Research On The Impact Of Intellectual Capital Of High-tech Enterprises On Financial Performance

As society gradually entered the era of knowledge economy,the global economic growth pattern has undergone tremendous changes.Relative to physical capital,intellectual capital plays an increasingly important role in the development of enterprises,and soft power with knowledge and intelligence as the main body has become an important driving force for economic development.As a knowledge-intensive high-tech enterprise,its development has a close relationship with intellectual capital investment.Technological innovation is the main driving force of economic development.High-tech enterprises have a decisive role in my country's economic development.Therefore,it is of great practical significance to study whether intellectual capital affects the development of high-tech enterprises.This article takes high-tech enterprises as the research object,selects 153 companies in the information technology industry as representatives of high-tech enterprises,and uses 2016 to2018 data as a research sample to study the relationship between corporate intellectual capital and financial performance.Based on the principal component analysis method to reduce the dimension of the selected 16 financial indicators to determine the comprehensive financial performance of the enterprise,the intellectual capital appreciation coefficient method is used to measure and analyze the enterprise's intellectual capital,and the correlation test and multiple regression analysis methods are used to An empirical study of the components of intellectual capital and the overall impact on financial performance.The results of the study show that,in addition to relational capital,there is a significant positive correlation between the constituent elements of intellectual capital and its entirety and financial performance,but the degree of correlation is different.Based on the analysis results of the information technology industry,the thesis takes HKUST Xunfei Co.,Ltd.as the research object,selects the data from 2006 to 2018 as the research sample,uses the entropy weight TOPSIS method to comprehensively evaluate the financial performance of the enterprise,and then the enterprise Analysis of the relationship between intellectual capital and financial performance.Studies have shown that although the constituent elements of HKUST's Intellectual Capital are not significantly correlated with financial performance,the overall intellectual capital has a significant positive correlation withfinancial performance.Finally,combined with the information technology industry and the research conclusions of the relationship between HKUST's Xunfei intellectual capital and financial performance,it is proposed that enterprises should strengthen investment and management of intellectual capital;strengthen the intellectual capital management concept;establish a personalized human capital management model;develop and manage enterprises Structural capital;policy recommendations focusing on maintaining customer relationship capital.