Professional Managers Of Human Capital Property Rights And Ownership Of Private Family Business Arrangements

The effective integration of social human capital, especially the management resources of professional managers is the key issue of the growth of China's private family business. From the perspective of human capital property rights, this article wants to study the key problem of private family business on how to retain and make good use of professional managers. The main point is: the clear define on the property rights of human capital is the basic premise of the human capital owners to make choice. To introduce and retain professional managers effectively, the property rights of human capital must be adequately defined. Define property rights, in essence, is the definition of interest. Professional managers of human capital is a property rights beam including the rights, powers, responsibilities, any of which do not clearly defined, would lead to the deterioration of human capital property rights of the professional managers. It would lead to the moral hazard problem of the professional managers. Most private enterprises deal with professional managers, or pay too low, or focus only on material interests motivation, ignored the control of the request on business and management of the professional managers. To make full use of professional managers on the positive role of business, we must co-ordinate the residual claim and the control request of human capital, one can not do both. On the basis of the existing research results, we recognize that the define on professional managers of human capital property rights will impact the ownership arrangements of private enterprises, which would cause private enterprises to break the closed family control structure, appropriate delegation of authority, to achieve sustainable development of enterprises. At the same time, the effective define on human capital property rights of the community means to address the property rights of human capital and establish an effective incentive and restraint mechanisms for professional managers, which needs the joint efforts of enterprises and the government.