Research On The Effect Of Government Subsidy And R＆D Investment On The Performance Of Medical Device Manufacturing Enterprises

The medical device manufacturing industry has always been one of the key industries in the world.The rapid economic development has continuously improved the quality of life,especially people’s attention to health,which intensifies the process of population aging.In the long run,the market demand of the medical device manufacturing industry will continue to grow.Europe and the United States and other countries started the industry earlier and their products entered the mature stage earlier.Therefore,they occupy a favorable international position in product scientific and technological innovation,which has had a great impact on China’s medical device manufacturing industry.In the face of the severe competitive pressure on China’s medical device manufacturing industry in the international market,strengthening the support for enterprise R＆D investment has become an important development strategy.We continue to promote the all-round and vigorous development of the medical device manufacturing industry through large-scale government subsidy funds for technology R＆D.However,not all enterprises make good use of the above preferential policies,and have not yet recognized the impact of government subsidies and R＆D investment on enterprise performance,making the overall development and competitiveness of the industry weak.In view of the above situation,this paper first arranges the government subsidy policies for the medical device manufacturing industry.In order to understand the specific situation of government subsidies and R＆D investment,this paper subdivides the medical device manufacturing enterprises from the two aspects of capital amount and number of employees.Then,taking the listed companies in China’s medical device manufacturing industry as the research object,select the 2014-2019 data of the industry on the choice financial data terminal,and summarize the data through screening and logarithmic mantissa processing.Then build the model,integrate the three factors of government subsidy,R＆D investment and enterprise performance into the model,and construct the regression equation according to the basic assumptions of each model.Among them,the explained variables take the net profit of main business as the index and R＆D investment and government subsidies as the key influencing factors.Accordingly,five control variable factors are selected to analyze the impact on the explained variables.Finally,the conclusions are sorted into tables,and targeted suggestions are put forward.