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Integrated innovation is the core competitiveness of high-tech enterprises, which depends on Innovative potential talent. This article makes a quantitative analysis to explore the relationship between high-tech enterprise human capital investment and EVA, using gray correlation analysis method to calculate the contribution of high-tech enterprise human capital investment for EVA. Then the article will demonstration that increasing investment of human capital in high-tech enterprises can help them to create more value. KeyWords-investment in human capital; corporate financial performance; EVA; gray correlation With the arrival of the knowledge economy and the rapid development of high-tech enterprises, human capital plays a core role in promoting the development of economy. Increasing investment on human resources has a crucial impact on the promotion of enterprise performance and competitive advantage. EVA (Economic Value Added), which economists call "a concept of residual income", is the after-tax net operating profits (NOPAT) minis capital cost. EVA is an economics concept of profit, which is also known as the economic profit (Economic Profit) or economic rents (Economic Rent). As a new index to reflect the enterprise's financial performance, EVA considers not only the cost of debt and equity cost, it tests the real corporate profits from the perspective of shareholders. Recently, many studies have suggested that EVA can reflect enterprise's performance better than traditional accounting index. I. THE PRESENT SITUATION OF HUMAN CAPITAL INVESTMENT IN HIGH-TECH ENTERPRISE A. The Present Situation of R & D Funds in High-Tech Enterprises In high-tech enterprises, researching and development is the main work for R & D personnel. It is also the most important source of enterprise performance. The fact of R & D funds invested in personnel is an essential investment of human capital. In recent years, R & D costs in Chinese high-tech enterprise increase year by year, which we can see from table 1. TABLE I. SITUATION OF LARGE AND MEDIUM SIZED HIGH-TECH ENTERPRISE R & D FUNDING INVESTMENT 2005 2006 2007 2008 2009 201

A Mechanism Analysis of High-tech Enterprise Human Capital Investment for EVA Contribution Based on Gray Relational Analysis