Research On The Value Creation Of Technology Capital-Take Huawei Co., Ltd. As The Case

As a typical representative of China’s private enterprises to take the road of technologyresearch and development, in recent years, Huawei has achieved good results. In order to revealthe technology capital and it’s value creation function for the enterprises, this article uses casestudy method, through Huawei company case to analyze the principle of the formation andaccumulation of technological capital, while analyze the principles, processes and effects oftechnology capital value creation, conduct tentative estimates of Huawei’s technology capital,analyze the effect of Huawei’s technology capital value creation. By the above method, it analyzesand finds Huawei’s technology capital value creation superiorities.Based on the operating and financial data analysis of Huawei, this article is expandedfollowing the "background inquiry-the literature elaborate and theoretical review-casedescription and analysis-concludes", discusses Huawei’s technology capital development statusand trends, analyzes technology capital’s value creation effect of Huawei, looking for the methodsand experience of Huawei’s technology capital value creation.In this thesis, the content structure is divided into five parts, the first part is the introduction,the second part is the literature review and theoretical basis, and the third part is the casedescription, in this section, it carries preliminary analysis of the case enterprise developmentoverview, basic financial status, technical research and development overview. The fourth part is acase study, this section is the core of the thesis. In this section, it uses discipline theories ofeconomics, finance, and factor capital to analyze the technology capital path of Huawei, and thepreliminary estimates of technology capital. Also, we reveal the principles, processes and effectsof technology capital value creation. From the perspective of general growth value created bytechnology capital and factor capital synergy, it analyzes and discusses the effects of Huawei’stechnology capital value creation. The fifth part is the summary, pointing out the inadequacies ofthe article and related research recommendations for the follow-up scholars’studies.Results of this thesis can be attributed to the following four points:(1) To realize valuecreation function, technology capital need the process by the technology resources to thetechnology capital, in the process, technology resources form technology capital through research and development studies, and achieve technology capitalized through market transactions.(2)Differences in corporate philosophy and differences in technical nature will lead to differenttechnology capital acquisition mode. Technology capital formation pathway is usually divided intofour acquisition modes: self-developed technology, the introduction of technological capital,mergers and acquisitions and the technology alliances creation to foster technological capital.(3)Accounting Value of technology capital needs to adjust. When it conducts accounting oftechnology capital, intangible assets’ accounting data often do not reflect the true cost oftechnology capital, intangible assets need to be adjust, then seek the most realistic technologycapital value by reasonable alternative and computing.(4)The process of technology capital valuecreation is divided into factor resources input stage, technology capital formation stage,technology capital value creation stage. In this process, the technology capital value creation effectis mainly reflected in the output of technology capital, namely in the technology capital valuecreation stage.