The Influence Of Knowledge Economy On Financial Management

In the knowledge economy society, the goal of enterprise financial management will turn to the "comprehensive goal of knowledge maximization".

An enterprise is a contract reached by the owners of various elements. The interests of an enterprise are the common interests of all the contracting parties, not just the interests of some people.

The objectives of financial management should be considered by all interested parties.

So as to mobilize positive factors from all sides to achieve the healthy development of enterprises themselves and enterprises and external parties.

Finally, the harmonious co-existence of enterprises and the environment will be realized.

The interests of all parties can be attributed to the long-term and steady development of enterprises at the fastest speed and in a healthy way.

Its yardstick is "maximization of enterprise knowledge".

Because in a knowledge-based economy, the key factor for an enterprise to win in competition depends on the amount of knowledge capital owned by an enterprise.

The possession of knowledge capital will be manifested as the quality of human resources, the ability of enterprise innovation and the ability of sustainable development.

This is consistent with the common interests of all parties.

The traditional capital is mainly physical capital and currency capital.

Capital in knowledge economy society is increasing more and more intellectual capital on the basis of traditional capital, such as patent right, trademark right, organization management method, market resource, computer software, talent quality, product innovation, etc.

Knowledge assets are also defined as "knowledge, practical experience, organization technology, customer relationship and professional skills", which makes the company have competitive advantage in the market.

Intangible assets, which are the main form of knowledge assets, will gradually replace the dominant position of traditional physical assets and monetary assets and play an increasingly important role in enterprises.

The change of financial management concept should be adapted to the objectives of financial management and the change of financial management objects. In the knowledge economy society, we should establish the concept of knowledge management.

In the traditional economy, physical and monetary capital account for the most part and are the key factors determining the competitiveness of enterprises.

With the coming of knowledge economy, the proportion of knowledge capital is increasing and will play the leading role in all capital.

It is estimated that the proportion of intangible assets of many enterprises in the United States has reached 50%-60% in 1995.

The ability of enterprise innovation and sustainable development brought by knowledge capital will become the key factor for enterprises to win in competition.

The capital that plays a leading role in the knowledge economy society is no longer the traditional physical capital and monetary capital, but knowledge capital. In the knowledge economy era, the competitiveness and development power of enterprises depend more on the amount of knowledge capital owned by the enterprise, and knowledge capital has become the primary capital for developing the economy.

Changes in the contents of financial management: investment in traditional management: physical capital and monetary capital.

Investment objectives mainly consider financial benefits.

In knowledge economy society, enterprises invest mainly in knowledge capital.

The evaluation of investment benefit is based on the growth of enterprise human resources quality, enterprise innovation capability and sustainable development ability.

Accordingly, an investment evaluation model, investment evaluation index and investment evaluation method suitable for knowledge economy will be established.

The allocation of distribution should be embodied in the principle of efficiency, that is, to consider the parties concerned in a comprehensive way so as to maximize the enthusiasm of all parties.

In a knowledge-based economy society, knowledge capital will play an increasingly important role in the development of enterprises, and its "contribution" will become larger and larger.

In order to mobilize the enthusiasm of knowledge capital input, the input of knowledge capital will gain an increasing share in all profits of enterprises.

For example, at present, the proportion of wages of top management and senior technicians in many enterprises is increasing.

Some enterprises use the form of giving shares to excellent employees.

In the United States, in twentieth Century 60s, the proportion of company profits in gross national product was 11.7%, and the proportion dropped to 5.3% in 80s twentieth Century. The decline in the proportion of gross national product profit is not a decline in labor productivity, but because of the value created by the enterprise, the part of the company managers who take away in the form of wages and other remuneration is relatively improved, so that the remuneration of capital owners is relatively reduced.

In the knowledge economy society, the knowledge assets with the intangible assets as the main form occupy an increasing proportion. Compared with the traditional physical assets and monetary assets, the uncertainty of intangible assets increases, which makes the financial risks of financial activities such as investment and distribution increase.

In addition, diversification of capital forms and diversification of knowledge capital bring about diversification of financial risks.

The complexity and enhancement of financial risks will have an important impact on financial management in a knowledge-based society and will become an important theme of financial management in a knowledge-based economy.