Econometric Model Based On The Remaining Income Distribution The EVA Of Human Capital And Research Implementations

The modern enterprise theory believes that the enterprise is a special contract which is composed of human capital and material capital. The combination of human capital and material capital is the process of residual income creation. Thus the residual income ought to be shared by both. But one of the problems is that the residual income is the traditional net profit, or the economic value added (EVA) with shareholders cost deducted. In this paper, we introduce the EVA into the pattern of human capital's income distribution, and ensure that EVA is the resident income which is shared by human capital and material capital instead of net profit. The second problem is to decide the possessive proportion of them in the pattern of EVA. The third one is the internal division of the human capital's part of EVA. This kind of computation and segmentation problem has always been the concern of theory and enterprise circles. This thesis reviewed the literature on the confirmation of the human capital's claim to residue, computing method and the application of EVA. According to the income distribution theory, the contractual theory of the firm, and the human capital assets theory, we attempted to construct a new distribution mode on the basis of detailed analysis of specificity of human capital and the review of existing distribution modes. We solved the three problems from qualitative aspects mainly by introducing the EVA.For those problems, we focused on the computation problem of EVA and the accounting adjustment, united the EVA and the human capital income distribution, and designed a mathematical model of the EVA partition between human capital and material capital on the basis of their contribution. The proportion of the partition is determined by the input-output benefit. After that, we used the "EVA comprehensive evaluation card" to evaluate the performance of various kinds of human capital, and constructed mathematical model of the internal EVA partition for human capital by considering the importance of the posts. This model can determine the contribution of individual human capital and solve the measurement problem in human capital income distribution on the whole.Finally we adopted EVA bonus scheme and EVA stock option to implement the pattern of human capital income distribution. After introducing these two methods, we gave suggestions corresponding to the policy and measures. The purpose of the paper is to enlighten and benefit the practical activities of human capital gain sharing in enterprises.