Research On The Impact Of Technological Innovation Of Small And Medium-sized High-tech Enterprises On Enterprise Performance

With the development of economic globalization,technological innovations that can drive the progress of the national economy have gradually been valued by all countries and are regarded as one of the factors that reflect the country's comprehensive competitiveness.Science and technology are the primary productive forces,innovation leads the development of enterprises,technological innovation and scientific and technological progress have become the primary choice for advancing the high quality of China's economy.High-tech SMEs are the main driving force for China's economic development,and its development has also been closely watched by the state and enterprises.Therefore,researching the technological innovation of high-tech small and medium-sized enterprises has important practical significance,not only to enhance the understanding of the importance of technological innovation for the healthy development of enterprises,but also to pay attention to the situation of technological innovation activities and the results achieved by enterprises,and to focus on the impact of technological innovation on business performance.This paper takes small and medium-sized high-tech enterprises as the research object,and sorts out the relevant data of 143 listed high-tech enterprises in SZC's small and medium-sized enterprises in 2015-2017.According to the theory of technological innovation,input-output theory and core competitiveness theory,the company's sales ability is taken as Adjust the variables,discuss the impact of enterprise technology innovation on corporate performance and the adjustment effect of corporate sales ability on the relationship between technological innovation and corporate performance.Among them,enterprise technology innovation is represented by two aspects: enterprise R&D investment and innovation output.The input angle selects three variables: capital investment,personnel input and equipment input.And the innovative output is measured by the number of applications for invention patents;Enterprise performance is described by the composite scores of the three indicators of return on equity,total return on assets,and basic earnings per share;The ratio of the sales expenses of the enterprise to the total assets measures the sales ability of the variable variable enterprise;the control variables are the size of the enterprise and the asset-liability ratio.The article first explains and summarizes the variables,and based on the relevant theories and the correlation between variables,the hypothesis and model construction;Second,using statistical software to descriptive statistical analysis and correlation analysis of variables,and through the statistical methods of multiple linear regression,the relationship between the four indicators of technological innovation and enterprise performance is studied separately,and the adjustment effect of sales ability is analyzed and verified.The hypothesis in the paper draws conclusions from the research.Finally,based on the results of empirical analysis,it puts forward suggestions and countermeasures.It hopes to improve the technological innovation ability of enterprises and improve the performance of enterprises.It also increases the literature foundation for the sales ability of enterprises as a regulating variable,and provides ideas for follow-up scholars' research.The results of empirical research on small and medium-sized high-tech enterprises show that technological innovation will have an impact on corporate performance.The R&D expenditure intensity of the enterprise can positively influence the performance of the enterprise,and the sales ability can significantly adjust the positive relationship between the two;The impact of R&D personnel on corporate performance is not strong,and the blessing of sales ability has not changed the relationship between the two;The relationship between R&D equipment investment ratio and corporate performance is weakly negatively correlated but not significant,and sales capacity has not been significantly adjusted;The number of invention patent applications has a positive impact on corporate performance,and the company's sales ability positively adjusts the relationship between the two.