Cross-border R&D Investment Of High-tech Enterprises Innovation Performance Research

Innovation,as the driving force of high-quality economic development in China,has long been an important issue for the government’s work,and it is also an important engine for enterprises to have sustainable competitive advantages.The party’s 20 th report sets new goals for implementing innovation-driven development and winning the battle against key core technologies,and clearly states that China will be the forefront of an innovative country by 2035.The country’s attention to innovation provides a strong policy guarantee for China to realize high-level independence and self-improvement in science and technology.Enterprise as the core force to promote the development of innovation in our country ",there is a lack of core competitiveness,in the global value chain link,at the same time,only with domestic limited technical knowledge,innovation resources cannot meet the ability of high and new technology enterprise innovation strategic objectives,and led by the United States of western countries to China a series of non-trade restrictions,in the market principle of fair competition at the same time,to a certain extent,also limits the high and new technology enterprise innovation ability in China.In Chinese government "going out"strategy and "double gen" under the initiative,more and more enterprises to carry out crossborder research and development investment strategy,through overseas research and development platform,overseas subsidiaries,or with overseas enterprises to establish technical cooperation,learn overseas advanced knowledge,absorb integration covers many areas of innovation resources,using external innovation resources to promote enterprise internal innovation level of ascension.However,in the face of the complicated and changeable international environment and the fiercely competitive international market,whether cross-border R&D investment can really improve the innovation ability of multinational enterprises in developing countries is worth thinking.Therefore,based on the knowledge base theory,organizational learning theory and highlevel echelon theory,the text discusses the following issues in depth: firstly,whether the cross-border R&D investment of Chinese enterprises can improve enterprise innovation performance and test whether there is lag effect;secondly,how the cross-border R&D intensity and cross-border R&D breadth affect the innovation performance and examine the situational variables of the senior executive team to explore how the relationship between the overseas experience and the cross-border R&D investment and innovation performance.Finally,further comparative analysis was conducted from three perspectives of cross-border R&D motivation,enterprise nature and enterprise R&D investment degree,to explore the differential impact of enterprise heterogeneity characteristics on the innovation performance of cross-border R&D investment.