人力资本保留基于实物期权的分析(国外英语资料).docVIP

人力资本保留基于实物期权的分析(国外英文资料) Introduction Strategic human resource management on the relationship between human resource management and corporate performance empirical research, a large number of results show that there is a positive correlation between high performance human resource practice and organizational performance, human resource is the most likely source of the enterprises core competence and sustainable competitive advantage, is conducive to the companys long-term financial performance. Becker Huselid that human resource practices affect the firm performance for two reasons: one is the labor cost is an important part of the cost of production, human resources management can reduce the production cost; the two is the practice of human resource management is not imitation is the source of enterprise resources, and gain competitive advantage. With the development of resources based on the theory, after a reason to get more attention, that the human resource is a strategic asset. Since human capital is a strategic asset of enterprises, it is also facing the risk of losing the value of the problem, including capital depreciation, capital loss (skills obsolete) (turnover), job changes and other forms. Real option theory is an important tool of risk management, it is about the real assets contract, the owner can choose whether to delay option further investment in these assets, the depreciation of the assets to minimize risk and maximize the chances of asset appreciation, and thus to maintain physical assets income stability. For the first time, Bhattacharya Wright, the application of real option in the study of strategic human resource management theory, the study of human capital options. But their research is the foundation and framework, this paper briefly reviews the theory of real options and human capital options, focuses on the analysis of human capital reserve (or flow) how the risk and enterprise use option theory of human capital to manage these risks a