Research On The Impact Of R&D Investment And Equity Structure On Financial Performance In The Electrical Manufacturing Industr

With the increasing development of China’s economy,innovation has become an important force driving rapid economic development.Electrical machinery and equipment manufacturing industry as an important category in China’s national economic industry classification,the industry technology intensity is high,to a certain extent can represent the national industrial economic capacity and quality of life,is an important indicator industry reflecting the level of national industrial development.As a technology-intensive industry,the overall R&D scale of the electrical manufacturing industry is large,and the formulation of R&D strategy and the actual development of the enterprise requires the participation of the whole enterprise from top to bottom,in which shareholders as the main decision-makers of the enterprise,it plays a very important role in the process of R&D policy formulation,so this paper analyzes the data of the A-share listed company on the main board of Shanghai and Shenzhen as the analysis object of the electrical manufacturing industry,and explores the R&D investment in the industry.The relationship between equity structure and financial performance,secondly,by selecting GOTION HIGH-TECH,a representative enterprise in the industry,as a case analysis company,the relationship between the three is studied from a more specific level.It is found that in the electrical manufacturing industry,R&D investment has a negative impact on the current financial performance of enterprises and has a positive impact on the long-term financial performance of enterprises.The equity balance has a positive moderating effect between R&D investment and financial performance,which will aggravate the negative impact of R&D investment on current financial performance.This paper enriches the research on the relationship between R&D investment,equity structure and financial performance in the electrical manufacturing industry,and is helpful for enterprises in the industry to make R&D decisions.