• Title, Summary, Keyword: Intellectual capital

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Effects of Intellectual Capital on Organizational Performance of Nurses in Medium and Small Hospitals (중소병원 간호조직의 지적자본이 조직성과에 미치는 영향)

  • Kim, Won-Kyung;ChoChung, Hyang-In
    • Journal of Korean Academy of Nursing Administration
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    • v.18 no.4
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    • pp.452-459
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    • 2012
  • Purpose: This study was a descriptive study conducted to investigate the effects of intellectual capital on organizational performance of nurses in medium and small hospitals. Methods: Data were collected from 241 nurses working in medium and/or small hospitals located in G City from August 10 to September 17, 2011. The measurement tools were the Intellectual Capital scale and Organizational Performance scale. Data were analyzed using frequency, percentage, mean, standard deviation, t-test, one way ANOVA, Pearson correlation, and hierarchical regression with SPSS WIN 18.0 PC. Results: Intellectual capital composed of human, customer, and structure capital had significant effects on organizational performance of nurses working in medium and small hospitals and explained 50.4% of the variance. Conclusion: In order to promote organizational performance of nurses, nursing managers and administrators need to invest more resources into the intellectual capital of the system including human, customer, and structure capital.

The Extent of Intellectual Capital Disclosure and Corporate Governance Mechanism to Increase Market Value

  • SOLIKHAH, Badingatus;WAHYUDIN, Agus;RAHMAYANTI, Anggraeni Anisa Wara
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.119-128
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    • 2020
  • The aim of this paper is to investigate the level of intellectual capital disclosure (ICD) in commercial banks listed on the Indonesian Stock Exchange. This paper also observed the effects of ICD and corporate governance mechanism on market value. This study uses content analysis techniques to measure ICD. The paper provides a novel approach to measure the ICD quality in developing countries using a four-numerical coding system. Secondary data were obtained from the financial statements and annual reports of the banks for the period 2011-2014. The data from 31 banks were analyzed using ordinary least square regression. The study reports that the quality of intellectual capital disclosure in Indonesian commercial banks increase steadily. Narrative disclosure dominates the report of intellectual capital in Indonesian banks. The results indicate that the size of audit committee, frequency of audit committee meeting, and intellectual capital disclosure affect positively the market value. Overall, the results indicate intellectual capital disclosure is associated with the market capitalization; these findings indicate that the ICD is a consideration in a stock investment decision. While regulations in Indonesia regarding intellectual capital reporting are not conclusive yet, the information needs of stakeholders have encouraged companies to expand voluntary disclosure.

The Impact of Intellectual Capital Disclosure on Firm Performance: Empirical Evidence from Pharmaceutical and Chemical Industry of Bangladesh

  • RAHMAN, Md. Musfiqur;SOBHAN, Raihan;ISLAM, Md. Shafiqul
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.2
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    • pp.119-129
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    • 2020
  • The main purpose of this study is to examine the impact of intellectual capital disclosure (ICD) on firm performance in the pharmaceutical and chemical industry of Bangladesh. In this study, 21 listed pharmaceutical and chemical companies have been selected as sample for 2016 and 2017. This study used the intellectual capital disclosure index developed by Rahman, Sobhan, and Islam. Return on assets and return on equity have been used as the proxy variable of firm performance. In this study, content analysis is performed to assess the level of disclosure regarding intellectual capital and pooled cross-sectional analysis is used to assess the relationship between ICD and firm performance. The study has found a positive and significant relationship between ICD and firm performance. Besides, an in-depth analysis of this study shows that all the components of ICD namely internal capital disclosure, external capital disclosure, and human capital disclosure are also positively and significantly associated with firm performance. The study suggests the development of an intellectual capital disclosure framework by the regulatory authority for mandatory compliance. This will improve the quality and quantity of ICD in the annual reports. Besides, firms should more emphasize on ICD which will help to improve their performance.

Intellectual Capital Disclosure and Its Determinants: Empirical Evidence from Listed Pharmaceutical and Chemical Industry of Bangladesh

  • Rahman, Md. Musfiqur;Sobhan, Raihan;Islam, Md. Shafiqul
    • The Journal of Business Economics and Environmental Studies
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    • v.9 no.2
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    • pp.35-46
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    • 2019
  • Purpose - The purpose of this study is to find out the intellectual capital disclosure (ICD) and its determinants in the pharmaceutical and chemical industry of Bangladesh. Research design, data, and methodology - This research study is conducted on the listed firms of pharmaceutical and chemical industry in Bangladesh during the period of 2016 to 2017. This study develops a self-structured intellectual capital disclosure index; and the proxies of determinants of ICD are used as board characteristics (board size, independent directors and female directors), ownership structures (institutional ownership and director ownership), and firm characteristics (firm size, leverage and performance). The study uses a content analysis to analyze the extent of ICD and a pooled cross-sectional method to find the determinants of ICD. Research Findings - This study finds that intellectual capital disclosure is positively associated with firm size, leverage, and firm performance and negatively associated with director ownership and institutional ownership. This study also finds that there is no significant association of ICD with independent director or female director. Conclusions - The study recommends that the regulatory authority should develop mandatory guidelines on ICD for ensuring proper and consistent disclosure about the intellectual capitals. Besides, the companies should include a separate section in the annual reports to disclose the measurement and management of intellectual capital.

The Effect of Intellectual Capital and Good Corporate Governance on Financial Performance and Corporate Value: A Case Study in Indonesia

  • ANIK, Sri;CHARIRI, Anis;ISGIYARTA, Jaka
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.391-402
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    • 2021
  • This study aims to analyze the impact of the company's financial performance in mediating the relationship between Intellectual Capital and GCG on Corporate Value in banking companies listed on the Indonesia Stock Exchange (IDX). Also, this study analyzes the direct effect of intellectual capital and GCG on corporate value and the indirect effect through the company's financial performance. This study develops research of Chen et al. (2005) and measures Intellectual Capital with VAIC (Pulic, 1998). VAIC model is more accurate to measure Intellectual Capital because it can show potential intellectual use efficiently. The data used are banking companies listed on the IDX in 2014-2016 with purposive sampling technique and Data Analysis Technique used are path analysis. The results showed that the financial performance of banking companies was proven to mediate the relationship between intellectual capital and GCG. The role of GCG that can improve financial performance and corporate value is only GCG as measured by the ratio of independent commissioners and audit quality. Meanwhile, the financial performance and corporate value audited by the Big 4 will be greater than the financial performance and corporate value of the banking companies listed on the Indonesia Stock Exchange that are not audited by the Big 4.

The Effects of Intellectual Capital on Financial Performance of Korean Banks (지식자본이 은행의 재무성과에 미치는 영향)

  • Kim, Sung Woo;Lee, Ki Hwan
    • International Area Studies Review
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    • v.22 no.4
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    • pp.37-54
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    • 2018
  • This study examines empirically on relevance between bank performance and IC(Intellectual Capital) in the field of banking sector in Korea. IC is measured by VAIC(Value Added Intellectual Capital) and VAIC consists of HCE(Human Capital Efficiency Coefficient), CEE(Capital Employed Efficiency Coefficient) and SCE(Structural Capital Efficiency Coefficient). Main results are as follows. First, the effects of IC(Intellectual capital) on banks performance show significant (+) effect on the performance of banks. Second, Human capital and bank size shows the significant effect on the banks financial performance but SCE, CEE, and other variables didn't show it. As a concluding remark, IC(Intellectual capital) is very helpful for banks to go forward financially to get information and knowledges easily. This study help stakeholders and investors assess the value creating potential of banks and policy makers to implement policies for performance establishment of a Korean banking sector.

A Study on Social Capital Formation and Model Applicability of Intellectual Capital in Public Libraries (공공도서관의 사회자본 형성과 지적자본 모형 적용 가능성)

  • Park, Seong-Woo;Chang, Woo-Kwon
    • Journal of Korean Library and Information Science Society
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    • v.41 no.1
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    • pp.233-254
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    • 2010
  • This research attempted to examine the concept of social capital and intellectual capital for re-conceptualizing the library's total values. This approach enabled research to analyze that social capital formation is created by public libraries as functioning agencies. Intellectual capital consisted of human capital, structural capital and social capital was examined on applicability in the public libraries by understanding social capital. The research outlined the mechanism for total values of libraries. Finally the findings of this research were expected to help to research for libraries' identity.

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Knowledge-based Economy and the Efficiency of National Intellectual Capital: Focusing on Korea.US.Japan.China (지식기반경제와 국민지적자본의 효율성: 한.미.일.중을 중심으로)

  • Kim, Seon-Jae
    • The Journal of the Korea Contents Association
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    • v.8 no.10
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    • pp.158-171
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    • 2008
  • Measuring intellectual capital efficiency is one of the greatest challenges for all who are involved in knowledge-based economy, at macro as well as at micro level. The purpose of this study is to calculate and analyze the efficiency of national intellectual capital and value added intellectual coefficient for Korea, US, Japan, and China during the period 2000-2005. Major findings from the analysis can be summarized as follows. The US shows both the highest value creation efficiency of national intellectual capital, 1.480 and the highest value added intellectual coefficient, 6.585. It holds rank one according to GDP per capita, $41,541 in 2005. In Korea, the coefficient of national intellectual capital efficiency is 1.321 while that of value added intellectual capital is 4.733. However, the national intellectual capital efficiency of Japan, 1.271 is in opposition to the created high of vale added, 5.695. Finally, China shows that the coefficient of national intellectual capital efficiency is 1.438 while that of value added intellectual capital is 3.815.

The Affects of Social Capital and Intellectual Capital on The Entrepreneurial Intention of Senior Generation (시니어세대의 사회적자본과 지적자본이 창업의지에 미치는 영향)

  • Gil, Dae-Ho;Jeong, Hwa-young
    • Asia-Pacific Journal of Business
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    • v.10 no.2
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    • pp.79-97
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    • 2019
  • The purpose of this study is to study the influence of the entrepreneurship of the senior generation on the will to start a business at a time when the senior generation cannot lead to technology start-ups or reemployment even after retirement. In addition, in this study, we look at the relationship between entrepreneurship and will to start a business and use social and intellectual capital to verify the impact of entrepreneurship on the will to start a business. This study shows that entrepreneurship is concerned with the relationship between social and intellectual capital and not with the relationship between entrepreneurship and will to start a business. In addition, the relationship between social capital to the will to start a business was significant and the intellectual capital was not significant in the will to start a business. Even if entrepreneurship is embedded, it means that experience and network of social and intellectual capital are essential to the will to start a business, rather than to start one right away.

Measurement of Intellectual Capital in Public Research Institute (공공 연구기관의 지적자본 측정)

  • Yi Chan-Goo;Kim Myung-Soon;Kim Dong-Young;Park Sang-Gyu;Lee Seung-Koog;Kim Yong-Koo
    • Journal of Korea Technology Innovation Society
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    • v.8 no.2
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    • pp.757-782
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    • 2005
  • This paper aims to measure the intellectual capital (IC) of the E institute, a typical type of public research institute and to analyse the measurement results. Regarding the research framework, we basically adopted the 'Intangible Assets Monitor' proposed by Sveiby and comprising human capital, structural capital and relational capital. For this work, we firstly identified 37 intellectual capital indicators which are slightly, or sometimes totally, different from ones for private companies in the perspective of their organisational attributes and characteristics. Then, based on these 37 indicators, we measured a current state of the intellectual capital in 2003 and 2004 respectively and identified the range of variation between two years. Through this work, we try to show that the core competitiveness of the public research institute came from not tangible assets such as land, building and facilities, but intellectual capital including human competences, the rational organisational system and the stakeholder's satisfaction. As a result, it may constitute the first time in Korea for the E institute to measure its own intellectual capital for two years as well as to publish the findings of measurement.

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