A Research On Firm's Decision-making On Human Capital Investment

In the 21st century, the world economy is stepping towards the stage of the economic growth based on human capital. The core of competition among enterprises will be based on their human resource development and management. The investment in human capital is of great importance for increasing enterprise competitive capacity and its human capital stock. As a result, researchers from all over the world have emphasized on human capital. With the development of human capital, many researchers realized the assets character of human capital. They thought that the concept of human capital's cost,analysis of cost-profit and risk return are very important on evaluating human capital especially in enterprise.With the ever increasing development in our country's economy, the effects of human capital on economy has been already realized by Chinese economists and are gradually becoming key research subjects. Owing to the underdevelopment of human capital market in our country, we found that most of the researches mainly focused on nature of human capital and the important influence of human capital exerted on economic development, but few analyzed how to evaluate the cost and profit of human capital. It becomes the principal problem in human capital research that we have the market without price, investment without output. On the one hand, it had been discussed fully as views from macroeconomic; on the other hand, few researches had been done as views from microeconomic. Consequently, it is less instructional to enterprise. At the beginning of this dissertation, the author firstly spells out the meanings, specialties and basic factors of the Firm Human Capital Investment, analyzes the process of the Firm Human Capital formation and utilization, which are based on the systematic review of the accomplished results of human capital research, and then establishes the Firm Human Capital Investment model in the view of the firm. The first and second chapters discuss the background and content of the issue, and put forward the theoretical and realistic sense. At this part, we comment on the related literatures, both domestic and oversea, and figure out the reference effect of these literatures.The third chapter introduces some theories about human capital investment. Discuss the intension, characters, and factors of human capital and human capital investment. We emphasize the assets character of human capital. Analyzes the...