The Research Of Intellectual Capital Affecting The Brokerages Financial Enterprise Value Creation

With the new era of the knowledge economy and the development of theglobalization of knowledge, the most important elements of the production havequietly changed. High-tech enterprises need to rely on the knowledge of the value toenhance substantially resources. However, the knowledge of such intangibleresources compared with the physical resources has unique advantages in theproduction of enterprise. Intellectual capital on the improvement of the productionvalue has a significant relationship. Knowledge resources are the source of enterpriseto production value. So to the enterprise, how to use resources to improve theintellectual capital? How to create the production value of the enterprise? Enhancecompetitiveness and create greater profits have become the main objective to theenterprises. As a knowledge-intensive brokerages financial enterprise, intellectualcapital has an increasingly significant contribution on brokerages financialenterprise’s value creation.The paper combines the theoretical analysis and empirical analysis. Research thesecurities company’s ability to create the intellectual capital value. From thetheoretical analysis, we define the value of the intellectual capital of securitiescompanies, then analyzing the elements of intellectual capital. The brokeragesfinancial enterprise intellectual capital is mainly composed of human capital,structural capital and relational capital. Then, through the two-stage type of financialbrokerage enterprise value creation process, analyzing the internal and externalfactors that affect the value creation of intellectual capital.On the basis of theoretical analysis, select18securities companies as researchsubjects. Evaluate its intellectual capital ability about create value. The paperscollected the sample of securities company’s data from2007to2011. Use partial leastsquares (PLS) regression analysis method to evaluating the securities company’sintellectual capital. Analysis the main factors what affecting the value of the securitiescompanies. Provide theoretical support to maintain or improve the value of theintellectual capital. There is a certain value for improving the core competitiveness ofChina’s securities companies.