Empirical Analysis on Innovation Capability of Chinese Motor Industry Listed Companies Based on Competitiveness Vision Angle

Innovation has very important influence over the competitiveness in the long-term development vice versa. So, this paper makes an empirical analysis on innovation capability of Chinese motor industry listed companies based on competitiveness vision angle. This paper not only constructs competitiveness evaluation index system of the listed companies in motor industry including five factors: profitability, ability to obtain cash, solvency, operation ability, development ability, but adopts evaluation method by entropy method to analyze the competitiveness on the 40 Chinese listed companies in motor industry in order to reflect their innovation capability. We conclude as follows: Hang Kong Dong Li (600893), Xi Fei Guo A (000768) and Jian Mo B (200054) have strong Innovation capability. ST Yu Hang (000738), Hang Tian Ke Ji (000901) and ST Bao Long(600988) are weaker and less on innovation capability in motor industry of China in 2008.