智力资本对券商类金融企业价值创造影响的研究

发布时间：2018-04-05 03:32

本文选题：智力资本　切入点：企业价值　出处：《南京财经大学》2013年硕士论文

【摘要】：随着新的时代——知识经济时代的到来，随着知识全球化的发展，企业生产发展的最重要的要素已经悄悄改变了，随之而来的是知识要素。作为知识运用的高地——高科技企业，它们的企业价值提升绝大方面需要依靠知识资源。然而知识这种无形资源与有形的物质资源相比，在企业的生产中具有独特的优越性，其主要的表现形式智力资本对企业的生产价值的提高与创造有显著关系。知识资源是二十一世纪企业创造生产价值的源泉，也是提升企业自主研发的关键。那么对于企业，该如何有效的利用知识资源来完善企业的智力资本，并利用智力资本来创造企业的生产价值，使企业在行业竞争中处于有利地位，提升企业竞争能力，创造企业的更大利润就成为论文研究的主要目的。作为知识密集型的券商类金融企业，智力资本对券商类金融企业价值创造的贡献也越来越显著。论文采用理论分析与实证研究相结合的方式，研究证券公司的智力资本价值创造能力。从理论分析入手，，对证券公司智力资本价值创造进行界定，分析了智力资本的要素与构成，并从三个角度分析了智力资本对金融企业的价值创造，提出券商类金融企业智力资本主要由人力资本、结构资本、关系资本构成。之后，通过建立两阶段的券商类金融企业价值创造过程，分析了影响智力资本价值创造的内部和外部因素，建立了基于价值创造的智力资本评价指标体系。在理论分析的基础上，选取16家上市证券公司作为研究对象，评价其智力资本价值创造能力。论文采集了样本证券公司2007年到2011年智力资本的相关数据，利用偏最小二乘（PLS）回归分析方法，评价证券公司智力资本的价值创造能力。通过辅助分析方法，分析影响证券公司价值创造关键因素，找出不同证券公司智力资本价值创造的差距，为进一步保持或提高智力资本价值创造提供理论支持，丰富了证券公司智力资本管理方法，对提高我国证券公司核心竞争力具有一定的应用价值。
[Abstract]:With the arrival of the new era-the era of knowledge economy and the development of knowledge globalization, the most important elements of the development of enterprise production have been changed quietly, followed by the elements of knowledge.As the highland of knowledge application, high-tech enterprises depend on knowledge resources to enhance their enterprise value.However, the intangible resources such as knowledge have unique advantages in the production of enterprises compared with the tangible material resources. The intellectual capital, as its main manifestation, has a significant relationship with the improvement of the production value and the creation of the enterprises.Knowledge resource is the source of creating production value in 21 century, and also the key to promote independent R & D.Well, for enterprises, how to effectively use knowledge resources to improve the intellectual capital of enterprises, and use intellectual capital to create the production value of enterprises, so that enterprises are in a favorable position in the competition in the industry, and enhance the competitiveness of enterprises.The main purpose of this paper is to create greater profits of enterprises.As a knowledge-intensive financial firm, intellectual capital contributes more and more to the value creation of securities firms.This paper studies the value creation ability of intellectual capital of securities companies by combining theoretical analysis with empirical research.Starting with theoretical analysis, this paper defines the value creation of intellectual capital of securities companies, analyzes the elements and composition of intellectual capital, and analyzes the value creation of intellectual capital to financial enterprises from three angles.The intellectual capital of securities firms is mainly composed of human capital, structural capital and relational capital.Then, through the establishment of two stages of the process of value creation of financial enterprises, this paper analyzes the internal and external factors that affect the value creation of intellectual capital, and establishes the evaluation index system of intellectual capital based on value creation.On the basis of theoretical analysis, 16 listed securities companies are selected as research objects to evaluate their ability to create the value of intellectual capital.This paper collects the data of intellectual capital from 2007 to 2011, and evaluates the value creation ability of intellectual capital by using partial least squares regression analysis.Through the method of auxiliary analysis, this paper analyzes the key factors that affect the value creation of securities companies, finds out the gap between the value creation of intellectual capital of different securities companies, and provides theoretical support for further maintaining or improving the value creation of intellectual capital.It enriches the intellectual capital management methods of securities companies and has certain application value to improve the core competitiveness of securities companies in China.
【学位授予单位】：南京财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.39;F275

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