智力资本价值确定及与公司价值关系模型研究

【作者】 高欣；

【导师】 王蔷；

【作者基本信息】 上海财经大学 ， 企业管理， 2005， 硕士

【摘要】 21世纪人类社会已经进入以知识为主导的时代,知识正在逐渐取代传统的生产要素:资本、劳动和土地,而成为企业价值创造的源泉。智力资本在此过程中发挥了重要的作用,是实现公司战略,获取竞争优势的基础。因此对智力资本的研究引起了学术界和企业界的极大关注,本文以研究智力资本与公司价值之间的关系为主题,深入探讨了智力资本在企业内部创造、转化和实现价值的内在机制及其评价与测量。本文共分三大部分,第一部分主要论证了智力资本概念的起源和发展,并对智力资本的内涵进行了辨析,结合前人的研究成果揭示出现有理论的不足,将智力资本横向分为人力资本、结构资本和客户资本三大组成部分,又对其进行了纵向的分类,包括:个人智力资本、团队智力资本和组织智力资本,在此基础之上探讨其价值来源,确定研究智力资本与公司价值之间的关系的理论框架,并突破价值链理论从价值网络的角度对其两者之间的关系进行研究。第二部分,首先确立了智力资本在企业内部创造价值的微观机制——知识流的概念,随后结合价值网络理论,建立智力资本三大组成部分的价值转化模型,从多个角度来论述人力资本、结构资本和客户资本等不同形态智力资本更多还原

【Abstract】 Knowledge, which is a dominant factor in 21st century, is graduallyreplacing the traditional factors of production, i.e. capital, labor andland, and becoming the chief resource of the company value creation.In this process, intellectual capital plays an important role as it affectsboth the implementation of the corporate strategy and the long termsustainability of the business operations. Therefore, academe andcorporations shows great enthusiasm in intellectual capital. Aroundthe topic of the relationship between intellectual capital and companyvalue, I in this thesis explore the creation, transformation and valuerealization of intellectual capital inside the company as well asmeasurement and assessment of it.This thesis consists of three parts: in the first part,I demonstratehow the conception of intellectual capital came into being and itsdevelopment. Furthermore, I give an analysis of what the concept ofintellectual capital contains. I also make use of the already existedresearch results on this topic to reveal flaws of the current theories,then further divide intellectual capital, in a horizontal way, into humancapital, structure capital and customer capital as well as4longitudinally into individual intellectual capital, team intellectualcapital and organization intellectual capital to explore the resource ofits value. Building the model on relationship between intellectualcapital and corporate value I put forward the theoretical frameworkusing the value network theory to explain the relationship. In thesecond part, firstly I establish the microcosmic mechanism of valuecreation inside the company—knowledge flow, then build the valuetransformation model of the three integrants to demonstrate how thedifferent forms of intellectual capital contribute to the corporate valueand realize the value transformation based on the knowledge. In partthree, with the groundwork of the scholars’ model of evaluating theintellectual capital, I redesign the variables from the view ofknowledge management to test the relationship among the keyintegrants and how they advance the corporate value together.Studies on relationship between intellectual capital and companyvalue are almost untouched so far. I in this thesis try to study on thevalue realization process of intellectual capital through integrating therelevant subjects such as economics, administration, andorganizational behaviorism, etc. In this thesis, the transformationorganism and the relevant factors of intellectual capital are analyzedand explored. However, there still are some places in this researchready for modification for the limitation of time, length of this thesisand my capability. Therefore, further and deeper research is requiredin this area.更多还原