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智力资本构成要素包括人力资本、组织资本和关系资本。本文论述了智力资本与企业超额价值的关系,得出智力资本是创造企业超额价值的驱动力的结论。并利用我国沪深两市信息技术行业上市公司可获得数据进行实证检验,结果与理论论证基本一致,但不同的智力资本要素对企业超额价值创造的影响不同。据此提出了加强员工专业知识、专业能力的培养、重视无形资产投资风险、提高无形资产投资效果等建议。
Intellectual capital components include human capital, organizational capital and relationship capital. This paper discusses the relationship between intellectual capital and the excess value of enterprises, and concludes that intellectual capital is the driving force behind the excess value of enterprises. And use the available data of listed companies in the information technology industry in Shanghai and Shenzhen stock markets for empirical test. The results are basically consistent with the theoretical argumentation, but different intellectual capital factors have different effects on the excess value creation of enterprises. Based on this, suggestions are put forward such as strengthening the professional knowledge and professional competence of staff, attaching importance to the investment risk of intangible assets, and improving the investment effect of intangible assets.