智力资本、财务绩效和市场价值之间的关系——以印度尼西亚为例

Q3 Business, Management and Accounting

International Journal of Globalisation and Small Business Pub Date : 2017-06-26 DOI:10.1504/IJGSB.2017.10005775

Noorina Hartati, Rini Dwiyani Hadiwidjaja

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引用次数: 1

摘要

本文重新考察了智力资本、财务绩效和市场价值之间的关系。考察的外生变量包括人力资本效率、结构资本效率(SCE)和资本使用效率——所有这些都被用作智力资本(IC)的代理。资产收益率(ROA)和市场价值(MV)是内生变量。以下是主要发现。首先，以人力资本和资本效率为代表的智力资本(IC)在长期内显著影响以ROA为代表的财务绩效，而以结构资本为代表的IC不能适应商业环境的变化。其次，SCE未能调节IC与ROA之间的关系。第三，以人力资本、结构资本和资本效率为代表的集成度显著影响MV。最后，SCE能够调节IC和MV之间的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Relationships among intellectual capital, financial performance and market value: a case study from Indonesia

This paper re-examines the relationships between intellectual capital, financial performance and market value. The exogenous variables examined include human capital efficiency, structural capital efficiency (SCE) and capital employment efficiency - all used as proxies for intellectual capital (IC). Return on assets (ROA) and market value (MV) are the endogenous variables. The following are the main findings. First, intellectual capital (IC) as represented by human capital and capital efficiency significantly affects financial performance that represented by ROA over the long term, whereas IC as represented by structural capital cannot adapt to changes in the business environments. Second, SCE has failed to moderate the relationship between IC with ROA. Third, IC as represented by human capital, structural capital and capital efficiency significantly affects MV. Finally, SCE is being able to moderate the relationships between IC and MV.

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来源期刊

International Journal of Globalisation and Small Business Decision Sciences-Information Systems and Management

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The goal of the IJGSB is to explore the opportunities and threats of globalisation for small businesses as well as small businesses" strategic options in an increasingly global world. Dramatic changes in contemporary society and the economy have impacts on small businesses. The changing environment negatively influences the development and survival of smaller organisations in some areas and creates new opportunities for small businesses in others. Small firms" managers increasingly have to cope with global as well as local competitive dimensions. Research in this broad field thus is highly relevant.