人力资本观念变革与财务理论体系创新

The Revolution of the Notion of Human Capital and the Innovation of Financial Theory System

人力资本所有者(包括核心人力资本所有者与一般人力资本所有者)在知识经济时代将取得与物质资本所有者平等的地位,甚至胜过物质资本所有者,并将与物质资本所有者共同分享企业剩余索取权,从而使人力资本所有者的激励与约束成为企业治理的关键问题。人力资本观念变革促使企业治理理论产生深刻变化,而财务治理是企业治理的核心,因而人力资本观念的变革必将引起包含财务治理在内的财务理论体系的深刻变化。“以人为本”的思想向财务理论全方位渗透,触发了“人本财务”范畴的提出,进而推动财务理论体系的创新。

The owners of the human capital (including owners of core human capital and general human capital) will obtain equal and even a higher position with the owners of material capital in the era of knowledge economy and share claims to firm's residue with the owners of material capital together. This fact makes the incentive and restraint of the owners of human capital as the key problem in the governance of the firm. The revolution of the notion of human capital impels a profound change in firms' governance theory. Furthermore, financial governance is the core of firms' governance, therefore the change of the concept of human capital will inevitably cause a profound change in financial theory system, which includes financial governance. Permeating of the “peopleoriented” notion to financial theory omnidirectionally, the notion of “Humanistic Finance” has touched off, which further drives the innovation of financial theory system.