企业是人力资本与物质资本的特别合约。
Enterprises are special contract of the material capital and human capital.
它与物质资本、人力资本一样具有资本的特性。
It has the capital character same as material capital and human source capital.
传统公司法理论认为，公司运营的基础是物质资本。
Traditional theory considers that the company is the owner of physical capital of the material.
先验地假设物质资本强权从根本上回避了企业权力来源问题。
It is apriori assumed that the material capital power fundamentally evades the question concerning the source of enterprise power.
估算了中国邮政物质资本存量，考察了反映人力资本的指标。
Then the material capital stock of China past is evaluated and the index of manpower capital is investigated.
这样的经济对资本扩张的需求较低，它们倾向于积累不断老化的物质资本。
Such economies, having less need for capital expansion, will tend to accumulate an ageing stock of physical capital.
资本雇佣劳动是指物质资本主体垄断企业控制权和剩余索取权。
Capital employing labor means owners of substantial capital hold control right and residual claiming right of a enterprise.
当物质资本的核心地位发生动摇时，人力资本将分享企业产权。
If this changed due to enhancement of production power, human capital owners will begin share rights of enterprise with substantial capital owners.
企业是由物质资本、人力资本和社会资本共同构成的一套契约的集合。
Being bound by a set of contract, material capital, human capital and social capital constitute an enterprise.
结果显示，人力资本的贡献率要大于物质资本的贡献率，但差距不是很大。
The result shows that the contribution rate of the human capital is greater it of the physical capital, but their difference in contribution rate is not very big.
我们认为：事务所的关键资源有物质资本、人力资源、客户资源、决策资源。
We think that key resources are material capital, human resources, customer resources, and decision resources in the accounting firm.
中国五大资本构成的突出问题是物质资本投资率过高，人力资本投资率过低。
A major challenge for China is that the level of the accumulation of physical capital is too high while the level of human capital accumulation too low.
由于中国现阶段尚处于工业化中期，因而物质资本仍是经济增长的第一推动力。
Because China is in the midterm of industrialization now, the physical capital is still the first effect in economic growth.
企业家是人力资本、物质资本和社会资本相结合从事“创造性破坏”的创新者。
Enterprisers are innovators, by whom manpower capitals, material capitals, and social capitals are combined to be engaged in "Creative destruction".
对公司治理的研究一直以来都是站在物质资本的角度，以股东利益最大化为目标。
For a long time, the goal of analyzing corporate governance is maximizing the benefit of stockholder from the Angle of material capital.
人力资本和物质资本之间是一种交易性的契约关系，市场规制可能使其更有效率。
There is a transaction relationship between the human capital and the material capital, and market governance seems to be more effective to it.
知识资本经营是物质资本经营的延伸和拓展，是医院经营管理理念和模式的变革。
Knowledge capital operation is the development of substance capital operation and a great idea and model innovation of management.
企业和市场的均衡主要是企业里人力资本交易费用和市场上物质资本交易费用的均衡。
The equilibrium between the firm and the market is the equilibrium between the transactional costs of the human capital inside the firm and the material capital in the market.
虽然这个估计是粗略的，但是他们为探索不同类型物质资本的相关重要性提供了一个渠道。
Although the estimates are rough, they give a feel for the relative importance of the different types of physical capital.
在现代经济学中，完整的“资本”有两种形式：一种是物质资本，另一种形式是人力资本。
In modern economics, there are two types of complete "capital" : material capital and human capital.
中国城市贫困人口不仅是物质资本与人力资本欠缺的群体，更是社会资本存量不足的人群。
China's urban poor population is not only deficient in substance capital and human capital, but also is deficient in social capital.
环顾四周，我们拥有与2007年一样的劳动力和物质资本，但是出现了大量劳动力和资本空置的情形。
Look around. We have the same workforce and physical capital as in 2007, but there is massive underemployment of labour and substantial underutilisation of capital.
公司治理的核心是以企业家人力资本为中心，建立人力资本与物质资本相互转化的产权制度。
The core of corporate governance is to build mechanism of conversion between human capital and physical capital encircling the human capital of entrepreneur.
研究结果表明，当前安徽省经济增长的主要拉动力为物质资本投入，人力资本的贡献还很低。
It is indicated that the main pulling power to the present Anhui economic growth is the material capital investment and the contribution of human capital is relatively lower.
因此，联合所有权不仅可以解决物质资本专用性问题，也是解决人力资本套牢问题的有效途经。
Thus, joint asset ownership not only can resolve the problem of physical capital specificity, but also is an effective way to resolve the hold up problem of human capital.
因此，联合所有权不仅可以解决物质资本专用性问题，也是解决人力资本套牢问题的有效途经。
Thus, joint asset ownership not only can resolve the problem of physical capital specificity, but also is an effective way to resolve the hold up problem of human capital.
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