Research On The Relationship Between Performance And R&D Investment Enterprises In Machinery Manufacturing

In the recently years, our country has been encouraged to develop the strategic emerging industry, the key of which is innovation. R&D investment is the driving force of developing the industry innovation. Our country, as the biggest commodity producer and the second aggregate economy the world, has the sound and independent industry system. With the coming of 21 century, the industrial economy has been replaced by the knowledge economy and becoming the mainstream of economic development in the world. The change of technological innovation is fast and the market competition is more and more fierce. Therefore, it’s vital for the enterprises to take the command of core technology. However, the innovation ability of our enterprises in our country is not strong, the core technology is less, mechanisms, regulations and so on are not perfect. All these factors has restricted the development of technology innovation in our country. Only does the enterprise constantly improve its own core competitive ability to be ahead of the level of others, it can stand in an invincible position in the market. To build up the enterprise core competition ability, one must stand the test of time and market. In addition, it must advocate to develop advanced technologies that has its own characteristics and the competitors can hardly imitate or exceed. Enterprises are the main body of R&D investment. Increasing the research relationship between enterprises performance and R&D investment is able to make enterprises realize the importance of R&D investment. In our country, the Mechanical Manufacturing Industry is the fundamental business and there is a pressing for improving the technical level of the Machinery Industry toward a higher, efficient, energy-efficient developmental direction. Therefore, this thesis taking Mechanical Manufacturing Industry for example to study the relationship of R&D and the enterprise performance.This thesis base on the previous researches and adopts some theories of economics, study the relationship of research development and the enterprise performance by way of collecting relevant figures and analyzing of certain cases. This paper uses the Mechanical Manufacturing Industry from 2010 to 2013 R&D related data and relevant financial indicators of listed companies, choosing the research investment, R&D investment intensity as standards to evaluate company’s investment, and using the total return on assets Earnings per share as the performance indicators for the enterprise to set up a multiple linear regression model.The results show that:machinery manufacturing enterprise performance and significant relationship between R&D investment, increased R&D investment can bring better benefits for the enterprise. The higher turnover of current assets in the enterprise, funds will be more efficient used, the higher capital efficiency, R&D spending can be effective and rational used, Enterprise performance is better. Machinery manufacturing and research and development activities impact on performance is lagging, this lag period of about two years, in which the intensity of R&D investment can better represent corporate R&D capabilities.Finally, this paper makes a simple analysis of the existence of their own inadequacies and the prospects for future research, and put forward suggestions on relevant policy machinery manufacturing enterprises R&D investment in this paper based on the conclusion of the study:1,to improve the ownership structure, vigorously support the development of non-state-owned components in mechanical manufacturing.2,improve the construction of market economy system, improve enterprise’s R&D investment enthusiasm.3,specification of machinery manufacturing R&D investment in the disclosure of information to improve the quality of information disclosure.4,for market-oriented research and development activities, to avoid emphasis on form and ignore the fundamental demands of the development.5, vigorously develop core technology, research and development of high-end, high efficiency, energy saving and environmental protection products.