{"title":"数字化转型是否会调节智力资本对企业绩效的影响？","authors":"Duc Hong Vo, Ngoc Phu Tran","doi":"10.1007/s13132-024-02270-8","DOIUrl":null,"url":null,"abstract":"<p>This study examines the independent and joint effects of digital transformation and intellectual capital on firm performance in the Vietnamese context. We utilize data from the annual reports of 118 publicly listed Vietnamese firms from 2011 to 2021. Intellectual capital is measured using the modified value-added intellectual coefficient (MVAIC) model, and the generalized method of moments is employed. In addition, we use the threshold regression estimator to examine these effects at varying levels of intellectual capital. Our results indicate that intellectual capital enhances firm performance, whereas digital transformation negatively affects firm performance in Vietnam. However, when digital transformation is implemented together with investing in intellectual capital, their joint effect positively contributes to firm performance. We also find that the positive impact of digital transformation on firm performance is more pronounced when intellectual capital is high. These findings offer valuable insights for executives and policymakers on effectively leveraging intellectual capital and managing digital transformation to support firm performance in Vietnam.</p>","PeriodicalId":47435,"journal":{"name":"Journal of the Knowledge Economy","volume":null,"pages":null},"PeriodicalIF":4.0000,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Does Digital Transformation Moderate the Effect of Intellectual Capital on Firm Performance?\",\"authors\":\"Duc Hong Vo, Ngoc Phu Tran\",\"doi\":\"10.1007/s13132-024-02270-8\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This study examines the independent and joint effects of digital transformation and intellectual capital on firm performance in the Vietnamese context. We utilize data from the annual reports of 118 publicly listed Vietnamese firms from 2011 to 2021. Intellectual capital is measured using the modified value-added intellectual coefficient (MVAIC) model, and the generalized method of moments is employed. In addition, we use the threshold regression estimator to examine these effects at varying levels of intellectual capital. Our results indicate that intellectual capital enhances firm performance, whereas digital transformation negatively affects firm performance in Vietnam. However, when digital transformation is implemented together with investing in intellectual capital, their joint effect positively contributes to firm performance. We also find that the positive impact of digital transformation on firm performance is more pronounced when intellectual capital is high. These findings offer valuable insights for executives and policymakers on effectively leveraging intellectual capital and managing digital transformation to support firm performance in Vietnam.</p>\",\"PeriodicalId\":47435,\"journal\":{\"name\":\"Journal of the Knowledge Economy\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":4.0000,\"publicationDate\":\"2024-08-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of the Knowledge Economy\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1007/s13132-024-02270-8\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Knowledge Economy","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s13132-024-02270-8","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
Does Digital Transformation Moderate the Effect of Intellectual Capital on Firm Performance?
This study examines the independent and joint effects of digital transformation and intellectual capital on firm performance in the Vietnamese context. We utilize data from the annual reports of 118 publicly listed Vietnamese firms from 2011 to 2021. Intellectual capital is measured using the modified value-added intellectual coefficient (MVAIC) model, and the generalized method of moments is employed. In addition, we use the threshold regression estimator to examine these effects at varying levels of intellectual capital. Our results indicate that intellectual capital enhances firm performance, whereas digital transformation negatively affects firm performance in Vietnam. However, when digital transformation is implemented together with investing in intellectual capital, their joint effect positively contributes to firm performance. We also find that the positive impact of digital transformation on firm performance is more pronounced when intellectual capital is high. These findings offer valuable insights for executives and policymakers on effectively leveraging intellectual capital and managing digital transformation to support firm performance in Vietnam.
期刊介绍：
In the context of rapid globalization and technological capacity, the world’s economies today are driven increasingly by knowledge—the expertise, skills, experience, education, understanding, awareness, perception, and other qualities required to communicate, interpret, and analyze information. New wealth is created by the application of knowledge to improve productivity—and to create new products, services, systems, and process (i.e., to innovate). The Journal of the Knowledge Economy focuses on the dynamics of the knowledge-based economy, with an emphasis on the role of knowledge creation, diffusion, and application across three economic levels: (1) the systemic ''meta'' or ''macro''-level, (2) the organizational ''meso''-level, and (3) the individual ''micro''-level. The journal incorporates insights from the fields of economics, management, law, sociology, anthropology, psychology, and political science to shed new light on the evolving role of knowledge, with a particular emphasis on how innovation can be leveraged to provide solutions to complex problems and issues, including global crises in environmental sustainability, education, and economic development. Articles emphasize empirical studies, underscoring a comparative approach, and, to a lesser extent, case studies and theoretical articles. The journal balances practice/application and theory/concepts.
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