人力资本分享企业所有权安排研究

A Study On Human Capital′s Participating in Enterprise Ownership

从企业的二重性出发,研究在知识经济的条件下企业所有权配置的基础,以及人力资本与非人力资本共享企业所有权的均衡点。人力资本与非人力资本共享企业所有权是最优企业所有权安排,这种所有权安排面临知识成本与集体决策成本的双重成本约束,权利配置的均衡点在双重成本约束下的总成本的最低点。

The dissertation attempts break through the ＂capital employ labor＂ framework, and studies human capital＇s ownership of firms as well as it＇s equilibrium from dual nature：of the firm： contractual and production essence. Our conclusion shows that the human capital sharing ownership of the firms is the optimal pattern, especially in the knowledgebased firms. This arrangement of ownership restrained by dual cost： knowledge cost and collective decision-making cost. The equilibrium of rights allocation is the lowest point of the total cost curve.