Studies On The Influence Of Intellectual Capital Investment To Companies’ Performance

The object of this paper is exploring the relationship between intellectual capital investment and enterprise performance of listed companies. After clarifying the theoretical basis of the intellectual capital and business performance, this paper discusses how the investment in intellectual capital affects the corporate financial performance and market performance.First chapter questions the research background, explains methodology, and finds the direction and innovation of this paper. Furthermore, this chapter reviews the relevant theoretical research, and the flaws have been found in the past research. The second chapter are systematically reviewed the development of intellectual capital theory, including the concept, characteristics, and composition and measurement methods. It also reviewed research on the relationship between intellectual capital and business performance and Knowledge-intensive firms. Chapter Three summarizes the key factor deciding the performance, analyses the theoretical relationship between intellectual capital and enterprise resource from the enterprise resource theory. Summing up the intellectual capital and strategic resources commonality, it analysis intellectual capital and its elements influence on firm performance. Chapter Four proposes the assumptions of this study based on theoretical synthesis and theoretical analysis. Learning from the results of previous studies, this paper chooses the selected value-added intellectual coefficient method (VAIC model) as a measure of intellectual capital, and return on total assets and book value is selected on behalf of the enterprise performance to build the corresponding mathematical model. The fifth chapter does descriptive statistical analysis, correlation analysis and regression analysis by using E-views statistical software and explains the result briefly. Sample data support the assumptions of the model results, and it compares the result of differences between the high-tech industries and traditional industries at the end of this chapter. The last chapter compares the assumption and the test result, and derives the conclusion and the flaws of this research paper. What’s more, it draws practical significance of this study, and pointed out the direction for further research.