Study On The Relationship Between R&D Input Strength And Strategic Emerging Industry Performance In Jilin Province

With the transformation of the global economic model,the rapid growth of the traditional economy brought about by the traditional industries has been very limited.It is particularly important to develop new industries and find new economic growth points.Therefore,in order to seize a new round of economic commanding heights,many countries have come up with their own economic development strategies,and have listed the dominant industries with overall,long-term,and orientation as the strategic emerging industries that the country focuses on.In order to cope with the crisis and maintain a stable growth of its economy,the CPC Central Committee immediately held a series of meetings to study the strategic adjustment of the economic structure.In response to the call of the Central Government,Jilin Province,based on its own industrial basis,technological advantages,and resource conditions,heeds government guidance and market-oriented operations,and carries out innovations in technology,management,and institutional mechanisms.The long-term development and industry-led industries that are suitable for the region are listed as the province's strategic emerging industries.It is expected that through the development of strategic emerging industries,we can actively develop new technologies and new products to make China's high-tech industries in the international market.Based on the field,on the other hand,it is also expected to change the province's backwardness in the country.For the development of strategic emerging industries,it is finally implemented to study high-tech companies.If an enterprise wants to gain a foothold in the market,it must master its core competitiveness before it can survive.Therefore,accelerating the technological innovation of strategic emerging enterprises is the goal of long-term development of the enterprise.To achieve technological innovation,we must continue to invest in R & D,which involves two aspects of R & D investment and R & D personnel input,and ultimately reflected in the improvement of corporate performance.However,in the process of transformation of R&D investment into corporate performance,it is often influenced by the ownership structure.The more obvious one is the influence of ownership concentration.That is,the principal-agent problem between the owner and the operator and among the large and small shareholders directly affects the impact of the R&D investment on the company's performance.Therefore,the main objective of this study is to use empirical statistical analysis methods to explore the effect of equity concentration on the relationship betweencorporate R&D investment and corporate performance in strategic emerging industries in Jilin Province.The empirical results show that:(1)There is a significant positive correlation between the intensity of R&D capital investment and the corporate performance of strategic emerging industries in Jilin Province.There is also a significant positive correlation between the input intensity of R&D personnel and the corporate performance of strategic emerging industries in Jilin Province.(2)There is no significant correlation between ownership concentration and corporate performance of strategic emerging industries in Jilin Province.(3)Ownership concentration as a pure negative adjustment variable plays a negative role in regulating the relationship between R&D capital investment intensity and corporate performance in strategic emerging industries in Jilin Province,and equity concentration as a pure negative regulatory variable for Jilin Province's strategy.The relationship between the intensity of the R&D personnel input and the corporate performance of the emerging industries has played a negative regulatory role.After a series of empirical studies,this paper proposes practical policy recommendations based on statistical results and empirical conclusions.For example,establishing inter-agency cooperation mechanisms,improving policies and regulations,encouraging enterprises to innovate and increasing the emphasis on R&D personnel.The equity structure adjustment can improve the corporate governance mechanism,deepen the reform of the state-owned system and build a suitable equity incentive system.The expectation can promote the rapid progress of strategic emerging industries in Jilin Province,more effectively stimulate the rapid rise of related industries in the upstream and downstream industry chains,and then promote the sustainable economic development of Jilin Province as a whole.