Study On The Effects Of E-commerce Applications Level On Firm Financial Performance Of Listed Companies

In the mid-1990 s, the global economy information had rapid development,reform the business model has become a hot research field with the emergence of the Internet, which caused widespread concern of theorists and practitioners. Enterprises always invest a lot of human resources and time in transformation of innovative products and production process in order to increase revenue before e-business used.However, enterprises carry out innovation of products and processes have slow effect,high investment risk, investment funds and other shortcomings. Comparatively speaking, enterprise managers prefer the e-business application, because it has the advantage of low cost, high efficiency, not limited by region, and so on. Domestic and foreign scholars always study the effect of e-business application level to corporate financial performance from a single field, but study by multi-angle and contrast can dig out the e-business application effects on different aspects of corporate financial performance, and provide a certain basis to operator to improve the application of e-business in the future. Therefore, the impact of e-business application level to the enterprise financial performance has the important significance in theory and practicalThis paper use expert questionnaire, comparative analysis and other research methods study the influence of e-business on the application level of the enterprise’s financial performance based on the view of enterprise resources. First of all, this article reviews the literature of e-business applications and enterprise financial performance, according to the theory of e-business applications and enterprise financial performance, author construct a conceptual model of e-business application level impact on corporate financial performance and puts forward five research hypotheses; Second, investigating the business portal of the 300 listed companies,and take reliability and validity analysis of collates data; And then, analyzing the application level, the distribution of the situation and the characteristics of the industry attributes of the listing Corporation by obtained data; Finally, the paper uses regression model to analyze the impact of enterprises application level on enterprise financial performance, and draws the conclusion of this paper and puts forward relevant suggestions. The main conclusions of this paper include:(1) Financial performance of e-business enterprises is higher than enterprises which haven’t e-business.(2) The impact of e-business application level to enterprise cost is notsignificant.(3) E-business application level are positively related to enterprise income level, operation efficiency and comprehensive financial performance.(4) The impact of e-business application level on enterprise financial performance in growth stage is greater than other stages.(5) The application of e-business in financial industry and manufacturing industry is significantly higher than other industries.(6) The application level of e-business in small and medium sized enterprises has a strong influence on the financial performance.The main innovation of this paper include: Selecting five module in the application of e-business application level to study its influence on enterprise performance of listed companies based on theoretical which research the influence of application of e-business to corporate financial performance by scholars, then construct the concept model of the impact of e-business application level on enterprise financial performance and use the method of multiple linear regression to study the impact of e-business application level on enterprise financial performance; Divide companies by the nature of the industry, scale, enterprise life cycle as the standard make a comparative analysis on effects of e-business application level of corporate financial performance from multiple perspectives, has important practical significance to the enterprise improve the application level of e-business.