RESEARCH ON THE IMPACT of heterogeneous human capital on enterprise value-- Based on the empirical test of Chinese listed steel companies

Abstract

Based on the samples of Shanghai and Shenzhen listed companies in China's steel industry from 2015 to 2020, this paper establishes a fixed effect model to analyze the influence of heterogeneous human capital on enterprise value. The results show that the knowledge-based human capital has less positive impact on the enterprise value of steel enterprises, but the technology-based human capital has a significant impact on them. Therefore, compared with knowledge-based human capital, steel enterprises should pay more attention to the accumulation of technology-based human capital in the process of development to promote the improvement of enterprise value.