| In response to the reform and opening up and innovation creation,all walks of life are paying more and more attention to knowledge and technology.Enterprises are investing more and more in R&D funds and R&D manpower.Efficient use of internal R&D investment and external knowledge spillover has become an important issue for innovation.How to improve the level of science and technology and enhance the ability of innovation to transform into economic benefits is a key issue for the development of the industry.In recent years,China's auto industry has flourished,but due to the differences in knowledge stocks between enterprises,there are still large gaps in innovation capabilities among different companies in the auto industry.How to effectively enhance the innovation ability of the company's own technology and the absorption of external knowledge spillovers has become an urgent problem to be solved in the automotive industry.This paper firstly sorts out relevant theories and research results at home and abroad;Secondly,according to various evaluation indicators of enterprises,it identifies the core and non-core enterprises in the automotive industry,and analyzes the factors that mainly affect the innovation performance of enterprises;On this basis,the paper studies the influence of internal R&D investment and external knowledge spillover on the innovation performance of enterprises,and proposes relevant research hypotheses and design quantity models;Then,based on the panel data of the automotive industry for the period of 2012-2017,from the perspective of R&D funds and R&D manpower,the relationship between internal R&D investment and external knowledge spillover on the financial and knowledge performance of innovation is discussed,and analyzed by the regression results of the measurement model;Finally,according to the current situation of the automotive industry and the empirical analysis results of this paper,the corresponding countermeasures and suggestions are given.The research results show that the same factors have different effects on the core enterprises and non-core enterprises.Non-core enterprise R&D funds investment has a negative effect on financial innovation performance;the rest of the R&D investment has a positive effect on the innovation performance of non-core companies.The coreenterprise R&D investment is positive to the knowledge innovation performance;the core enterprise R&D investment has a negative effect on the financial innovation performance.The external knowledge spillovers of core and non-core enterprises have positively promoted their innovative financial and knowledge performance.The adjustment effect of internal R&D investment is in the different types of enterprises,the adjustment effect of core enterprises is significantly better than that of non-core enterprises;the adjustment effect of R&D investment in different aspects,the adjustment effect of R&D funds is significantly better than the adjustment effect of R&D manpower. |
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