摘要
随着知识相对于其它生产要素的地位的提升 ,智力资本也成为学者关注的对象。现代企业 (特别是高技术企业 )的市场价值与账面价值相差悬殊 ,有形资产投资与财务业绩之间的相关性越来越小 ,这些现象使得智力资本这一价值驱动因素日益凸现出来。本文对公司层次上的智力资本进行了界定 ,并介绍了三种评估智力资本的方法 ,即市场价值与账面价值比较法、托宾q法和智力资本报算法。运用这些方法我们可以对一家公司的智力资本进行大致的评估 ,为公司智力资本的管理和投资提供依据。
With the elevation of the status of knowledge against other production factors, intellectual capital becomes the focus of attention at both the national and the corporate level. As the relation between the valuation of modern companies, especially high-technology companies, and the amount paid for their tangible assets becomes increasingly tenuous, the importance of intellectual capital as a major value driver in modern economy grows. The bearing of this paper is the measurement of intellectual capital. Three approaches, namely, market-to-book values, Tobin's q and calculated intangible value, are discussed. How to establish a linkage between intellectual capital and corporate performance and make use of such linkage to facilitate value creation is the top issue that deserves further study.
出处
《科研管理》
CSSCI
北大核心
2001年第5期79-83,共5页
Science Research Management
