The Relationship between Technology Innovation and Corporate Performance Based on Theory of Dynamic System:An Empirical Analysis of Foreign Companies in China High-Tech Industry

摘要

This paper focuses on the influence of technology innovation on corporate performance in high-tech industry.Based on the relationship model of technology innovation input-output-corporate general performance,a panel data of the sample industry from 1995 to 2004 is used to do a regression analysis.In the analyzing process,the entropy method is introduced to measure the corporate technology innovation output and corporate general performance.It is found that in high-tech industry,corporate R&D expenditure on capital is positive to general technology innovation output and corporate general performance,and R&D expenditure on labor is negative to corporate general performance.Furthermore,R&D expenditure on labor has negative influence on general output of technology innovation in foreign companies.And the general output of technology innovation is significantly positive to the general corporate performance in foreign companies.