企业智力资本价值创造行为研究——兼论智力资本与企业价值的相关性  

A Study on the Value Creation Behavior of Enterprise Intellectual Capital with the Discussion of the Relevance between Intellectual Capital and Enterprise Value

作　　者：南星恒[1] 

机构地区：[1]兰州商学院会计学院,甘肃兰州730020

出　　处：《南京审计学院学报》2014年第2期79-86,共8页journal of nanjing audit university

基　　金：国家社会科学基金项目(11BGL017);甘肃省自然科学基金项目(1208RJZA157);兰州商学院校级重点科研项目(LZZ01109)

摘　　要：从智力资本投资和资本累计的视角,对智力资本及其各要素的价值创造行为进行分析,构建企业智力资本价值创造的会计度量模式,并对智力资本与企业价值的相关性进行实证检验,结果显示:智力资本是企业价值创造中的核心要素;企业智力资本的形成是企业长期投资不断累积的结果;以现金流量作为企业价值度量指标可以很好地解释智力资本的价值创造性,在企业价值创造过程中智力资本各要素的作用各不相同。From the perspective of intellectual capital investment and the accumulation of capital, this paper analyzes the factors of intellectual capital and its value creation behavior, and constructs accounting measurement model of the enterprise intel- lectual capital and its value creation, and tests empirically the feasibility of the model, which effectively explains the intellec- tual capital value to create the core function. The result reveals that taking the cash flow as a measurement can well explain the value creativity of intellectual capital, but the role of the elements of intellectual capital played in the enterprise creation value is different, and human capital plays a decisive role in the enterprise creation value.

关 键 词：企业智力资本 价值创造行为 会计度量模式 企业价值 上市公司 

分 类 号：F234[经济管理—会计学]