Research On The Relationship Of Enterprises R&D Investment,the Structure Of Patient And The Performance

In the “12th Five-Year Plan"period,the global innovation of science and technology was gradually accelerated.,and the developed countries began to make continuous efforts for their own competitive advantages.By the time of 13 th Five-Year,this trend became more and more obvious.New technology,industry and economy gradually changed human life.More and more enterprises are beginning to realize the importance of technological innovation to human life and find business opportunities.Global innovation and entrepreneurship activities are highly active,and the essential elements of innovation are rapidly moving.Innovation is deeply affecting the world pattern.Against such a background,China is facing a great opportunity and at the same time having to face the possibility of widening the gap with the developed countries.In order to make the economic transition smoothly to the New Normal,China has an urgent need for scientific and technological innovation.At the same time,scientific and technological innovation can promote industrial upgrading and transformation,and is the engine of sustainable development.To this end China has issued a series of relevant policies and documents in order to implement the strategy of innovation and development.As the main body of R&D,the important task of Chinese enterprises is to enhance their level of scientific and technological innovation and enhance the quality of their innovation.Only in this way can enterprises get the core competitiveness so that they can remain invincible in the global environment of scientific and technological innovation.The electronic information industry is a high-tech industry dominated by knowledge productivity.Enterprises' patent activities is active,and their products changes quickly and the development cycle is relatively short in the electronic information industry.It can reflect the R&D investment in the performance faster.So the electronic information industry have partly advantages and representativeness to research.Therefore,we choose 89 listed companies in the electronic information industry from 2012 to 2016.The correlation between the R&D investment and performance;the correlation between the R&D investment and thepatent structure;the correlation between the enterprise patent structure and performance;and the moderating effect on the correlation between the R&D investment and the enterprise performance of the enterprise patent structure,these relationship were studied.Combined with the literature review and theoretical basis,the hypothesis is put forward,and the multiple regression equation is tested by the software SPSS 20.0.The results of empirical regression show that the enterprise R&D investment can be influence the enterprise performance in the current and lagging one phase;the R&D investment is positively related to the patent structure of the enterprise in current and lagging one phase;the enterprise patent structure is not related to the performance,but the degree of influence between the number of patent applications and the total number of patent applications to the enterprise performance are different.The enterprise patent structure can moderate the relationship between the R&D investment and the main business income of the enterprise,but the relationship between the R&D investment and the earnings per share of the enterprise can not be moderated.The reasons for these phenomena are analyzed,and the conclusions and suggestions are given.