Research on the Relationship between the Competitiveness of High-tech Enterprises and Enterprise Value

Abstract

Since the 1980s, enterprise management has entered the stage of value management with the goal of maximizing enterprise value. In order to achieve the goal of maximizing value, companies must compete. Therefore, how to continuously enhance the competitiveness of enterprises to maximize the value of enterprises is a major issue that enterprise managers must seriously consider. Based on whether it shows competitive advantage, this paper divides enterprise competitiveness into revealed competitiveness and dynamic capabilities. By constructing multiple linear regression models, we study the impact o f revealed competitiveness and dynamic capabilities on enterprise value. The empirical results show that both revealed competitiveness and dynamic capabilities can positively affect enterprise value, but environmental dynamism will weaken the impact of both on enterprise value.