Title :
Does Intellectual Capital Really Create Value?
Author :
Yu, Fusheng ; Zhang, Lin
Author_Institution :
Dept. of Accounting, Renmin Univ. of China, Beijing
Abstract :
This study empirically examines the relationship between intellectual capital and corporate value in Chinese high-tech industry. Skandia navigator system is employed to select the indicators for IC. The Ohlson model is employed as the research framework. The results show that human capital and custom capital create value for Chinese high-tech industry. In order to sustain the competitive advantage in the long term, it is important to enhance R&D investment and improve employees´ all-round development for Chinese high-tech industry.
Keywords :
industrial property; knowledge management; research and development management; Chinese high-tech industry; R&D investment; Skandia Navigator System; corporate value; custom capital; human capital; intellectual capital; Availability; Distortion measurement; Humans; Industrial relations; Integrated circuit modeling; Integrated circuit testing; Knowledge management; Navigation; System testing; Terminology;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
Conference_Location :
Dalian
Print_ISBN :
978-1-4244-2107-7
Electronic_ISBN :
978-1-4244-2108-4
DOI :
10.1109/WiCom.2008.2324
