Open AccessR&D Investment, Innovation Output and Enterprise Competitiveness: A Perspective of Employee Education
Author(s) -
Liangcheng Wang,
Shengkun Wang,
Tao Peng
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1616/1/012059
Subject(s) - competence (human resources) , business , china , path analysis (statistics) , investment (military) , industrial organization , business administration , management , economics , political science , statistics , mathematics , politics , law
The study examines whether employee education plays a role in firm’s competitiveness, particularly in innovation activities. The innovation activity has two paths: technologic output and the transformation of scientific achievements. Using the sample of 174 listed companies of top 500 companies in china, we find that innovation output and enterprise competence have significant “inverted U” relationship; constrained by efficiency in achievement transformation path, R&D investment has significant negative effect on enterprise competence. Innovation output plays a completely mediating role in the relation between R&D investment and enterprise competence. Employee education has negative regulating effect on the first path, but the study has not found significant regulating effect on achievement transformation path.