A Human Capital-Driven Framework and the Role of Technological Capital in Measuring Intellectual Capital
13 Pages Posted: 28 Jul 2008 Last revised: 4 Mar 2015
Date Written: July 28, 2008
Abstract
This research applies a modified framework for measuring the value creation efficiency of business organization. Adapting the Value Added Intellectual Coefficient (VAICTM) Method, a model that emphasizes Human Capital as a primary driver for value creation is proposed and empirically tested. The role of Technological Capital, consists of R&D and intellectual property, is also examined. The study is conducted within the Information Technology Industry in Taiwan and data is generated from the annual reports of public listed firms covering a period from 2001 to 2007. The result finds Human Capital significant in arbitrating the relationship between market performance and various IC components. The paper adds a different perspective to research in Intellectual.
Keywords: intellectual capital, human capital, structural capital, social capital, technological capital
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