INNOVATION AND FIRM PERFORMANCE: THE MODERATING ROLE OF INTELLECTUAL CAPITAL AMONG CHINESE COMPANIES

被引：0

作者：

Ren, Chunya ^{[1
]}

Ting, Irene Wei Kiong ^{[1
]}

Kweh, Qian Long ^{[2
]}

Zhang, Cheng ^{[3
]}

机构：

[1] Univ Malaysia Pahang, Fac Ind Management, Kuantan 26300, Pahang, Malaysia

[2] Canadian Univ Dubai, Sch Management, POB 415053, Dubai, U Arab Emirates

[3] Nanjing Univ Finance & Econ, Sch Accounting, 128 Tielu N St, Nanjing 210003, Jiangsu, Peoples R China

来源：

ASIAN ACADEMY OF MANAGEMENT JOURNAL OF ACCOUNTING AND FINANCE | 2023年 / 19卷 / 02期

关键词：

Innovation index; Intellectual capital; Financial profitability; Firm value; Moderating effect; RESEARCH-AND-DEVELOPMENT; RESOURCE-BASED VIEW; PRODUCT INNOVATION; IMPACT; CAPABILITY; KNOWLEDGE; TECHNOLOGY; OWNERSHIP; FOCUS;

D O I：

10.21315/aamjaf2023.19.1.6

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the impact of innovation on firm performance and how intellectual capital (IC) moderates the association between innovation and firm performance. We apply an innovation index that measures the frequency of innovative related words, which appear in firm financial reports to proxy for innovation. IC is estimated through the valueadded IC (VAICTM) model. This study analyses Chinese firm-year observations of financial profitability (firm value) datasets, which total 19,152 (18,276) over the years from 2007 to 2019. Results indicate that the innovation index is positively related to financial profitability and firm market value. Moreover, the moderating outcomes suggest that IC boosts the positive relationship between innovation index and firm performance. Overall, this study highlights the importance of having innovation and IC together for gaining firm competitive advantages and progressing profitably. That is, firms should be innovative and must manage their IC well.

引用

页码：155 / 180

页数：26

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