人力资本股份化探讨

The Exploration on Human Capital Stock

本文通过对人力资本及其确认、人力资本的价值与价值计量的研究,按“人力资本的价值取决于它所创造的超额利润（经济增加值）”的原则,设计人力资本价值计量模型,进而探索不同类型人力资本股份化的实现方式,并建议利用期权股份激励创新型人力资本所有者。

Based on the principle that the value of human capital depends on surplus profit (or economic value added) created by its own, the article focuses on the human capital, its identification and its value and provides a model for the measurement of human caplital value. Also the author explores the accomplishing mode of different human capital stock including employee stock ownership. Common human capital owner can transform human capital into other stock while innovative human capital owner can realize the stock thraugh the discount of knowledge property profit and the settlement of managerial element stock. Funthermore the autor suggests the way of making the use of options to motivate innovative human capital owner.