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A Study on the Trend of Human Capital Roles in the Institutional Change of the Firm

Author: WuZuo
Tutor: LiuChuanJiang
School: Wuhan University
Course: Industrial Economics
Keywords: Enterprise system Human Capital Private enterprises Family business
CLC: F272
Type: Master's thesis
Year: 2005
Downloads: 116
Quote: 0
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Abstract


Enterprises cells of the market economy, but also macroeconomic microscopic foundation. Enterprise system itself is colorful and varied, from the bud hands of the workshop and handicraft workshop, to the (individual) proprietorship enterprises and partnership enterprises, Modern AG and AG enterprise system evolution never cease. For a few hundred years of history of the evolution of the enterprise system, the research perspective is varied. This paper uses economics and management science and other disciplines of research, starting from the nature of the firm's two-tier property and businesses of Human Capital characteristics, focusing on analysis and study of the impact of human capital on the optimal contract structure, and then explore the human capital the status and role in the different stages of the evolution of the enterprise system, by describing its trend depicts an enterprise system in the evolution of human capital clues. Firstly, the nature of duality, that the unity of production and contractual. The nature of the firm is specialized forms of organization of production and collaboration in the conditions of certain contractual structure. Therefore, human capital is not only the role of contractual structure enterprise system, and the role of human capital in the production activities directly affect the institutional arrangements and their changes. And production activities, human capital of natural attributable to individuals, asset specificity, collaboration, and renewable four characteristics. These four characteristics together determine the human capital in the contract structure is irreplaceable. This paper argues that the impact of human capital on the optimal contract structure, mainly through the following three aspects play a role: corporate control of the allocation of decision-making power of human capital accumulation of knowledge and human capital bargaining power enhancement. Take advantage of this analytical framework, this paper from the perspective of human capital to re-sort the history of the evolution of enterprise system, to draw the Human Capital clues in the evolution of the enterprise system. In recent years, China's private enterprises family-run phenomenon caused widespread controversy. Clues of the evolution of human capital based on the enterprise system, the paper points out the problems of China's private enterprises is the closed nature of the external human capital, which limits the development and growth of enterprises. Family business company, socialization is bound to cross the problems in the development process of China's private enterprises. And how to introduce social human capital and its role is the proper meaning of the family corporate social questions.

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CLC: > Economic > Economic planning and management > Enterprise economy > Enterprise planning and management decision - making
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