臺灣博碩士論文加值系統

本文考察了1983年迄2015年間，由傑出的高階管理者所帶領的公司，能否提升企業的智慧資本價值。迴歸結果顯示經理人的管理能力與企業的智慧資本價值呈顯著效應，此正向效應在一些行業中更為顯著，包括製造業，公用事業，及批發貿易業。總而言之，實證表明經理人管理能力在增加智慧資本價值方面發揮著重要作用，優秀的經理人會掌握市場動向，並透過持續的創新去累積企業的技術能量，優化企業的核心競爭力，成為擁有市場話語權的領導者，而市場上的投資者於決定投資標的時，可以多關注經理人的管理能力。

This paper examines the relationship between managerial ability and intellectual capital between 1983 and 2015. I predict a positive relationship because firms operated by more-able managers can increase the value of intellectual capital. Regression analysis reveals a significant and positive relationship between managerial ability and the value of intellectual capital. As a result, the relationship is significant in some industries, including manufacturing, the utility sector, wholesale trade. In sum, evidence suggests that managers with greater ability play an important role in increasing the value of intellectual capital.

論文審定書 i
摘要 ii
Abstract iii
I. Introduction 1
II. Literature Review and Hypotheses’ Development 6
III. Research Design 10
A. Data and sample construction 10
B. Measurement 11
C. Methodology 14
IV. Empirical Results 16
A. Descriptive statistics and correlation analysis 16
B. Relationship between managerial ability and intellectual capital 17
C. Relationship between intellectual capital and investment during the crisis from 2007- 2009 20
D. Relationship between intellectual capital and cash holdings investments 21
E. Relationship between managerial ability and intellectual capital in different industries 22
F. Relationship between managerial ability and intellectual capital in manufacturing industry 23
V. Conclusion 30
Reference 42
Appendix A 45
Appendix B 46

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