Reserarch On Relationship Between The Entrepreneur Human Capital Gain And The Performance Of The Listed Companies Based On Business-Making Power

As a kind of new capital, the entrepreneur human capital is takenincreasingly important place in the society along with the rising ofknowledge economy. Compared with general human capital, theentrepreneurs’ human capital is dishomogeneous and specific. The humancapital property responsibility has been attracted more and more attentionfrom the world of the academy because entrepreneur is the main bearresponsibility for the operation. As is well known, the entrepreneurs’human capital property will improve or lessen the degree ofentrepreneurs’ operation efforts when is positive incented or negativeincented. Enterprise performance has been the focus of economic theoryand business, so the research on differences between companies’performance naturally becomes the focus of many economists. It isbelieved that the performance difference between different type industriesor different companies from the same type industries dedicate that theyhave different enterprise property structure. Different enterprise propertystructure means different enterprise business-making and differentcompany performance.This paper systematically discusses the relationship between the entrepreneur human capital property and the performance of the listedcompanies from theoretical and empirical aspect respectively. Itconcludes that whatever short-term or long-term human capital rights, haspositive relationship with enterprise performance, especially when thebusiness is highly competitive. Then it discusses how the competitivenessindicators of entrepreneur’s decision-making power in the product market,the capital market and the managerial labor market to impact therelationship between the entrepreneur human capital property and theperformance of the listed companies. It concludes that thecompetitiveness indicators of entrepreneur’s decision-making power inthe product market regulate obvious positive moderate effect and thecapital market regulate obvious negative moderate effect between therelationship between the entrepreneur human capital property and theperformance while the indicators of the entrepreneur’s decision-makingpower in the managerial labor market regulates the effect not obvious.