CAJ | 학술논문

本文选取2010～2013年上交所和深交所的纺织服装业、生物制药业和房地产业的上市公司为研究样本，运用Public模型和因子分析分别得出智力资本和企业综合绩效，比较分析了3个行业的智力资本对企业绩效的影响，其中3个行业的人力资本都对企业绩效有正向推动效应，而结构资本是在生物制药业与绩效显著正相关，而在房地产业有不显著的负相关性。在此基础上通过对股权性质的研究发现生物制药业和房地产业的国有性质阻碍了人力资本对企业绩效的推动作用。
본문선취2010～2013년상교소화심교소적방직복장업、생물제약업화방지산업적상시공사위연구양본，운용Public모형화인자분석분별득출지력자본화기업종합적효，비교분석료3개행업적지력자본대기업적효적영향，기중3개행업적인력자본도대기업적효유정향추동효응，이결구자본시재생물제약업여적효현저정상관，이재방지산업유불현저적부상관성。재차기출상통과대고권성질적연구발현생물제약업화방지산업적국유성질조애료인력자본대기업적효적추동작용。
〔Abstract〕 This article selects the textile and garment industry , biological pharmaceutical industry and real estate industry public companies in 2010-2013 as research samples , by using Public model and factor analysis , to conduct the comparative analysis of the influ-ence of intellectual capital on business performance in three industries . Human capital has positive promoting effect to the enterprise perfor-mance , and structure capital is significantly positively related to the biological pharmaceutical industry's performance , and has no signifi-cant but negative correlation in the real estate industry . On this basis , through ownership property study , it is found that the state-owned biological pharmaceutical industry and state-owned real estate industry hinder the role of human capital on business performance .