ASIA unversity:Item 310904400/2293
English  |  正體中文  |  简体中文  |  Items with full text/Total items : 94286/110023 (86%)
Visitors : 21693144      Online Users : 873
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: http://asiair.asia.edu.tw/ir/handle/310904400/2293


    Title: How does Intellectual Capital Affect Market Value: A Value Chain Perspective
    Authors: Pei-Ying Ho
    Contributors: Department of Finance
    Keywords: Intellectual Capital;Market Value
    Date: 2009
    Issue Date: 2009-11-04 13:42:14 (UTC+0)
    Publisher: Asia University
    Abstract: The purpose of this research is to identify the influence of intellectual capital on corporate value, and if its cantain the value-relevant information of intellectual capital on the difference between market price and book value, aiming to clarify if intellectual capital can be used to precisely measure the value of a company. Focuse on information and electronic companies listed in Taiwan during the period 1998 to 2007, which are classified in accordance with the upstream, midstream and downstream companies for the study. The analysis was made based on Ohlson’s (1995) residual income evaluation model.
    1. Tthere is a significant positive influence for innovation capital, irrespective of upstream, midstream or downstream companies. For human capital, however, a significant negative influence was found. The findings suggest that, apart from improving internal procedures and corporate value, the industries need to make further efforts to enhance their human resources management.
    2. There is no value-relevance exists within each intellectual capital elements, regardless of whether upstream, midstream or downstream companies. Suggested that enterprisese should to exposure these factors of the difference between the market value and book value strengthently, and lists these factors by the supplementary statement of intangible assets.
    Appears in Collections:[Department of Finance] Theses & dissertations

    Files in This Item:

    File SizeFormat
    0KbUnknown782View/Open


    All items in ASIAIR are protected by copyright, with all rights reserved.

    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback