Do Intellectual Capital Elements Spur Firm Performance? Evidence from the Textile and Apparel Industry in China

被引：16

作者：

Zhang, Liang ^{[1
]}

Yu, Qi ^{[1
]}

Jin, Zhenji ^{[1
]}

Xu, Jian ^{[1
]}

机构：

[1] Qingdao Agr Univ, Sch Management, Qingdao 266109, Peoples R China

来源：

MATHEMATICAL PROBLEMS IN ENGINEERING | 2021年 / 2021卷

关键词：

PANEL-DATA ANALYSIS; FINANCIAL PERFORMANCE; EMPIRICAL-EVIDENCE; ORGANIZATIONAL PERFORMANCE; CORPORATE PERFORMANCE; BUSINESS PERFORMANCE; INSURANCE COMPANIES; SUPPLIER SELECTION; CLOTHING INDUSTRY; MARKET VALUE;

D O I：

10.1155/2021/7332885

中图分类号：

T [工业技术];

学科分类号：

08 ;

摘要：

This paper examines how investment in intellectual capital (IC) elements by textile and apparel companies improves firm performance measured in terms of profitability, market value, and productivity. The modified value-added intellectual coefficient (MVAIC) model is applied to measure IC. Using a panel of 35 Chinese textile and apparel companies for a six-year period (2013-2018), the results show that physical and human capitals are the strong factors that contribute to firm performance. In addition, relational capital negatively influences profitability and market value, and structural capital and innovation capital have a negative impact on employee productivity. We also find that the MVAIC model performs better in measuring IC than the original value-added intellectual coefficient (VAIC) model. This paper can provide some insights for corporate managers to enhance firm performance and gain competitive advantage by proper utilization of IC in traditional industries.

引用

页数：12

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