智慧資本揭露程度與智慧資本績效的關聯性研究

Abstract

本文主要在探討台灣企業智慧資本揭露現況,企業智慧資本績效對於智慧資本揭露的影響,及智慧資本績效對企業績效之影響程度。以民國88年至90年間,從台灣證交所之「台灣50指數」的成分股樣本中,排除不符合樣本後得31家公司為樣本。實證結果:(1) 前後期之智慧資本揭露有差異,特別是在人力、顧客及結構等資本揭露皆有差異;(2) 前後期之智慧資本績效值有差異;(3) 智慧資本績效值對智慧資本揭露未達顯著性的影響;(4) 其他組織因素對智慧資本揭露的影響,惟有在研發強度及財務槓桿的部分對智慧資本揭露有顯著性的影響;(5)智慧資本績效對企業績效有正面影響。

This study attempted to investigate the level of intellectual capital disclosure, and the effect of the performance of intellectual capital on the attitudes towards intellectual capital disclosure and corporate performance. Research results indicated that a comparison of intellectual capital disclosure between the two consecutive years shown significantly different between these two periods, especially in the scopes of human resources and customers, as well as structure capital part. Besides, a comparison of intellectual capital performances between the two consecutive years also indicated significantly different between these two periods. Nevertheless, this factor had no impact on intellectual capital disclosure. Other organizational factors that affected the degree of intellectual capital disclosure included the degree of R&D investment and financial leverage. In addition to the above, the performance of intellectual capital had a positive impact on corporate performance.