Research On Endogenous Between Human Capital Property Implementation And Corporate Performance

With the development of information technology and the advent of the era of new economy, high and new technology and scientific innovation in the final analysis depends on human capital, and the role of human capital on corporate performance has also been widely attention from country to country. Some foreign developed countries to stimulate the human capital property rights, a series of system innovation, for economic growth and the improvement of corporate performance play an important role. However, research on human capital and corporate performance in China started late, for its research is confined to the perspective of human capital affects corporate performance of individual industry, does not take into account the company performance to the realization of human capital property right feedback function. Company for the realization of human capital and human capital property right for the role of corporate performance have not been given enough attention, not present comprehensive, theoretical system and in-depth research.From the perspective of endogenous mode of human capital property right and corporate performance relationship is discussed. Firstly, based on the connotation and the related theory of the human capital, respectively from the human capital property right is implemented to drive corporate performance, and corporate performance feedback two aspects of human capital property rights is implemented to analyze its influence factors. Using the principal component analysis to the influence factors of human capital property rights is implemented to filter, build human capital property right to realize the index to measure human capital property rights realization degree. Secondly, using instrumental variable method to achieve human capital property rights and coiporate performance indices endogenous construct equations for correlation between the two for validation. Finally, instrumental variable method and then use the human capital index of property rights and corporate performance regression analysis with the endogenous correlation test, and then propose appropriate comments and recommendations based on empirical results.