Study On Theory Of Intellectual Capitalization

The research of Intellectual-based economy is mainly more concentrated than three discussions of realms: valuation of the Intellectual, the Intellectual innovation and the Intellectual value exchange. Along with the development of the Intellectual-based economy and the change of the change of the social economy structure, many economic phenomena worthy to be considered appear. But the economic educational circles had been pay attention to the allotment of the social product or the social benefits. Along with the variety of the Intellectual function, the Intellectual factor has separated from other production factors and existed as an important factor independently. The Intellectual factor play a predominance role in the worth creations of the business enterprise. The most important capital is Intellectual capital not the traditional wealth and properties capital again in the business enterprise. The Intellectual capital theory is an importance part of the Intellectual-based economy theories. It is brand-new school developing in the end of 1980s. In the Intellectual-based economy ages, the Intellectual capital theory is the basic tool of comprehending the business enterprise management activity and the theory instruction that the business enterprise keeping on competitive advantage. The Intellectual capital theory delivers a new theory frame for the Intellectual innovation, the Intellectual harnessing and protecting and adapts the new variety of business enterprise capital running and management in Intellectual-based economy ages. Currently, the problem of Intellectual transformation and how to allot the business enterprise income by Intellectual capital, is concerned. Because the Intellectual capital participates the business enterprise income allotment, is the Intellectual value; is also the concrete performance of the Intellectual value. And the Intellectual capitalization theory is put forward according to the following reasons: (1) The Intellectual function of the economic growth can't be replaced. (2) The Intellectual becomes the independent production factor of the business. (3)the Intellectual owners request Intellectual capitalization objectively. The research of Intellectual capitalization theory has great significance. Speaking from the macro view, at the current economic ages, the Intellectual capitalization will never been an accidental phenomenon, but the inevitable outcome of the Intellectual-based economy development. The development of the Intellectual-based economy makes the Intellectual resources'function in the economy strengthen of the economic growth, replacing the material resources, which makes the Intellectual capitalization certainly. Intellectual capitalization can push the further development of the Intellectual-based economy. The Intellectual capitalization is the essential condition to establish the modern business enterprise organization adopting the Intellectual –based economy. It is a unique choice to stir up the worker increment human capital investment and exalt their characters. Also, it is a valid measure to raise creative speed of the social Intellectual and technique innovation. Speaking from the tiny view, the Intellectual capitalization's function on Intellectual innovation, exalting competitive advantage of the business enterprise; exalting the human resource character, reducing the bargain cost and tiding short-term behaviors of the Intellectual capital proprietor, can't be estimated. The Intellectual factor isn't natural capital. It is the outcome that the Intellectual-based economy develops to the certain stage, and it can convert into capital under the certain condition. Firstly, the economic value attribute, the merchandise attribute and the foundation of the Intellectual capitalization. Secondly, the environment condition is the essential condition the necessary means and measure and the end assurance of Intellectual capitalization.The Intellectual capital is a kind of surplus value belong to business enterprise or personal, which is a conversion of Intellectual under the certain condition, and can bring the advancement value to the personal or the business enterprise. Also to say, the Intellectual capital is the Intellectual that can convert into market value. For business enterprise or personal, it is the Intellectual and the technical ability, which they own and can bring profits. The Intellectual capital has two existence forms: explicit Intellectual capital and tacit Intellectual capital. This kind of Intellectual capital composing can be called E-T structure. Explicit Intellectual capital is easy to outside show. It is a kind of Intellectual capital with personal or business enterprise creating be concrete labor, such as the invention, work, theory etc. explicit Intellectual capital includes the human capital and property tight of Intellectual capital. Others can't share tacit Intellectual capital easily, which is accumulated by personnel and organization. The personal fame, management experience and management ability are personal tacit Intellectual capital. The culture capital, the sever quality and company fame are the tacit Intellectual capital of business enterprise. Comparing with explicit Intellectual capital, the characteristics of the tacit Intellectual capital are not easy to be comprehended and controlled by others. So the tacit Intellectual capital is embodied in three aspects: the management capital, the marker capital, and the innovation capital. But we should know that, the tacit Intellectual is not the algebraic sum of that three aspects; it is the core strength of the business enterprise d3velopment. As a special production factor, the characteristics of the Intellectual capital are different from the material capital. It doesn't only have the attribute of the general capital, but also have some peculiarity, such as: (1) the dual character of the Intellectual capital (2) the repellence and sharing of the Intellectual capital (3) the timeliness and losing of the Intellectual capital (4) movement of Intellectual capital (5) the invisible and dependency of Intellectual capital (6) the innovation and appreciation of Intellectual capital (7) the advancement of the Intellectual capital. The value of Intellectual capitalid composed of the value of explicit Intellectual capital and tacit Intellectual capital.Intellectual capitalization is the process of people converting the Intellectual labor and the achievement of Intellectual labor into the capital. The Intellectual capitalization is one of the important characteristics of the process of production and managing as a production factor. It turns Intellectual capital into a real production ability that produces income and pursues benefits. The Intellectual capitalization mainly fixes attention on the Intellectual conversion and the business enterprise surplus allotment. The Intellectual capitalization id the foundation of the Intellectual-based economy, and it is the concrete performance of the Intellectual value, also. The Intellectual capitalization is a process that converts Intellectual for the capital. In this process, Intellectual is threw into business enterprise in various different way as produce capital, mixing conversion as realistic productivity, and making Intellectual capital owners participate the business enterprise surplus value allotment as certain rate. The property right of Intellectual capital is a kind of objective existence. The owner of property right of the Intellectual capital, will hold the predominant position of the Intellectual capital allotment relation. The Intellectual capital is not only a kind of production factor, but also extends the living labor. Therefore, in the aspects of producing a result to assign, the Intellectual should obtain to a correspond quota of produce result, no mater allotting by production factor or labor. Because the Intellectual capital internalize the new value created by labor, its value id more worthy than the value created by simple labor. So the production result quota acquired by Intellectual capital should be a great comparison. We should analyze the Intellectual capitalization problem with personal property right. This is mainly decided by the source of Intellectual capital creation its development process and its character. The Intellectual capitalization mainly has five decisive steps. The first, we should determine the business enterprise surplus, which is the foundation of the Intellectual capital proprietor and the finance capital proprietor profits allotment. The second, the measure of the Intellectual capital value, which relates to thefeasibility and validity of Intellectual capitalization, for the character of Intellectual capital. The third, we should determine how to divide the business enterprise surplus, between the Intellectual capital proprietor and the finance capital proprietor. The forth, the method the Intellectual capitalization carried out. The fifth, we should determine the integrations which can ensure that the Intellectual capitalization implement successfully. Because of the Intellectual caption has the particularity, the complexity and the indetermination, its value difficult to calculate compared with the finance capitals. So the Intellectual capital value calculation is a difficult problem in the world. Through the research in the past decade at home and abroad, some experts and scholars put forward some thinking and mode, but their thinking and mode all exist some blemishes. So the value of Intellectual capital usually is underestimated. If we estimate the Intellectual capital value at an angle of economic value added (EVA), the Intellectual capital value can be reflected accurately. According to "personal"ship theory of the Intellectual capital, the proprietor of the Intellectual capital mainly includes the managemental staff, the technical staff and the marketing staff of the business enterprise. Intellectual capitalization actually is the three types of personnel's Intellectual capitalization. Because these two types of Intellectual capital proprietor'functions in the production management process are different, the modes of their Intellectual capitalization should be also different. At the business enterprise merger, we should carry on capitalization analysis of the Intellectual capital belong to the business enterprise. The basis that measures the Intellectual capital value is not the cost, which the Intellectual capital individual proprietor obtain it, but the profits and the outlook of the business enterprise brought by Intellectual capital. The mode of the Intellectual capitalization mainly has the following three. (1) The net profit sharing mode For the business enterprise technical ability type of the Intellectual capital proprietor, such as crucial R&D personnel and the technical personnel masteringappropriation Intellectual which relate to the business enterprise core competencies etc, they can't, even don't want to undertake the business enterprise of management risk. So, the smooth path they share the business enterprise surplus according to their Intellectual capital, is the net profit sharing mode. That means in the certain term, the Intellectual capital proprietors and the property capital proprietor similarly share the business enterprise of growth profits as the engagement comparison acquire. (2) The sharing mode as stock or stock right This mode means that personal ownership of the Intellectual capital convert into stock right, the owners attain their part income from the business enterprise surplus profits by stock right. It is applicable to stock company and limited company.This kind of n\mode is applicable to the senior managers and the key technology personnel. But the operation mode is different. (3) The stock option sharing mode The stock option sharing mode is a net income assign way, which is base on the appreciation of company stock, applicable for listed company. We carry out this kind of mode to make the Intellectual capital proprietors pay more attention to the company's future. This mode has incentive function over a long period. Therefore, what the Intellectual capital proprietor share is the value of the business enterprise growth. The Intellectual capital's participating the business enterprise surplus allotment can't be done at one kick, it is a developing perfect process gradually. There are many realistic obstacles of technique, accountancy, and low in the process of the Intellectual capitalization, which need us to solve in future.