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Interacting Effects of Training Activities, Capital Intensity and Organization Performance: Evidence from Information and Electronics Industries
Intellectual capital;Training activities;Capital intensity;Organization performance
|Issue Date:||2017-11-15 16:00:28 (UTC+8)|
The aim of this paper is to explore the differential effects of training activities on organization performance. We conduct empirical tests based on training data disclosed by Taiwan listed firms in information and electronics industries and use the two variables to proxy for organization performance: employee productivity (sales per employee) and employee profitability (operating income per employee). We find that the positive impact of training activities on employee profitability is observed for firms with high capital intensity. However, there is no statistically significant relationship between training activities and employee productivity. The empirical results suggest that the enhancing effects of training activities come mainly from the cost side, rather than the revenue side. Further analysis shows that such a positive association only exists for firms with higher capital intensity or in the high capital-intensive industry (i.e. semiconductor industry), suggesting that firms with a high level of fixed capital should pay more attention to their training activities, because when a firm's training activity matches its capital intensity, the training activity can help the firm fully realize the potential of its fixed capital resources.
|Relation:||會計評論, 62, 111-142|
|Appears in Collections:||[會計評論] 期刊論文|
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