| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 99 === According to the prior literature, this study segments the intellectual capital of Taiwanese electronics industry into human capital, innovation capital, process capital, and customer capital. This study also analysis the stages of business life cycle by using Anthony and Ramesh (1992) method. First, the empirical testing was adopted with comprehensive life-cycle indicators to analyze the relationship between the intellectual capital and the corporate performance. Second, I analyze the relationship between the business life cycle and the corporate performance. Then the further discussion will focus on whether the corporate performance was significantly influenced by the interactive effect of intellectual capital and business life cycle.
The results show that unconsidering the business life cycle, the corporate performance has highly positive correlation between the human capital and process capital, both of which are included by intellectual capital. However, the correlation between customer capital and corporate performance was significantly negative. The business life cycle and the corporate performance is highly (lessly) correlative during a company’ earning growth (recession) period. Furthermore, considering the business life cycle, the higher interactive effect among human capital, customer capital, and the business life cycle, the more (less) influence on the corporate performance during a company’ earning growth (recession) period.
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