On the correlation between non-financial value drivers and high-tech enterprises’ value

The main research in this paper is to use empirical analysis, namely use of structural equation modeling to conduct related research between non-financial value drivers with high-tech enterprisespsila value. This paper takes 215 companies listed on Shanghai and Shenzhen as sample to study the correlation between high-tech enterprisespsila value and five non-financial value divers like technology innovation, integrated human resources efficiency, risk factors, opportunity value for industry development and corporate governance structure, the priorities of the non-financial value divers to high-tech enterprises and the interpretation capacity of each observed indexes to non-financial value divers. The research suggested that five non-financial value drivers, with the exception of integrated HR (human resources) efficiency, the remaining four factors have obvious relevance to the high-tech enterprisespsila value. Moreover, among the five non-financial value drivers, the opportunity value for industry development makes greatest contribution to the high-tech enterprisespsila value but the result is opposite in the corporate governance structure.