Research On The Impact Of R&D Investment In The Electronics Industry On Financial Performance

China's electronics industry is one of the leading industries of the national economy.It is a large-scale,high-intensity industry with high R&D investment in the high-tech fields,and has a tremendous boost to the sustainable development of China's national economy.The electronics industry can only acquire new technologies and maintain its market competitiveness through continuous R&D investment.However,R&D investment has the characteristics of high risk,long investment return period,and uncertain return time and amount.Therefore,many senior managers with low risk tolerance ability have a very conservative attitude toward R&D investment in order to avoid risks.Therefore,it is very important to study whether the R&D input of the electronics industry has a positive impact on its financial performance and whether the equity incentive has a positive adjustment effect on the impact of R&D investment on financial performance.This article uses 145 listed companies in the Shanghai and Shenzhen electronics industry as research samples,substituting the 2012-2016 R&D investment,stock incentives and financial performance figures into the corresponding models for regression analysis,and concludes that China ' s listed companies in the electronics industry have R&D investment.It has a significant positive impact on its financial performance;equity incentives have a significant positive adjustment effect on R&D investment's impact on financial performance.