Study On The Mechanism Of Human Capital Investment In Enterprises Under The Background Of Information Asymmetry

The era of knowledge economy, human capital as core capital elements driven the value of enterprises, has become a strategic financial resources decided the success or failure of the enterprise competition, therefore, as an important means to improve stock and quality of the enterprise human capital, the status of human capital investment is rising naturally in the enterprise investment activities. But in the practice of enterprise human capital investment, information asymmetry between enterprises and employees has leaded to a series of problems such as improper object selection of human capital investment, dislocation of content investment, insufficient realization of investment value, which influenced seriously to the actual effect of human capital investment in enterprises -the strategic investment activities. However, the existing studies about human capital investment seldom fully consider the negative effects of information asymmetry between enterprises and employees on enterprise human capital investment, based on this, the investment mechanism also can not fundamentally improve the enterprise investment in human capital. Therefore, exploring the mechanism of human capital investment, reducing the negative impact on the human capital investment of enterprise caused by information asymmetry, improving the effect of the human capital investment are imminent.In view of this, aiming at the problem of asymmetric information in the process of enterprise human capital investment, this thesis use the modern management theories and methods as research tools, such as financial management theory, principal-agent theory, screening theory and so on, centering on the problem about the investment of object selection, the determination of investment scheme and the realization of investment value to human capital investment. According to the problems of information asymmetry in the process of the investment of object selection, starting with the analysis of concealment about the characteristics of ideal investment object, exploring and constructing the mechanism about investment of object selection. According to the problems of information asymmetry in the process of the determination of investment scheme, starting with the analysis of demands of interest from potential investment target to pursue their own utility maximization, constructing the determination mechanism of investment scheme. According to the problems of information asymmetry in the process of realization of the value about human capital investment, starting with the analysis of problems about the value realization of human capital investment under the background of information asymmetry, constructing the realization mechanism of investment value that composed of the strengthening mechanism about risk of mortgage ability and the incentive mechanism of the equity about human capital.The conclusions of this topic have important reference significances to enrich the management theory about human capital investment, the theory of factor capital and guide the practice of enterprise human capital investment.