The Study On The Relationship Between The Input Of Innovation Factors And Enterprise Competitiveness Empirical

For a long time,the contradictions accumulated by investment-driven extensive economic growth have become increasingly prominent.Resource constraints,rising labor costs and environmental problems are prominent.These contradictions will become the bottleneck of sustained and stable economic growth.The low-cost competitive advantage of products made in China is gradually lost,Chinese manufacturing want to maintain or enhance competitive advantage,must be bound to inject new vitality.Innovation is not only an important source of the core competitiveness of enterprises,but also the fundamental driving force for sustainable development.To achieve innovation-driven development and industrial upgrading,we must turn the method which rely on factors such as land,labor and other traditional factors of production to rely on technology,talent and other high-level elements to promote economic growth.Compared to rely on exogenous resources,administrative means,Innovation is the endogenous behavior of enterprises,which provided development momentum from enterprise,can be more lasting and strong to enhance the competitiveness of enterprises.In addition to factors of innovation input,the impact of institutional factors,especially the nature of property rights,on the innovation can not be ignored.As an important part of the national innovation system,state-owned enterprises should be the main force to realize the innovation-driven development.The input of innovation elements involves all the links of the whole process of enterprise's R&D,production,sales,management and service.Therefore,this paper tries to use the input of R & D investment,human capital investment and differential investment as the key elements of innovation input,study the impact of each element of innovation on the competitiveness of enterprises,and explore the driving mechanism of innovation and development in China.This paper traces domestic and foreign related literatures and uses the theory of enterprise competitiveness to analyze the key factors influencing the competitiveness of enterprises: the input of innovation factor resources.Based on the theory of innovation,this paper explores the influencing mechanism of innovation factor input to enterprise competitiveness and the mechanism of innovation factor input influencing enterprise competitiveness under industry difference.Combined with the theory of property rights,this paper studies the mechanism of innovation factor input to enhance enterprise competitiveness under different property rights.Based on the sample of 128 manufacturing listed companies in Shanghai and Shenzhen Stock Exchanges between2011 and 2015,this paper constructs the comprehensive index and sub-index of enterprise competitiveness.Selecting R&D investment,human capital input and differential investment as the innovation factor investment,tests the hypotheses in this paper,and studies whether there are differences in the impact of innovation elements investment on the competitiveness of enterprises under different industries and property rights.The results show that:(1)There is a significant positive correlation between R &D investment,human capital investment,differentiation investment and enterprise comprehensive competitiveness.(2)From the perspective of the competitiveness of enterprises,the impact of input of innovation factors on the scale competitiveness,efficiency competitiveness and growth competitiveness of enterprises is different.(3)the impact of R & D investment on the competitiveness of enterprises in different industries under different.In the biomedical and mechanical industries,R&D investment and business competitiveness showed a significant positive correlation,while in the metal and non-metallic industry results are the opposite.(4)According to the ownership nature of the controlling shareholder,the factor of the innovation element investment of the state-controlled enterprises is greater than that of the non-state-controlled enterprises.Finally,according to the empirical results,this paper puts forward some political recommendations on Innovation factor input.