Censoring model for evaluating intellectual capital value drivers

Purpose - The purpose of this paper is to examine the relationship between firms' value drivers and their intellectual capital (IC).Design methodology approach - The health care sector (GICS 35) firms listed in the S&P500 were used to build a research censoring Tobit model by adopting finan...

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Bibliographic Details
Published in:Journal of intellectual capital 2008-01, Vol.9 (4), p.639-654
Main Authors: Cheng, Meng-Yuh, Lin, Jer-Yan, Hsiao, Tzy-Yih, Lin, Thomas W.
Format: Article
Language:English
Subjects:
Book value
Competition
Competitive advantage
Competitive intelligence
Corporate culture
Data processing
Design
Employees
Equity
Finance
Financial data processing
Financial statements
Health care
Human capital
Industrialized nations
Intangible assets
Intellectual capital
Knowledge
R&D
Research & development
Staff
Studies
Value creation
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Summary:Purpose - The purpose of this paper is to examine the relationship between firms' value drivers and their intellectual capital (IC).Design methodology approach - The health care sector (GICS 35) firms listed in the S&P500 were used to build a research censoring Tobit model by adopting financial data to determine value drivers.Findings - The results of the study show that innovation capital, customer capital and human capital are significant positive drive factors for firms to create more IC and hence more intangible value. Process capital exerts moderating effects on IC; organizations with greater process capital must raise customer capital to enhance intellectual value.Originality value - This is the first empirical study that uses a censoring Tobit model and tests of the association between competitive advantage and the value drivers of firms. This research successfully combines management perspectives with financial data to describe the value drivers of firms.
ISSN:1469-1930
1758-7468
DOI:10.1108/14691930810913195