| The twenty-first century, in the continuous promotion of information technology, modern enterprises are facing unprecedented competitive pressures, more and more companies realize the importance of maintaining a competitive advantage in the marketplace.Chinese enterprises for investment and innovation activities compared to developed countries are far away enough, these are restricting the development of Chinese enterprises in the international market. In our country the great esteem of technological innovation in the new situation, the GEM listed companies should pay more attention to innovation and investment efficiency from the current research related to innovation and investment in academic point of view, less about the companies listed on GEM research, and therefore the GEM listed companies for the study has important theoretical and practical significance.Firstly, the thesis summarizes the previous investment for innovation and profitability research, presented deficiencies of previous studies, and proposed the object of study, research and research methods.Secondly, the article explains the definition of innovation investment and profitability concepts, theories which explain the basis for this article.Through the above interpretation of the concept and interpretation of the theoretical basis of this article will be divided into human resources into innovat ion investment and R & D investment into two areas.Finally, this paper presents the research hypothesis, proposed the existence of corporate innovation investment and profitabilit y relationship of mutual influence, select 2012-2014 Annual Report for research data, by using descriptive statistics and multivariate regression models for business innovation and investment in human resource investment, research and development capital investment and profitability into the mutual influence of the empirical analysis.Through Relationship GEM listed companies between innovation investment and profitability, revealing innovative efficiency of resource allocation, and can provide a good direction for the development of enterprise innovation activities for The Government’s policy to provide a reference. |