Synergy Effects of Innovation Capital and Human Capital in Taiwan’s Semiconductor Industry

30 Pages Posted: 11 Jul 2010

See all articles by Cheng-Jen Huang

Cheng-Jen Huang

Tunghai University - Department of Accounting

Date Written: July 11, 2010

Abstract

Successful innovation requires not only creativity (innovation capital), but also the ability to do research and development (human capital). This study uses Taiwan's semiconductor industry as the research object to explore the synergy effects of innovation capital and human capital on financial performance and firm value. The results show that high-quality labor plays an important role in upgrading financial performance and creating firm value. In addition, the interaction of innovation output and human capital has a deferred and significant positive effect on both. Finally, the influence of innovation output quality is greater than that of innovation output quantity, which means that companies should endeavor to improve the quality of innovation output to sustain their competitive advantages.

Keywords: Innovation Capital, Human Capital, Intellectual Capital, Financial Performance, Firm Value

JEL Classification: M41

Suggested Citation

Huang, Cheng-Jen, Synergy Effects of Innovation Capital and Human Capital in Taiwan’s Semiconductor Industry (July 11, 2010). AAA 2011 Management Accounting Section (MAS) Meeting Paper, Available at SSRN: https://ssrn.com/abstract=1638518 or http://dx.doi.org/10.2139/ssrn.1638518

Cheng-Jen Huang (Contact Author)

Tunghai University - Department of Accounting ( email )

181, Sec. 3, Taichungkan Rd.
Taichung, Taiwan 40704
Taiwan

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