High-tech Listed Company Human Capital Property Configuration

With the development of knowledge-based economy, human capital value rises unceasingly, human capital owners' position in creating and distributing wealth hoists step by step, human capital owners have been becoming the persons who sharing enterprise surplus gradually, the allocation of property rights of enterprise human capital becomes the decisive factors affecting income and added Value of human capital in enterprise. By far, although human capital property rights theory has already got great achievement, there are a few studies on the allocation of property rights of human capital in high technology companies. For this reason, I summarized the status quo of studies on property rights of enterprise human capital systemically in this paper. On this basis, I do research on the allocation of property rights of human capital in high technology companies by make a cooperative game theory model, which proves that the best form of the allocation of property rights of human capital in high technology companies is sharing the "rent of organization" by both the owners of capital and the owners of human capital.I also do research on the practical form of income of human capital owners by using the sample data about high technology companies in Shanghai stock market and Shenzhen stock market. The research indicates that: although more and more enterprises put income-distributing forms, such as Employee Stock Ownership, Stock options and Annual Salary into practice, Employee Stock Ownership, Stock options exist in several enterprise, most enterprises put Annual Salary into practice mainly; the proportion of being stockholders in top managers is small; the amount of stocks which top managers hold is small, most top managers hold no stock.Conclusions from the research on the practical form of income of human capital owners as follows: although high technology listed companies have large dependence to human capital, sharing portion to "organization rent" of human capital owners is not higher than which in non-high technology companies; although position of human capital owner has already got lifting, sharing portion to "organization rent" of human capital owners is smaller than capital owners, in conclusion,, although human capital owners have already shared the "organization rent ", compared to capital owners, human capital owners are still being in inferior position in the process of allocation of property rights of human capital in high technology companies. So far, there is no sign indicating that high technology companies show the trend of being "Labor-Managed Firm".