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Censoring model for evaluating intellectual capital value drivers

Meng‐Yuh Cheng (Graduate School of Business, Feng Chia University, Taichung, Taiwan)
Jer‐Yan Lin (Department of Statistics, Feng Chia University, Taichung, Taiwan)
Tzy‐Yih Hsiao (Department of Accounting, Feng Chia University, Taichung, Taiwan)
Thomas W. Lin (Marshall School of Business, University of Southern California, Los Angeles, California, USA)

Journal of Intellectual Capital

ISSN: 1469-1930

Article publication date: 17 October 2008

1861

Abstract

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.

Keywords

Citation

Cheng, M., Lin, J., Hsiao, T. and Lin, T.W. (2008), "Censoring model for evaluating intellectual capital value drivers", Journal of Intellectual Capital, Vol. 9 No. 4, pp. 639-654. https://doi.org/10.1108/14691930810913195

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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