Evaluation And Simulation Of Human Capital Investment Income Of The Small And Medium-sized Technological Enterprises

Recently, the small and medium-sized technological enterprises are the largest quantitative and most active power of technology industry. They are also the main force in technological innovation and management innovation. As far as the small and medium-sized technological enterprises whose core is innovation to be concerned, one of their marked characters is that they have lower proportion of tangible assets and higher proportion of intangible asset. In addition, intangible asset mainly signifies the human capital, so it goes without saying that human capital plays an important role in innovation. As a major component part of enterprise's investment, human capital investment effect directly affects the enterprise's survival and development in keen market competition. As a result, it is widespread problem for the small and medium-sized technological enterprises that how to evaluate scientifically and forecast accurately the income level of human capital investment.With a large amount of literature research on human capital investment, factual questionnaire survey and expert consultation, this paper analyzes the human capital feature of SMTE (small and medium-sized technological enterprises), and summarizes some factors which affect these enterprises'human capital investment income. It uses the interpretive structural model to analyze the interaction and hierarchies among these factors, finds out about the crucial factor, and constructs the influencing factor system of SMTE's human capital investment income. Then, on the basis of the theory and method of system dynamics, this paper gains the cause-effect relationship which exists in the process of human capital investment income, builds system dynamic variable sets, equations and flow diagram, selects the survey data of SMTE for initial value in simulation, emulates the input-output process of human capital, investigates the input proportion of each capital, compares income level's variation tendency to each other's, and finally, evaluates the income level of human capital investment. This paper draws the conclusion that human capital investment income is a non-linear dynamical process; it offers a reference for SMTE to dynamically forecast the investment income of human capital and reduce the investment risk of human capital. Figure13Table11Reference67...