Abstract:The current researches on graduate enterprise workstation as a R D alliances between university and enterprise, is focusing on the holistic qualitative analysis, to the talents training quality guarantee for perspective, and empirical studies are rare; Effects on innovation performance of enterprises, of different variables of the absorptive capacity, is the focus of theoretical research. Taking the University as the external knowledge into the source, on 457 enterprises student workstation as sample, based on structural equation modeling, the research is performed on the role of the factors affecting the absorptive capacity of enterprises, and its different variable combinations together dynamic co-evolution, in the innovation performance of enterprises. Research shows that: in the innovation performance outcomes, the role of some different variable combination in the factors affecting enterprise absorptive capacity, compared with single factors, exist significant differences, specific performance in enterprise"s R D activities and external knowledge source, in the organizational environment and the communication mechanism, effect value increase. The study in the analysis on the role of the factors influencing the absorptive capacity of enterprise in enterprises innovation performance, and the construction of graduate enterprise station has theoretical and practical reference value.