A Design On Mechanism Of Value Driving Of Enterprise Based On Dualistic Property Rights

The human capital is fundamentality of an enterprise, which creates enterprise value,especially an enterprise in knowledge economy ages. However, the traditional value management theory and practice attaches importance to human capital and its system factor not enough, which results worth management of enterprise practice in various predicament, at the same time, which affects efficiency of creating enterprise value and embarrasses efficient exaltation of the enterprise value. It is a high time to cast off the jam of enterprise value management and traditional value management theory.Therefore, the text brings forward a standpoint of designing dynamic mechanism that can drive exaltation of enterprise value from angle of property rights system, governance system and distribution system, which takes importing human capital factor and radicating property rights of human capital as the foundation. The text adopts disquisitive mode of canonical study mostly, and the accessorial disquisitive mode is empirical analysis. The disquisitive method of the text is coalescent of qualitative analysis and quantitative analysis. The text synthetically manages basal theory and method of Management Psychology, Organizational Behavior, New Institutional Economics, Systems Engineering, Game Theory, and so on. On this foundation, the text spreads comparatively all-sided and embedded research of designing mechanism of value driving of enterprise based on dualistic property rights, which's aim is to offset scarcity of theory and method of traditional value management, bestir human capital, excavate potential of creating value and achieve upper exaltation of enterprise value.Firstly, the text takes correlative theory of New Institutional Economics as analytical tool to spread research that includes enterprise value and correlative problem of driving enterprise value. Secondly, the text adopts basal principle of Systematical Kinetics to analyze linkage mechanism that variance of enterprise system affects enterprise value. The author designs mechanism of value driving of enterprise based on the analysis. The whole framework of mechanism is consisted of three big modules of value driving, namely the dualistic property rights mechanism, the mutual governance mechanism and the value sharing mechanism. On this foundation, aiming at idiographic design on aforementioned three big modules of value driving respectively, the text outspreads embedded research:Aiming at three great scarcities of the traditional value management theories and introducing factor of human capital, the author first brings forward a conception of'dualistic and three genetic capital structure'and'dualistic property rights mechanism'. Besides, the text starts with the function of value driving for direction and puts up idiographic design on dualistic property rights mechanism. The author puts forward the idea of'the enhanced mend mechanism of hypothecary ability on human capital's venture'and'purchase money of the two phases on human capital's property rights'in this process. At length, the text takes modern management method, such as method of hiberarchy analysis and method of illegibility synthesis judgment as tool to designs'the method of continuous dividing'of initiatory purchase money on human capital's property rights and'the fuzzy evaluation and amendatory way of 360°'of dynamic adjustment, which offers gist for carrying out dualistic property rights mechanism.Because the station, status and behalf of owner of human capital transform constitutionally under dualistic property rights mechanism, value tropism and action fancy are resulted .With a view to analysis of value tropism and action fancy, the text analyzes pattern of enterprise benefit and influencing magnetic field of value under dualistic property rights mechanism. With this understanding, the text draws a conclusion there are'the pattern of three group benefits'and'the influencing magnetic field of three genetic values'under dualistic property rights mechanism. Thus the text brings forward a point that corporate governance should be'from unilateral governance to mutual governance'. Subsequently, the text starts with the function of value driving for direction, combines basal characteristic of dualistic property rights mechanism and thinks over behalf fancy and value tropism on shareholder of human capital, shareholder of physical capital and behalf of creditor. Furthermore, the text thinks information status and function have difference in process of creating enterprise value. And the text designs mutual governance mechanism, which is made of'mutual decision-making mechanism','mutual diversion mechanism','invigorative and introductory mechanism'and'complementary mechanism of social governance'.To start with the analysis of station and status of enterprise capital's owner for foundation under dualistic property rights mechanism, the author puts forward the standpoint of'from value distribution to value sharing'. The text makes use of the game thought on Game Theory and analyzes influencing effect of value sharing system to enterprise worth ,then gets the conclusion that'value sharing mechanism can carry out reflects on Pareto Effect of enterprise value'. On this foundation, starting with the function of value driving for direction, the text designs value sharing mechanism of enterprise. The value sharing mechanism is made of'the gain sharing mechanism of secondary pecking order','the mechanism of contingent accountability and losses paying'and'the mechanism of double gain and reckoning'.Finishing above design on module of value driving function, the mechanism of value driving of enterprise that is put forward by the text can be put into effect based on dualistic property rights. In order to check up aforesaid research, the article bases correlative data and information of QJ construction design institute for analysis of demonstration in 2002~2007. As a result, the analysis makes know three contents. Firstly, the mechanism of value driving of enterprise can optimize inner scheme on right, duty and benefit based on dualistic property rights. Secondly, it can alter value tropism and action tropism of the owner of human capital in an enterprise. Thirdly, it can urge the owner of human capital work out choice that is propitious to exaltation of achieving enterprise value on theirs own initiative. Sequentially,'consistent prompting'can come true. In a word, the mechanism of value driving of enterprise makes for driving upper exaltation of achieving enterprise value, it also validates conclusion of the article.In a word, the mechanism of value driving of enterprise holds the human capital based on dualistic property rights, which is main factor in driving enterprise value. One the one hand, it holds the core _prompting human capital and excavating potential of creating enterprise value. On the other hand, passing innovating system and mechanism rebuilt, the enterprise value is droved effectively. Comparing with other research, the mechanism of value driving of enterprise has three advantages. First of all, it inaugurates new angle of view of enterprise value management and designs new thought of driving enterprise value. In the next place, it not only perfects management theory and method system of enterprise value but also offers ideaistic and methodological guidance of enterprise value on managing practice. In the end, along with the knowledge economy deepens ulteriorly, the status and function of human capital will be outstanding in creating enterprise value ulteriorly, and the mechanism of value driving cannot but display powerful efficiency in driving value.