The Method Research On Executive's Intellect Resource Capitalization Of Listed Company

The executive's intellect resource capitalization means that the executives get the company's ownership right and surplus value assignation right by converting their intellect resource into company's intellect capital, so they can assign the company's profit, its objective is stimulating the top managers in company. There are many methods of intellect resource capitalization, the most popular are the system of yearly-paid salary and stock option incentive including PS,SARS and ESO etc.In 21 century the world economy steps into knowledge economy, intellect resource becomes more and more important production factor, especially the top manager's intellect resource is one of the decided power that can determine the company's development. In order to stimulate the top manager working hard for the company , the owner of the company must share the surplus value with intellect capital's owner, this is a better solution to the Principal-Agent relationship between the stockholders and operators.This article probes into intellect resource's capitalization of top manager in listed corporations in China because the listed corporations generally operated on a market-oriented base, with open information and a good asset, so the listed corporation is a good sample for the research, the research result can provide the powerful evident for the situation of top manager's intellect capital incentive in china by analyzing the effect result to the corporation's performance after applying the incentive. The article illuminates the theory basis of intellect resource's capitalization after explaining the research background and research meaning, and introduces the method of capitalization, then designs the key factors of the capitalization's process. In addition, we collect large amount data of listed company to carry out some empirical analysis on the relationship between the intellect resource's capitalization and the corporate performance, and put forward the conclusion and relevant suggestions in the end.