The Study On How The Investment Of Human Capital Influence The Performance Of High- Tech Enterprises

With the advent of knowledge economy and the rapid development of high technology industries,enterprise's economic structure presents a significant change. One of the most impressive is that human capital has become "the third capital" encouraging enterprises economy growing after the traditional material capital .This means that the main Army form of knowledge, technological innovation - human capital,has replaced capital, technology, equipment and other material resources, as the determinants of economic development ..Human Capital Investment can be divided into general human capital investment and specific human capital investment based on formed Human Capital on enterprise productivity affect. Correspondingly,enterprise human capital can divided versatility (general) human capital and Specificity (special) human capital. The distinction on enterprise human capital comes from Marshall human ability "Universal capacity" and "special capacity" division. Narrow angle is that general human capital investment and specific human capital investment is Becker division of versatility training and Specificity training. This classification depicts essential differences in investors affect between human capital formed enterprise human capital investment and material capital. From enterprise resource base theory, both human capital all meet strategic resources requirements create enterprises competitiveness improve enterprise performance.This paper analyze Pearson integrable Moment correlation coefficient and regression on Chinese 47 listed high-tech enterprises including computer hardware, software and electronic communications sectors, to explore the effect of high-tech enterprise human capital (investment ) on firm performance. We found:①High-tech enterprise performance, namely market value (MV), productivity (WP), return on sales (ROS) and return on capital employed (ROA) and general human capital of employees by level of education, experience and management experience related to inter- relationship is generally higher than specific human capital . To analysis, the specific human capital in the period of employees working in enterprises associated with firm performance is generally low, and the general human capital of the other two indicators - industrial experience and management experience in several of the high-tech enterprises in market performance higher than the relevance of enterprise-specific human capital. ②According to the regression analysis, staff education levels and all the performance indicators of corporations closely related to the 1% level significantly; management experience and market value (MV), productivity (WP) and ROA were measured close related to the 1% level significantly; IE is closely related with the ROS and the WP, the 1% level significantly. This also explains the assumptions1 in this article: the performance of corporations and general human capital is relevant, that is, the higher the level of general human capital, the performance of corporations should be higher, However, Did not receive sufficient support the assumption 2: the performance of corporations and specific human capital investment is related.