An Empirical Study On The Relationship Of Environmental Dynamism, R&D Investment And Corporation Performance

Nowadays technical innovation is highly concerned among people, technical innovation is the power and the fundamental source to achieve business growth, the progress of science and technology and the national development. The R&D investment of enterprise is the most important means to achieve technological innovation. The target of the R&D investment is to improve revenue and reduce costs, Only in this way, the Enterprise could develop forward and keep competitive advantage in future. What is the impact of the increase of the R&D Investment to the growth of corporation performance in the post-crisis era? And what is the relationship of them? All in all is the purpose and the content studied in the article.870enterprise data samples from174listed companies during the past five years were studied. The data samples were classified by full sample, High-tech enterprises and state-owned enterprises, and all of them were studied by theoretical analysis and empirical research. The relationship of the corporation performance, the environmental dynamism and the R&D Investment was analyzed by multiple linear regression model, and four conclusions were put forward. To start with, the environmental dynamism of the enterprise is conducive to the development of enterprise in the post-crisis era. Secondly, the relationship between the environmental dynamism and the corporation performance is negative correlation, this situation appeared in full sample enterprises, non-high-tech enterprises and non-state-owned enterprises, but to the high-tech enterprises the case is converse, while there was no significant effect to state-owned enterprises. Thirdly, the relationship between the R&D investment and the corporation performance is S-type, this situation appeared first up then down again up of S-type in full sample enterprises, high-tech enterprises, state-owned and non-state-owned enterprises, while the situation showed first down then up again down of S-type in non-high-tech enterprises. The phenomena indicates that reasonable investment is the way to get high corporation performance. Last, the influence of the enterprise environment dynamics in the post-crisis era and R&D investment on enterprise performance comprehensive effect is positive. R&D investment is a effective way to offset the negative impact of environmental dynamism on enterprise performance. In the end, several suggestions were put forward. On one hand, the government should raise policy to support enterprise innovation, and extend funding sources to support enterprise innovation. What is more, the cooperation system of production, learning and research should be founded. On the other hand, the evaluation and management system of the enterprise environment should be founded and improved in enterprise. Reasonable R&D investment as well as innovation capability are important way to improve corporation performance.