The Impact Of Technological Innovation Investment On Financial Performance Of Enterprises Of Different Scales

The development of enterprises can't do without the innovation of technology,the development of a country is inseparable from technological innovation.Since twenty-first Century,the domestic market and international market competition is becoming more and more fierce,enterprises and countries can develop the economy in this environment is a powerful weapon of technological innovation.In technological innovation,R&D investment is the most important.Whether from the economic competition in the micro individual,or as an economic competition in the whole country,China's current technological innovation in this piece of research and development investment is far less than developed countries.Therefore,to increase R&D investment is a key step for China to gain a foothold in the international market.However,the relevant research shows that the more investment in technological innovation is not the better the development of enterprises.Because of the serious asymmetry of market information and the influence of the two factors,the technological innovation is a very risky activity.The rationality of enterprise scale can effectively reduce the risk to a certain extent,and promote the survival and development of enterprises.Therefore,it is of practical and theoretical significance to study the impact of technological innovation input on financial performance.Under the guidance of the relevant preferential policies of the state and the guidance of financial research,enterprises become the main body of science and technology investment.At the same time,enterprises are also facing fierce competition and cruel challenges.As an enterprise to survive in today's increasingly fierce economic environment,and a firm foothold,it is necessary to actively carry out technological innovation,especially in the R&D investment in this area needs to be strengthened.Technological innovation can not only bring new products of high quality,but also bring high productivity and low production cost.In this way,it can meet the changing consumer demand,with strong technical competitiveness.At the same time,enterprises can take the lead in the occupation of the new product market,access to higher corporate value.In short,the risk of technological innovation,the size of the enterprise can weaken the rationality of this risk,and thus can have an impact on the overall performance of the enterprise,to promote the formation of enterprise value.This paper explores the impact of technological innovation on financial performance,mainly in the case of different sizes.Throughout the study of predecessors,a comprehensive study of the scale of enterprises,technological innovation and corporate performance of the relationship between the th:ree articles less.Basically,many scholars are either studying the role of financial innovation under the influence of technological innovation,and what is the impact of the scale of research on innovation.On the whole,the study of a single impact factors are more.Therefore,it is envisaged that the three will be linked together,using the listed companies in China as a research sample to test the impact of technological innovation on financial performance under different sizes.The conclusion of the study includes the following:In the whole sample group,there is a positive correlation between the investment in technological innovation and the financial performance,that is,the investment of technological innovation will enhance the financial performance of the enterprise.There is a further step between the large sample group,the innovation of technological innovation and the financial performance In the small-scale sample group,there is no linear relationship between technological innovation input and financial performance,that is,in the small-scale enterprise,the technological innovation investment is right in the large-scale enterprise,that is,in the large-scale enterprise,the technological innovation investment is more effective;Financial performance improvement did not play a role.In the summary of the conclusions at the same time,respectively,from the perspective of enterprises and governments put forward the corresponding policy recommendations.Through such a study,we can for our manufacturing industry listed companies on the scale of enterprises to improve and enhance the technological innovation investment for the enterprise to bring the effect.Finally,to give enterprises in the promotion of performance and corporate value is more useful theoretical reference.