智力资本对成长期小微企业影响的实证研究

发布时间：2018-10-15 16:34

【摘要】：新常态下我国的经济格局发生了深刻变化,小微企业在稳增长、扩就业、调结构、促创新等方面将具有更大的腾挪空间。成长期小微企业智力资本要素包括:人力资本、创新资本、关系资本、组织资本、客户资本。由多元统计模型的回归结果可知,与智力资本有关的创新资本、关系资本、客户资本以及组织资本对于企业的金融负债率、净资产增长率以及资产负债率的影响系数均为正值,说明智力资本所包含的主要因素与小微企业的成长正相关。组织资本对于小微企业的净资产增长率和金融负债率影响较为显著,但是对资产负债率的影响相对不显著。研究发现:关系资本是小微企业成长的核心因素;创新资本是处于成长期小微企业提升企业绩效的动力源泉;市场能力是小微企业成长和发展的基石。小微企业持续发展的关键在于实现智力资本与企业战略的互动协调。
[Abstract]:Under the new normal, the economic pattern of our country has undergone profound changes, and small and micro enterprises will have more room to move in the aspects of steady growth, expanding employment, adjusting structure, promoting innovation and so on. The elements of intellectual capital include human capital, innovation capital, relational capital, organizational capital and customer capital. According to the regression results of multivariate statistical model, the influence coefficient of innovation capital, relational capital, customer capital and organizational capital on the financial debt ratio, net asset growth rate and asset-liability ratio of enterprises are all positive. It shows that the main factors of intellectual capital are positively related to the growth of small and micro enterprises. The influence of organizational capital on net assets growth rate and financial debt ratio of small and micro enterprises is significant, but the influence on asset liability ratio is relatively insignificant. It is found that relational capital is the core factor of the growth of small and micro enterprises, innovation capital is the motive source of improving the performance of small and micro enterprises in the growing period, and market ability is the cornerstone of the growth and development of small and micro enterprises. The key to the sustainable development of small and micro enterprises is to realize the interaction and coordination between intellectual capital and enterprise strategy.
【作者单位】：北京交通大学经济管理学院;
【分类号】：F276.3;F224

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