Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Research on the Influence of Financial Asset Allocation Ratio on Performance of High-Tech Listed Companies

Authors
Zhuang Yujin1, Li Yuju1, *, Zhao Hengfang1, Chen Jingbo1
1School of Economics and Management, Beijing Jiaotong University, Beijing, China
*Corresponding author. Email: yjli@bjtu.edu.cn
Corresponding Author
Li Yuju
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_211How to use a DOI?
Keywords
High-tech enterprises; Financial assets allocation; Financial performance; Market performance; Innovation performance
Abstract

Taking A-share high-tech listed companies in Shanghai and Shenzhen stock markets from 2011 to 2020 as samples, this paper uses factor analysis method to build a comprehensive evaluation model of high-tech enterprise performance from three dimensions: innovation performance, financial performance and market performance, and uses fixed effect panel data regression to empirically analyze the impact of financial asset allocation ratio of high-tech listed companies in China on enterprise performance. It is found that the allocation ratio of financial assets of high-tech listed companies has a significant negative impact on corporate performance. Therefore, high-tech enterprises should rationally allocate the proportion of financial assets, attach importance to R&D investment, and focus more on entity management and R&D innovation, so as to enhance the long-term value of enterprises.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_211How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhuang Yujin
AU  - Li Yuju
AU  - Zhao Hengfang
AU  - Chen Jingbo
PY  - 2022
DA  - 2022/12/31
TI  - Research on the Influence of Financial Asset Allocation Ratio on Performance of High-Tech Listed Companies
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1425
EP  - 1433
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_211
DO  - 10.2991/978-94-6463-036-7_211
ID  - Yujin2022
ER  -