Extended Value Added Intellectual Coefficient in Manufacturing Companies: Technology Based Companies

The main purpose of this study is to empirically compare of intellectual capital (IC) and its efficiency among manufacturing companies with different level of technology using a sample of 135 Malaysian listed manufacturing companies during the 20062012 period. The manufacturing companies are classified into different sectors based on their products ‎and services (Standard Industrial Classification (SIC) code) on OSIRIS databases. Then, ‎they are categorized into one of the four groups: high, mediumhigh, mediumlow, and ‎low technology. The results of ANOVA test indicate that investment in IC and its components, and efficiency of IC and its components vary with ‎degree of technology of the manufacturing companies. It also can be concluded that more ‎investment in IC components does not necessarily lead to more efficiency of IC.