Research On The Influence Of R&D Investment On Financial Performance Of Listed Companies In New Energy Industry

In today’s world,the economy is developing rapidly,so that the demand for natural resources is increasing.However,resources are not renewable,and natural gas,coal,oil and other resources have been decreasing,so the crisis of shortage of traditional energy sources is increasing.At the same time,the impact of traditional energy on the environment and the human body is also huge,such as global warming,smog and human respiratory diseases.The emergence of new energy has changed to a large extent the situation of energy shortage,and is conducive to promoting the realization of energy conservation and emission reduction goals in various countries.The new energy industry is an industry that the country is very optimistic about its prospects and strongly supports,and the government attaches great importance to its development.At present,the research on new energy industry projects is not very mature.As an important source of obtaining new technologies for enterprises,R&D activities are increasing investments in R&D to improve corporate efficiency.However,researchers have not reached a consensus on whether R&D investment can have a positive effect on the financial performance of enterprises.Therefore,this article takes listed companies in the new energy industry as the research object to explore whether R&D investment can improve the financial performance of enterprises.By collating and analyzing domestic and foreign literature related to R&D investment and corporate financial performance,this article first elaborates the research background,significance,and methods of this article,and describes related concepts and theoretical foundations.Second,it analyzes the R&D investment and financial performance of listed companies in new energy industries.The current situation is analyzed;then,using the financial data of 120 listed companies in the new energy industry as a research sample,the intensity of R&D investment and R&D staff investment are used as explanatory variables,and the comprehensive financial performance of the company is used as the explanatory variable.The company’s listing age and free cash flow are used as control variables,and hypotheses are proposed and a model is established.Next,SPSS software is used to perform factor analysis,descriptive statistical analysis,correlation analysis,regression analysis,and lag analysis on the variables in the model.The hypotheses put forward;which is followed by a case analysis,taking LONGI Green Energy Technology Co.,Ltd.as a case study object,specifically analyzing the company’s R&D investment and financial performance status,and the impact of R&D investment on financial performance.Through empirical research,this article draws the following conclusions: The R&D investment of listed companies in the new energy industry is significantly positively related to the financial performance of the year,and the impact on financial performance is lagging.The results of the LONGI case analysis also show that R&D investment can promote the improvement of financial performance.Finally,relevant suggestions are put forward.