Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia

Date
2019
Authors
Kweh, Qian Long
Ting, Irene Wei Kiong
Hanh, Le Thi My
Zhang, Cheng
Journal Title
Journal ISSN
Volume Title
Publisher
Inderscience Enterprises Ltd.
Abstract
This 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.
Description
This article is not available at CUD collection. The version of scholarly record of this Article is published in International Journal of Learning and Intellectual Capital (2019), available online at: https://doi.org/10.1504/IJLIC.2019.098944.
Keywords
Firm performance, Governmental presence, Intellectual capital, VAIC
Citation
Kweh, Q. L., Ting, I. W. K., Hanh, L. T. M., & Zhang, C. (2019). Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia. International Journal of Learning and Intellectual Capital, 16(2), 193–211. https://doi.org/10.1504/IJLIC.2019.098944