Analysis On The Moderating Effect Of Technical Innovation On Effective Supply And Financial Performance

As the pace of supply-side reform in China accelerates and deepens,enterprises begin to deal with structural problems in different ways,such as reducing enterprise costs and reducing excess capacity.Among them,increasing technological innovation and improving effective supply are very important ways to improve financial performance.Therefore,how to select technological innovation measures to increase effective supply is very important.Become a key factor in whether the enterprise can maintain long-term and sustainable development in today's multi-creative society.This paper takes the listed enterprises of machinery and equipment in the Yangtze River Delta as an example to study the effect of technological innovation on effective supply and finance.The regulating effect of the relationship between performance and performance.In this paper,the technological innovation,effective supply and financial performance are studied firstly,and the index of this paper is chosen reasonably.Secondly,this paper summarizes the relationship between effective supply and financial performance,technological innovation and financial performance,as well as combing the relationship among effective supply,technological innovation and financial performance.Finally,based on innovation theory,supply theory and endogenous growth theory,the hypothesis of this paper is proposed,and the model of this paper is designed.This paper selects indexes from four aspects of profitability,solvency,operation ability and growth ability to carry on principal component factor analysis to get the dependent variables of the article.Analysis of relevance,regression and robustness.Then the following conclusions are drawn: effective supply positively promotes enterprise financial performance;technological innovation has a positive impact on financial performance;taking technological innovation as a regulating variable,the positive effect of effective supply on enterprise financial performance is more obvious.Finally,some feasible suggestions on the content of this paper are put forward.