Influence of ecological innovation on the financial performance of strategic emerging industries

Abstract

The paper uses DEAmodel to evaluate the financial performance of strategic emerging industries, and uses regression model to analyze the impact of ecological innovation on financial performance. The research shows that R&D expenditure has a significant positive correlation with the financial performance of strategic emerging industries. The coefficient is 0.5036, which is a significant test. It shows that the greater the R&D investment of strategic emerging industries can promote the overall technical efficiency of the industry and promote the industry. The full-time equivalent of R&D personnel has significant financial performance for strategic emerging industries. The positive effect, the coefficient of elasticity is 0.4211, that is, the financial performance of the industry increases by 0.4211% for every 1% increase in R&D personnel’s full-time equivalent, indicating that the investment in basic research can promote the improvement of corporate financial performance; the investment and strategy of environmental pollution control investment The financial performance of emerging industries is negatively correlated, with a coefficient of elasticity of-0.1567; education expenditures show a positive correlation, but the elasticity coefficient and significance level are low, and the elasticity coefficient is 0.0021, which passes the test at the 10% significance level. It has less impact on the financial performance of strategic emerging industries.