The positive impact of the transactive memory systems or dynamic capability for the innovation performance is emphasized by academic circles at home and abroad and some studies is confirmed that the transactive memory systems is a source for gaining dynamic capability for a enterprise, but Few studies have given their relationship. Under a framework of the transactive memory systems or the dynamic capability, a new theory model is made and the multiple regressionis method used to analysis 229 effective questionnaires located in the Yangtze River Delta region. The relationship between the innovation performance and the transactive memory systems or the dynamic capability is researched and the transmission mechanism and impact path is found. The results show that the dynamic capability is a partial mediating impact between the specialization and the innovation financial performance, a full mediating impact between the specialization and the innovation growth performance and between the coordination and innovation performance in the transactive memory systems.