The Study Of The Influence Of Research And Development Investment On Performance Of T High-tech Enterprise

With the advent of the era of knowledge economy, competition of science and technology has gradually become the focal point that access to national comprehensive competitive power. In science and technology and knowledge innovation priority, it is necessary to retrieve the initiative in the competition. And enterprise research and development activities is not only a key link in the process of innovation activities, is the main source of technological innovation. Enterprises to carry out research and development activities will not only help enhance enterprise competitiveness, is very beneficial in the national comprehensive national strength of ascension, the long-term development of the world economy. High-tech industry create new product applications with knowledge and technology, so they play an important role in promoting China's scientific and technological progress and independent innovation, promote the development of human society. In this background, this paper based on the T high-tech enterprise, analysis the effect of R&D investment in the enterprise from the micro level and enterprise financial perspective. Try to promote the domestic and international competitiveness of T high-tech enterprise by increasing the effectiveness of R&D to improve the enterprise output performance, thus both.Based on widely reading the above literature, this paper summarized the performance of R&D input and output of related researches, the research and development input and output performance of the relevant concepts to define. And based on the theory of Input and Output, Technology Innovation Theory and Human Capital Theory, this paper put T high-tech enterprise as the research object, and build a R&D input and output performance of regression model of T high-tech enterprise. It explored the relationship between input and output of R&D performance through the empirical data from 2002 to 2013 of T high-tech enterprise. In the empirical research process, this paper selected the R&D input intensity and technicians to evaluate R&D investment intensity index, the main business profit margin, return on total assets, earnings per share, copyright and patent rights and other financial indicators and non-financial indicators such as national or provincial number to measure the output performance of T high-tech enterprises. The empirical results showed that T high-tech enterprise R&D input intensity, the intensity of R&D investment on the performance of its output has different impact on different dimensions. According to the result of empirical study, this paper establish internal development mechanism, strengthening the R&D input intensity and its sustainability, the introduction of high-quality talent three aspects put forward relevant policy Suggestions, T high-tech enterprises in market competition to gain long-term advantage has a positive role.