Study On Optimization Mechanism Of Firm Innovation

This article examines the optimization mechanism of corporate innovation from the perspective of internal R&D structure.Specifically,the paper draws the following conclusions by constructing a theoretical model,using numerical simulation,and combining high-tech enterprise data tests:(1)From a market perspective,the R&D structure and enterprise efficiency have an inverted "U" relationship.(2)From a social perspective,the R&D structure and social welfare have an inverted "U" shape.(3)Relative to social optimality,the market has a bias in the selection of R&D structures,and this bias is limited by the effectiveness of price competition.When the price competition efficiency is high,the market tends to overinvest in high-risk R&D and ignore low-risk R&D;when the price competition efficiency is low,the market tends to overinvest in low-risk R&D.First,the theoretical part builds an optimal R&D structure decision model,and the core problem to be solved is"whether the R&D structure affects corporate income and social welfare,and whether the market has a preference for R&D structure relative to social optimality".Focusing on this core issue,the model follows the logical path of "framework construction-special case deduction" and finds that the R&D structure is closely related to corporate income and social welfare,but there are obvious differences between the two.Compared with the social optimum,the market has a bias in the choice of R&D structure,and this bias is related to the efficiency of price competition.Secondly,the numerical simulation method and Matlab are used to simulate the theoretical model in the form of exponential distribution.The results show that,on the one hand,there is an inverted "U" shape between R&D structure and corporate income.Similarly,the R&D structure and social welfare have an inverted "U" relationship.On the other hand,the market has a bias in R&D structure selection relative to the social optimum,and this bias is limited by the effectiveness of price competition.When the price competition efficiency is high,the market prefers high-risk R&D relative to the optimal society;on the other hand,when the price competition efficiency is low,the market favors low-risk R&D.Finally,the empirical part takes the 2007-2017 economic data of high-tech listed companies recognized by the country as the research sample,and uses the DEA method to build a three-input,two-output BCC model,using corporate efficiency as the explanatory variable,and corporate patents.Structural agency R&D investment structure is used as the core explanatory variable.Finally,a non-linear regression model is established to verify the impact of R&D structure on corporate efficiency from a market perspective.Research shows that the R&D structure and corporate efficiency have an inverted "U" relationship,and those companies that are actively innovating can only maximize their profits by properly allocating R&D budgets in different directions.Based on the above-inherently consistent theoretical research,numerical simulation,and empirical tests,the research in this paper shows that the market has a bias in the choice of R&D structure relative to the optimal society.It is necessary for social planners to guide companies to weigh R&D structure choices in different directions.They must attach great importance to the main rights of the company's own funds in the internal R&D structure decision-making,and actively introduce some policies to encourage high-risk R&D.We should pay attention to regulating the market order to prevent vicious price competition.