Study On The Factors Of Innovative Enterprise's Profit Distribution

The advance of science and technology has gradually become a decisive factor for social and economic development,the contributing rate of knowledge innovation in economic growth has increased from 5%～20%at the beginning of the 20^th century to 80%～90%today,and innovative technical enterprises have become an important force for national economy and social development.In the National Medium- and Long-term Science and Technology Development Plan(2006-2020) released by the State Council in 2005,it is taken as the overall objective for China's science and technology development to "enter the rank of innovative countries by 2020",and since 2006,the Ministry of Science and Technology,the State-owned Assets Supervision and Administration Commission and the All China Federation of Trade Unions have jointly developed the innovative enterprise experimental work.The working report of the 17^th NCCPC has taken it as a development objective once again to build an innovative country.Compared with developed countries,Chinese innovative enterprises,as the subject of technology innovation,not only have gaps in technology innovation and efficiency,but also are orthodox and weak in business management,especially in human resources management,the most outstanding problems of which are their out-of-date incentive modes,short-acting distribution systems,and inability to meet the need of innovative technical enterprises and knowledge economy.Modern enterprises have many factors to participate in production operations,but this article only chooses entrepreneurship and technical factor as the main targets,and makes a study and analysis on both of them on the basis of the factor distribution theory.Through the analysis on the profit distribution features of innovative enterprises,it demonstrates the necessity for capital owners to request participating in the residual profit distribution of enterprises since technology factor and entrepreneurship are the main capital for the survival and development of innovative enterprises;discusses the behavioral characteristics of entrepreneurs and the method of measuring the value of entrepreneurship;analyzes various popular distribution modes in the world,emphatically makes an study on the stock option system,and believes it is more able to effectively motivate the operators in a long run.On the ground of drawing on the successful experience of foreign enterprises in profit distribution,it puts forward some proposals on the status and existing problems of Chinese stock option system according to the situations of China.In the study on technology factor,it indicates through the analysis on high risks,high returns and other features that for the long-run development,an enterprise must incorporate technology factor into its residual profit distribution;synthetically uses the indictor system approach,the factor assessment approach and the production function approach to measure the value of technology factor;analyzes and studies the participating modes of technology factor in profit distribution,especially various modes of popular technology shares in China,and finds on the basis of comparative study on stock ownership and stock option that stock ownership plays a more important role in mobilizing the core scientific and technical personnel.Finally,it presents policy proposals on the status and problems of carrying out technology shares in China.