簡易檢索 / 詳目顯示

回結果列表
研究生： 丁福美
Dewi Pricilia Sari
論文名稱： The effect of Intellectual Capital on Taiwan Commercial Banks’ Financial Performance
The effect of Intellectual Capital on Taiwan Commercial Banks’ Financial Performance
指導教授： 謝劍平
Joseph C.P. Shieh
口試委員: 劉代洋
Liu Day Yang
陳俊男
Chen Chun Nan
學位類別： 碩士
Master
系所名稱： 管理學院 - 財務金融研究所
Graduate Institute of Finance
論文出版年： 2020
畢業學年度： 108
語文別： 英文
論文頁數： 73
中文關鍵詞： Intellectual Capital 、Value Added Intellectual Capital (VAIC) 、Human Capital Efficiency 、Structural Capital Efficiency 、Capital Employed Efficiency 、Taiwan Commercial Bank
外文關鍵詞： Intellectual Capital, Value Added Intellectual Capital (VAIC), Human Capital Efficiency, Structural Capital Efficiency, Capital Employed Efficiency, Taiwan Commercial Bank
相關次數： 點閱：351  下載：2 
分享至:
查詢本校圖書館目錄 查詢臺灣博碩士論文知識加值系統 勘誤回報
  •  上一筆

    • Knowledge has become the preeminent economic resource and has been actively involved in the global economic development. Commodity-based economy began to be obsolete and shifted towards knowledge-based economy in order to produce higher added value. Thus, companies are now more dependent on knowledge-based assets which also known as intellectual capital. In recent years, companies are focus to utilize their intellectual capital in order to increase their performance. Several studies implied that intellectual capital resources such as human capital, structural capital, and customer relations have become one of the most important key factors in cultivating companies’ competitive advantage and value. This research will distinctively focus on banking industry. As banking industry is considered as one of the most knowledge-intensive, skill-based, and relationship-rich industry. Nevertheless, the nature of banking industry operational activities are substantially derived by advance technology, and the quality of human resources. Thus, leveraging intellectual capital effectively allows companies to develop faster to sustain and thrive in the global market. Taiwan's well established banking industry, high penetration and technology-savvy environment has made the banking industry vastly competitive. Therefore, the author urges to find out the effect of intellectual capital on Taiwan commercial banks’ financial performances.

    Knowledge has become the preeminent economic resource and has been actively involved in the global economic development. Commodity-based economy began to be obsolete and shifted towards knowledge-based economy in order to produce higher added value. Thus, companies are now more dependent on knowledge-based assets which also known as intellectual capital. In recent years, companies are focus to utilize their intellectual capital in order to increase their performance. Several studies implied that intellectual capital resources such as human capital, structural capital, and customer relations have become one of the most important key factors in cultivating companies’ competitive advantage and value. This research will distinctively focus on banking industry. As banking industry is considered as one of the most knowledge-intensive, skill-based, and relationship-rich industry. Nevertheless, the nature of banking industry operational activities are substantially derived by advance technology, and the quality of human resources. Thus, leveraging intellectual capital effectively allows companies to develop faster to sustain and thrive in the global market. Taiwan's well established banking industry, high penetration and technology-savvy environment has made the banking industry vastly competitive. Therefore, the author urges to find out the effect of intellectual capital on Taiwan commercial banks’ financial performances.

    ABSTRACT i ACKNOWLEDGEMENTS ii LIST OF CONTENTS iii LIST OF TABLES vi LIST OF FIGURES vii CHAPTER 1: INTRODUCTION 1 1.1 Research Background 1 1.1.1 Motivation and Background 1 1.1.2 Banking Industry in Taiwan 3 1.1.3 Intellectual Capital on Company Performance 4 1.2 Research Objectives 6 1.3 Research Flowchart 6 CHAPTER 2: LITERATURE REVIEW 8 2.1 Intellectual Capital 8 2.1.1 Intellectual Capital Components 8 2.1.1 Intellectual Capital measurement 10 2.2 Control Variables 11 2.2.1 Bank Size 11 2.2.1 Bank Liquidity 12 2.2.1 Non Performing Loan 12 2.2.1 Capital Adequacy 13 2.3 Bank Performance 13 2.3.1 Return on Assets (ROA) 14 2.3.1 Return on Equity (ROE) 15 2.4 Effect of Intellectual Capital on Bank Financial Performance 15 2.5 Effect of Control Variables (Bank Size, Bank Liquidity, Non Performing Loan, Capital Adequacy) on Bank Financial Performance 16 CHAPTER 3: METHODOLOGY 19 3.1 Object of Research 19 3.1.1 Data Collection Method 19 3.2 Research Population and Sampling 19 3.3 Variables 20 3.3.1 Dependent Variables 20 3.3.2 Independent Variables 20 3.4 Data Analysis 21 CHAPTER 4: RESULTS AND ANALYSIS 27 4.1 Descriptive Statistics 27 4.2 Panel Data Regression 27 4.2.1 Chow Test 29 4.2.2 Hausman Test 30 4.3 Hypothesis Results 31 4.3.1 F Test 30 4.3.2 t Test 32 4.3.3 Coefficient of determination (R² or R-Squared) Model 36 CHAPTER 5: CONCLUSIONS 38 5.1 Research Conclusions 38 5.2 Research Limitations 45 5.1 Further Research Recommendations 46 References 48 Appendix 53

    Abiola, I., & Olausi, A. S. (2014). The Impact of Credit Risk Management on the Commercial Banks Performance in Nigeria. International Journal of Management and Sustainability, 295-306.

    Abuzar, M. A. (2013). Internal and external determinants of profitability of Islamic banks in Sudan: evidence from panel data, Afro-Asian. Journal of Finance and Accounting, 222-240.

    Almilia, L. S. (2008). Faktor – Faktor yang Mempengaruhi Pengungkapan Sukarela “Internet Financial and Sustainability Reporting”. Jurnal Akuntansi, 117-131.

    Ang, R. (2001). Buku Pintar Pasar Modal Indonesia. Jakarta: Media Soft Indonesia.

    Appuhami, B. A. (2007). The impact of intellectual capital on investors' capital gains on shares: an empirical investigation of Thai banking, finance, and insurance sector. International Management Review, 14-25.

    Asare, N., Asamoah, M. E., Alhassan, A. L., & Gyanfi, M. N. (2017). Intellectual capital and profitability in an emerging insurance market. Journal of Economic and Administrative Sciences, 589.

    Asian Development Bank. (2014). Innovative Asia Advancing the Knowledge Based Economy. Philippines: Asian Development Bank.

    Baltagi, B. H. (2005). Econometric Analysis of Panel Data. England: John Wiley & Sons Inc.

    Baltagi, B. H. (2008). Econometric Analysis of Panel Data (Fourth Edition). Heildelberg: Spinger.

    Boahene, S. H., & Agyei, S. K. (2012). Credit Risk and Profitability of Selected Banks in Ghana. Research Journal of Finance and Accounting, 6-14.

    Bontis, N. (1998). Intellectual Capital: An Exploratory Study That Develops Measures and Models. Management Decision, 63-76.

    Bontis, N. (2000). Intellectual Capital and Business. Journal of Intellectual Capital, 85.

    Bontis, N. (2004). National Intellectual Capital Index: A United Nations initiative for the Arab region. Journal of Intellectual Capital, 13-39.

    Bordeleau, E., & Graham, C. (2010). The Impact of Liquidity on Bank Profitability. Bank od Canada Working Paper, 38.

    Braunerhjelm, P. (2000). Knowledge Capital and the "New Economy": Firm Size, Performance, and Network Production. New York: Springer Science.

    Cabrita, R. M., & Bontis, N. (2008). Intellectual Capital and Business Performance in the Portuguese Banking Industry. International Journal of Technology and Management, 212-237.

    Chatzhel, J. (2002). Intellectual Capital Innovation 01.06. Oxford: Capstone.

    Davydenko, A. (2010). Determinants of bank profitability in Ukraine. Determinants of bank profitability in Ukraine, 1-31.

    Dawood, U. (2014). Factors impacting profitability of commercial banks in Pakistan for the period of (2009-2012). International Journal of Scientific and Research Publications.

    Demediuk, P. (2002). Intellectual Capital Reporting: New Accounting for The New Economy. Asian Acedemy of Management Journal, 7, 57.

    European Central Bank. (2010). Beyond ROE - How to measure Bank performance. Europe: European Central Bank.

    Fahmi, I. (2011). Analisis Laporan Keuangan. Lampulo: ALFABETA.

    Fitch Solutions. (2020, January 02). Taiwan Fintech: Regulation Increasingly Supportive Of Digital Players. Diambil kembali dari fitchsolutions.com: https://www.fitchsolutions.com/corporates/telecoms-mediatechnology/taiwan-fintech-regulation-increasingly-supportive-digital-players02-012020?fSWebArticleValidation=true&mkt_tok=eyJpIjoiWkRBMU9EUTFaR1 EwWkRndyIsInQiOiJSWlRYYXljNXg4WHBiOFFGSUkrZUF5QnErTi

    Ghozali, I. (2013). Aplikasi Analisis Multivariate. Semarang: Badan Penerbit Universitas Diponegoro.

    Gitusudarmo, A. I. (2002). Manajemen Keuangan. Yogyakarta: BPFE.

    Goddard, J., McKillop, D., & Wilson, J. O. (2009). Capital adequacy and capital regulation of Us credit unions. Bancaria Editrice, 43-55.

    Goh, P. C. (2005). Intellectual capital performance of commercial banks in Malaysia. Journal of Intellectual Capital, 385.

    Gujarati, D. N. (2004). Basic Econometrics. The Mcgraw-Hill Companies.

    Gujarati, D. N. (2012). Dasar-Dasar Ekonometrika. Jakarta: Salemba Empat.

    Gul, S., & Zaman, K. (2011). Factors Affecting Bank Profitability in Pakistan. Romanian journal of economic forecasting, 61-87.

    Hagel, J., Brown, J. S., & Samoylova, T. (2013). Success or struggle: ROA as a true measure of business performance. United States: Deloitte.

    Hamzah, N., & Ismail, M. N. (2008). The Importance of Intellectual Capital Management in the Knowledge-based Economy . Contemporary Management Research , 237.

    Haneef, S., Riaz, T., Rana, M., Ishaq, H., & Karim, Y. (2012). Impact of Risk Management on Non-Performing Loans and Profitability of Banking Sector of Pakistan. International Journal of Business and Social Science, 307-315.

    Hasanov, F. J., Bayramli, N., & Musehel, A. N. (2018). Bank-Specific and Macroeconomic Determinants of Bank Profitability: Evidence from an OilDependent Economy. International Journal of Financial Studies, 78.

    Herrero, A. G., Gavia, S., & Santabarbara, D. (2009). What explains the low profitability of chinese banks? Documentos de Trabajo.

    Huang, C. F., & Hsueh, S. L. (2007). A study on the relationship between intellectual capital and business performance in the engineering consulting industry: A path analysis. Journal of Civil Engineering and Management, 265-271.

    Hung, J. L., & Luo, B. (2016). FinTech in Taiwan: a case study of a Bank’s strategic planning for an investment in a FinTech company . Financial Innovation, 1.

    Ienciu, N. M., & Matis, D. (2014). Inflection Points in the Development of IAS 38. . Journal of Financial Reporting and Accounting, 62-75.

    Ikapel, O. F. (2016). Analysis of Intellectual Capital and Financial Performance of Commercial Banks in Kenya: An Application of Value Added Intellectual Coefficient (VAIC). International Journal of Research in Finance and Marketing, 1-15.

    Inada, Y. (2018). A Dynamic Use of Survet Data and High Frequency Model Forecasting. Singapore: World Scientific Publishing Co, Ptc, Ltd.

    Iranmahd, M., Moeinaddin, M., Shahmoradi, N., & Heyrani, F. (2014). The Effect of Intellectual Capital on Cost of Finance and Firm Value. International Journal of Academic Research in Accounting, Finance and Management Sciences, 1-8.

    Joseph, M. T., Edson, G., Manuere, F., Clifford, M., & Michael, K. (2012). Non Performing Loans in Commercial Banks: A case of CBZ Bank Limited in Zimbabwe. Interdisciplinary Journal of Contemporary Research in Business, 467-488.

    Kaguri, A. W. (2012). Relationship between Firm Characteristics and Financial Performance of Life Insurance Companies in Kenya. Working Paper, University od Naurobi.

    Kaplan, R. S., & Norton, D. P. (2004). Measuring the Strategic Readiness of Intangible Assets. Harvard Business Review, 52-63.

    Kubo, I., & Saka, A. (2002). An Inquiry into the Motivations of Knowledge Workers in the Japanese Financial Industry. Journal of Knowledge Management, 262271.

    Kunt, A. D., & Huizinga, H. (1999). Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence. World Bank Economic Review, 379-408.

    Kwan, S. H. (2003). Operating Performance of Banks among Asian Economies: An International. Journal of Banking & Finance, 471-489.

    Lartey, V. C., Samuel, A., & Boadi, E. K. (2013). The Relationship between Liquidity and Profitability of Listed Banks in Ghana. International Journal of Business and Social Science, 48-56.

    Latif, M., Malik, M. S., & Aslam, S. (2012). Intellectual Capital Efficiency and Corporate Performance in developing countries: A Comparison between Islamic and Conventional Banks of Pakistan. Interdisciplinary Journal of Contemporary Research in Business, 405.

    Maditinos, D., Chatzondes, D., Tsairidis, C., & Therion, G. (2011). The impact of intellectual capital on firms' market value and financial performance. Journal of Intellectual Capital, 132-151.

    Marti, J. M. (2001). Intellectual Capital Benchmarking System. Journal of Intellectual Capital, 148-165.

    Muhammad, N. M., & Ismail, M. (2009). Intellectual Capital Efficiency and Firm’s Performance: Study on Malaysian Financial Sectors. International Journal of Economics and Finance, 2016.

    Musali, M. A., & Ismail, K. I. (2014). Intellectual capital and its effect on financial performance of banks: Evidence from Saudi Arabia. Social and Behavioral Sciences , 201.

    OECD. (2005). The Measurement of Scientific and Technological Activities: Guidelines for Collecting and Interpreting Innovation Data. Science and technology statistics, 71.

    Ousama, A. A., & Fatima, A. (2015). Intellectual capital and financial performance of Islamic banks. International Journal of Learning and Intellectual Capital.

    Ouyang, L. (2008). Human Capital, Efficiency and Productivity: Empirical Evidence from Taiwanese Banking Industry . 2008 4th IEE International Conference on Management of Innovation and Technology, 216-221.

    Petty, R., & Cuganesan, S. (2005). Voluntary Disclosure of Intellectual Capital by Hong Kong Countries: Examining Size Industry and Growth Effects over Time. Australian Accounting Review, 40-50.

    Poghosyan, T., & De Haan, J. (2012). Bank size, market concentration, and bank earnings volatility in the US. Journal of International Financial Markets, Institutions and Money, 35-54.

    Porter, M. E. (1980). Competitive Strategy. New York: Free Press.

    Prastowo, D. (2002). Analisis Laporan Keuangan. Yogyakarta: YKPN.

    Pulic, A. (2008). The Principles of Intellectual Capital Efficiency: A Brief Description. Zagreb: Croatian Intellectual Capital Center.

    Putri, A. A., & Purwanto, A. (2013). Pengaruh Intellectual Capital terhadap kinerja perusahaan perbankan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 20090-2011. Diponegoro Journal of Accounting, 1-12.

    Rahman, A., & E Dalabeeh. (2013). The Role of Financial Analysis Ratio in Evaluating Performance. Interdisciplinary Journal of Contemporary Research in Business.

    Riduwan, & Kuncoro. (2012). Cara Menggunakan dan Memakai Path Analysis. Bandung: Alfabeta.

    Romli, N., Rahman, N. H., Ibrahim, W. F., & Ismail, I. (2014).

    Roos, G., Bainbridge, A., & Jacobsen, K. (2001). Intellectual capital analysis as a strategic tool. Strategy & Leadership, 21-26.
    52

    Schultz, T. W. (1993). The Economic Importance of Human Capital in Modernization. Education Economics, 13.

    Shamsudin, L. I., & Yian, R. Y. (2013). Exploring the Relationship between Intellectual Capital and Performance of Commercial Banks in Malaysia . Review of Integrative Business & Economics, 326-372.

    Singh, S., & Kansal, M. (2011). Voluntary Disclosures of Intellectual Capital: An Empirical Analysis. Journal of Intellectual Capital, 301-318.

    Starovic, D., & Marr, B. (2004). Understanding Corporate Value: Managing and Reporting Intellectual Capital. Chartered Institute of Management Accountants.

    Stewart, T. A. (1997). Intellectual Capital: The New Wealth of Organizations. New York: Doublebay.

    Sugiyono. (2016). Metode Penelitian Kualitatif, Kuantitatif dan R&D. Bandung: Alfabeta.

    Sveiby, K. E. (1997). The New Organizational Wealth: Managing & Measuring Knowledge-Based Assets. San Fransisco: Berrett-Koehler.

    The Global Economy. (2017). Return on Assets in Asia. Diambil kembali dari The Global Economy: https://www.theglobaleconomy.com/rankings/bank_return_assets/Asia/

    Thota, N. (2013). The Determinants of Commercial Banks Profitability in India. Social Science Research Network, 1-19.

    Ting, I. W., & Lean, H. H. (2009). Intellectual Capital Performance of Financial Institutions in Malaysia. Journal of Intellectual Capital , 588-599.

    Tsao, H. H., & Hung, Y. C. (2014). Intellectual capital and performance in banking industry of Taiwan. International Journal of Innovation and Learning, 34.

    Uzliawati, L., & Djati, K. (2015). Intellectual Capital Disclosure, Corporate Governance Structure and Firm Value In Indonesian Banking Industry. International Journal Monetary Economics and Finance, 162-177.

    Wang, H. K., Yen, Y. F., & Lin, Y. C. (2008). An empirical research on the relationship between human capital and innovative capability: A study on Taiwan's commercial banks. Total Quality Management & Business Excellence, 11891205.

    Widarjono, A. (2009). Ekonometrika Pengantar dan Aplikasinya. Yogyakarta: Ekonisia.

    World Bank. (1999). World Development Report: Knowledge For Development. New York: Oxford University Press.

    Yilmaz, A. (2013). Profitability of banking system: evidence from emerging markets. WEI International Academic Conference Proceedings.

    Yung, B. Y., Qing, C. W., Yee, C. Y., Kian, G. S., & Hoong, T. Y. (2015). Impact of Internal Factors in Measuring Profitability of Local and Foreign Banks: Evidence from 16 Malaysia Commercial Banks. Universiti Tunku Abdul Rahman Research Project.

    QR CODE