The Contribution Of Production Elements To Corporate Revenue Analysis

Currently, newly developing capital, like technological capital and intellectual capital, is of significant importance for enterprises to create the core competitiveness and to succeed in the fierce market competition. Compared to traditional capital like money capital and physical capital, technological capital and intellectual capital have some distinct features, including intangibility and difficulty of measuring and managing. There are many differences between technological capital and intellectual on the specific content and value creation mechanisms, however, most previous studies ignored their differences, with few papers discussing this issue. The confusion of technology capital and intellectual capital will not only obscure their effects on corporate earnings, which make it hard to measure their respective contribution, but also affect the rational allocation of limited resources between the technical capital and intellectual capital. In this paper, we try to differentiate technical capital and intellectual capital, taking into account the interaction of the various input factors when they are affecting corporate earnings, then study the profitability of capital technology and intellectual capital comparatively and explore the relationship of their influence on corporate earnings based on Trans-log Production Function.The results show that, technological capital and intellectual capital have promotive effect on corporate earnings in cumulative effect and marginal effect; in addition, the technical capital marginal effect influence corporate earnings more than intellectual capital marginal effect do, while the cumulative effect of intellectual capital have greater influence on corporate earnings than its technology capital counterpart do; furthermore, technological capital and intellectual capital are complementary in affecting corporate earnings.