Theoretical And Empirical Research On The Human Capital Value In High-tech Enterprise

In the rapid development of high-tech enterprises, superior to material capital and financial capital, human capital has become the most significant resources in the growth and development of high-tech enterprises. Innovative capabilities take the engine role in high-tech enterprise' existence and sustainable development, and also are the essential determinants of high-tech enterprises' value creation. And human capital is precisely the origin of high-tech enterprises' sustainable innovative capabilities.Only by fully understanding the importance of human capital, comprehending the rationales related with the formation, development and realization of human capital value, and establishing human-oriented corporate culture, could the high-tech enterprises take effective stimulations and scientific management towards human capital. And then the tremendous risks in the business operation could get avoided or dispelled. Taking the value theory, firm theory and human capital theory as the theoretical backgrounds, the dissertation studies the basic principles existed in the formation, development and realization of human capital value from the aspects of the formation mechanism, the investment and integration, and value appreciation. Empirical research reveals the relationship between the human capital value operation and enterprise performance in high-tech industry, and delivers useful references which benefit further management of human capital value.This dissertation is divided into eight chapters.The first chapter is the introduction, which introduces the background and significances of the research work, implements literature review, proposes the research framework, research contents and methodologies.The second chapter elaborates the theoretical foundation of human capital value research, including value theory, firm theory and human capital theory.The third chapter analyses the formation and influencing factors of human capital value in high-tech enterprises. The definition and classification of human capital value of high-tech enterprises is presented, the importance of human capital value is analyzed based on game theory, the six principles in the formation of human capital value is proposed, both personal level and collective level of human capital value formation is expatiated, and the influencing factors of human capital value formation are discussed from the macro-economic and policy aspect, the family and personal aspect and firm aspect.The fourth chapter studies the investment and integration of human capital value in high-tech enterprises. Human capital investment in high-tech enterprises is composed of initial investment, learning investment and integration investment. This chapter analyzes the main approaches of human capital value investment, proposes the investment decision framework of human capital recruiting based on the perspective of individual-organization match and the expected revenue-cost balance, explains the adverse selection and the avoidance of that in the human capital recruiting, and then analyzes the game process of further learning investment of human capital taking the example of corporate training. The core of human capital value integration is based on the transferring and interaction among different units. The integration process model of human capital value is proposed, and the process of integration is passed through individual human capital, team human capital and organizational human capital. And three approaches of integrating human capital value is advanced, namely, boosting comprehensive human capital value management, creating knowledge-sharing environment, and building learning organization.The fifth chapter investigates the value appreciation of human capital. The dynamic factors of human capital value appreciation are presented, and the "driving force-strategy-tactics" model of human capital value appreciation is proposed. The author advances four modes to realize value appreciation: learning strengthening, responsibility promoting, innovative spirit nurturing and the increase of expected individual revenue; and then presents the human capital value management framework in high-tech enterprises.The sixth chapter researches into the realization of the human capital value. The realization process model is proposed from knowledge perspective; the realization mechanism of human capital value is put forward based on knowledge sharing and transferring, internal knowledge market and knowledge innovation; the model of knowledge-based transfer of human capital into organizational capital is established; and the transferring tactics between individual level and group level is analyzed.The seventh chapter presents empirical research of human capital value operation in Chinese high-tech enterprises. Through questionnaire investigation, the chapter analyzes the basic situations of human capital in Chinese high-tech enterprises, including recruiting, training, flowing and integration. Then the author constitutes notional model to show the effect of human capital operation on corporate performance, and carries out statistical analysis with the help of the software SPSS13.0 and AMOS4.0. The result shows that the operation of human capital is positively related with the performance improving of high-tech enterprises. However, influence diversity exists concerning different operation tactics. The eighth chapter is the conclusion and research prospect.The main innovative points of the dissertation includes: (1) proposing the connotation of human capital value integration, constructing the human capital value integration process model, and advancing the ways of human capital value integration; (2) constructing the "driving force-strategy-tactics" model of human capital value appreciation;(3) presenting the model of knowledge-based transferring of human capital into organizational capital; (4) constructing structural equation model (SEM) to research into the relationship between corporate performance and human capital operation, and carries out empirical analysis using SPSS13.0 and AMOS4.0 .The conclusion shows that the operation of human capital value has positive influence on the four dimensions of corporate performance (financial dimension, growth dimension, image dimension and staff dimension), and different operation tactics of human capital value has different influences.The dissertation combines qualitative and quantitative research, which presents the investment, integration and realization of human capital value through theoretical research, and also carries out empirical research through interviews and questionnaires. Furthermore, the dissertation constructs SEM to testify the theory through using SPSS13.0 and AMOS4.0 software.