Research On The Impact Of The SME Board Listed Company’s Innovative Capacity Of Business Performance

As human the21st century, the world economy shift from an industrial economyto a knowledge-based economy, Environment has become increasingly fierce marketcompetition, improve the innovation capacity of enterprises to become competitiveenterprises looking for a breakthrough. The problems about how to enhance the innovativeability of enterprise and how to make enterprises strive for the initiative in internationaleconomic and technological competition have become the hot topics of the internationalresearches.Along with the constant importance of the enterprise innovation ability,Researching this issue will help to promote the SME enterprises sustained innovativecapabilities, help to improve the competitiveness of the enterprises, help to enhance themanagement of the enterprise performance, thus pointing out the direction for enterprisesto improve performance through innovation.In this context, this paper aims to constituent elements of the relevant issues to sortout and analyze, first expounded innovation capability and business performance of thebasic theory, and then build the SME board listed companies of China’s innovationcapability, And operating performance of SMEs to define and measure, while study themechanism of innovation capacity of SMEs affect business performance, buildrelationships model to the relationship between the selected sample of business innovationcapability and business performance of empirical research.The innovation of this paper is mainly manifested in the following aspectsFirstly,Select the data, the use of2010,2011,2012Annual Report of276listedcompanies, to build a parallel data panel;Secondly, in index selection, the combination ofthe SME board listed company special circumstances, choose to reflect the profitability ofSMEs operating, solvency, and capacity development indicators in four areas,comprehensive reflection of its operating performance and theoperating performance empirical research using factor analysis, the final draw fourindicators to measure business performance. For innovation capacity index, the paper inorder to meet the comprehensive requirements, taking cluster analysisof indicators for secondary screening, Innovation Index nine most representative.Research on the relationship between innovation capability and firm performance, using innovation ability evaluation index of performance indicators in this article do regressionanalysis, regression coefficients and significant levels of various indicators andperformance, and ultimately determine the correlation between capability. Finally,summarizes the conclusions of this empirical research, and based on the conclusions putforward the corresponding policy recommendations; at the conclusion of the studypointed out the inadequacies of the content, and the latter made a study of prospects.