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二元产权是指物质资本产权与人力资本产权。企业是二元产权初次交易的契约。二元产权初次交易的特点是交易权利不平等、交易风险不对称和交易结果不公平;物质资本产权初次交易的权能是占有权、使用权和处置权,人力资本产权初次交易的权能是法权使用权、收益权和法权处置权;二元产权初次交易的成本主要有信息成本、过程成本和交易后成本。为了满足企业的生存和发展需要,二元产权还将在企业内不断再交易。二元产权再交易虽然增加了企业的生产经营成本,但却提高了企业的效率。二元产权再交易的目的是实现人力资本的高效率。二元产权再交易的对象是人力资本收益权。二元产权再交易的特点是交易权利逐渐平等、交易风险逐渐对称和交易结果逐渐公平。二元产权再交易的成本主要有再交易前成本、再交易中成本和再交易后成本。
Binary property rights refer to the property rights of material capital and the property rights of human capital. The enterprise is the contract for the initial transaction of dual property rights. The characteristics of the initial transaction of binary property rights are unequal transaction rights, asymmetry of transaction risks and unfair trade results; the power of the initial transaction of physical capital property rights is possession, use and disposal rights, and the power of the initial transaction of human capital property rights is the legal right. Right to use, income and right to dispose of the right; dual-property rights of the initial transaction costs are mainly information costs, process costs and post-transaction costs. In order to meet the company’s survival and development needs, dual property rights will continue to be traded within the company. Although the dual property rights re-transaction increased the company’s production and operating costs, but it increased the efficiency of the company. The purpose of re-trading of dual property rights is to achieve high efficiency of human capital. The object of re-trading of dual property rights is the right to human capital gains. The characteristics of binary property rights re-trading are the gradual equality of trading rights, the gradual symmetry of transaction risks, and the gradual and fair trading results. The costs of re-trading of binary property rights mainly include pre-transaction costs, re-transaction costs, and post-transaction costs.