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Impact of Diversification on Enterprises Innovation

机译：多元化对企业创新的影响

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This paper selects 632 manufacturing listed companies in 2015 and divides them into four categories according to the Wrigley classification method.By analyzing the conduction path of diversification influence on technological innovation, this paper studies the influence of different diversification types on R&D investment, and explores the relationship between diversification and innovation capability.The empirical results showed that the innovation ability of the diversified enterprise is weaker than that of the specific one;the diversification of non-related diversification inhibits the company's technological innovation activities;the higher the degree of diversification, the lower the innovation ability of the enterprise.Thereby the study provided some suggestions and hope it's beneficial for enterprises to further improve their R&D capability.
机译：本文选择了2015年的632家制造业上市公司，按照Wrigley分类法将其分为四类。通过分析多元化对技术创新的传导路径，研究了多元化对研发投资的影响，并探讨了多元化对研发投入的影响。实证结果表明，多元化企业的创新能力弱于特定企业;非相关多元化的多元化抑制了公司的技术创新活动;多元化程度越高，多元化的创新能力就越强。从而为企业进一步提高研发能力提供了有益的建议。

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