Research on the Impact of Breakthrough Innovation on Enterprise Performance——Take A-share Listed Manufacturing Enterprises as an Example
Taking A-share listed manufacturing enterprises from 2015 to 2022 as the research object,based on multi-dimensional patent evaluation design comprehensive index system,breakthrough innovation was identified,and propensity score matching method was used to explore the impact of breakthrough innova-tion on enterprise performance compared with general innovation,and an intermediary effect model was constructed to test the mechanism of enterprise production cost and production efficiency.It is found that breakthrough innovation has a positive promoting effect on enterprise performance by reducing production cost and improving production efficiency.In large enterprises,the promoting effect is more obvious.