Research on R&D investment, patent output and enterprise performance: Empirical evidence from listed Chinese medicine companies

Abstract

With the vigorous development of knowledge economy, scientific and technological innovation has become a strong driving force for the rapid development of TCM industry. Based on the above background, this project will start with listed Chinese medicine companies and explore the correlation between R&D input, patent output and enterprise performance from the perspective of intermediary effect. This study will help enterprises enhance the level of patent output by adjusting the level of R&D investment, so as to improve the efficiency and effectiveness of R&D investment and promote the improvement of enterprise performance. Finally, this project will put forward some constructive practical countermeasures according to the analysis results.