Research On Input And Output Of Enterprise Science And Technology Innovation

According to the report of the Nineteenth Congress,if we want to achieve socialist modernization and the great rejuvenation of the Chinese nation,we must explicitly uphold and develop socialism with Chinese characteristics,adhere to comprehensively deepen reform,and accelerate the construction of an innovative country.Therefore,it requires careful research to analyze innovation activities and understand the innovation process better,so that we can carry out accurately innovation planning and take a firmer path to innovation.Based on the production factor model and the Romer endogenous growth model,this article uses the data of enterprises in Shenzhen from 2013 to 2015 to study the relationship between innovation input and output.This article uses innovation input as a factor of production to study the contribution of various innovation inputs to innovation output.Among them,innovation input includes corporate R&D investment,R&D manpower investment,and government innovation subsidies obtained by enterprises.Innovation output includes three categories: technological innovation achievements,invention patents,and final enterprise performance.In addition,taking into account the different needs of companies in different industries for innovation and innovation results,this article further classifies the industries of sample enterprises,and then compares and studies the relatively high manufacturing and IT industries in sample enterprises.This paper uses statistical description and multiple regression to analyze the input and output of innovation,while considering the lag effect of innovation input.Referring to the existing literature,this paper adopts two methods to consider the lag period.First method is to consider the lag period of one year and use the enterprise's innovation investment of T-1 period to study the enterprise's innovation output in the T period.Second method is to consider the accumulation of lag for one year and use T-1 and T periods weighted inputs to study innovation output in T-period.The study finds that enterprises R&D investment has a significant positive impact on both the enterprises' innovation intermediate achievements and enterprises' performance.The government innovation subsidy also has a weak positive effect on the innovation output of the enterprise.The investment of R&D personnel has a significant positive effect on the technological innovation achievements,but it has a negative influence on the final performance of the enterprise.The study also found that the age of the Enterprises has a significant negative impact on the output of technological innovation achievements,and has no significant effect on the final performance of the company.Enterprise scale has a significant positive effect on technological innovation achievements and corporate performance output.The impact of R&D investment in manufacturing and IT enterprises on the innovation output of enterprises is similar to that of the whole sample,and the impact is slightly stronger than the overall.