Title: The Basic Features of Human Capital and Enterprise Property Rights
Abstract:The human capital investment and the contribution to the enterprise development are necessary condition of demand of enterprise property rights only. The scarcity, obscurity (hardness of measurement),...The human capital investment and the contribution to the enterprise development are necessary condition of demand of enterprise property rights only. The scarcity, obscurity (hardness of measurement), specialty, and ability of bearing risk establish the source of demanding enterprise rights. We can find the inherent reasons of this kind of demand in aspects of bargaining power, pricing, efficiency, and payment of risking for work by analyzing the four features of human capital. The distinction of these features decides the extent to which owners of human capital obtain the enterprise property rights.Read More
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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