2008•Science of Science and Management of S.& TRequires access

Analysis on the Whole Structure Including Human Capital in Knowledge Enterprises

WU Si-zong

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Abstract

The contemporary society has already moved forward to the knowledge-based economy age that takes human capital as its core,thus the traditional capital theories without considering human capital have been lagged.Based on the existing financial capital structure research and the modern enterprise theory,the paper brings human capital into the capital structure of intellectual enterprises,it analyses the impact of the increase of human capital,stock capita and debt capital,and points out that the input of human capital is positively related to debt when it is under a certain degree,and negative relation emerges when debt goes beyond that degree.

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What this paper is about

The contemporary society has already moved forward to the knowledge-based economy age that takes human capital as its core,thus the traditional capital theories without considering human capital have been lagged.Based on the existing financial capital structure research and the modern enterprise theory,the paper brings human capital into the capital structure of intellectual enterprises,it analyses the impact of the increase of human capital,stock capita and debt capital,and points out that the input of human capital is positively related to debt when it is under a certain degree,and negative relation emerges when debt goes beyond that degree.

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Available abstract

The contemporary society has already moved forward to the knowledge-based economy age that takes human capital as its core,thus the traditional capital theories without considering human capital have been lagged.Based on the existing financial capital structure research and the modern enterprise theory,the paper brings human capital into the capital structure of intellectual enterprises,it analyses the impact of the increase of human capital,stock capita and debt capital,and points out that the input of human capital is positively related to debt when it is under a certain degree,and negative relation emerges when debt goes beyond that degree.

Key concepts: Physical capital, Financial capital, Economic capital, Individual capital, Human capital, Fixed capital, Economics, Capital structure

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