High-tech Enterprises Of Investment And Cash Flow Management

The main purpose of business investment investment income, to achieve the financial targets. But because of the separation of ownership and control, the asymmetry of information in capital market, and the existence of supervision cost, there is dramatic cost difference between internal and external capital. This make cash flow play an important role at business enterprise operation and development. "Finance management is regard as the center of business management, fund management is regard as the center of business finance management, cash flow management is regard as the center of fund management" has been the principle of modern business management.Based on the latest domestic and foreign investment and cash flow management theories, this paper analyses the characteristic of high-tech companies investment behavior and life cycle, examines the importance of cash flow management in the development of high-tech companies, explains the relation between investment behavior and cash flow under Chinese actual circumstance. The paper also puts forward some valuable suggestions for cash flow management of Chinese high-tech companies, which will be helpful to the establishment of decision mechanisms and cash flow management system of Chinese high-tech companies.The paper includes five chapters:The first chapter is an introduction; The second chapter is the overview of theories; The third chapter analyses the characteristics of high-tech companies development; The fourth chapter primarily analyses the investment behavior of high-tech companies; The fifth chapter puts forward some suggestions of Chinese high-tech companies cash flow management based on investment behavior, taking YKXC corporation for example.The paper embodies some innovation. First, the paper combines corporate investment with cash flow, analyses the relation and influence between corporate investment with cash flow, emphasizes the importance of cash flow management from the new view. Second, the paper puts forward some valuable suggestions for cash flow management of Chinese high-tech companies based on the latest research and the investment behavior comparison of corporate in the traditional industry with high-tech companies.