Okay, here is the translation following your instructions: Enterprise Human Capital Property Rights Theory

Author: Zhang Tongquan
Publisher:
Publish Date: 2003-07-01
Features: This book comprehensively organizes, analyzes, and enriches relevant theoretical viewpoints and academic highlights within a broader academic field. It employs a combination of qualitative and quantitative, as well as theoretical and empirical analytical methods, to construct a framework for the theory of enterprise human capital property rights at the micro level. This framework includes several innovative and pioneering conclusions:
(1) From the perspective of property rights, it proposes a non-traditional concept of human capital, where narrow human capital property rights refer to the ownership of human capital, while broad human capital property rights refer to the bundle of rights held by human capital owners in the market transaction process, consisting of a series of rights derived from human capital ownership, such as usage rights, control rights, and income rights.
(2) Human capital property rights (ownership) belong to the individual, and the most significant feature of human capital rights is that the ownership of human capital is inseparable from the actual possession of human capital ownership in reality.
(3) The evolution of residual claim rights can be divided into three stages: the exclusive residual claim rights of physical capital, the dominant residual claim rights of physical capital, and the dominant residual claim rights of human capital. Under modern market economy conditions, capital and its ownership in enterprises are no longer one but two, and the co-sharing of human capital and physical capital is the optimal enterprise ownership arrangement.
(4) The value of human capital property rights is measurable, with the basis for measurement being the corresponding returns brought by human capital to the enterprise, i.e., the contribution of human capital—net profit after tax—and it proposes a human capital property rights measurement model based on current income value and fuzzy evaluation of job value.
(5) Compared to salary-based systems, profit-sharing is the ideal human capital property rights revenue distribution system.
(6) The root cause of the generally lower efficiency of state-owned enterprises is the absence of human capital property rights subjects. The key to solving the inefficiency of state-owned enterprises lies in establishing an enterprise joint property rights structure that organically combines the property rights of physical capital and human capital.
(7) Under the socialist system, labor remains a commodity but is no longer an ordinary commodity; it has risen to the form of human capital, i.e., labor has become capital.