技术资本对企业财务绩效的影响——基于智力资本效率系数的实证研究

Impact of Technological Capital on Firm Financial Performance:Empirical Research on Intellectual Capital Efficiency Coefficient

摘要:

选取我国2011—2015 年间的信息技术上市企业为研究样本，利用层次回归方法考察加入技术资本的智力资 本效率系数对于企业财务绩效的影响。研究结果表明：技术资本通过影响人力资本、结构资本、投入资本，从而对 企业财务绩效产生间接影响。这启示我们应该重视技术资本投入，通过改善人力资本、结构资本和投入资本来提高 技术资本投入，进而提高企业的财务绩效。

Abstract:

The study selected the IT listed companies in our country between 2011 and 2015 to examine the influence of intellectual capital components adding technological capital on firm financial performance by using hierarchical regression analysis. The results show that technological capital can have an indirect impact on firm financial performance by influencing the human capital, structural capital and capital employed. That indicate we should attach importance to the technological capital. With the enhancement of technological capital by improving human capital, structural capital and capital employed, firm financial performance would be improved.