The Relationship between Intellectual Capital and Corporate Performance in Chinese Bio-pharmaceutical Industry

Biyun Lv, Dongping Han, Y.Q. Liu, H.J. Li, R.Z. Chen, M. Tian
2015 SHS Web of Conferences  
With the advent of the knowledge economy, intellectual capital is playing an increasingly important role in the enterprise. Research on the relationship between intellectual capital and corporate performance has important theoretical and practical significance for enterprise to manage and use intellectual capital. Paper selected biopharmaceutical A-share listed companies' data from 2008~2012, and used the method of factor analysis and correlation analysis to verify the relationship between
more » ... onship between intellectual capital and corporate performance. According to the results, the following conclusion can be made. In bio-pharmaceutical industry, intellectual capital and corporate performance have significant positive correlation, but the degree of correlation is weaker than physical capital. Human capital and structural capital have significant positive correlation with corporate performance. Customer capital and corporate performance are positive related, but not significant. The various components of intellectual capital impact each other, and produce an effect on corporate performance together. Keywords . intellectual capital; corporate performance; factor analysis 2 Literature review 2.1 Relationship between intellectual capital and corporate performance Belkaoui (2003) used the least squares method and selected 81 multinational manufacturing and service companies in United States as sample. He chose corporate trademark holdings on behalf of / 201 shsconf , 010 2 (201 ) SHS Web of Conferences 5 51 0102 7 17 7KLV LV DQ 2SHQ $FFHVV DUWLFOH GLVWULEXWHG XQGHU WKH WHUPV RI WKH &UHDWLYH &RPPRQV $WWULEXWLRQ /LFHQVH ZKLFK SHUPLWV XQUHVWULFWHG XVH GLVWULEXWLRQ DQG UHSURGXFWLRQ LQ DQ\ PHGLXP SURYLGHG WKH RULJLQDO ZRUN LV SURSHUO\ FLWHG 4 Article available at
doi:10.1051/shsconf/20151701024 fatcat:afzje3lp4bgwjfjgryulfoipde