An Analysis Of Chinese Electronic Information Listed Company Between Technological Innovation Capability And Business Performance

With the advent of technology and the rapid development of innovative information technology era,technological innovation activities on business performance and the country's economic growth play a vital role.Modern enterprises are facing dramatic changes in the competitive environment.Technical innovation and the intensity of investment allocation for survival and sustainable development of enterprises have a decisive role.In this economic situation,the rapid development of electronic information industry,which ranks first in the domestic industrial sector,and has become an important strategic industry.It plays a very important role of Chinese economic development,upgrading and improving national competitiveness,and many other aspects.It has been the leading industry in our national economy.However,there are few research on China's electronic information technological innovation capability by making distinction between the different stages of the life cycle.So,the point of view of this article is from listed companies in Chinese electronic information industry,making empirical analysis at different stages of technological innovation capability and business performance.There are three cash flow forms of business-related activities: cash flow of operating activities,cash flow of investing activities and cash flow of financing activities.Making a reasonable judgment on the different stages by the symbol combination has some theoretical and practical significance.This article is divided into six parts.The first part is introduction which introduces the topic of the research background,significance,research methods,literature review and innovation points.The second part: the relevant theoretical basis which introduces the concepts of technological innovation capability and measure,the two aspects of business performance,the life-cycle theory,the input-output theory,core competence theory and so on.The third part: theoretical analysis and hypotheses.Considering the characteristics of each enterprise life stage,making analysis on the corresponding stages,and proposing hypotheses for each cycle is very urgent.The fourth part: research design.This section describes the method of sample selection and data collection,how to properly divide the electronic information industry listed company's life cycle and how to set according variable factors.Principal component analysis method was used of processing,and then model.The fifth part: the test results and analysis.By making descriptive statistical analysis,correlation analysis and the regression analysis among the variable factors,we can gain the results.The sixth part: conclusions and limitations.In this part,the research results are summarized and put forward specific recommendations.According to the existing problems of the article,we can explore the future direction of research.This paper selects the listed companies in Chinese electronic information industry 2010--2014 five-year data,by distinguishing the three stages,we can conclude the relationship between technological innovation capability and business performance from the perspective of theoretical and empirical analysis.The results show:(1)In formative stages,R&D investment and business performance is positively correlated;technical personnel and business performance ratio has no significant correlation;capital expenditure ratio and business performance is negatively correlated.(2)In mature stages,R&D investment and business performance is positively correlated;technical personnel and business performance ratio has no significant correlation;capital expenditure ratio and business performance is positively correlated.(3)In mature stages,R&D investment,technical personnel,and capital expenditure ratio business performance ratio have no significant correlation.Based on previous research results and my great efforts,I hope I can achieve this following innovative aspects:(1)In order to fully reflect the business performance of Chinese electronic information industry listed company,we select multiple indicators to represent the business performance,and make principal component analysis to get the comprehensive evaluation value,which reduces the influence of subjective evaluation of research results;(2)By introducing the enterprise life-cycle theory,we can enrich the scope of technological innovation capability and business performance,which makes the results more accurate and more persuasive;(3)This paper is based on analysis of Chinese electronic information industry listed companies.Most of the electronic information industry enterprises are consisted of high-tech enterprises,which have close relationship between technological innovation capability and business performance.However,there are few analysis of Chinese electronic information industry,the study of it is particularly necessary.