Research On The Factors That Affect Market Performance Of High-tech Industry In China

The science and technology is having the rapid development in modern world. Being the globalization of world economy and continuous improvement of the integration process, the competition between countries or regions is expressed as the field of knowledge-intensive and technology-intensive industries. High-tech industry plays more and more important role in the national economy and becomes an important driving force for the future economic development. Developing High-tech industry vigorously, Adjusting the industrial structure actively, changing the mode of economic development, carrying out China’s economic leaps and bounds, is undoubtedly the strategic choice of China to achieve sound and fast economic development. Technology is a core strength for High-tech industry to develop. Technological innovation has become the inner driving force for China’s High-tech industrial development. But so far, the High-tech industry in our country is showing that the core technology in the independent intellectual property is not strong, the independent R&D efficiency is not high, the efficiency of resource allocation is low, the export in High-tech industry is less competitive. And these factors restrict the development of the High-tech industry in our country. Our country firstly referred the independent innovation to the national strategic level in2005, and suggests that "we should be to build China into an innovative country", which is our strategic objective. To achieve these strategic goals and enhance the ability of technological innovation and international competitiveness of High-tech industry fundamentally, we must optimize the resources of technology innovation and improve market performance level of High-tech industry in China.As the main representative, Mason and Bain founded the Harvard School, which was Structure (S)-Conduct (C)-Performance (P) analysis paradigm. It has been the mainstream school of industrial organization theory. The paradigm is that market structure determines market conduct in a given market structure, market conduct determining market performance. Later, the theoretical paradigms amended and supplemented by Chicago School, as well as Game theory and other methods of new industrial organization theory focused on corporate strategy behavior, had a huge impact on the modern theory of industrial organization. But SCP Model of Harvard School is still an effective tool for Analyzing industry、market and enterprise in the industrial organization theory. The paper’s study object is market performance, High-tech industry in China as it’s carrier. Firstly, the paper introduces the research literature and theoretical review on market performance of High-tech industry in China, the efficiency theory and the efficiency of measurement methods, which is the theoretical basis for the subsequent analysis; Secondly, basing on the "Statistical Yearbook of China’s High-tech industry (2003-2010) data, the paper analyzes quantitatively the market profit rate of High-tech industry in China. and using the DEA analysis, the paper Measures the technological innovation efficiency of China’s High-tech industry; Again, basing on the SCP theoretical paradigm of Harvard School, combining with economic transition period in China, taking into account the characteristics of High-tech industry, the paper builds the SSCP analysis framework with adding the property structure,which is the basis for qualitative and quantitative analysis of market performance influencing factors for High-tech industry in China; Finally, basing on SSCP analysis framework, the paper establishes the panel data model, which empirically analyzes the relationship between market performance and industrial concentration、barriers to entry、R&D intensity、 property structure, and puts forward relevant suggestions to enhance market performance level of High-tech industry in China.