Sensitive Analysis of Intellectual Capital on Corporate Performance in Selected Industry Sectors in China

  • Xuerong WangEmail author
  • Li Liu
  • Cuihu Meng
Conference paper
Part of the Computational Risk Management book series (Comp. Risk Mgmt)


Intellectual capital is increasingly being recognized as a driving force for the prosperity of economy and corporations. This paper applies the value-added intellectual coefficient (VAIC) model to investigate the link between components of intellectual capital and corporate performance in three industry sectors in China. We find that (1) the material capital employed efficiency has a positive effect on performance in both manufacturing and real estate sectors; (2) the human capital efficiency has a positive effect on performance in the manufacturing sector but not in the real estate or the IT sectors; (3) the structure capital efficiency has non-significant effect on performance in any of the three industry sectors.


Capital employed efficiency Human capital Intellectual capital Sensitive analysis Structural capital Value-added intellectual coefficient (VAIC) 



This paper is supported by the National Nature Science Foundation of China (No.71071072)


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Copyright information

© Springer-Verlag Berlin Heidelberg 2011

Authors and Affiliations

  1. 1.School of AccountingNanjing University of Finance and EconomicsNanjingPeople’s Republic of China
  2. 2.School of Civil EngineeringThe University of SydneySydneyAustralia

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