The cubic S-curve relationship between board independence and intellectual capital efficiency: does firm size matter?

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dc.contributor.authorKweh, Qian Long
dc.contributor.authorLu, Wen-Min
dc.contributor.authorTing, Irene Wei Kiong
dc.contributor.authorLe, Hanh Thi My
dc.date.accessioned2021-06-15T13:32:36Z
dc.date.available2021-06-15T13:32:36Z
dc.date.copyright2021
dc.date.issued2022-09-05
dc.description.abstractPurpose: First, this study assesses firms’ efficiency of transforming intellectual capital (IC) components into firm performance. Second, this study examines (1) cubic S-curve relationship between board independence and IC efficiency and (2) how firm size moderates the cubic S-curve relationship. Design/methodology/approach: This study employs a stochastic nonparametric envelopment of data (StoNED) framework to estimate IC efficiency, which is derived from the estimation process of transforming structural, relational and human capitals into accounting- and market-based performance indicators. This study conducts regression analyses on 1,104 firm-year observations of Taiwanese semiconductor firms over the period of 2011–2018. Findings: StoNED results suggest that sample firms' IC efficiency can be relatively improved by approximately 80%. Regression results indicate that a cubic S-curve relationship between board independence and IC efficiency exists, and firm size moderates the nonlinear effects. Practical implications: Overall, this study highlights the importance of examining the nonlinear effect of board independence on IC efficiency from the perspective of agency theory, and the moderating effect from firm size, which may suggest availability of resources from the resource-based view of the firm. Originality/value: This study contributes to the literature through the innovative application of an efficiency-based tool for evaluating IC efficiency. The cubic S-curve relationship between board independence and IC efficiency also points to the policy concerning the appropriate number of independent directors on board. © 2021, Emerald Publishing Limited.en_US
dc.description.sponsorshipFoundation of Science and Technology Development of Ton Duc Thang Universityen_US
dc.identifier.citationKweh, Q. L., Lu, W. -., Ting, I. W. K., & Thi My Le, H. (2022). The cubic S-curve relationship between board independence and intellectual capital efficiency: Does firm size matter? Journal of Intellectual Capital, 23(5), 1025-1051. doi:10.1108/JIC-08-2020-0276 en_US
dc.identifier.issn14691930
dc.identifier.urihttps://doi.org/10.1108/JIC-08-2020-0276
dc.identifier.urihttp://hdl.handle.net/20.500.12519/386
dc.language.isoenen_US
dc.publisherEmerald Group Holdings Ltd.en_US
dc.relationAuthors Affiliations : Kweh, Q.L., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates; Lu, W.-M., International Business Administration, Chinese Culture University, Taipei, Taiwan; Ting, I.W.K., Faculty of Industrial Management, Universiti Malaysia Pahang, Gambang, Malaysia; Thi My Le, H., Benchmarking Research Group, Faculty of Accounting, Ton Duc Thang University, Ho Chi Minh City, Viet Nam
dc.relation.ispartofseriesJournal of Intellectual Capital; Volume 23, Issue 5
dc.rightsThis article is © Emerald Publishing Limited and permission has been granted for this version to appear here (https://repository.cud.ac.ae/). Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Publishing Limited.
dc.rights.holderCopyright : © 2021, Emerald Publishing Limited.
dc.subjectBoard independenceen_US
dc.subjectCubic S-Curveen_US
dc.subjectFirm sizeen_US
dc.subjectIntellectual capital efficiencyen_US
dc.subjectStoNEDen_US
dc.titleThe cubic S-curve relationship between board independence and intellectual capital efficiency: does firm size matter?en_US
dc.typeArticleen_US

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