人力资本投资的内生增值机制与制度安排

The Internal Accretion Mechanism of Human Capital Investment and Institutional Arrangement

在知识技术主导经济增长的时代,人力资本日益成为重要的投资方式。合理确认“投资法人”和“研发执行人”对人力资本内生增值价值的占有权,科学评估投资成本与收益,明晰人力资本增值后的产权关系,建立合理的共享分配机制,维护投资者和研发者的合法权益,对促进人力资本投资,建立现代企业制度具有重要意义。

In an age when knowledge and technology play a leading role in economic development, human capital is becoming an increasingly important means of investment. As a result, the diseconomy caused by investment spillover begins to pose as a major obstacle to technological advancement and investment expansion. Therefore, it is of great significance in promoting human capital investment and establishing modern business system to properly identify the internal accretion value possessed by 'investment legal persons' and 'research and development executives', to sci-entificly evaluate investment cost and return, to establish the ownerships resulting from the capital accretion, to set up reasonable sharing system, and to protect the lawful rights and interests of investors as well as research and development personnels.