人力资本保留基于实物期权的分析(国外英文资料).docVIP

人力资本保留基于实物期权的分析(国外英文资料) The introduction Strategic human resource management of human resources management and corporate performance in the relationship between a large number of empirical study, the results show that the high performance human resource practices and there is a correlation between enterprise performance, human resource is most likely the source of enterprises core competence and sustainable competitive advantage, is beneficial to the companys long-term financial performance. Becker Huselid think human resource practices affect enterprise performance, there are two reasons: one is the artificial cost is an important part of the cost of production, human resources management is to reduce the production cost; Second, the practice of human resource management is an inimitable resource, which is the source of enterprises production and acquisition of competitive advantage. With the development of the theory of resources, the latter is given more attention, and the human resources is the strategic asset of the enterprise. Since the human capital is a strategic assets of enterprises, it also faces the risk of loss value, including capital depreciation obsolete (skills), capital loss (turnover), such as position change form. Real option theory is the important tool of risk management, it is about the physical assets of contracts, options, the owner can choose whether to delay further investment for these assets and minimize the risk of asset depreciation and maximize the chance of asset appreciation, and thus maintain the stability of real asset returns. Bhattacharya wright, for the first time, applied the theory of physical options in strategic human resource management research, and conducted the study of human capital options. But their research is essential and framework, this paper on the basis of briefly reviewed the real option theory and human capital options, analyzed the risk of human capital reserves (or flow) and enterprise how to use human ca