要素禀赋差异与企业产权博弈.pdfVIP

COMMERCIAL RESEARCH 2009/06 总第 386 期 商业研究 1 侃 文章编号: 1∞1 -148X (2 9) 06-∞45 -0币 要素禀赋差异与企业产机博弈 刘建秋 (湖南商学院会计学院，长沙 410205) 摘要:企业契约的参与要素包括财务资本与智力资本，不同要素的禀赋特征决定了要素所有权主体在 企业内部的谈判能力，企业的实质是要素所有者之间的一种递进谈判机制与过程。通过构建基于要素 禀赋特征的企业产权博弈矩阵，发现，不同社会经济状态下的要素禀赋特征内生决定了企业的产权安排 方式。因此，伴随着知识经济发展，智力资本拥有企业产权是社会经济发展的必然。 关键词:企业性质;要素禀赋;产权特征:智力资本;产权安排 中固分类号: F273.4 文献标识码:A Elemental Disp侃ition Discrepancy and Co叩orate Property Right UU Jian -qiu (School 0/Accounting ,Hunan Business College , Changsha 410205 ,China ) Abstract: The elements of enterprise contract include financìal capital and intellect capital. 四e nego出tìon ability of the elemental property right in the enterprise is decided by their disp佣ition characteristìω.ηle es民nce of enterpri田 in­ volves a forwaro negotiation mechanism and process of its owner. By structuri吨 garne matrix of ∞rporate property ri阱t based on the characteristics of the elemental disposition. the paper finds out the prope町 right arrangement is decided endogenously by the elemental dispositìon characteristics under different social economic state. 50 that intellect capital O啊回 pro严rty righ恼。f enterpris田 is a necessity of property right 缸回吨;ement with the development of social economy. Key words: corporate nature; elemental dis阳ition; pro严rty right characteristic8; intellect capital; pro严rty right ar- rangement 市场[1] ，这暗示了企业是要素所有者之间的契约，企 -、企业内部要素禀赋差异及其产权特征 业契约的交易和履行其实质是要素使用权交易的契