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1、摘要企业的成长性之间有负向关系。处于衰退期的企业，人力资本、物质资本和企业的成长性之间存在显著正相关关系，结构资本、关系资本与企业的成长性之间有反向关系。关键词：生命周期；智力资本；成长性；因子分析；医药上市公司IIAbstractEffectsofintellectualcapitalonEnterpriseGrowthExampledbypharmaceuticallistingCorporationFromtheperspectiveoflifecycleABSTRACTIntellectualcapitalintheknowledgeeco
2、nomyerahasbeentheroleisveryimportant,manyChineseandforeignscholarshaveconductedresearchonit,theintellectualcapitalwithitsheterogeneityasuniqueenterprise,createeconomicbenefitsandaddedvaluefortheenterprises.Intellectualcapitalbysomescholarsregardedasstrategicresources,andcancre
3、atecompetitionfortheorganization,canlettheenterprisekeepadvantageinthefiercecompetitioninthemarket.Thisenterprisewithendogenousgrowththeoryviewcoincide,intellectualcapitalistheenterpriseproductitsownlong-termaccumulation,isthedrivingforceforgrowth,itcanbesaidthatintellectualca
4、pitalistopromotethegrowthofenterpriseendogenousforce.Chinaisacountrywithalargepopulation,foodanddrugsafetyandstablerelationshiptothewholeofeachperson'shealth,especiallythesafetyofdrugs,isanimportanttargetofgovernmentregulation.MedicinesCodevelopedproductsneedtoresearchanddevel
5、opmentofhigh-techpersonnel,determineitsdevelopmentcharacteristics.Researchanddevelopmentneedsofknowledgetypetalents,reforminthepharmaceuticalindustryandisthefocusoftheworkofthegovernment,thepharmaceuticalenterprisesmustabidebythelawsandregulationsanditscharacteristicscanbelong
6、lastingandstabledevelopment.Inthispaper,theintellectualcapitalasthestartingpoint,toexploretheinfluenceontheenterpriselifecyclefromtheperspectiveofintellectualcapitalonthegrowthofpharmaceuticallistingCorporation.Firstly,thedomesticandforeignrelatedintellectualcapitalrelatedstud
7、ieswerereviewed,introducedtheenterprisegrowththeory,andfromtheenterpriseendogenousgrowththeoryperspectiveandimportantcharacteristicsoftheintellectualcapitalintellectualcapitalanalysisofwhataretheeffectsonthegrowthofenterpriseswillbe,andthenintroducedtheenterpriselifecycletheor
8、yliterature,andconcernsthelifecycleofenterprisedivision.Thisp
