Research On The Influence Of Capital Structure Of Real Estate Listed Companies On Company Performance

The strategic outline issued by the CPC and the State Council proposes that relying on innovatiorn to create a new engine for development and fostering new development momentum is the key to promoting industrial upgrading and crossing the middle-income trap.And this innovative form of developing new engines and nesturing new dynamics is breakthrough technological innovation.As the largest province in the central and western economy,Henan Province has a high conribution rate to the economy.However,the breakthrough level of breakthrough technology innovation of private entcrpriscs in Henan Province is low,the innovation ability is insufficient,and the parfect innovation development system is lacking.Therefore,it is extremely urgent to improve the level of breakthrough technological innovation of private enterprises in Henan Province.Based on this,the research of this paper is carried out.This paper introduces the restearch barckground of breakthrougb technological innovation,clarifies the research results of breakthrough technology innovation at home and abroad,and the theoretical summary of breakthrough technological innovation in private entcaprises;on the basis of literature research and data collection combined with the characteristics of private enterprises The development status of breakthrough technological innovation of private emerprises in Henan Province is analyzed from three aspects:the institutional environment of private enteaprises in Henan Province,the development status quo of private enterprises themselves?and the status quo of technological innovation development According to relevant literature,the innovation process of private enterprises The research combines the development status of breakthrough technology innovation of private enterprises in Henan Province to screen out five independent variables such as external environment.organizational structure,human capital,social capital and knowledge integration,and combs relevant literature to identify innovative capabilities and innovative intentions.Variables,with reference to the definition and characteristics of breakthrough technological innovations,explain the measurement items;propose research hypotheses based on the selected influencing factors,construct theoretical models;use structural equations to verify the theoretical models,and obtain path analysis of each influencing factors,In-depth discussion of private enterprises in Henan Province The mechanism of the influencing factors of breakthrough technology innovation in enterprises and the corresponding countermeasures and suggestions.The conclusions are as follows:external environment,structural capital,human capital,social capital and knowledge integration have a significant positive impact on the innovation intention of private enterprises,and social capital has the strongest effect on innovation intention;Structural capital,human capital,social capital and knowledge integration have a positive impact on innovation ability,knowledge integration has the strongest effect on innovation ability,innovation ability and innovation intention have a direct impact on breakthrough technology innovation.The results can be used for reference and ways of improving breakthrough technology innovation in private enterprises.