THE RELATIONSHIP BETWEEN INTELLECTUAL CAPITAL AND MARKET VALUE OF THE FIRMS
Keywords:
Intellectual Capital, Human Capital, Structural Capital, Customer CapitalAbstract
This study focuses on Relationship between intellectual capital and business value according to market price The composition of intellectual capital developed from various literature reviews tool for data collection consists of 3 components; namely human capital, structural capital and relationship capital with customers The researcher conducted the study using companies listed on the Stock Exchange of Thailand in the SET100 group and the MAI group the sample consisted of 134 companies. This research aims to study the indicators of intellectual capital management companies listed on the Stock Exchange of Thailand. The Feltham and Ohlson (1995) valuation statistics model use to analyze Multiple Regression Analysis in analyzing the relationship of variables
The results of the study found that in this human capital index has a significant influence on the market value of the business, namely the number of employees and salaries. Structural capital index has a significant influence on the value of the business according to the market price, which is age of the business. This is a measure of the relationship with the customer with a significant influence on the value of the business according to the market price is the selling expenses. The relationship shows that Intellectual Capital Indicators which are related to the market value of the firms will be the index that is related to the income and the main expenses of the related to employees.
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