R&D Investment In Science And Technology Enterprises, Characteristic Of Executives And Corporate Performance

Propelled by the high-technology, the developed countries develop their productivity, enhance the international competitiveness and international status since the21st century. So our country have issued a lot of encouraging policies to promote the development of new and high technology industries, to vigorously advance the strategy of science and technology and rejuvenating the country. From the differences of R&D investment on enterprise performance, this paper tries to find the relationship with the R&D investment in science and technology enterprises, executive amplification characteristic and the enterprise performance, in order to promote the benign development of the science and technology enterprises and stable improvement of the national economy.After the financial crisis, the problems of the development of enterprises, financing and low income, has become the common fault of the enterprise development, but science and technology enterprises in all kinds of industry competition sprung up everywhere, Military science and technology, biomedical science and science and technology endowment industry have become the current blue ocean industry, the research on the executives’ characteristics is one of hot topics. Executives characteristics whether can process the function of enterprise R&D investment and enterprise performance play a regulatory role is worth researching topic. The innovation of this article are two points:(1) the existing literature is the direct reference to science and technology more code directly to the empirical analysis of listed companies, and no concrete considering the specific situation of the listed company, the condition of the inconsistent data, in the light of the science and technology enterprises,468listed in item by item, screening, fully studies the current situation of listed companies, asset replacement, restructuring, back-door city, a backdoor listing form change of the main business companies such as filters, item by item, this paper gets392science and technology enterprises.(2) the existing literature research simply innovation investment on the relationship between the innovation performance, R&D investment on enterprise performance problems, and so on, but researching the character of executives based on high order theory on the relationship the R&D between the innovation performance, therefore it also has certain innovative in terms of perspective.The first chapter conduct a comprehensive description of the background; the second chapter systematically introduces related theories and literature; the third chapter is focused on theoretical correlation between the three core variables R&D investment, executives feature corporate performance analysis, and give the research hypothesis; the forth chapter design empirical research, and test hypotheses; finally concluded, R&D investment and firm performance are positively correlated. R&D investment and performance more significant positive as the average age of executives become lower. R&D investment and performance more significant positive as average titles become lower. R&D investment and performance more significant positive as executives do not hold company stock. Executives gender will not affect relations between R&D investment and performance.