Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia
This study analyses the association between intellectual capital (IC) and firm performance and the differential impact of IC on firm performance between firms with and without government ownership. Data on the top 200 companies listed on the Malaysian Stock Exchange from 2010 to 2015 are used to est...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Inderscience Enterprises Ltd.
2019
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/25522/1/Intellectual%20capital%2C%20governmental%20presence%2C%20and%20firm%20performance.pdf |
| _version_ | 1825812809286418432 |
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| author | Qian, Long Kweh Irene, Wei Kiong Ting Hanh, Le Thi My Zhang, Cheng |
| author_facet | Qian, Long Kweh Irene, Wei Kiong Ting Hanh, Le Thi My Zhang, Cheng |
| author_sort | Qian, Long Kweh |
| collection | UMP |
| description | This study analyses the association between intellectual capital (IC) and firm performance and the differential impact of IC on firm performance between firms with and without government ownership. Data on the top 200 companies listed on the Malaysian Stock Exchange from 2010 to 2015 are used to estimate the value added intellectual coefficient (VAIC™) model. The ordinary least squares results indicate that firms with and without government ownership differ in firm performance and IC. Capital employed efficiency (CEE), human capital efficiency (HCE), and total IC have significantly positive impacts on firm performance. However, the significantly positive impacts of CEE and HCE on firm performance are only found in firms without government ownership. The significantly negative effect of government presence is confirmed in the pooled data analysis, whereby only CEE is significantly related to firm performance for firms with government ownership. |
| first_indexed | 2024-03-06T12:34:38Z |
| format | Article |
| id | UMPir25522 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:34:38Z |
| publishDate | 2019 |
| publisher | Inderscience Enterprises Ltd. |
| record_format | dspace |
| spelling | UMPir255222022-05-25T02:41:39Z http://umpir.ump.edu.my/id/eprint/25522/ Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia Qian, Long Kweh Irene, Wei Kiong Ting Hanh, Le Thi My Zhang, Cheng HD Industries. Land use. Labor This study analyses the association between intellectual capital (IC) and firm performance and the differential impact of IC on firm performance between firms with and without government ownership. Data on the top 200 companies listed on the Malaysian Stock Exchange from 2010 to 2015 are used to estimate the value added intellectual coefficient (VAIC™) model. The ordinary least squares results indicate that firms with and without government ownership differ in firm performance and IC. Capital employed efficiency (CEE), human capital efficiency (HCE), and total IC have significantly positive impacts on firm performance. However, the significantly positive impacts of CEE and HCE on firm performance are only found in firms without government ownership. The significantly negative effect of government presence is confirmed in the pooled data analysis, whereby only CEE is significantly related to firm performance for firms with government ownership. Inderscience Enterprises Ltd. 2019 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/25522/1/Intellectual%20capital%2C%20governmental%20presence%2C%20and%20firm%20performance.pdf Qian, Long Kweh and Irene, Wei Kiong Ting and Hanh, Le Thi My and Zhang, Cheng (2019) Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia. International Journal of Learning and Intellectual Capital (IJLIC), 16 (2). pp. 193-211. ISSN 1479-4861. (Published) https://doi.org/10.1504/IJLIC.2019.098932 https://doi.org/10.1504/IJLIC.2019.098932 |
| spellingShingle | HD Industries. Land use. Labor Qian, Long Kweh Irene, Wei Kiong Ting Hanh, Le Thi My Zhang, Cheng Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title | Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title_full | Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title_fullStr | Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title_full_unstemmed | Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title_short | Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia |
| title_sort | intellectual capital governmental presence and firm performance of publicly listed companies in malaysia |
| topic | HD Industries. Land use. Labor |
| url | http://umpir.ump.edu.my/id/eprint/25522/1/Intellectual%20capital%2C%20governmental%20presence%2C%20and%20firm%20performance.pdf |
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