Analysis of the Innovation Capabilities of Technology-Intensive Enterprises and Their Impact on the Real Economy
This paper studies the innovation capabilities of technology-intensive enterprises and explores their impact on the country's real economy.Referring to the common trading component index fitting method in the A-share market,300 samples of technology-intensive listed companies were selected from listed companies and a market performance index that can characterize this group of technology-intensive companies was compiled-"Technology-Intensive Enterprises 300".Based on this,the innovation capabilities of technology-intensive enterprises are explored from aspects such as market performance,industrial structure and regional distribution;at the same time,the impact of technology-intensive enterprises on the national real economy was explored with the help of the construction of VAR model and the analysis of impulse response function.[Conclusion]The overall performance of technology-intensive enterprises is better than that of blue-chip enterprises.Traditional manufacturing enterprises are the main force of technological innovation,and are mainly located in Beijing and the southeastern coastal areas.Their market performance has a positive impact on industry and consumption,which are important components of the real economy,and has the greatest impact on industries with high technological content.