Research On The Allocation Of Technology Capital In D High Technology Enterprise

In the field of new and high technologies,technology capital,knowledge capital,information capital and other new production factors have outstripped traditional physical capitals,have become the core capitals of enterprises because of scarcity,importance and low replaceability and are now the core driving forces for the development of new and high technology enterprises.The number of new production factors accumulated during the process of technology research and development and independent innovation and their balanced configuration are now essential to enterprises to acquire long-term core competitive advantage.The study on technology capital is relatively mature compared with other new elements,and it is also relatively easy to quantize.Therefore,the author chose technology capital as the object of study.The major methodology adopted in this research is case study.The author conducted quantitative and qualitative analysis toward Company D.Taking technology capital allocation of new and high technology enterprises as the research background,this thesis discussed technology capital allocation of new and high technology enterprises from the perspective of quantity and quality of technology capital allocation.This thesis is composed of five parts.Chapter 1 is introduction,elaborating background,significance,methodologyand framework of this research.Chapter 2 is theoretical basis of this research and literature review.The author firstly introduced the theoretical basis of this thesis and summarized the related studies made by both Chinese and foreign scholars.In Chapter 3,the features of new and high technology industry and the current situation of technology capital allocation were introduced,based on which the author pointed out the existing problems and the reasons.Chapter 4is a case study.The author discussed the problems and reasons stated in Chapter 3 through the case.Chapter 4 is the core chapter.On the basis of the research framework presented in Chapter 1,the author conducted quantitative and qualitative analysis of the case enterprise's technology capital from two dimensions,quantity and allocation efficiency.Then,through cause analysis in Chapter 3,the author proposed four elements and made an in-depth analysis based on them.Chapter 5 is conclusion and suggestion.In response to the problems and reasons related to technology capital of new and high technology enterprises,the author suggested a solution from four perspectives,namely relieving the financing constraints of new and high technology enterprises,handling agency conflict,paying attention to generation,improvement,conversion and operation models of new technologies and optimizing technology capital and idiosyncratic capital.New and high technology enterprises have been taking technology capital as the core capital.This thesis systematically analyzed the allocation of technology capital of a representative enterprise and demonstrated that the allocation model and mechanism of technology capital are of great importance to the development of new and high technology enterprises.