Research On The Value Creation Of Technology Capital

In the process from the industry economy to the knowledge economy, the technical essential factor has already become one of the most active factors in the economical development. In the enterprise, the integrity effect and the value creation realization of production element resources is more and more decided by the level of science and technology and its application degree. The proposing of technology capital concept, not only greatly expands the scope of financial management activities, but also opens up the study of finance theory. However, at present the research concerning technology capital remains in surface, coming short of the researches of other key element capitals, such as financial capital, real asset capital, and human capital in finance. The essential characteristic of financial management is the synthetic value management. This article attempts to research the general rule of value creation function of technology capital from the economics and the finance angle, at the theory category of the value creation and the value management. Thus, the technology capital is an objective capital shape existing in the modern enterprise.Empirical approach is taken in this thesis. Through the empirical analysis of samples, this thesis follows the train of thought"the literature commentary and theory review—empirical demonstration and analysis—establishment and demonstration of the value creation codes—summary and suggestion". Thus, this thesis demonstrates the technology capital advantage of samples, further probes into the path choice of the technology capital value creation of 3C industry, and puts forward counter-plan suggestions.This dissertation consists of six chapters. Chapter one is introduction; chapter two is the literature commentary and theory review; chapter three is study method and selection of samples. Chapter four is the research on value creation function of technology capital; this chapter is the core content of this thesis. It makes use of multi-disciplinary research results such as economics, finance, the value theory, the technical innovation theory, and the technical management theory and so on, to demonstrate that the technology capital is an objective capital shape existing in the modern enterprise, the value creating function is the essential attribute of technology capital. This thesis sets forth the conventional value increment pattern, the ultra conventional value increment pattern as well as the value continuing increment pattern, which are the three theory patterns by which the technology capital can rise...