Relationship of Human Resource Investment, Human Capital and Hi-Tech Firm's Performance

This research tested the effects of human resource (HR) investment through human capital (HC) to hi-tech firm's performance. Eleven hypotheses of relations among HR investment, HC and hi-tech firm's performance are proposed in the article. The research used a sample of Chinese hi-tech firms. A variance analysis indicated that HR investment is significantly related to higher level of HC in a hi-tech firm, and HR investment is indirectly related to overall hi-tech firm performance through firm-level HC.