The Study Of Relationships Between Organizational Capital,R&D Investment And Firm Performance

In our traditional economic theory,the difference in performance between companies comes from the external market structure.However,a large number of phenomena and studies have shown that the endogenous phenomena of corporate performance differences are significant.In the enterprise,knowledge is the source of economic efficiency improvement and development,and the company's valuable knowledge is often embedded in the individual's experience,skills or cognition.However,it is not enough if we only emphasize the individual attributes of knowledge rather than organizational attributes.This means that the construction and development of organizational capital can well achieve the protection of human capital of enterprises and promote the sustainable development of enterprises.Therefore,for Chinese companies,there is an urgent need to consider performance improvement from the perspective of internal organization.As the basic support for the existence of the enterprise,the organization of capital makes the company's internal differences,and gradually become an important foundation for the survival and development of the enterprise.However,many enterprises in our country neglect the management of knowledge and information in the enterprise,resulting in the company's many businesses can only be suspended after the core employees leave.Because the rest of the employees cannot master this business,the company can only spend time and energy again.Obtaining the knowledge and information needed for this business,if the company frequently appears this situation,will inevitably lead to the company's operating efficiency is low.As a collection of knowledge and information in the enterprise,organizational capital,as an important part of intangible assets,is favored by more and more scholars.However,how the relationship between organizational capital and corporate performance and how it helps companies achieve competitive advantage is also a challenging area of research.Through combing and analyzing relevant documents,this paper believes that the organizational capital owned by the company does not directly affect the performance of the company.On the contrary,it will first of all affect the company's investment in the company,and first improve the company's ability to innovate.Further promote the growth of the company's performance.This article combines theoretical and empirical research methods based on intellectual capital theory,knowledge management theory and enterprise competence theory.With R&D investment as an intermediary variable,the impact of organizational capital on firm performance was analyzed,and the mediating effect of R&D investment was explored.This dissertation is composed of the following six chapters:The first chapter is the introduction part of this paper.We first explained the research background of this paper,and then explained the research significance of this paper from the perspective of theory and practice.The second chapter is the literature review section,which summarizes and summarizes the main representative views of organizational capital in the past by domestic and foreign academics.The third chapter is a theoretical review of organizational capital and corporate performance.In this chapter,we first define the concepts of organizational capital,R&D investment and corporate performance clearly.Then we introduce the value characteristics of the independent variable organizational capital.Finally,we explain the main theoretical sources of this article.After laying the groundwork for the previous three chapters,this paper proposes four hypotheses in the fourth chapter.The fifth part enters the empirical test.First,determine the explanatory variables,measured variables of the explanatory variables and control variables,and then sort the collected data to obtain the balanced panel data.Empirically test the research hypotheses proposed in the previous article.The sixth part is policy recommendations.After the analysis and demonstration in the previous chapters,we have demonstrated the research hypothesis of this paper and reached a conclusion.Then we put forward some suggestions and improvement measures for Chinese companies in improving organizational capital management efficiency and increasing research and development capabilities.Future research prospects in the field have provided further expectations and hope to contribute to the theoretical community and the business community.This paper adopts the latest data of Chinese A-share listed companies from 2010 to 2015,borrows an intermediary model,and uses linear regression analysis to study the relationship among organizational capital,R&D investment,and corporate performance.The empirical results show that: organizational capital has a significant positive impact on corporate performance and R&D investment;R&D investment also has a significant impact on corporate performance,and R&D investment plays a “bridge” role between organizational capital and corporate performance.That is,it has some mediating effects.Therefore,enterprises should pay attention to the development and management of the organization's capital.At the same time,they should also increase research and development and improve the level of performance.