An Empirical Study on Effect Between Human Capital Investment and the Performance of Power Generation Enterprises

Abstract

In the era of knowledge economy, human capital is the key to enterprises to obtain sustainable competitive advantage and improve performance. It is the "third resource" to promote enterprise development, and the reform of state-owned enterprises and the release of electricity sales will have a great impact on power enterprises. The study is based on the actual payment of human capital investment from 48 power companies in 2007 to 2016 in a shares. The results show that salary and employee benefits are positively related to the profitability, operating ability and solvency of Power generation enterprises. The trade union funds and the staff education funds are negatively related to profitability and solvency, and there is no significant positive correlation with the development ability of Power generation enterprises.