Analysis And Research On Performance Stability Of Enterprise Dual Innovation

Internal control deficiencies,financial information distortions,distortions in internal incentive mechanism,and so on are commonplace,and this is a big problem that is enough for a former high-performing company to go to the bottom.Along with the progress of the times and the development of science and technology,the market competition environment faced by enterprises has become increasingly fierce,and business risks have gradually intensified.The internal control system provides a guarantee for the smooth implementation of the daily business activities of the company and the effective control of the enterprise risks,and provides a guarantee for the smooth realization of the overall goal of the enterprise and its invincibility in the ever-changing market environment.Reviewing and combing the relevant literature on internal control,scholars' research on internal control from updates on concept and boundary to practical application,mainly including theoretical research such as internal control concept,construction of internal control evaluation systems,the influenced factors of internal control,and the impact of internal control on other factors.Innovative investment,as a risk strategic investment of the enterprise,is accompanied by greater risks and uncertainties while bringing firm growth.High-quality internal control can effectively improve the performance of enterprises,reduce the fluctuation of enterprise performance,reduce the risks of enterprises,and realize the long-term stable development of enterprises through timely identification,scientific analysis and comprehensive evaluation of various risks and adopting relatively scientific coping strategies.This paper intends to use the risk mitigation model from agricultural economics to research the difference of the direction and extent of the impact of innovation investment on performance and performance stability under the different internal control levels of enterprises.Explore the tendency of the enterprise innovation form and the different influence of the behavior on sales revenue,the influence of the internal control of the enterprise on the innovation input-output process and how can better internal controls maximize the stability of performance and performance in the process of innovation input-output.This model consists of two functions that are interrelated but usually considered separately.The first one is the production function.This paper selects enterprise R&D investment,enterprise capital investment,corporate advertising investment and the total number of employees in the enterprise as explanatory variables.The other is the risk mitigation function.This paper selects the enterprise R&D investment,the internal control level of the enterprise and the interaction between the two as explanatory variables.Used to explain how the enterprise's productive factors and corporate risk mitigation factors act on the mean and variance of the company's sales revenue.This model not only provides an empirical support for explaining how to improve the performance and the stability of performance of enterprises,but also provides an optimized path and solution for enterprise innovation input-output efficiency improvement and fluctuation of innovation investment risk.In addition,the risk mitigation model used in this paper provides a more comprehensive perspective for the subsequent analysis of the dual economic consequences of an activity in corporate research.The basic conclusions drawn in this paper are as follows:(1)The difference in internal control level affects the difference between the R&D input-output process of enterprises directly,mainly reflected in the difference in the degree of promotion of innovation input to sales revenue output.(2)In the case of different expected deviations,including the expected surplus and expected deficit,there are differences in the choice of R&D investment methods.(3)In the case of expected surplus,enterprises with good internal control are more inclined to invest in exploratory innovation,but the effect of this behavior on output variance is not significant.(4)In the case of expected deficit,enterprises with good internal control are more inclined to invest in exploitative innovation,and this innovative investment method can effectively alleviate the risk of decline in sales revenue.