Research On The Relationship Between Human Capital With Heterogeneity Of Executive Family Background And Enterprise Performance

In the second World War,the war dealt a devastating blow to the industrial resources,even the population resources of Germany and Japan.After World War II,however,after just over a decade of development,their economy quickly caught up,even surpassing the trend of the size of the American economy,the only beneficiary of World War II,which is an inexplicable phenomenon in classical economics.Schultz innovatively put forward the factors of human capital.Unfortunately,Schultz only put forward the influencing factors of human capital,taking the elements of human capital as the development factor.In addition,Schultz and the researchers at the time did not find the right,convincing quantity.The channel and way of transforming human capital.The latecomers,including today's academic circles,look for heterogeneity to quantify human capital,and then put forward the concept of heterogeneous human capital.In the study of heterogeneity,this paper further puts forward the attempt of individual human capital and group human capital.Although a considerable number of scholars quantify the cost of talent training and regard it as human capital,The cost of investment is obviously not proportional to the role played by the nature of capital,that is to say,it may not be feasible to measure the ability to pay.All in all,at present,it is more realistic to use the index of localization in China to measure it.From the point of view of individual indicators,these local indicators,including their own gender,age,length of service,experience,seniority,identity role,composition and so on.Of course,these elements need to be further developed.From the point of view of group index,we should emphasize the cohesion of the team.If there is no hypothesis of cohesion and one-sided emphasis on the human capital of the group,it is contrary to the nature of human capital-the human-oriented role,because of the characteristics of the individual in the team.For example,identity,status and other background factors,It is not necessarily possible to integrate into the characteristics of the group,which reflects the role of the human capital of the group.This paper studiesthe relationship between heterogeneous human capital and corporate performance of family background cohesion,taking group human capital as the entry point.This cohesive force must be the incentive effect under the premise of constraint,otherwise,from a management point of view,the absence of constraint will allow the incentive to make the incentive act out of control.From the perspective of management,it deviates from the principle of property right hedging and appreciation of capital.Human capital also acts as capital,but also has its property right,value preservation and equity appreciation.Therefore,the human capital on the group should be the system of corporate enterprises.And the mechanism effect is played under the common action of the internal system framework.This paper studies the relationship between the heterogeneous human capital of senior management family background and corporate performance,and the relationship among corporate performance,equity framework and family involvement of listed family firms.Analysis and exploration.From the point of view of the main contents of this paper,there are mainly:Firstly,the measurement and definition of family involvement are studied,and the concept is described concretely.This paper studies and measures family involvement from the two levels of management power and ownership,and lays the foundation for obtaining information in different levels of involvement through empirical research.Secondly,this paper studies the characteristics of the equity framework of family firms.The entry point is the relationship between shareholders.It also studies the impact principle and related mechanism of corporate performance,equity framework and family involvement.Based on the theoretical basis of previous studies,five hypotheses of this paper are put forward.Selecting the data of listed private enterprises from 2014 to 2017 and combining with SPSS22.0 analysis,the paper concludes that there is a positive correlation between the age heterogeneity of top management team and company performance,a negative correlation between the career heterogeneity of top management team and company performance.There is a negative correlation between family involvement level and corporate performance,and a negative correlation between the deviation coefficient of cash flow rights and control rights owned by actual controllers and corporate performance.Based on the conclusion,thepaper finally gives the future development of private enterprises under the background of senior managers' family and management countermeasures.This paper focuses on the heterogeneity of the executive family in private enterprises and the application of human capital theory.Although many researchers are committed to standardizing the definition of family involvement from this point,the research content in this area is not mature enough.Using family background as a benchmark to quantify managerial human capital,and theoretically analyzing the relationship between heterogeneous human capital of executive family background and corporate performance can enrich the research of human capital theory at the micro level.