The Study Of Relationship Between Technology Innovation And Performance On High Technology Enterprise

In the "new normal" situation of China’s economic development, not only the enterprise’s growth need innovation, but also the sustainable development of a country. Today, the importance of innovation has been generally recognized by countries all over the world, which start to take measures to encourage innovation. The government work report of 2015 points that system innovation should promote scientific and technological innovation. Government should try their best to support basic research, frontier technology and major key technology research, encourage original innovation, speed up the implementation of major national science and technology projects, fully open important scientific research infrastructure and large scientific instruments to the society. Mobilizing the hundreds of millions of people’s wisdom bound to usher in a wave of innovation. Put the strategy of Intellectual Property Strategy action plan into deep effect, respect for intellectual property against infringement, protection inventions effectively, let innovation flourish.The high-tech enterprises lead the thrust of economic development,studying the relationship between their scientific and technological innovation capability and enterprise performance,which will guide the enterprise to make innovation strategy scientifically, improve enterprise’s capacity for innovation, and promote our country into an innovative country further.It has a far-reaching and significant practical. Implement and improve genera policies of R & D expense deduction in the enterprise, and support high technology enterprise,encourage enterprises to increase innovation investment.Enterprise should be supported to participate more in major project of science and technology, and platform construction of scientific research, enterprise should be promoted in leading production-study-research cooperative innovation. the public innovation space should be vigorously developed, more independent national demonstration area should be established, national high-tech areas should play a leading role in innovation.Technology innovation refers to that a new enterprise applies knowledge and new technology, new craft, adopts the new mode of production and management pattern, into developing new products, new services, and improving the quality of products, services, so as to occupy the market share and market value. Technology innovation deeply forces enterprises to improve production efficiency, reduce production costs, improve product market share, and improve product in consumers’ status.The main characteristics of high technology enterprises is high intelligence, high input, high permeability, high competitive, high profitability and high risk. Its market competitiveness mainly comes from the formation of the innovation pattern and the promotion of innovation ability. The enterprise of SME and GEM prospects was unanimously optimistic to the public.So far,High-tech enterprise accounts for more than ninety percent in the listed companies in The SME and GEM.Thus improve the ability of innovation is the only one choice of high technology enterprise in coping with the inevitable market competition, as well as the positive ways in promoting the sustainable development ability in the international competition under the new situation.This thesis selects the ShenZhen SME board and GEM high-tech listed companies, based on 2001-2012 panel data, uses Pearson correlation analysis and panel regression analysis method.After understanding patent situation of high-tech enterprises by using statistical methods in recent years,analysis regression the relevance between three patents of high technology enterprise and the enterprise performance.In this paper, we use the ratio of intangible assets increment account total assets as an input index of the enterprise innovation ability, the number of patents as a measure of output index, take enterprise’s market competitiveness and profitability to measure financial performance, from input and output indexes measure the effect of science and technology innovation ability to enterprise financial performance. This thesis has 5 chapters.Chapter 1 introduces the research background, research significance, review of previous research, defines the relevant concepts, makes out research train and framework of this article, and points out the possible innovations and deficiencies in this paper.Chapter 2 will outline the measures of high technology enterprise innovation. Chapter 3 introduces the performance analysis of the relationship between technological innovation ability and corporate performance. Chapter 4 is the main part of the article,it puts forward the research hypothesis, introduce the source of empirical data, variable selection, the empirical results and analysis, demonstrates the authenticity of assumptions, lastly takes the robustness test. Chapter 5 is a summary of all conclusions in this thesis,and proposes some advice on improving the innovation ability of listed companies, then promoting enterprise financial performance.The results show that the invent patents and utility model patents of high technology enterprise has a significantly "U" type relationship to the enterprise market competitiveness, patents of appearance design and innovation capital investment has a significantly "inverted U" type relationship to the enterprise market competitiveness.The invention patents,utility model patents and innovation capital investment of high technology enterprise have a significantly "U" type relationship to the enterprise profitability, patent of appearance design for corporate earnings power is significantly "inverted U" type relationship. Overall, the technology innovation ability has a certain role in promoting enterprise performance.According to this article research conclusion,enterprise innovation consciousness should be improved,enterprise innovation main status should be strengthen, different measures should be taken in the performance of their respective industry innovation based on the characteristics of different industries,suitable for enterprise independent innovation mode should be selected according to their own characteristics,R&D and non R&D investment should be balanced,structure of innovation resources should be optimized to achieve a comprehensive, coordinated and sustainable development,and incentive mechanism of innovation should be implemented.