correlation between R&D intensity and business performance for the overall manufacturing enterprises;(3)Without considering the moderating effect between export intensity and R&D intensity,there is a significant negative correlation between R&D intensity and business performance for the technology-intensive enterprises;(4)Manufacturing enterprises and labor-intensive enterprises have the maximal export intensity.On the one hand,China mainly is in the low-end links in the global value chain,the products have low added value and the enterprises have little profit.On the other hand,due to Chinese enterprises' comparative advantage mainly lying in labor intensive or low capital and technology industries,R&D intensity is rather lower than developed countries,so Chinese export competitive advantage is easy to be replaced by other countries.Compared with the existing research at home and abroad,the main innovations of this paper are:1.Innovation of research contentThe main concern of the existing research is the export enterprises compared to non-export enterprises whether effect the business performance more,or increasing export intensity how to improve the productivity of the enterprise,and rarely taking China for research object to study the relationship between export intensity andbusiness performance.This paper focuses on the influence mechanism of Chinese enterprises' export intensity and R&D intensity on business performance,and on this basis,mainly ueses Chinese overall manufacturing industry and labor-intensive,capital-intensive,technology-intensive three different types of manufacturing industry as example,empirical study the difference between on the effect comparison of different types of manufacturing enterprises' export intensity,R&D intensity on business performance.This paper makes an empirical study on the optimal export intensity effecting the enterprises' busness performance through the moderating effect of R&D intensity.2.Innovation of research methodsPrevious studies have focused on the relationship between any two of export intensity,R&D intensity and business performance.There is a relative lack of research on mediating effects or moderating effects.The paper draws R&D intensity as the mediating variable and export intensity as the moderating variables into the research with business performance,study the relationship of Chinese overall manufacturing industry,labor-intensive,capital-intensive and-technology intensive enterprises' export intensity-R&D intensity-business performance.