Relationship between Intellectual Capital and Corporate Valu
本文关键词：中小企业智力资本要素对企业价值的影响——基于不同规模价值创造差异视角，，由笔耕文化传播整理发布。
《Chinese Journal of Management》 2012-05
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Relationship between Intellectual Capital and Corporate Value Based on Life Cycle Theory
LI Dongwei LI Jianliang(East China Jiaotong University,Nanchang,China)
The results from subgroup regression analysis of the high-tech listed companies show that intellectual capital not only has a significant influence on corporate value creation,but also on the perception and evaluation to companies' market value by capital market.Enterprise life cycle indeed has significant effects between intellectual capital and corporate value.In different stage of life cycle,intellectual capital plays different roles in value creation and realization.The overall IC plays the most important role in the maturing stage of companies.While in the growth stage,human capital and innovation capital are the main elements of value creation and they both significantly enhance corporate value.In the stagnant stage,human capital becomes the main factor to enhance corporate value.Therefore,basing on specific stage of business life cycle managers should make appropriate strategies to invest and manage Intellectual capital to maintain competitive advantage in the complex and competitive environment.
【Key Words】：
【Fund】：
教育部人文社会科学研究青年基金资助项目(10YJC630111 11YJC630097);;
江西省社会科学“十二五”规划资助项目(11YJ25)
【CateGory Index】：
F275;F224
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本文关键词：中小企业智力资本要素对企业价值的影响——基于不同规模价值创造差异视角，由笔耕文化传播整理发布。
本文编号：178856
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