High-tech Enterprise Standards’ Optimization And Techonology Capital Analysis

Theory and reality shows that technology capital plays an important role inhigh-tech enterprise and the identification of high-tech enterprise is really essential;but in reality high-tech enterprises face lots of problems in development which showsthat the standards need optimization.The optimization of the standards of high-tech enterprises’ identification based onthe technology capital analysis is studied in this paper. The study methods are theorymethod and case analysis, and the application of case is mainly used to the currentevaluation and methods test.This paper discussed from four dimensions which are internal resources、externalenvironment、technological innovation activities and technological innovation outputcapacity based on the common problems of high-tech enterprises in China、the defectsof the standards and the evaluation system of independent innovation capacity. Ingeneral，the discussion focused on the following four areas：First，R&D input and output correlation and R&D cost adjustments. Since thecorrelation between R&D input and output is weak and ssset utilization efficiencyare quite different from enterprise to enterprise，the R&D input needs correlationcoefficient adjustment efficiency adjustment. The adjustment of R&D cost can bedivided into two methods, straight-line method and the second adjustment method,depending on the calculation of the angle of the correlation coefficient between R&D input and output. So the R&D output can be expressed as follows：(R&D input*regression coefficient+constant)*invested R&D cost/total investment; R&D input*the social average correlation coefficient*invested R&D cost/total investment*Business efficiency differences adjustment coefficient.Second, qualitative and quantitative comprehensive analysis of technology assets.Technology assets need to meet four key tests， that is commercialization、market-oriented、value creation and can’t be simulated.Third，introduce the concept of technology assets and design new standards ofscientific and technological achievements conversion capability and corporate growth,specifically including technology assets input-output ratio, technology assets ratio, technology assets yield, growth rate of technology assets, growth rate of total assets,sales growth ratio and sales growth of high-tech products or service.Forth, comparative analysis of old and new standards and links.This paper, from a new research perspective, introduce the concept of technologyassets into high-tech enterprise identification system. It also conducts a specificanalysis of technology assets and further enrich the theory of factor capital. Besides, itbuilds a framework of high-tech identification standards which can serve as referencein practice. All the above points are the innovations of this paper.