Research On The Impact Of Coal Enterprise's Reserve Acquisition And R&D Expenditure On Operating Performance

The energy pattern of my country's coal-rich,gas-poor and oil-poor conditions determines that coal plays an important role in the development of the national economy.In recent years,the increasing pressure on environmental protection and the rise of clean energy have made the development of coal companies increasingly difficult.While paying attention to the adverse impact of external macro-politics,economy,and environment on enterprises,coal enterprises should also pay attention to internal operating performance,seek opportunities from them,and promote high-quality development of enterprises.It is of great significance to study the reserve acquisition and R&D expenditure efficiency of coal enterprises and the transmission mechanism of R&D expenditure between reserve acquisition and operating performance.The paper summarizes the relevant literature on the impact of reserves acquisition and R&D expenditure on business performance,and combines the core competitiveness theory and technological innovation theory to analyze the influence mechanism of reserves acquisition on the business performance and the adjustment mechanism of R&D expenditure.Make assumptions among reserve acquisition,R&D expenditure and business perormance,and construct a main effect model and a moderating effect model.The factor analysis method is used to extract the five common factors of profitability,solvency,growth ability,operating ability and management ability to construct business performance indicators.GMM is used to analyze the influence of reserve acquisition on the common factors of operating performance and operating performance,and the adjustment effect of R&D expenditure on reserve acquisition and the common factors of operating performance and operating performance.The empirical results show that the current reserves of coal companies have a significant positive and lagging effect on the total operating performance;the current reserves have a positive and lagging effect on profitability,growth,and solvency,and there is only a positive effect on the current operating capacity Impact,has a negative impact on management capabilities and there is no lag effect.The previous R&D expenditures play a positive role in the total operating performance,debt solvency,growth capabilities,operating capabilities,and management capabilities.The current and the previous two R&D expenditures play a positive role in the acquisition of reserves and the total operating performance,solvency,and operating capabilities.Negative regulation.The research in the thesis points out the problems existing in coal enterprise reserves acquisition,R&D expenditure and operating performance,and specifically proposes to optimize the investment in reserves acquisition to improve profitability;cultivate innovation awareness and promote rapid enterprise growth;balance reserves acquisition and R&D expenditure investment to ensure Motivation to improve business performance;build a high-quality R&D team to enhance R&D sustainability.