我国的经济发展已经进入新常态时期，当前的经济结构急需进一步优化，未 来的主要发展动力必将转变为创新驱动。而企业作为市场经济的重要组成部分， 经过自身的日常生产和运营，推动着整个社会经济技术的进步。当前企业之间的 较量愈发残酷，不断进行技术创新已然变成企业未来生存发展的不二之选。然而 由于区位、环境等因素的限制，我国西部地区经济发展水平与东中部地区相比更 为缓慢，其技术创新的水平也较为落后。在此背景下，探究西部地区企业的创新 绩效与财务绩效间的关系有着极其重要的理论意义和现实意义。 本文以资源基础理论、技术创新理论和投入产出理论为支撑，首先采用 2010-2017 年的数据，对东部、中部和西部地区上市公司的技术创新活动和总体 财务状况进行对比分析，总结梳理出西部地区企业技术创新和财务状况的现状特 征；其次基于耦合协调理论，从投入和产出两方面构建了企业创新绩效综合评价 体系，从偿债能力、经营能力、盈利能力和发展能力等四方面构建了企业财务绩 效综合评价体系，在此基础上利用 2015—2017 年的数据，运用耦合协调度模型 来分析西部创业板上市公司创新绩效与财务绩效各自的发展现状和演化路径；最 后针对创新绩效与财务绩效发展不均衡的企业，运用灰色关联度模型来分析各内 部要素对其绩效水平影响的大小。研究发现，第一，西部地区企业的技术创新投 入和产出一直保持增长趋势，其总体财务状况也态势良好，但其绝对值始终落后 于中部地区，更远远低于东部地区。第二，西部创业板上市公司的创新绩效和财 务绩效并未得到均衡平稳的发展，其创新绩效始终落后于财务绩效，并且差距逐 年扩大。第三，西部创业板上市公司创新绩效和财务绩效的耦合协调发展水平总 体很低，从2015年的轻度失调衰退阶段下降到2017年的中度失调衰退耦合阶段， 其耦合协调发展状况十分严峻，亟待改进。 最后，从宏观和微观两个角度出发，提出政府应继续加大对西部的扶持力度， 营造良好的创新环境；企业应通过加大创新投入力度来提升其创新能力，并通过 提高营运能力和偿债能力来提升其财务绩效等政策建议，期望能够使西部地区企 业更加稳定健康地向前发展。 关键词，创新绩效;财务绩效;耦合分析;灰色关联度新疆大学 2019 届硕士研究生学位论文 II Abstract China's economic development has entered a new normal stage.The current economic structure needs to be upgraded urgently.The main driving force of development in the future will be transformed into innovation.As an important part of economy,enterprises promote the progress of social economy and technology through their production and operation activities.At present,the competition between enterprises is becoming more and more cruel.Continuous technological innovation has become an inevitable choice for enterprises to survive and develop.However,due to the constraints of location,environment and other factors,the level of economic development in western region is slower than that in central region and eastern region,and the level of technological innovation in western is also slower.In this context,it is more significant to explore the relationship between innovation performance and financial performance of enterprises in the western region. Supported by resource-based theory,technology innovation theory and input-output theory,this paper firstly makes a comparative analysis of technological innovation activities and the overall financial situation of listed companies in the eastern,central and western regions by using data from 2010 to 2017,and summarizes the characteristics of technological innovation and the financial situation of enterprises in the western region;Secondly,based on the coupling coordination theory,we construct the comprehensive evaluation system of innovation performance based on input and output, and the comprehensive evaluation system of financial performance of enterprises based on the debt paying ability,operation ability,profitability and growth ability.Then,we use the coupling coordination degree model to analyze the development status and evolution path of innovation performance and financial performance of listed companies on GEM in the western region by using the data from 2015 to 2017.Finally,aiming at the enterprises with unbalanced development of innovation performance and financial performance,we use the gray relational degree model to analyze the internal factors which impact the performance level.The results show that:Firstly,The input and output of technological新疆大学 2019 届硕士研究生学位论文 III innovation in the western region have maintained a growing trend,and the overall financial situation of the listed companies is good,but their absolute value has always lagged behind the central region, and which is much lower than the eastern region.Secondly,The innovation performance and financial performance of the companies listed on the GEM in western region have not been balanced,and their innovation performance has always lagged behind financial performance,the gap between them has widened year by year.Thirdly,The level of coordinated development of innovation performance and financial performance of these companies in western region is generally very low.From the mild maladjustment recession stage in 2015 to the moderate maladjustment recession coupling stage in 2017,the situation of coordinated development is very severe and needs to be improved urgently. Finally,from both macro and micro perspectives,we propose that the government should continue to strengthen the support to the west and create a good environment for innovation;At the same time,enterprises should enhance their innovation ability by increasing innovation investment,and increase their financial performance by improving their operational capacity and debt paying ability,in this way,the enterprises in the western region can be more stable and healthy. Key words: Innovation Performance;Financial Performance;Coupling Analysis; Grey Relational Analysis新疆大学 2019 届硕士研究生学位论文 目 录 摘要.................................................................................................................................................I Abstract...........................................................................................................................................II 1 绪论.................................................................................................................................................1 1.1 研究背景..................................................................................................................................1 1.2 研究意义..................................................................................................................................2 1.2.1 理论意义..........................................................................................................................2 1.2.2 现实意义..........................................................................................................................2 1.3 国内外研究综述及评价..........................................................................................................3 1.3.1 国外研究综述................................................................................................................. 3 1.3.2 国内研究综述................................................................................................................. 5 1.3.3 文献评述..........................................................................................................................6 1.4 研究内容、思路及方法..........................................................................................................7 1.4.1 研究内容及思路............................................................................................................. 7 1.4.2 研究方法..........................................................................................................................8 1.5 本文的创新之处......................................................................................................................9 2 相关概念的界定及理论基础.......................................................................................................10 2.1 相关概念界定........................................................................................................................10 2.1.1 创业板......................