The Empirical Study Of Intellectual Capital And Corporate Performance Relationship

With the development of society and economy, the competition between the enterprises becomes more and more fierce, no matter it is active or passive to cope with or negative to cater to, if it wants to survive in the fierce competition, it must constantly increase the company’s strategic resource advantage. Precisely, in the 21 st century, human society steps into the era of knowledge economy, knowledge industry gets more and more attention, the role of knowledge capital shows increasingly prominent, becoming one of key factors to obtain sustainable competitive advantage. Therefore, our country enterprise must comply to, accelerating the pace of the updated technology and pay attention to the role of knowledge capital.The study topic of this article is based on the relationship between intellectual capital and corporate performance. Firstly, the paper studies the theoretical basis, classifies and reviews the current research situation at home and abroad; Secondly, In terms of the theoretical analysis, the article puts forward the research hypothesis and according to the selection of variables to construct multivariate regression model of the correlation between intellectual capital and corporate performance. In order to verify the proposed hypotheses and models, this article selects A-share various professions companies listed in Shanghai and Shenzhen exchanges as research samples, uses economic value added(EVA) method to evaluate corporate performance and Scandia navigator model as well as alternative indicators to measure intellectual capital. because the company scale and asset-liability ratio will affect the economic value added, so we set up the company scale and the asset-liability ratio as two control variables. Based on the selection of variables, the paper builds a multiple regression model and studies the impact of the intellectual capital elements on corporate performance.By adopting SPSS19.0 and Eviews7.0 statistics software to carry on the analysis, this paper’s research conclusion is that the components of intellectual capital, human capital, structural capital and customer capital have significant positive influence on corporate performance of A-share various professions companies listed in Shanghai and Shenzhen exchanges, in other words, companies invest the more human capital 、structural capital and customer capital, corporate performance is better. On the research results, this paper finally puts forward the corresponding policy recommendations and prospect.