Intellectual capital and corporate value in an emerging economy: empirical study of Taiwanese manufacturers

Tseng, Chun‐Yao; Goo, Yeong-Jia

doi:10.1111/j.1467-9310.2005.00382.x

Cited by 318 publications

(333 citation statements)

References 31 publications

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“…A very limited set of studies (e.g. Chen et al, 2006;Tseng & Goo, 2005;Wu et al, 2007) have investigated the effects of Business and Economic Research ISSN 2162-4860 2012 intellectual capital on innovation, which they consider as an antecedent to firm performance. These studies provide mixed results on the interrelationships between the different IC components and their interaction effects on performance.…”

Section: Discussionmentioning

confidence: 99%

“…Similarly to Cohen & Kainenakis (2007), Tseng & Goo (2005) rely on objective performance ISSN 2162-4860 2012 measures (VAIC, Tobin's Q and Market-to-book ratio) to examine the relationship between IC and corporate value in 81 manufacturing firms in Taiwan. In their conceptualization of intellectual capital, they introduce the innovation capital, which covers innovation and technological ability and intellectual property.…”

Section: Survey Based Studiesmentioning

confidence: 99%

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Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

Mention¹

2012

Business and Economic Research

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This article provides a systematic review of the literature on the complex relationships between intellectual capital, innovation and performance. Although these concepts are clearly intertwined, there has been so far and to the best of our knowledge, no attempt to systematically review and integrate the literature examining the relationships between them. Two main streams of literature emerge: on the one hand, some literature focuses on the economic and financial effects of intellectual capital and its components on performance and on the other hand, a small set of survey-based studies aims to delineate these effects adopting a multidimensional approach to performance. Besides these two streams, there is a wealth of literature exploring the effect of isolated element of human, structural or relational capital on performance. Nevertheless, these studies rarely refer to these concepts directly and it is therefore contended that using the concept of intellectual capital may provide interesting insights to illuminate the complex relationships between firms' resources and activities to leverage its intangible assets, innovation and performance. In doing so, it provides an intellectual capital oriented framework to capture the distinctive features of innovation at firm level and hence contributes to the scarce stream of literature focusing on better identifying and delineating innovation effects on performance.

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Section: Discussionmentioning

confidence: 99%

Section: Survey Based Studiesmentioning

confidence: 99%

Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

Mention¹

2012

Business and Economic Research

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“…The results showed that intellectual capital has significant effect on the financial performance of banks. In line with this, Khan et al (2012) and Tseng and Goo (2005) examined the IC and corporate value of Taiwanese manufacturing firms. The outcome of the study showed a positive relationship between IC and corporate value.…”

Section: Literature Reviewmentioning

confidence: 93%

The impact of intellectual capital on the financial performance of listed Nigerian food products companies

Kurfi¹,

Udin²,

Bahamman³

2017

J. Account. Taxation

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This study examines the impact of intellectual capital (IC) on financial performance of listed Nigerian food products companies for five year period 2010 to 2014 by adopting Pulic model of IC known as value added intellectual coefficient (VAIC). Regression models are used to test the hypotheses of the study where the results show that there was positive significant influence of IC on financial performance. Specifically, the results showed that structural capital (SC) and capital employed (CE) influence the financial performance of Nigerian food products companies. Based on the resource-based theory, the results prove that companies can enhance financial performance by emphasising on IC especially in food products companies.

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“…Edvinsson and Malone (1996) (Collier, 2001). Thus IC literature can benefit immensely from theory that explains HC from resource based view, focusing on resource creation and deployment (Tseng & Goo, 2005).…”

Section: Conceptualisation Of Hc In the Disclosure Literaturementioning

confidence: 99%

An Explanation of Human Capital Disclosure from the Resource Based Perspective

Abhayawansa

Abeysekera

2008

SSRN Journal

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Though the importance of human capital (HC) in firm value creation is firmly established in the literature the level of emphasis placed on human capital disclosure (HCD) by preparers of financial statements and sell-side analysts is minimal. The purpose of this paper is to address this dilemma by critically analysing the conceptualisation of human capital in disclosure literature and introduce a more germane explanation. Keywords AbstractPurpose -Though the importance of human capital (HC) in firm value creation is firmly established in the literature the level of emphasis placed on human capital disclosure (HCD) by preparers of financial statements and sell-side analysts is minimal. The purpose of this paper is to address this dilemma by critically analysing the conceptualisation of human capital in disclosure literature and introduce a more germane explanation.Design/Methodology/approach -The paper begins by reviewing the literature on intellectual capital disclosure (ICD) to examine the level of HC disclosure in various company media and use of such information by the capital market. It then critically analyse the conceptualisation of HC in those studies with a view to form an opinion about the adequacy of that conceptualisation. Then resource based view is justified as providing a more appropriate conceptualisation of HC to meet demands of the capital market.Findings -Substantial ICD literature conceptualise HC using human capital theory as a collection of knowledge and competences possessed by employees individually and collectively in firms. This has resulted in HC disclosure scores being considerably low compared to external and internal capital disclosure and does not portray HC in a way that is useful to the capital market. Resource based perspective enable HC to be depicted in a way that closely resembles the value creation potential of firms' employees.Practical implications -Guidance is provided for future HCD and ICD studies to operationalise HC to reflect its value creation potential by encompassing not only the firm specific stock of knowledge and capabilities of employees but also the strategic human resource management practices, enabling corporate culture and the idiosyncratic systems and practices of the firm in place to reap the benefits of these.

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Intellectual capital and corporate value in an emerging economy: empirical study of Taiwanese manufacturers

Cited by 318 publications

References 31 publications

Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

The impact of intellectual capital on the financial performance of listed Nigerian food products companies

An Explanation of Human Capital Disclosure from the Resource Based Perspective

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