企业家人力资本价值评估模型:评述及修正

The Evaluation Model on the Value of Entrepreneur's Manpower Capital: Comment and Amendment

对企业家人力资本价值进行评价是当前较为迫切的问题,已有部分学者对其进行研究。文章评述了目前较为典型的几种企业家人力资本价值的评估模型,如历史成本法、未来工资贴现的现值调整法、自由现金流量贴现法和未来收益贴现法等,并从各种模型的原理、内容、适用性等角度分析其优缺点。基于以上评述,本文根据收益现值标准,以企业产生的预期收益为基准,考虑折现因素,引入分成率的概念,并根据企业家个体综合素质差异进行修正来确定企业家人力资本价值的一种评估模型。

To evaluate the value of entrepreneur＇s manpower capital is a pressing question at present, and some scholars have conducted research on it. The article reviews several current typical models to assess the value of entrepreneurs＂ manpower capital, such as the historical cost, future wage adjustment of the present value of the discount, free cash flow discounting and the discounting of future returns, and analyzes its advantages and disadvantages from the principle, content, applicability of various models. On the above comments, the paper, based on the return standard and taking the expected return of enterprise＇s production, the paper considers the discount factors and introduces the concept of partition ration, and make amendments according to the individual comprehensive quality of entrepreneurs to determine the assessment model to human capital of entrepreneurs.