Analysis On Motivating Mechanism Of Human Capital Property Right In High-tech Private Corporation

Along with the high and new-technology industries' development, the high-tech private corporations are developing fast too. Compared with the foreign high-tech corporations, our domestic private corporation's scales are much smaller; the technology innovation capability is weaker. So they faced difficulties to involve in the international economic competence. One of the reasons is the motivating mechanism of human capital property right have reentrance. It leads to the key technical and young managers' job-hopping for they can't see the future. This circumstance result the talent crisis and capital right's lacking. Human capital plays a key role in high-tech corporations' developing and grandness. So it has practical guiding significance to study on the motivating mechanism of human capital property right in high-tech Private Corporation. High-tech Private Corporation is a two-fold dependence contractual arrangement of human capital and material capital. And human capital's impaction is more and more important. This article discussed the motivating mechanism of human capital property right in high-tech Private Corporation on the basis of human capital theory.Form the view of human capital theory, Human capital is a kind of initiative asset. Its carrier totally controls the development and utilization of it, and makes it difficult to supervise. At the same time there are difficulties in measuring human capital, and it is easy to result the behavior of adverse selection. So in the course of human capital investment and utilization the first thing we must solve is the motivation of human capital. However, motivation's essence is capital arrangement. Efficiency motivation human capital motivation lies on the effective capital arrangement. The nature of the firm determined the main body of the enterprise's ownership is the unity of human capital and material capital. Human capital should engage in the enterprise's allocation as one of the ownership like material.From a special point of view of our nation's high-tech private corporation. The motivation of human capital property right is to achieve the human capital's participation of enterprise's ownership which includes residual rights of control and residual claim. Stock ownership of human capital's can solve this problem effectively. The best advantage of stock ownership motivation plan is turning the firm's value to a variable of its operator's income function. Then build a long time motivation mechanism to optimize the enterprises govern structure. Currently, it is necessary to execute the motivation mechanism of stock ownership in high- tech Private Corporation. Option motivation and subscription option motivation. Those models have both advantages and disadvantages. This article discussed a case on the base of analysis the human capital's stock ownership achievement form in high-tech Private Corporation. Take HT corporation in ChangSha as example, particularly clarified the specific apply form of the subscription option motivation. Then on base of the whole article's analysis, bring forward the best form of human capital property right in high-tech Private Corporation is subscription option motivation.