本文从环境变化的角度对高科技企业面临的风险进行量化,以长期债务比率作为高科技企业资本结构的代理变量,结合对高科技企业成长性的考察,就上述三个因素与高科技企业绩效的关系进行了实证研究,证实了环境风险和成长性对高科技企业绩效存在显著的影响。

The paper tried to quantify the risks that the high-tech firms faced in terms of the circumstances variance, took the long-term debt rate as the proxy of the capital structure in high-tech firms. Then, combined with the examination on the growth of high-tech firms, the paper conducted an empirical research on the relationship between environment risk, capital structure, growth and firm performance in high-tech firms. The result of the research showed that there exists a significant correlation between environment risk, growth and high-tech firms' performance.