Research On The Performance Evaluation And Its Affecting Factors Of GEM Information Technology Companies

Information technology industry is an important driving force for economic development in the 21 st century.With a steady stream of innovative vitality,it has gradually become one of China's strategic emerging industries.Due to the high risk and high income of information technology industry,there is a great uncertainty in its operating performance.Therefore,it is an urgent task to make an accurate analysis of the operation performance of information technology enterprises.In this study,a sample of 22 information technology enterprises listed on GEM in China was selected to analyze the operating performance of the sample enterprises in 2011-2016.The first stage of the study combines the DEA basic model and the DEA-Malmquist index to realize the dynamic and static analysis of its efficiency.The second stage uses the DEA-Tobit model to find out the factors that affect the enterprise performance.Through research can enrich and develop the existing in information technology management performance evaluation methods,it's helpful for enterprises to improve management level,reduce investment risk and is conducive to government departments to strengthen supervision and management.The main conclusions of the research on enterprise performance of gem information technology are as follows:(1)the overall performance level of the enterprises in the industry is better,but the performance of some sample enterprises fluctuates greatly in the six years.(2)the operation scale of multiple enterprises has not reached the optimal state of the industry.(3)the overall technical efficiency change index of the whole industry average is less than 1 and generally shows a downward trend,the management level of the industry needs to be improved.(4)such as ownership concentration,total asset turnover,R&D investmentamount and working capital ratio,These four factors are significantly positively correlated with enterprise operating efficiency;In the early stage of enterprise development,the relationship between asset-liability ratio and enterprise operating efficiency is not obvious due to the constraints of solvency and financial risk factors.Finally,on the basis of relevant research and analysis,some suggestions for improving operation performance of information technology industry are put forward.