Research On The Impact Of R&D Investment On Financial Performance Of Listed Companies In Electrical Equipment Manufacturing Industry

In recent years,the R&D investment of listed companies in the electrical equipment manufacturing industry has steadily increased,but the financial performance has not been significantly improved or even decline.In these contexts,it is necessary to study the mechanism of R&D investment in financial equipment manufacturing companies on financial performance of.At present,the research on the impact of R&D investment on financial performance of listed companies in electrical equipment manufacturing industry is relatively small.Based on the previous research,this paper studies the impact of R&D investment on financial performance for the characteristics of listed companies in electrical equipment manufacturing industry.R&D activities management capabilities and enhance financial performance to provide more accurate and objective comments and suggestions.This paper first elaborates the background and significance of this topic research,and summarizes the relevant literatures at home and abroad.On this basis,according to the accounting standards and laws and regulations,human capital theory and financial performance theory related to R&D investment,R&D investment and other related concepts were defined.Secondly,the present situation and problems of R&D investment and financial performance of listed companies in electrical equipment manufacturing industry are analyzed.Based on the theoretical analysis of R&D investment and financial performance,five research hypotheses are put forward and the model is established.The statistical analysis,multivariate collinearity test,regression analysis and robustness test were carried out on the basis of SPSS21.0,which was based on the relevant theoretical knowledge of statistical analysis,as a research sample of 39 electrical equipment manufacturing companies.The results show that:firstly,the intensity of R&D investment has a positive impact on the current financial performance of the enterprise,has a significant positive impact on the current profitability and operational capacity,and through the significant test,the R&D personnel input strength and the current financial performance relationship is not Significantly.Secondly,the impact of R&D investment intensity on the financial performance of enterprises is lagging behind,lagging behind the impact of one year,and then gradually affect the lag effect.This paper summarizes and analyzes the empirical conclusions,and puts forward some suggestions on the R&D investment decision-making,R&D activities management,R&D product operation and so on,and points out the shortcomings of this paper.