• Title, Summary, Keyword: Intellectual capital

Search Result 121, Processing Time 0.03 seconds

An Empirical Study of Social Capital and Performance of Intellectual Property (사회적자본과 지식재산 성과에 관한 실증적 연구)

  • Park, Hoin;Lee, Jongmoo
    • Journal of Korea Society of Digital Industry and Information Management
    • /
    • v.12 no.4
    • /
    • pp.123-134
    • /
    • 2016
  • Social capitals are getting more important for management in enterprises, especially in small and medium sized enterprises(SMEs). The purpose of this study is to examine the effect of social capitals on the performance of intellectual property. For the empirical analysis, survey data were collected from 138 companies in one industry cluster, 34 companies in the other one. The data were compared using regression analysis. The findings confirm a positive influence of the conceptive social capital on the performance of intellectual property while there are no effect of structural and relational social capitals on the performance. These are different from the past researches. In addition, there is no difference between industrial types such as IT, BT, and NT in terms of the effect of social capitals on the performance of intellectual property. Also there is no difference between the two industry clusters.

A Comparative Study on the International Competitiveness of Korea's Financial Service Sector using $VAIC^{TM}$ Model (부가가치지적계수($VAIC^{TM}$) 모형을 이용한 한국 금융서비스 분야의 국제경쟁력 비교 분석)

  • Park, Jae-Seek;Lee, Hak-Loh
    • International Commerce and Information Review
    • /
    • v.16 no.3
    • /
    • pp.97-119
    • /
    • 2014
  • This study measures the efficiency of intellectual capital of Korea's banks, financial investment companies, and insurance companies using the Value Added Intellectual Coefficient (VAICTM) model, which was developed by A. Pulic and investigates into the relationship of each of VAIC's elements - efficiency of human, structural, and material capital -with business performance of the institution. we found, first, average VAIC and human capital efficiency(HCE) of Korean financial institutions during 2001 - 2012 were highest among banks, followed by insurance companies and securities firm. Secondly, in general, banks in advanced countries tend to have higher HCE and VAIC compared with the banks of developing countries. Thirdly, Korean financial institutions' HCE and VAIC are lower than those of Australia and even Taiwan and Thailand and have been on the decrease in recent years. This suggests that Korean financial institutions should enhance VAIC and HCE to build-up the international competitiveness.

  • PDF

The Effects of Entrepreneurship on Innovation Performance - Focusing on the Mediating Effect of Social Capital and Intellectual Capital - (기업가정신이 혁신성과에 미치는 영향에 관한 연구 - 사회적 자본과 지적자본의 매개효과를 중심으로 -)

  • Ahn, Chang-Heun;Kim, Sun Geun
    • Management & Information Systems Review
    • /
    • v.36 no.2
    • /
    • pp.261-276
    • /
    • 2017
  • One of the main objectives of this paper is to identify the mediating effects of both social and intellectual capitals in the relations between entrepreneurship and innovation performance in Small and Medium Businesses. Based on the previous literatures on their relationships, we set our research model and test our hypotheses through a questionnaire survey. The main results of our analyses are as followings: first, entrepreneurship has a significant effect on innovation performance; second, social capital has a significant mediating effect between entrepreneurship and innovation performance; and finally, there exists a significant mediating effect between intellectual capital and entrepreneurship. One of the main policy implications of this study would be that the level of both social and intellectual capitals, coupled with entrepreneurship, should be reinforced in order to improve innovation performance.

  • PDF

The Effect of Intellectual Capital on the Clinical and Financial Performance of Hospitals (병원의 지적자본이 진료 및 재무 성과에 미치는 영향)

  • Kim, Jang-Mook;Kim, Sung-Ho;Seo, Young-Joon
    • The Korean Journal of Health Service Management
    • /
    • v.10 no.1
    • /
    • pp.27-37
    • /
    • 2016
  • Objectives : This study applied the research model of Bontis (1998), which has been used to investigate everything from business corporations to hospitals in Korea, examined its generalizability and attempted to verify which factors of the intellectual capital affects organizational performance, represented by indicators for the clinical and financial performance of hospitals. Methods : Primary data for the study were collected from 91 general hospitals through self-administered questionnaires, and secondary data on clinical and financial performance of hospitals were collected form existing statistics. Collected data were analyzed with SPSS 11.5 (ver.) and AMOS 18.0 (ver.). Results : It was found that only human capital and customer capital had indirect effects on hospital performance. It was also revealed that structural capital had a direct effect on clinical performance, and an indirect effect on financial performance. Conclusions : This result means that there is a need to individually consider both the clinical performance and financial performance when measuring the organizational performance of a hospital, and it also shows that positive improvement in the clinical performance can contribute to the improvement of the financial performance through this process.

The Effects of Intellectual Capital and Financial Leverage on Evaluating Market Performance

  • OBEIDAT, Samer;AL-TAMIMI, Khaled;HAJJAT, Emad
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.3
    • /
    • pp.201-208
    • /
    • 2021
  • This study aimed to identify the key factors that affect the financial market performance (Price-Earnings Model) through a sample of 35 public shareholding industrial companies on the Amman Stock Exchange for the period 2010-2019, using statistical models and methods, such as the Simple Linear Regression Model, Correlation Coefficient, and dispersion board. The study results showed the nonexistence of a statistically significant effect between the intellectual capital and market value added (MVA) and market performance. Results also showed a statistically significant positive effect between financial leverage (FL) and the market performance, where the interpreted variation reached 64%. It showed from the analysis results that the relationship between (MVA) and market performance (P/E) agrees with the study hypotheses, while the result related to (FL) disagrees with the study hypotheses. The study recommends that public shareholding industrial companies should focus more on intellectual capital and show its value in the annual financial statements and reports, and those companies that have high profitability and the chance to hold gains and profits should rely less on debt and more on retained earnings, due to the high risk of debt and in line with the present unstable circumstances in Jordan, especially in light of the global Covid-19 crisis.

Does Audit Committee Quality Mediate Determinants of Intellectual Capital Disclosure?

  • ASTUTI, Resa Nur;FACHRURROZIE, Fachrurrozie;AMAL, Muhammad Ihlashul;ZAHRA, Siti Fatimah
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.7
    • /
    • pp.199-208
    • /
    • 2020
  • This study investigates the direct and indirect effects, mediated by audit committee quality, of managerial ownership, institutional ownership, and profitability on intellectual capital (IC) disclosure. The object observed of this study is companies listed on the Indonesia Stock Exchange (IDX) in the 2014-2018 period that are classified as high intellectual capital-intensive industries. Based on the sampling method, purposive sampling, 51 companies were selected as samples. This study used path analysis techniques with IBM SPSS version 25 to study the direct and indirect influences of managerial ownership, institutional ownership, and profitability toward IC disclosure. The results of this study show that managerial ownership, profitability and audit committee quality have a significant positive effect on IC disclosure whereas institutional ownership has significant negative effect on IC disclosure. This study also provides empirical evidence, supported by the sobel test, that the audit committee quality is able to mediate the effect of institutional ownership and profitability on IC disclosure. However, the audit committee quality is not able to mediate the effect of managerial ownership on IC disclosure. These findings develop and strengthen the results of prior studies related to the implementation of signaling theory and agency theory in devoting more understanding about IC disclosure.

Empirical Study on the Factors affecting Technology Innovation-driven SMEs' Performance: Comparison between IT and BT Industries (산업간 비교를 통한 기술혁신주도형 중소기업의 성과분석)

  • Choi Myung-Shin;Yun Jin-Hyo;Park Kyung-Su
    • Journal of Technology Innovation
    • /
    • v.14 no.1
    • /
    • pp.119-146
    • /
    • 2006
  • This paper attempts to identify variables which affect Korean technology innovation-driven SMEs' performance in comparison with IT and BT industries. Technology development strategy, marketing capability, intellectual capital managerial ability are included to generate variables for the empirical research. The results of this study show that technology development strategy, marketing capability, intellectual capital managerial ability influence on the sales growth of technology-based SME in IT and BT industries. It also discusses some implications of Korean technology innovation-driven SMEs' strategy and management.

  • PDF

Factors Affecting Technological Innovation in Manufacturing Companies in Korea-The Role of Intellectual Property Management (IP관리가 기술혁신활동에 미치는 요인분석)

  • Kim, Eung-Do;Bae, Khee-Su
    • Korean Management Science Review
    • /
    • v.31 no.4
    • /
    • pp.29-42
    • /
    • 2014
  • As society proceeds rapidly toward a knowledge-oriented stage, knowledge as an intangible asset has gained increasing importance. Companies increase their competitiveness and generate extra value through continuous investments in the management of intellectual property (IP). Thus, the prime concerns of companies have been protection of their technological innovation output through filing for IP rights, and maximization of their interests through utilization of intangible assets. Despite the importance of technological innovation in the management of a company, few studies have analyzed the key factors in the management of IP and activities for technological innovation. This study aims to derive policy implications for managing IP and effective capacity building for technological innovation. For this purpose, the author has employed empirical tests to identify the major factors influencing the direction of technological innovations in a company.

The Effects of Absorptive Capability and Innovative Culture on Innovation Performance: Evidence from Chinese High-Tech Firms

  • LIU, Si-Meng;HU, Rui;KANG, Tae-Won
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.3
    • /
    • pp.1153-1162
    • /
    • 2021
  • The innovation of enterprises allowed firms to promote technological innovation as an important choice to improve sustainable competitiveness. This study aims to investigate the relationship between absorptive capacity and innovation performance of Chinese high-tech enterprises and focuses on the mediating role of innovation culture in high-tech enterprises. Data came from surveying high-tech enterprises in China, and the reliability analysis, factor analysis, and correlation analysis, path analysis (SEM) were analyzed using SPSS23, AMOS. The results show that intellectual capital composed of human capital, structural capital, and relational has a significant impact on acquisition performance; intellectual capital is composed of human capital; structural capital has a significant influence on innovation performance; and absorptive capital has a significant impact on innovation performance. In addition, innovative culture plays a partial mediating role between absorptive capacity and innovation performance. The findings of this study suggest that, to ensure the better absorption and operation of knowledge, high-tech enterprises can accumulate more knowledge, promote the transformation of knowledge into technology, and strengthen the capability of knowledge absorptive capacity, and at the same time, create an innovation culture atmosphere and encourage employees to develop new products to achieve enterprise goals in order to promote the improvement of innovation performance.

A Study on the Model Development for Intellectual Capital Valuation (지적자본 가치평가 모델 개발에 관한 연구)

  • Kym, Hyo-Gun;Moon, Yun-Ji
    • Information Systems Review
    • /
    • v.4 no.1
    • /
    • pp.69-87
    • /
    • 2002
  • As the society of knowledge becomes, the most competitive resource for corporations is knowledge. Furthermore corporations may evaluate and improve latent knowledge of `Intellectual Capital' (IC), which will be directly related with the existence of corporation in the future. Although it has been researched and proposed to evaluate IC value that is ignored relatively to tangible asset, the indexes of evaluating IC have never been examined and have been adopted by many corporations. Furthermore, as there is no systematic model to evaluate IC value, each corporation should re-evaluate IC valuation model. Economic wastes have been created under this situation. Therefore this study intends to develop a synthetic and systematic model for IC valuation. Consequently the model is consisted of 3 dimensions, 10 factors, 22 evaluation criteria, and 82 indexes, which was necessary for IC valuation. This model will be practically applied to IC valuation of corporations.