An Empirical Research On The Relevance Between Enterprise Performan Ce And Technology Innovation Investment Of The Gem Listed Companies

After entering the 21 st century, the importance of technology and independent innovation ability has been deeply rooted in the hearts of the people, only with high-tech and productsof high technology content can the companies occupy the leading position in the competition, and important scientific and technological innovation achievement will lead to the high-speed development of the new economy. Technology and innovation must depend on investment in technology innovation, although R&D may fail, each enterprise increases investment in technology innovation in order to master advanced technology. Only when a company has enough ability to innovate in order to grasp the changing competitive environment and innovate following the future direction in the international market, to become the industry leader in technological innovation in the global competition firstly. National policy or enterprise managers pay much attention to enterprise technology innovation ability.Based on literature concerns the technology innovation investment factors technical innovation investment, and the relationship between corporate performance at domestic and abroad, on the basis of Chinese gem 348 listed companies from 2012 to 2014, the relevant annual data was taken as the research object, this study discusses the gem listed companies in our country research and development investment and the correlation between earnings performance and development performance. In the multiple linear regression model, on the basis of using the descriptive statistics analysis, correlation analysis, multiple linear regression analysis, it is concluded that the relevant analysis and enlightenment, the conclusion is as follows:(1)The gem listed companies R&D investment amount between years shows an increasing tendency year by year, the proportion of R&D expenditure isn't high, the gap between the size is relatively large, demand difference between different companies invested industry technology is also relatively huge, and operating income is large while enterprise R&D investment amount is large; In addition, the enterprise's R&D capitalization rate is very low, every year, more than half of the enterprise will be R&D costs. Therefore, our country the gem companies need to continuously increase investment in R&D funding and capitalized them.(2)There exists significantly negative correlation relationship between research and development investment and the current profitability of enterprises, whereas there is no obvious correlation between research and development investment and the performance indicators of the current enterprise development ability.(3) Research and development produces hysteresis effect on the profit of the enterprise performance indicators, and research and development investment lags significantly positive related to 1 year earnings performance indicators, and the lag of 2 years of influence is more significant than the effect of lag of 1 year.