摘要
本文从财务角度对人力资本产权收益的实现机制进行研究。从财务角度来看,人力资本是有意识投资的,具有促进财富和经济增长的内在特性的,一种能享有资本产权收益的价值。所有员工都符合人力资本的特性,因此都是企业人力资本的载体。按层次可将人力资本分为高层、中层、基层人力资本。人力资本产权特性具有债权和股权双重特性,不同层次人力资本在双重特性上的分布程度是不同的。人力资本产权收益的构成既包括债权投资意义上的收益,也包括股权投资意义上的收益。相对于非人力资本享受的税后收益,人力资本的税后收益的意义更为广泛,还包括剩余控制权相对应的收益。文章提出构建以契约底薪和法定保险为基础,以税后收益分配为调节,同时实施人力资本产权基金制度的人力资本产权收益的实现模式。
This article from the view of financial point researches realization mechanism of the income of human capital property rights . In the eyes of finance, the human capital is a sense investment, with the promotion of wealth and economic growth intrinsic characteristics and property right gain in value terms. All employees are in line with the characteristics of human capital, so are the cartier of enterprise human capital. According to the level of human capital, it can be divided into upper, middle and grass- roots human capital. Characteristics of the human capital property rights are bonds and equity character; different levels of human capital have different degree in the dual character. Accordingly, the income of human capital property rights constitute both the income of debt investment, such as salaries, benefits and statutory insurance, and the income of equity investment, that is, after-tax gain. Compared to after- tax income of non - human capital, after- tax gain of human capital have wider content, including the gain of residual control right of non- human capital. The article concludes with achieve income mode including a basic salary, statutory insurance, after- tax income distribution, at the same time the implementation of human capital property fund.
出处
《财经科学》
CSSCI
北大核心
2009年第5期48-55,共8页
Finance & Economics
关键词
人力资本
产权收益
债权投资收益
股权投资收益
人力资本产权基金
Human Capital
Property Income
Income of Creditor＇s Rights
Income of Interest
Property Fund of Human Capital
