The Impact of Intellectual Capital on High-Tech Enterprise Performance: Applied Study in China’s Second-Board Market

2017 ◽  
pp. 1677-1687
Author(s):  
Hongchang Mei ◽  
Kunling Wang
Keyword(s):  
Intellectual Capital ◽  
High Tech ◽  
Enterprise Performance ◽  
Applied Study ◽  
The Impact

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

Intellectual capital efficiency and bank’s performance

2019 ◽  
Vol 31 (4) ◽  
pp. 672-694 ◽  
Author(s):  
Amina Buallay ◽  
Richard Cummings ◽  
Allam Hamdan
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Positive Relationship ◽  
Market Performance ◽  
Value Added ◽  
High Tech ◽  
Islamic Banks ◽  
Content Type ◽  
Conventional Banks ◽  
The Impact

Purpose Intellectual capital (IC) plays a pivotal role in the high-tech and knowledge-based economic sectors. With the emergence of FinTech, which, with respect to the banking sector, is merging high-tech with the k-economy, there is an emerging need to highlight the importance and understand the dynamics of bank IC. With respect to Gulf Cooperation Council (GCC) economies, where FinTech has become de rigueur, banking is bifurcated into Islamic and banking sectors. Through comparative empirical analysis, the purpose of this paper is to examine IC efficiency in Islamic and conventional banks with a view to elucidating the impact of IC, in aggregate and decomposed into its components, on an operational, financial and market performance of Islamic banks juxtaposed with conventional banks. Design/methodology/approach Using data collected from 59 banks for five years (2012-2016) involving 295 observations, an independent variable derived from the modified value added IC (MVAIC) components are regressed against dependent bank performance indicator variables [Return on Assets (ROA), Return on Equity (ROE) and Tobin’s Q (TQ)]. Two types of control variables complete the regression analysis in this study: bank-specific and macroeconomic. Findings The findings elicited from the empirical results demonstrate that there is positive relationship between IC efficiency and financial performance (ROE) and market performance (TQ) in Islamic banks. In conventional banks, however, there is a positive relationship between IC and operational performance (ROE) and financial performance (ROE). Originality/value The model in this paper presents a valuable analytical framework for exploring IC efficiency as a driver of performance in dual-sector banking economies characterized by co-existence of Islamic and conventional financial institutions. In addition, this paper highlights bank management lacunae manifesting in terms of the weak nexus between: IC and asset efficiency (ROA) in Islamic banks and IC and market value (TQ) in conventional banks.

The impact of intellectual capital on SMEs’ performance in China

2019 ◽  
Vol 20 (4) ◽  
pp. 488-509 ◽  
Author(s):  
Jian Xu ◽  
Jingsuo Li
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Manufacturing Sector ◽  
Operating Efficiency ◽  
High Tech ◽  
Relational Capital ◽  
Content Type ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Impact

Purpose The purpose of this paper is to explore and compare the extent of intellectual capital (IC) and its four components in high-tech and non-high-tech small and medium-sized enterprises (SMEs) operating in China’s manufacturing sector, and to examine the relationship between IC and the performance of high-tech and non-high-tech SMEs. Design/methodology/approach The study uses the data of 116 high-tech SMEs and 380 non-high-tech SMEs listed on the Shenzhen stock exchanges during 2012–2016. The modified value added intellectual coefficient (MVAIC) model is used incorporating four components, namely, capital employed, human capital, structural capital and relational capital. Finally, multiple regression analysis is utilized to test the proposed research hypotheses. Findings The findings of this paper reveal that there is significant difference in MVAIC between high-tech and non-high-tech SMEs. The results further indicate a positive relationship between IC and financial performance of high-tech and non-high-tech SMEs. Specifically, IC is positively associated with firms’ earnings, profitability and operating efficiency. Additionally, capital employed efficiency, human capital efficiency and structural capital efficiency are found to be the most influential value drivers for the performance of two types of SMEs while relational capital efficiency possesses less importance. Practical implications This paper will provide a valuable framework for executives, managers and policy makers in managing IC within the Chinese context. Originality/value To the best knowledge of the authors, this is the first empirical study that has been conducted on high-tech and non-high-tech SMEs in the manufacturing sector in China.

scholarly journals THE IMPACT OF LEADERSHIP ON THE INTELLECTUAL CAPITAL DEVELOPMENT MODERN COMPANIES IN KOSOVO

2019 ◽  
Vol 31 (1) ◽  
pp. 273-280
Author(s):  
Anita Cucoviċ
Keyword(s):  
Intellectual Capital ◽  
Power Distribution ◽  
Financial Statements ◽  
High Tech ◽  
Knowledge Based ◽  
Manufactured Products ◽  
The One ◽  
Capital Development ◽  
The Impact ◽  
Great Competitiveness

There is no doubt that great competitiveness among companies makes it clear that without rapid and radical changes, Kosovo will not be able to deal with competition in the environment, both broader and immediate. Success in the new world economy will depend on good leadership at all levels, from companies to the state.The leader is the one who successfully leads the change of the organization in order to create a flexible and efficient company capable of quickly and successfully facing the challenges of the external and internal environment and optimally utilize its resources. Such a leader model is necessary for Kosovo in all sectors, i.e. public administration and provides guidelines for how to successfully manage social change in a turbulent environment.Value in the knowledge economy is not generated by the quantity of manufactured products, but by the quality generated by knowledge workers. All of these changes dramatically changed the nature of value creation. It's no longer possible to think about a product as a physical manifestation of value.Industries such as power distribution, telecommunications, computers, software, i.e. high-tech industries have almost doubled their product share over the past twenty years, while knowledge-based services have grown faster and faster.In many companies, knowledge and its personality, intellectual capital, are not directly reflected in the financial statements, and consequently there is insufficient attention in managing those resources. Such companies still calculate their success or failure on old principles, while letting intellectual capital remain unused.

INTELLECTUAL CAPITAL AND PERFORMANCE OF NEW VENTURE HIGH-TECH FIRMS

2004 ◽  
Vol 08 (03) ◽  
pp. 297-318 ◽  
Author(s):  
NORMA JUMA ◽  
G. TYGE PAYNE
Keyword(s):  
Intellectual Capital ◽  
Strategic Alliances ◽  
Empirical Work ◽  
New Venture ◽  
High Tech ◽  
Organizational Survival ◽  
Impact Performance ◽  
And Performance ◽  
The Impact ◽  
The Relationship

Intellectual capital (IC) has been proposed as an essential factor for organizational survival and maintenance of competitive strength. However, there has been very limited consensus on what encompasses IC and how it can best be conceptualized and measured. Further, very little empirical work has specifically examined the relationship between IC and financial performance. Given these shortcomings, this paper focuses first on the impact IC has on performance and secondly on the role strategic alliances may have on this relationship. While we argue that IC will impact performance, we anticipate this relationship will be moderated by strategic alliances and other inter-firm collaborations. Findings reveal interesting relationships that suggest further effort should be placed on the conceptualization and measurement of IC, specifically regarding its relationship to firm performance.

scholarly journals Effects of Industry-University Collaboration on Enterprises’ Intellectual Capital: A Study of Hi-Tech Industries in Zhejiang, China

2020 ◽  
Vol 10 (1) ◽  
pp. 349
Author(s):  
Ran Li ◽  
Eksiri Niyomsilp
Keyword(s):  
Intellectual Capital ◽  
Local Governments ◽  
Quantitative Research ◽  
Quantitative Methods ◽  
Zhejiang Province ◽  
High Tech ◽  
Senior Executives ◽  
The Impact ◽  
The Relationship ◽  
Collaboration Project

This study aims to explore the impact of industry-university collaboration on enterprises’ intellectual capital. From the perspective of industry-university collaboration relationship management, to explore the influence of different industry-university collaboration relationship on the enterprises’ intellectual capital. Survey was used to collect the data from 406 Zhejiang province hi-tech enterprises’ entrepreneur and senior executives of the industry-university collaboration project using purposive sampling. Quantitative methods were used to analyze the variables and to test hypothesis.Industry-university collaboration itself is a systematic project that needs close collaboration and coordination between the society and relevant units. The relationship between universities and enterprises plays an important role in collaboration. It has become an important obstacle of industry-university collaboration and a restriction factor of knowledge transfer. Therefore, industry-university collaboration cross-organizational management has gradually become a research hotpots for scholars. Taking high-tech enterprises in Zhejiang province as an example, this study studies the different effects of industry-university collaborative relations on enterprises’ intellectual capital from the perspective of industry-university collaborative relations, and improves enterprises’ intellectual capital through scientific and effective management of industry-university collaborative relations. On the basis of Tijssen, Perkmann, Walsh and other research achievements, this study divides the industry-university collaboration into two types of relationship: related type and transactional type. Quantitative research method is adopted to analyze the variables and verify the hypothesis. According to the data analysis results, draw a conclusion: Industry-university collaboration relationship should be based on the related relationship, the enterprise with strong related relationship has higher intellectual capital performance. Finally, according to the research results, some Suggestions on the management of industry-university collaborative relationship are put forward for the reference of local governments and future researchers.

scholarly journals The Impact of Intellectual Capital Efficiency on Corporate Sustainable Growth-Evidence from Smart Agriculture in China

Agriculture ◽  
2020 ◽  
Vol 10 (6) ◽  
pp. 199 ◽  
Author(s):  
Xin Long Xu ◽  
Hsing Hung Chen ◽  
Rong Rong Zhang
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Value Added ◽  
Sustainable Growth ◽  
High Tech ◽  
Significant Positive Effect ◽  
Management Tools ◽  
Capital Efficiency ◽  
The Impact ◽  
Positive Effect

In this paper, we expand the value-added intellectual coefficient (VAIC) model by constructing a comprehensive financial capital (FC) component. Human capital efficiency is subdivided into executive (EHCE) and nonexecutive human capital efficiency (NHCE). We have sampled listed agriculture companies (LAC) in China’s Shanghai and Shenzhen A-share markets from 2009 to 2018 and categorized them as high-tech (HTAC) and non-high-tech agriculture companies (NHTAC). We find that capital employed efficiency (CEE) and EHCE have a significant positive effect on corporate sustainable growth (CSG) of HTAC but no significant effect on CSG of NHTAC, while FC has a significant positive effect on both. These results suggest that companies, especially HTAC, should invest in human capital, and their executives and policymakers should develop effective knowledge management tools and begin accumulating the necessary intellectual capital to allow adaptation to their changing environment. In the spirit of the intellectual agriculture concept, we present some new ways to study the performance of agricultural companies using intellectual capital and offer suggestions that can help to modernize the industry.

scholarly journals An Examination of The Impact of Firm Size and Age On Managerial Disclosure of Intellectual Capital By High-Tech Companies

1970 ◽  
Vol 26 (2) ◽  
pp. 167-190
Author(s):  
Blaise Sonnier ◽  
Kerry Carson ◽  
Paula Carson
Keyword(s):  
Firm Size ◽  
Intellectual Capital ◽  
Multivariate Regression ◽  
Inverse Relationship ◽  
High Technology ◽  
High Tech ◽  
Significant Inverse Relationship ◽  
Technology Firms ◽  
High Technology Firms ◽  
The Impact

A sample of 143 high-technology firms was examined to determine if therewere inverse relationships between the size and age of companies and their levelof intellectual capital disclosure. Weak inverse relationships were found betweennumber of employees and level of disclosure and between total assets and levelof disclosure. There was, however, a significant inverse relationship between firmage and level of disclosure. Multivariate regression provided support that firm agewas a significant predictor of level of intellectual capital disclosure. It appears thatyoung companies use increased disclosure to signal to the market their real valueand prospects.

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