Intellectual Capital Efficiency of Malaysian Software Public-Listed Companies

This study aims to investigate the efficiency of Malaysian public-listed software companies in transforming intellectual capital into corporate values by using the data envelopment analysis (DEA) methodology. Value Added Intellectual Coefficient (VAIC (TM)) is utilized as the input variable, whereas the output variables consist of Tobin 's Q and return on equity. Examining a sample of 25 companies, our findings illustrate that companies listed on the Main market of Bursa Malaysia are less efficient than those listed on the ACE market. Of all the sample companies, Eduspec Holdings Berhad is the most efficient company with the highest frequency of reference. The sample companies have been ranked. The benchmarking analysis of this study may shed light for the managers in software companies to benchmark and improve their efficiency in intellectual capital management.