Information Technology Investment And Firm Performance

With the rapid progress of science and technology,information technology is gradually evolving in the fields of digital,intelligent,integrated and network applications.It has become an important strategic resource for enterprises.However,there is still no uniform conclusion about the impact of information technology investment on corporate performance and how it works.This has attracted wide attention from domestic and foreign scholars and business managers.The development of information technology has led to many changes in the field of high technology.Based on the sample of enterprises in high-tech industries in Shanghai and Shenzhen,this article is aimed to clarify: Firstly,characteristics of enterprises in high and new technology industry.Secondly,the impact of information technology investment on corporate financial performance,corporate market performance and corporate innovation performance.Finally,the impact of information technology on enterprise performance through interaction with human resources.Results show that information technology investment has a significant positive impact on profitability and operating capacity from financial performance indicators,Tobin Q value and year-end total market value from market performance indicators,year-end number of patent applications from innovation performance indicators.Also,highly educated personnel input and information technology investment have mutual effect on each other,and highly educated personnel input has positive impact on corporate performance.