Research On The Technological Innovation-based Growth Mechanism Of Optoelectronics Firms

The firm's growth is a forerunning issue and one of the major contents of theory of corporate management. Both domestic and foreign scholars have paid more attention to the issue of growth of high-tech firms. The core production factors of High-tech firms are knowledge and technology, and high-tech firms are characteristic of knowledge and technology intensive. Therefore technological innovation is importance to the survival and development of firms. Optoelectronics firms are emerging high-tech firms, which have been developed over last decades. The paper sets optoelectronics firms as the objectives of research, and aims at researching superficially the technological innovation-based growth mechanism of high-tech firms.Firstly, the paper reviews individually the theory of technological innovation and firm's growth. Then based on the review I find that current research lacks of the positive explanation of the contribute of technological innovation to the growth of high-tech firms in spite of the abundant research on technological innovation and firm's growth.Secondly, the paper analyses qualitatively the motivation mechanism of optoelectronics firms' growth based on technological innovation.Thirdly, according to the life cycle theory of firms, the paper analyses the function mechanism of technological innovation during the various stage of the development of optoelectronics firms.Fourthly, the paper provides an investigation of the relationship between technological innovation and optoelectronics firms' growth by a positive method. The data of the positive analysis is from 2001, 2002 and 2003 annual reports of 21 listed optoelectronics firms in Taiwan. The analysis sets net sales income and added value of total assets as dependent variables individually, and a group of variables, which represent the input of technological innovation activities as independentvariables, then investigates the relationship between dependent variables and independent variables by regression method. The conclusion of positive analysis indicates that net sales income and added value of total assets significantly depends on expenditures of research and development.