Determinants of market to book value and financial performance of Chinese listed firms: implication of MVAIC model

Shapan Chandra Majumder; Bismark Kusi Appiah; Obambi Chardel Cardorel

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Determinants of market to book value and financial performance of Chinese listed firms: implication of MVAIC model

机译：中国上市公司账面价值和财务表现的市场决定因素：MVAIC模型的含义

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摘要

The main motive of this current study is to measure the efficiency of intellectual capital along with its components by using modified value-added intellectual coefficient (MVAIC) and to find its impact on the market as well as financial performance of firms in China. This tool is the modified form of Pulics' VAIC tool which is widely used in numerous studies worldwide in order to find empirical evidence between the relations among intellectual capital with firms' market value. MVAIC is adopted in this study for the very first time in China which is the unique point of this study. The results show the cement industry has a different relationship between intellectual capital and market value and financial performance as compared to other sectors of the economy. This research is of enormous importance that can help CEOs, managers, shareholders as well as investors to analyse firms' performance and to obtain information that is explicitly missing in the financial reports of the firms.

机译：本前研究的主要动力是通过使用改进的增值智力系数（MVAIC）来衡量知识产权的效率以及其组件，并找到其对市场的影响以及中国公司的财务表现。该工具是修改的脉动VAIC工具形式，广泛应用于全球众多研究，以便在智力资本与公司市场价值之间的关系之间找到经验证据。本研究中首次采用MVAIC，这是本研究的独特点。结果表明，与其他经济部门相比，水泥业在智力资本和市场价值和财务业绩之间存在不同的关系。本研究具有巨大的重要性，可以帮助CEO，管理人员，股东以及投资者分析公司的履行，并获取公司财务报告中明确缺少的信息。

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来源
《International journal of learning and intellectual capital》 |2021年第2期|131-153|共23页
作者
Shapan Chandra Majumder; Bismark Kusi Appiah; Obambi Chardel Cardorel;
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作者单位

Department of Economics Comilla University;

School of Economics Shandong University;

School of Economics Shandong University;

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原文格式 PDF
正文语种 eng
中图分类
关键词
China; modified value-added intellectual coefficient; MVAIC; intellectual capital; financial performance;

机译：中国;修改增值智力系数;MVAIC;智力资本;财务表现;

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Determinants of market to book value and financial performance of Chinese listed firms: implication of MVAIC model

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