Research On The Influence Of It Investment On Financial Performance Of HE Company

With the rapid development of information technology such as the Internet of Things,cloud computing and big data,the informatization level of Chinese enterprises is also improving.Information technology has become an important means of enterprise strategic design,and has an important impact on the improvement of enterprise management level,core competitiveness and sustainable development.Many enterprises believe that information technology is the key path to improve corporate financial performance.This paper takes HE Company as the research object,uses principal component analysis method and local adjustment model to test the impact of information technology investment on its financial performance,and puts forward corresponding management enlightenment,providing certain reference for other household appliance enterprises to make information technology investment.First of all,this paper analyzes the stage background of Chinese information technology investment,and combs the research status at home and abroad from the aspects of enterprise performance evaluation method and the relationship between information technology investment and enterprise financial performance,and then defines two concepts of information technology investment and enterprise financial performance.The resource-based theory,knowledge-based theory,technology diffusion theory and financial objective management theory are introduced in detail,which lays a theoretical foundation for the following research.Secondly,after introducing the basic information,financial performance and information technology investment status of HE Company,based on the principal component analysis method the financial performance of HE Company from 2009 to 2021 is comprehensively evaluated,and the financial performance status of HE Company is further analyzed.Finally,a local adjustment model based on the invariant elastic production function was established,and the software stata15.0 was used to test the influences of HE Company on the dimensions of operation capacity,profitability,debt paying capacity,growth capacity and financial performance respectively under the condition of whether or not IT investment was made.This paper finds that IT investment has a positive promoting effect on the operating capacity dimension,profitability dimension,debt paying capacity dimension,growth capacity dimension and financial performance of HE Company.Among them,the influence on the debt paying capacity dimension is not as stable as other dimensions.Therefore,enterprises should integrate their own development situation when making information technology investment.Take into account all aspects of enterprise development.Based on the above theories and research results,this paper proposes management enlightenments for improving the financial performance of HE Company from five aspects of IT investment scale,investment demand,talent training,investment strategy and product research and development,in order to further improve the financial performance of HE Company.