The Relationship between Innovation and Competition under the Framework of Clustering Model and Policies

Generally cluster aims to make all firms and corporates which belong to the same logistic chain to be professional about a specific area. Specifically cluster makes easier for corporates to be in front of their rivals by increasing efficiency, using advantages of geographical closeness and also with high specialization and providing important opportunities for high value-added products. Cluster policies have provided more efficient areas by means of highly competent regions for their firms. In this study, we have searched and analyzed the pre-requisite conditions for clusters and reasons behind them, the relationship between competition-venue and between innovation and clusters, also important actors in the process of cluster development. We have also explained the theoretical framework behind the concept of cluster and focus on the efficiency of clustering policies. In this framework, we try to put optimum samples of cluster policies both in Turkey and the globe. Under the global competition and within the era of research and knowledge, it is so crucial for firms to pay attention for importance of clusters and their role in benefiting form advantages of cluster policies. As a result, we can say that nation states today need to develop a multi-dimensional and mutual-influential national cluster policies in order to provide more appropriate manufacturing environment and innovative human capital for their national firms. Our study explains the reasons of this opinion by taking consideration of the realities of countries and some major industries with a number of real specific examples.

The Influence of R&D Intensity on Financial Performance: The Mediating Role of Human Capital in the Semiconductor Industry in Taiwan

Sustainability ◽

10.3390/su12125128 ◽

2020 ◽

Vol 12 (12) ◽

pp. 5128

Author(s):

Tsung-Chun Chen ◽

Yenchun Jim Wu

Keyword(s):

Human Capital ◽

Financial Performance ◽

Capital Investment ◽

Performance Metrics ◽

Intangible Assets ◽

Semiconductor Industry ◽

Value Added ◽

Positive Influence ◽

High Tech ◽

Knowledge transfer is a strategy used by high-tech companies to acquire new knowledge and skills. Knowledge can be internally generated or externally sourced. The access to external knowledge is a quick fix, but the risks associated with reliance on external sources are often overlooked. However, not acquiring such knowledge is even riskier. There have been a slew of litigations in the semiconductor industry in recent years. The acquisition and assurance of intangible assets is an important issue. This paper posits that internal R&D should take into consideration the knowledge intensity and capital investment in the industry. This study focuses on the relationship between intangible assets and financial performance. It sourced the 2004 to 2016 financial data of semiconductor companies in Taiwan for panel data modeling and examined case studies for empirical validation. This study found that the higher the R&D intensity (RDI) in the value-added component of human capital, the better the financial performance of the company. RDI has a positive influence on the accumulation of human capital and financial performance metrics, and such influence is deferred. Meanwhile, human capital is a mediating factor in the relationship between RDI and financial performance. RDI is integral to the semiconductor industry’s pursuit of business sustainability.

THE ENGINEERING DESIGN COMPETENCY

Proceedings of the Canadian Engineering Education Association (CEEA) ◽

10.24908/pceea.v0i0.3991 ◽

2011 ◽

Cited By ~ 1

Author(s):

Jorge Angeles ◽

Ron Britton ◽

Liuchen Chang ◽

Franҫois Charron ◽

Peter Gregson ◽

...

Keyword(s):

Engineering Education ◽

Engineering Design ◽

Value Added ◽

Global Competition ◽

Education Programs ◽

Environmental Challenges ◽

Research Results ◽

The Core ◽

Product And Process ◽

There is increasing global competition for better product and process functionality, higher quality, lower costs, and other considerations including energy and environmental challenges. This trend requires that Canadian industry be more innovative and responsive in order to stay competitive internationally. The Canadian capability in Engineering Design is at the core of our ability to achieve this goal. At both the undergraduate and graduate levels, we must improve the capability and capacity of engineering graduates so that they are capable of leading innovation, and converting research results into value-added products and services. This paper addresses the engineering design competency, identifies needs in engineering design training, and describes directions for the design content in engineering education programs.

Human Capital Efficiency and Financial Performance: Empirical Evidence of Malaysian Public Companies.

The Journal of Social Sciences Research ◽

10.32861/jssr.spi5.878.884 ◽

2018 ◽

pp. 878-884

Author(s):

Azlina Rahim ◽

Amrizah Kamaluddin ◽

Ruhaya Atan

Keyword(s):

Human Capital ◽

Financial Performance ◽

Value Added ◽

Annual Reports ◽

Public Companies ◽

Accounting Data ◽

Return On Equity ◽

Capital Efficiency ◽

Financial Performance Measures ◽

The purpose of this study is to investigate empirically the relationship between human capital efficiency and financial performance of Malaysian public companies. Using accounting data, this study reviewed the annual reports of Malaysian companies for a period of thirteen years from 2000 to 2012. The study applied Value Added Intellectual Coefficient (VAICTM) methodology developed by Ante Pulic to determine the human capital efficiency of a company. The regression models was construct to examine the relationship between human capital efficiency and financial performance measures including return on assets (ROA) and return on equity (ROE).The results revealed that human capital efficiency has significant and positive relationships with financial performance. The human capital efficiency is seen as a value driver for a company’s competitiveness. Hence, the findings of this study should help companies’ managers to make better decision pertaining to investment of their strategic asset that is human capital.

The Impact of R&D Expenditures on Corporate Performance: Evidence from Slovenian and World R&D Companies

Sustainability ◽

10.3390/su12051943 ◽

2020 ◽

Vol 12 (5) ◽

pp. 1943

Author(s):

Dejan Ravšelj ◽

Aleksander Aristovnik

Keyword(s):

Corporate Performance ◽

Value Added ◽

Global Competition ◽

Short Term ◽

Business Operations ◽

The Impact ◽

D Investment ◽

Practical Implications ◽

Research and development (R&D) investment is widely recognised as one of the crucial elements of generating the competitive advantage of contemporary companies. At the same time, it is also considered to represent one of the key determinants of overall sustainable development. Global competition, which is becoming increasingly harsh and forces companies to provide value-added products, processes and services, constitutes a reason why R&D investment is indispensable in contemporary business operations as they facilitate keeping the companies’ position in the market in terms of their competitiveness. The main aim of this paper is therefore to examine the impact of R&D expenditures on corporate performance. Using a multiple regression analysis, two different panel datasets covering Slovenian and world R&D companies are analysed. This gives a unique opportunity to obtain comprehensive and interesting findings, representing the main originality and value of the paper. The empirical results reveal that R&D expenditures are not effective in the short-term period and bring certain benefits in the long-term period. The findings of this paper provide several important theoretical and practical implications.

Relationship between value added capital employed, value added human capital, structural capital value added and financial performance

Investment Management and Financial Innovations ◽

10.21511/imfi.15(2).2018.20 ◽

2018 ◽

Vol 15 (2) ◽

pp. 222-231

Author(s):

Helin Garlinia Yudawisastra ◽

Daniel T. H. Manurung ◽

Fitria Husnatarina

Keyword(s):

Human Capital ◽

Financial Performance ◽

Value Added ◽

Purposive Sampling ◽

Knowledge Based ◽

Structural Capital ◽

Asset Value ◽

Relationship Of ◽

The Relationship ◽

Capital Value

Companies that can survive are companies that need to quickly change its strategy from a business based on labor towards knowledge-based business, so that the main characteristics of the company are changed towards a science-based company. This study examines the relationship of value added capital employed, value-added human capital, structural capital value added and financial performance. The method of this research is purposive sampling with a total of 34 samples analyzed by using Eviews version 9. The result stated that value added capital employed has no effect on return on asset, value added human capital has an effect on return on asset, structural capital value added has an effect on return on asset.

Research on Eco-Economy System of Shanghai Pudong New Area Based on Emergy Analysis

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.507.859 ◽

2014 ◽

Vol 507 ◽

pp. 859-863

Author(s):

Xiao Bing Pei ◽

Fang Liu

Keyword(s):

Social Economic ◽

Value Added ◽

Emergy Analysis ◽

The Sustainable Development ◽

Loading Ratio ◽

Environment Stress ◽

Pudong New Area ◽

The Relationship ◽

Economy System ◽

Based on emergy analysis, this paper studied the emergy flow in the eco-economy system in Shanghai Pudong New Area from 1995 to 2011 and analyzed the relationship between the environment stress caused by the development of economic and the sustainable development of the area from the perspective of nature-social-economic ecosystem. The results show that the development of the area depended mainly on the nonrenewable emergy resources, the largest percentage of the output emergy was the high value-added products, the wealth of the system increased during the 1995-2011, and the emergy density and per capita emergy is higher than Chinese domestic average obviously. However, the loading ratio of the environment increased while the carrying capacity of the population decreased, and the ESI of area fell from 0.13 to 0.01 during 1995-2011, which indicates Pudong belonged to developed area with the rapid economic development, but the development of the new area has brought huge stress to the environment and the function of the overloaded ecosystem was decreasing continuously.

The impact of corporate governance on intellectual capitals efficiency in Iran

International Journal of Islamic and Middle Eastern Finance and Management ◽

10.1108/imefm-11-2017-0291 ◽

2020 ◽

Vol 13 (4) ◽

pp. 749-766 ◽

Cited By ~ 1

Author(s):

Mahmoud Lari Dashtbayaz ◽

Mahdi Salehi ◽

Alieyh Mirzaei ◽

Hamideh Nazaridavaji

Keyword(s):

Corporate Governance ◽

Human Capital ◽

Audit Committee ◽

Negative Impact ◽

Stock Exchange ◽

Value Added ◽

Content Type ◽

Financial Expertise ◽

The Impact ◽

Purpose The purpose of this study is to evaluate the impact of corporate governance on intellectual capital (IC) in companies listed on the Tehran stock exchange. Design/methodology/approach In this paper, the board features (size, independence and CEO duality) and the characteristics of the audit committee (financial expertise, independence and size) are considered to measure the factors of corporate governance. The IC is also divided into communicative, human, structural and value-added IC. Research data are gathered using a sample of 132 companies during 2013-2016. Research hypotheses are analyzed using panel data and logistic regression models. Findings The findings indicate that while the board’s independence, financial expertise and the size of the audit committee are negatively related to the communicative capital, the relationship between audit committee independence and communicative capital is positive and significant. Further, the authors observe that there is a positive relationship between board independence and human capital, a negative and significant link between audit committee size and human capital. By the way, the results reveal that audit committee independence and audit committee size have, respectively positive and negative impact on structural capital. Originality/value The results of the current study may give more insight into the relationship between corporate governance and managerial capital in developing nations.

Should Listed Banks Be Concerned with Intellectual Capital in Emerging Asian Markets? A Comparison between China and Pakistan

Sustainability ◽

10.3390/su11236582 ◽

2019 ◽

Vol 11 (23) ◽

pp. 6582 ◽

Cited By ~ 3

Author(s):

Xu ◽

Haris ◽

Yao

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Positive Impact ◽

Value Added ◽

Bank Performance ◽

Bank Profitability ◽

Structural Capital ◽

Chinese Banks ◽

Capital Efficiency ◽

The purpose of this study is to determine and compare the relationship between intellectual capital (IC) and banks’ performance in China and Pakistan. The data are acquired from listed banks in these two countries during 2010–2018. The Value Added Intellectual Coefficient (VAIC™) method is applied as a measure of IC. The results show that capital employed efficiency (CEE) makes the highest contribution to bank performance in both countries. In addition, the profitability of listed Chinese banks is driven by structural capital efficiency (SCE), while human capital efficiency (HCE) positively affects bank profitability and productivity in Pakistan. In addition, we find that the lagged effect of IC has a positive impact on future bank profitability. This study supports greater investment in IC in order to further improve bank performance in emerging Asian markets.

Examining Economic Growth Through Brand Development: A Multinational Analysis

SAGE Open ◽

10.1177/2158244020921871 ◽

2020 ◽

Vol 10 (2) ◽

pp. 215824402092187 ◽

Cited By ~ 1

Author(s):

Dila Asfuroglu ◽

Nuriye Zeynep Ökten ◽

Elif Yolbulan Okan

Keyword(s):

Economic Growth ◽

Developing Countries ◽

Human Capital ◽

Economic Performance ◽

Mass Production ◽

Value Added ◽

Developed Countries ◽

Brand Development ◽

Endogenous Growth Model ◽

Due to the increasing importance of human capital for economic growth, this article aims to clarify the relationship between economic growth and human capital by concentrating on the growth effects of an average number of brands in the economy. An endogenous growth model where branding emerges as the “growth engine” of the economy is followed by a quantitative analysis regarding the relationship between brands and economic growth. The findings suggest that developing countries should shift from traditional mass production to high value-added production, such as brand development, to achieve a similar economic performance in developed countries.

The relationship between intellectual capital and employees' productivity: evidence from the Gulf Cooperation Council

Journal of Management Development ◽

10.1108/jmd-05-2019-0210 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Amina Buallay ◽

Ala’a Adden Abuhommous ◽

Gagan Kukreja

Keyword(s):

Human Capital ◽

Intellectual Capital ◽

Value Added ◽

Gulf Cooperation Council ◽

Least Square ◽

Content Type ◽

Ordinary Least Square ◽

Structural Capital ◽

Capital Efficiency ◽

PurposeThe purpose of this paper is to establish the relationship between intellectual capital (IC) and employees' productivity (EP) in the Gulf Cooperation Council (GCC) region.Design/methodology/approachThe value-added intellectual coefficient (VAIC) is used to measure IC performance in 198 firms listed in Saudi Arabia and Bahrain from 2012 to 2014. The pooled-corrected estimation technique is used to estimate a panel regression model with EP as the dependent variable. Firm size and sectors are controlled for in the regression analysis. The independent variable (IC) has been measured using human capital efficiency (HCE), structural capital efficiency and capital employed efficiency (CEE) in order to measure the value of IC.FindingsBased on the VAIC, the authors found that the values of IC investments are mostly generated from investments in human capital. The results of the panel-corrected ordinary least square indicate that VAIC and its individual components are positive and significantly related to variations in employees' productivity. HCE contributed the highest and CEE contributed lowest VAIC.Originality/valueThe originality of this paper is to show the importance of investment in the human capital as a key contributor of firm's performance. Hence, this study encourages firm's leaders and management in the GCC to invest and focus their management/leadership styles on human capital to achieve their goals. To the best of the knowledge of the coauthors, this is the first study which empirically examines the relationship between IC and EP in the GCC region.