Research On The Impact Of Technological Innovation To Enterprise Performance

China's economic development has entered a new normal,the growth rate has shifted from high growth to medium growth,the development model has shifted from scale speed to quality efficiency,and the driving force of development has shifted from factor-driven and investment-driven to innovation-driven,so innovation has become the first driving force for development.With the advent of the era of "Internet plus" "Big data" and“5G”,various industries are increasingly relying on the data analysis and network services of the information technology industry,which plays an important role in the economic development process.From the development of ZTE and Huawei,it can be seen that products in the information technology industry are upgrading rapidly,and the technology content of products is becoming more and more abundant,which requires strong technological innovation capability as the support.This paper makes an in-depth study on the information technology industry technology innovation's influence on enterprise performance and the regulating effect of corporate governance.The purpose is to provide effective Suggestions for the technological innovation and development of the information technology industry,so as to improve business performance,promote the sustainable development of the information technology industry and promote the development of our country economy of high quality.Taking listed companies in the information technology industry from 2011 to 2017 as samples,this paper studies the impact of technological innovation on enterprise performance through descriptive analysis,correlation analysis and multiple regression analysis,taking enterprise performance as the explained variable and the proportion of r&d personnel and r&d intensity as the explained variable.This paper studies the moderating effect of corporate governance on the impact of technological innovation on corporate performance by taking the ownership structure,board structure and relevant indicators of the executive team of corporate governance as moderating variables.The results show that the proportion of R&D personnel in China's information technology industry has a significant positive impact on enterprise performance,while R&D intensity has a negative impact on enterprise performance.In terms of the test of the moderating effect of corporate governance,the degree of equity balance,the proportion of independent directors,the proportion of executive shares and executive compensation have significant positive moderating effect on the impact of technological innovation on corporate performance.The degree of ownership concentration and the scale of board of directors have significant negative moderating effect on the impact of technological innovation on enterprise performance.Based on the research conclusion,the paper puts forward some countermeasures and Suggestions.At the level of equity,the concentration of equity should be optimized,and the mechanism of equity balance should be improved.At the board level,the scale of the board of directors should be appropriately expanded to play an active role of independent directors.At the executive level,the shareholding ratio of senior executives should be increased and the incentive mechanism for senior executives should be improved.