Browsing by Author "Zhang, Cheng"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
Item Innovation and Firm Performance: The Moderating Role of Intellectual Capital among Chinese Companies(Penerbit Universiti Sains Malaysia, 2023-06-22) Ren, Chunya; Ting, Irene Wei Kiong; Kweh, Qian Long; Zhang, ChengThis study examines the impact of innovation on firm performance and how intellectual capital (IC) moderates the association between innovation and firm performance. We apply an innovation index that measures the frequency of innovative related words, which appear in firm financial reports to proxy for innovation. IC is estimated through the value-added IC (VAIC™) model. This study analyses Chinese firm-year observations of financial profitability (firm value) datasets, which total 19,152 (18,276) over the years from 2007 to 2019. Results indicate that the innovation index is positively related to financial profitability and firm market value. Moreover, the moderating outcomes suggest that IC boosts the positive relationship between innovation index and firm performance. Overall, this study highlights the importance of having innovation and IC together for gaining firm competitive advantages and progressing profitably. That is, firms should be innovative and must manage their IC well. © Asian Academy of Management and Penerbit Universiti Sains Malaysia, 2023.Item Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia(Inderscience Enterprises Ltd., 2019) Kweh, Qian Long; Ting, Irene Wei Kiong; Hanh, Le Thi My; Zhang, ChengThis study analyses the association between intellectual capital (IC) and firm performance and the differential impact of IC on firm performance between firms with and without government ownership. Data on the top 200 companies listed on the Malaysian Stock Exchange from 2010 to 2015 are used to estimate the value added intellectual coefficient (VAIC™) model. The ordinary least squares results indicate that firms with and without government ownership differ in firm performance and IC. Capital employed efficiency (CEE), human capital efficiency (HCE), and total IC have significantly positive impacts on firm performance. However, the significantly positive impacts of CEE and HCE on firm performance are only found in firms without government ownership. The significantly negative effect of government presence is confirmed in the pooled data analysis, whereby only CEE is significantly related to firm performance for firms with government ownership. © 2019 Inderscience Enterprises Ltd.