Research On The Calculation Of Revenue-Sharing Rate In The Evaluation Of Knowledge Capital

The emergence of Knowledge-based Economy has a profound impact on the optimization of industrial structure,the transformation of investment model and the speed of economic growth.Knowledge Capital is a unique strategic resource of enterprises,which has become the main source of enterprise income,and its key role in enterprise value creation has become increasingly prominent.How to measure the Revenue-Sharing Rate of Knowledge Capital and evaluate the value of Knowledge Capital is the starting point of exploring the ways of enterprise value creation and one of the basis of enterprise management.Knowledge Capital has the characteristics of implicit and cost weak correspondence,which determines that traditional asset evaluation methods are not suitable for the value evaluation of Knowledge Capital.However,from the perspective of the concept and nature of Knowledge Capital,the value of Knowledge Capital should still be evaluated from the income created by Knowledge Capital.The Revenue-sharing method evaluates assets from the perspective of the profitability of assets,which is in line with the value concept under the condition of market economy.It can reflect the growth and profitability of Knowledge Capital better,and is suitable for evaluating the intrinsic value of Knowledge Capital.But in practice,the calculation of Revenue-Sharing Rate is often subjective and less reliable.Based on the review,induction and analysis of the valuation methods of Knowledge Capital at home and abroad,this article starts from the basic idea of the Revenue-sharing method,introduces the discussion of the output contribution rate of Knowledge Capital to clarify the role of Knowledge Capital to the overall enterprise income,construct a Revenuesharing rate valuing system for a specific industry under the big data environment to reduce the subjectivity and arbitrariness of Revenue sharing rate measuring,improve the industry pertinence and accuracy.On this basis,this paper determines the measurement method of the amount,risk and term of the return of Knowledge Capital,and proposes an improved discount strategy for the return of Knowledge Capital to evaluate the intrinsic value of Knowledge Capital.Specifically,after defining and summarizing related research and theories such as the definition of the concept of Knowledge Capital,the classification and measurement methods of Knowledge Capital,and the Revenue-Sharing Rate,this article takes the software and information technology service industry as an example,constructing an index system which covering four major contents of Knowledge Capital—Human Capital,Innovation Capital,Structure Capital and Relationship Capital.Then,the entropy weight method is used to give weight to the secondary indicators and primary indicators,and the scores for the Knowledge Capital in four dimensions of each sample enterprise and the comprehensive evaluation value of whole Knowledge Capital are calculated.After that,with the help of the expanded CobbDouglas production function,the output elasticity of the Knowledge Capital in the software service industry is calculated.And then it is found that the contribution rate of Knowledge Capital to the growth of corporate income is 31%.This is used as the return rate of Knowledge Capital to measure the value of Knowledge Capital.Further,in order to investigate the influence of the heterogeneity of Knowledge Capital within different enterprises on the contribution ability of Knowledge Capital,according to the scores of the four dimensions of Knowledge Capital,this article also selected the data of the highest-scoring companies among four types of capital as the class seeds,divided enterprises in the software service industry into four types of enterprises with abundant human capital,innovative capital,structure capital and relationship capital by the K-means cluster analysis method.By grouping and regressing the data of the four types of enterprises,it is obtained that Revenue-Sharing Rates among the enterprises with abundant human capital,innovation capital,structure capital,and relationship capital is 23.90%,31.48%,26.37%,and 16.8% respectively.Through the above research,this paper confirmed that the output elasticity of Knowledge Capital is greater than physical capital and traditional labor.From the data analysis,it is concluded that the contribution of Knowledge Capital to the output of micro-subjects is also higher than traditional production factors.In addition,the heterogeneity of Knowledge Capital in the enterprise will affect the degree to which Knowledge Capital can enhance the profitability of enterprises.In order to let all kinds of Knowledge Capital support and promote each other and make greater contributions to the development,enterprises must strengthen the internal management of Knowledge Capital,attach great importance to the coupling effect of Knowledge Capital.This paper provides a new possible Revenue-Sharing Rate calculating method for the practice of Knowledge Capital evaluation.It also provides a useful supplement to the existing research from micro perspective,and it has certain value of popularization and application in the practice of asset appraisal.