"投资于人"导向下耐心资本的价值实现与桎梏突破OACHSSCD
The Value Realization and Constraint Breakthrough of Patient Capital under the Guidance of"In-vesting in People"
耐心资本是培育新质生产力、推进高质量发展的重要制度性力量."投资于人"不仅有利于校准耐心资本发展方向,还能激活耐心资本的长期价值属性与战略效能,推动耐心资本价值实现.以"投资于人"为战略导向,耐心资本在微观层面重塑企业资本配置逻辑,中观层面构建可持续的产业生态循环,宏观层面推动经济发展质效跃升.然而,耐心资本价值实现面临制度环境缺位、资本市场分割、财税工具失灵、企业激励短视的现实桎梏.对此,需聚焦人力资本增值和民生福祉提升,以制度完善夯实长期价值培育的保障体系,以市场健全推动资本要素高效协同与跨区域适配流通,以政策优化打造多元协同的财税激励体系,以机制重构形成人才与资本共生的企业发展模式,为"投资于人"战略落地与经济高质量发展提供坚实的资本支撑.
Patient capital plays an important institutional role in fostering new-quality productive forces and advancing high-quality de-velopment."Investing in People"not only helps calibrate the development orientation of patient capital,but also unlocks its long-term val-ue attributes and strategic effectiveness,thereby facilitating its value realization.Guided by the"Investing in People"strategy,patient cap-ital reshapes the logic of corporate capital allocation at the micro level,builds a sustainable industrial ecosystem at the meso level,and drives a leap in the quality and efficiency of economic development at the macro level.However,the realization of patient capital's value is hin-dered by practical constraints,including an inadequate institutional environment,fragmented capital markets,ineffective fiscal and taxation instruments,and short-sighted corporate incentive mechanisms.To address these issues,we should focus on enhancing human capital ap-preciation and improving people's well-being:consolidate the support system for long-term value cultivation by improving institutions,promote the efficient coordination and cross-regional optimal allocation and circulation of capital factors via market improvement,establish a diversified and coordinated fiscal and taxation incentive system via policy optimization,and restructure governance mechanisms to form an enterprise development model characterized by the symbiosis of talent and capital.These measures will provide solid capital support for the implementation of the"Investing in People"strategy and high-quality economic development.
刘勇
华南师范大学马克思主义学院,广东 广州 510631
管理科学
投资于人耐心资本战略导向价值实现
Investing in PeoplePatient CapitalStrategic GuidanceValue Realization
《党政研究》 2026 (3)
13-24,12
华南师范大学哲学社会科学重大培育项目"中国式现代化的生态文明建设研究"(ZDPY2301)华南师范大学研究生科研创新计划项目"技术封建主义'文明观'的历史唯物主义批判研究"(2025KYLX001)
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