Discussion On Value Distribution Mechanism Based On Knowledge Capital

In recent years,issues related to value distribution have gradually become the focus of enterprise financial management.In the enterprise value chain,according to the reasonable value distribution principle,constructing a scientific value distribution mechanism can effectively encourage the object of value distribution to create value for the enterprise.With the rapid development of knowledge economy,knowledge,as the main source of enterprise value creation,has become the key factor affecting enterprise value distribution.The 14 th five year plan emphasizes that scientific and technological innovation is the strategic support for improving social productivity and comprehensive national strength.For high-tech enterprises with technological innovation as the core,only by paying attention to intellectual capital can they obtain broad development prospects in the fierce market competition,and the value distribution mechanism is one of the important channels to promote the effectiveness of intellectual capital.In the opinions on implementing the value-added knowledge oriented distribution policy issued by the State Council in 2016,it is pointed out that in order to give better play to the incentive and guiding role of the value distribution policy,stimulate the enthusiasm,initiative and creativity of the majority of scientific researchers,and accelerate the transformation of scientific and technological achievements into real productive forces,all enterprises should actively respond to the value-added knowledge oriented distribution policy.As a benchmark in the communication industry,Huawei has overcome many difficulties and become a leader in 5g technology in China.One of the reasons for its success is that it has formulated a value distribution mechanism based on knowledge capital based on the principle of distribution according to knowledge.The mechanism attaches importance to the investment in knowledge-based talents and technology,effectively stimulates the subjective initiative of the company’s scientific researchers,and maximizes the value of knowledge capital.Through the combination of theory and cases,this thesis summarizes the successful experience of Huawei’s value distribution based on intellectual capital,which can be used for reference for other enterprises to build the value distribution mechanism in the future.In the theoretical research part,firstly,this thesis combs the research status of the meaning of knowledge capital,value distribution and the relationship between knowledge capital and enterprise value,expounds the research ideas and methods,and summarizes the framework of this thesis;Secondly,this civilization defines the connotation and characteristics related to knowledge capital,enterprise value and value distribution;Thirdly,this thesis summarizes and summarizes the evaluation methods of the effect of the value distribution mechanism based on knowledge capital,and constructs the evaluation system of its effect based on the balanced scorecard;Finally,it expounds the mechanism of realizing value from the three dimensions of technological innovation,talent development and knowledge capital as a whole.In the case study part,firstly,this thesis introduces Huawei as the case analysis object,and summarizes the characteristics of Huawei’s value distribution mechanism based on knowledge capital by introducing the company background,knowledge capital and the current situation of value distribution mechanism based on knowledge capital;Secondly,based on the balanced scorecard,this thesis constructs the evaluation system of the effect of Huawei’s value distribution mechanism based on knowledge capital.Through the combination of qualitative and quantitative methods,this thesis draws a scatter diagram using Huawei’s EVA,R &D expenses,wage expenses and after tax profits in recent ten years,observes their change trend,and uses Pearson correlation coefficient and Spearman correlation coefficient,Verify whether there is a significant correlation between them,so as to draw the conclusion that the representative data of value distribution mechanism based on knowledge capital have a positive impact on corporate value creation;Thirdly,through research and analysis,this thesis obtains the function mechanism of Huawei’s value distribution mechanism based on knowledge capital.Finally,based on the analysis and evaluation,this thesis draws the case study conclusion and Enlightenment: knowledge intensive enterprises should formulate a scientific knowledge capital value evaluation and distribution system and establish a perfect employee incentive mechanism on the basis of shaping the concept of equality for all,so as to promote the coordinated development of all dimensions of knowledge capital and provide strong support for the long-term development of enterprises.There are three main innovations and characteristics in this thesis.First,the topic of this thesis is relatively novel.At present,there are many thesiss on income distribution and profit distribution,but there are few thesiss on value distribution.Based on knowledge capital,this thesis enriches the research perspective and content of enterprise value distribution,and is conducive to promoting the progress of research on value distribution.Second,this thesis takes the high-tech industry as the starting point to define the connotation of intellectual capital.From the two dimensions of technological innovation and talent development,this thesis deeply studies the value distribution mechanism and effect mechanism based on knowledge capital,and reveals the specific path of value creation of enterprise knowledge capital.Thirdly,this thesis uses a combination of qualitative and quantitative methods,and uses Pearson correlation coefficient and Spearman rank correlation coefficient to verify the relationship between the value distribution mechanism of intellectual capital and its value creation effect,so as to make the demonstration more reasonable and sufficient.The deficiency of this thesis is that the selected case company Huawei is a non listed company,the information disclosed is not comprehensive,and it is difficult to obtain the data required by some non-financial indicators in the balanced scorecard,resulting in the lack of evaluation system.