A Study On The Effect To The Performance Of Hi-tech Enterprises By The Intellectual Capital

This is an era that the knowledge economy dominates in our daily life. The intellectual capital has gradually taken the place of the traditional factors and become the only most important strategic resource today. The capacity to manage knowledge-based intellect is the critical skill of this era. To make the best use of intellectual capital to create value,it is important to do empirical study on the relationship between intellectual capital and firm performance, especially for the Hi-tech enterprises. The purpose of this study is to understand how intellectual capital affects Hi-tech enterprises'firm performance and how the interactions of the components of intellectual capital affect Hi-tech enterprises'firm performance. Based on the past literature review, this paper states the necessity of studying on the intellectual capital's affect to Hi-tech enterprises'firm performance, and develops a conceptual model, and then collects data of Hi-tech enterprises in China to test the hypotheses.In this study, questionnaire was used as the main tool of data collecting. We sent out 200 questionnaires to Hi-tech enterprises in Changsha, Shenzhen, Shanghai etc and got back 118. The ratio of callback of valid questionnaire is 59%. In the data processing procedure, this paper mainly used correlation analysis, confirmatory factor analysis and structural equation modeling to verify hypotheses in the model. After quantitative analysis and theoretical exploration, some important results and conclusions are as follows:The factors that are used to evaluate the intellectual capital and Hi-tech enterprises'firm performance all have a good reliability and validity; Human capital directly affects the ability of technology innovation and marketing, and then indirectly influences Hi-tech enterprises'firm performance, structural capital and relational capital all directly affect the ability of technology innovation, and have no direct effect on the ability of marketing; The interactions of the components of intellectual capital also have effects on Hi-tech enterprises'firm performance.