企业技术资本和人力资本关系的实证分析--来自沪深两市高端装备制造公司的财务数据

摘要

运用2007—2011年中国上市高端装备制造业企业的数据，根据企业要素资本之间可以适量替代的财务规则，对企业的要素资本替代机制理论进行实证检验。初步研究结果表明，在中国的上市高端装备制造业企业中，技术替代人力的程度远远大于机器设备替代人力的程度。%　　This paper,based on the data (from 2007 to 2011)of listed high-end equipment manufacturing companies,conducts empirical tests on the possibility of element capital substituting for the mechanism theo-ry. The result of pilot study shows,among Chinese listed high-end equipment manufacturing companies,the extent of technology substituting for manpower far exceeds that of machinery for manpower.