【作者】 王辉；

【导师】 唐未兵；

【作者基本信息】 湖南师范大学 ， 政治经济学， 2004， 硕士

【摘要】 研究人力资本产权的意义重大。因为，从理论上看，人力资本理论主要研究的是人力资本的形成、人力资本与经济增长的关系、与收入分配的关系等，而对人力资本产权没有进行系统的研究。从实践上看，人力资本产权制度在我国还未完全建立起来，这使得国有企业不能对人力资本所有者进行有效的激励与约束，从而严重扭曲了国有企业治理结构。 本文除引言外共有四部分。 第一部分，首先论述了人力资本的主要特征。其次，在此基础上，论述了人力资本的产权特征，即人力资本产权只能归其载体所有。 第二部分，首先论述了人力资本参与企业产权安排的原因，这是“劳动力个人所有制”、“活劳动和物化劳动共同创造社会财富”、“知识经济发展”的必然要求。其次，文章构建了一个人力资本与非人力资本企业产权安排的动态模型，对人力资本参与企业产权安排进行了理论分析。第三，论述了现代公司治理结构的实质，即：治理结构在理论上体现为“契约关系”、在功能上体现为“权、责、利的配置”、在治理机制上体现为“内外两种机制的有机结合”。 第三部分，论述了现代公司治理结构的创新。现代公司治理结构中人力资本的产权安排有“股票期权制”、“员工持股制”、“动态股权制”。文章通过比较分析，认为：“动态股权制”在对企业人力资本所有者的激励与约束上是一种较为理想的产权安排。 第四部分，首先分析了我国国有企业治理结构的演进以及治理结构存在的主要问题。其次，揭示了国有企业治理结构中的人力资本化的趋势。 本文是在前人成果的基础上进行的粗浅研究，如果说有一点创新的话，就在于文章将人力资本理论与产权理论等现代企业理论结合起来，运用理论分析、博弈分析和实证研究等方法，探讨了人力资本产权安排与现代公司治理结构的创新。本文认为国有企业产权应是国有物质资本产权与人力资本产权的联合，在这种产权制度中，人力资本所有者与物质资本所有者拥有同等的地位，享有股东权益，享有剩余索取权和剩余控制权。在对人力资本所有者的激励与约束上，“动态股权制”是一种较为理想的产权安排。更多还原

【Abstract】 To study the property rights of human capital is very important. Because the theory of human capital was the main study in the formation of the concept and theory, the relations between human capital and economy growth and incomes distribution ,scarcely concerned the property rights of human capital .The property rights system of human capital was not complete founded in our country, it does not inspirit and restrict effectively human capital owner in state-owned firm, and distorted seriously corporate governance structure of state-owned firm.This article has four parts.In the first part , primary character of human capital is discussed, and then discusses character of the property rights of human capital-belongs to carrier of human capital possession.The second part is to discuss the reason of human capital participate in arranging property of corporation , this is necessary require for individual owner-system of labour force, created social wealth by alive labour and materialized labour, and development of knowledge-based economy, and then establishes a dynamic model of human and nonhuman capital participate in arranging property of corporation to carrying through theoretical analyses about human capital participate in arranging property of corporation . Thirdly discusses essential of modern times corporate governance structure , namely it incarnates contractual relation in theory and collocation of power, duty and profit in function and organic coalescent of mechanism inside and outside .The following part is to discuss innovation of corporategovernance structure .The property right arrangement of human capital has Executive Stock Options, Employee Stock Ownership Plans and Dynamic Sharing System .By comparing consider that Dynamic Sharing System is an ideal property right arrangement on inspiriting and restricting human capital owner.In the last part, the evolvement and primary problems of corporate governance structure of state-owned firm is discussed, and then opens out the direction of human capitalization.The article is based on the research results of many predecessors .If there exists any innovation, humbly it may be that combines the theory of human capital and property right, and discusses the property rights of human capital arrangement and corporate governance structure innovation by the ways of theoretic and game analyses and demonstration research. The property right ofstate-owned firm is an alliance of the propety right of substantial and human capital, as the substantial capital owner, the human capital owner holds the coequal station, takes the shareholder rights and interests, and the residual rights of claims and control in the property right system. On the innovation of corporate governance structure, Offers several patterns: ESO, ESOP and DSS, and the human capital owners is brought into stockholder list. Discovers the DSS is an ideal property right arrangement on inspiriting and restricting human capital owner by comparing.更多还原