The Research On Measurement Of Human Capital Accounting In Perspective Of Property Rights Economics

In recent years, a common characteristic in economic development and the advancement of enterprises is that the value of human capital is increasing and the value of asset capital is decreasing. From the viewpoint of development strategy in firm, the core competition force in enterprise is the staff's ability of transferring their knowledge into the value of enterprise. Thus, the main field of transition an innovation of property rights institution will be the identification and arrangement of institution of the property rights of human capital (PRHC). The important problem of this field is the institution arrangement of human accounting.The paper holds that present theories of human accounting and theories of property rights are not formed into integration. There is limitation for these theories to provide instruction to practice because these theories all neglect the research on the issue of property rights of human capital. The characteristic of property rights of human capital is that the owners of human capital completely control the cost, accumulation and allocation efficiency. However the major problem that exists in the system of company is that it has complete and sufficient definition of enterprise property rights, but not yet for human capital, which constrains the increasing of forming, accumulation and allocation efficiency of human capital. Hence, it is necessary to make a systematic analysis on internal economic relationship between property rights and human resource accounting.The paper holds that well defining of property rights is the prerequisite to bring human capital into the accounting system. Moreover, to well define the core content of human capital property rights is nothing but to well define the right of returns of human capital. Therefore, if the owner of human capital wants to have right of returns of human capital, he must have certain quantity of enterprise ownership, rights of control and residual claiming, i.e. certain quantity of enterprise property right. In that enterprise that has implemented the program of employee holding shares, profit sharing and the employee participating planning, the human capital of employee of these enterprises has had partial enterprises property rights. For the time being, the main problem existed is that the right of return of human capital has not be full reflected in all enterprises. The root of this question lays in that the measurement of human capital has not be solved.The innovation of this paper lies in: Firstly, the research of this paper is the establishment in the manpower capital theory, the human resources accountant theoryand the property right economic theory, and in this foundation, points out the insufficiency of human resources accountant measures, and analyzes this question with the viewpoint of the property right. Secondly, this paper put forward the new pattern of the human capital value measured. Thirdly, in the new pattern foundation, this paper utilizes it in the property right limits. The main point is the limit of the return between the asset capital and the human capital.