Research On The Relationships Between Learning Ability And Innovation Performance Of Gem Board Companies

Listed companies in Growth Enterprises Market board are the representatives of the medium-size and small-size high-tech enterprises in China. Researches on the relationship of learning ability and innovation performance among companies in the field, are beneficial to the supplement of the empirical research on the innovation performance, and also beneficial to provide the evidences of the enhancement of the independent innovation among companies in China. To choose an aspect of learning capability to study innovation performance, is meaningful to enrich the researches on the factors of innovation performance.In this paper, the theories at home and abroad are traced back, listed and summarized. The research presuppositions come through the discussion of theories.252sample companies are chosen among the listed companies in Growth Enterprises Market board. Combined with annual reports and Guotai’an database, nearly two thousand sample data are collected. In this paper, the whole sample data are analyzed according to industries through descriptive statistics and regression analysis. Not only the whole sample data from Growth Enterprises Market board are analyzed, according to the size of the sample, the two big industries, the manufacturing industry and the information technology industry, are also under deep analysis. The empirical research proves some hypothesis and comes to some conclusions. According to the research in this paper, the improvement of the learning ability of listed companies in Growth Enterprises Market board has a significant impact on the innovation performance. The R&D expense input also has a significantly positive impact on the innovation performance, but the R&D staff input does not have a significant influence. The size of the company is also significantly negative to the innovation performance. The industry effect has influence to some extent, but not significantly.In this paper, it is said that the enterprises can improve the learning ability, increase the R&D expense input, relocate the R&D staff input and so on to improve the innovation performance. The government can improve the incentive policies of R&D allowance to encourage the enterprise innovation performance. To help the enterprises adapt to the changes in circumstances, having a knowledge of learning ability and encouraging the technologic progress is beneficial to the innovation performance. The improvement of learning ability is a way to realize inner growth and improve the efficient and effect of the innovation.