Value Added Intellectual Capital of listed Companies in the Stock Exchange of Thailand

Main Article Content

Jaruwan Aeksapang
Phichet Sopapong

Abstract

         This research aims to study intellectual capital of listed companies in the Stock Exchange of Thailand and to analyze the value added intellectual capital of listed companies in the Stock Exchange of Thailand. Data were collected from 56-1 form and the 240 companies’ annual reports during the year 2012-2016 in 8 industrial groups. The researcher uses Value Added Intellectual Coefficient (VAIC) to measure the intellectual capital of listed companies in the Stock Exchange of Thailand, which is a recognized method of measuring company intellectual capital and related to the efficiency or ability of the company management. The indicator used to measure the efficiency of resource utilization for organization management.


          The research results found that: the companies in the Stock Exchange of Thailand had the value added intellectual capital at the high level, with highest human efficiency coefficient in overall, and their support for the value added intellectual capital.In addition, if classified by industry groups, it showed that the consumer industry had higher capital coefficient than other industries. Besides, it found that companies listed on the Stock Exchange of Thailand have high intellectual capital value added.

Downloads

Download data is not yet available.

Article Details

Section
Research Articles

References

กระทรวงพาณิชย์. (2558). คู่มือความพร้อมการนำเข้า ส่งออกสินค้า. กรมการค้าต่างประเทศ. กรุงเทพฯ: กระทรวงพาณิชย์.
ตลาดหลักทรัพย์แห่งประเทศไทย. (2561). ข้อมูลบริษัท/หลักทรัพย์.https://www.set.or.th/set/ mainpage.do? language th & country=TH. พฤษภาคม 2561.
บุญชม ศรีสะอาด. (2560). การวิจัยเบื้องต้น. พิมพ์ครั้งที่ 10. กรุงเทพฯ: สุวีริยาสาส์น.
อาภรณ์ แกล้วทนงศ์ และพัทธนันท์ เพชรเชิดชู. (2561). ความสัมพันธ์ระหว่างการเปิดเผยทุนทางปัญญากับคุณภาพ กำไรและมูลค่าตามราคาตลาดของบริษัทจดทะเบียนในตลาดหลักทรัพย์แห่ง
ประเทศไทย กลุ่มอุตสาหกรรมเทคโนโลยี. วารสารสุทธิปริทัศน์. 32(102), เมษายน - มิถุนายน.
Ayas, S., & ornek, A. s. (2015). Sivilgirisimlerkapsamınd asiviltoplumplat form larıve Big a siviltoplumplat formuornegi. YönetimBilimleriDergisiCilt. 13, Sayı: 26, ss.
261 - 283, 2015.
Bohdanowicz, L. (2014). Managerial Ownership and Intellectual Capital Efficiency: Evidence From Poland. China-USA Business Review. 13(10), 626 - 635.
Celenza, D.,& Rossi, F. (2013). Ownership concentration, intellectual capital, and firm performance : Evidence from Italy. China-USA Business Review. 12(12).
Chen Goh, P. (2005). Intellectual capital performance of commercial banks in Malaysia. Journal of intellectual capital. 6(3), 385 - 396.
Dzinkowski, R. (2000). The measurement and management of intellectual capital: An introduction. Management Accounting: Magazine for Chartered Management
Accountants. 78(2), 32 - 35.
Kujansivu, P., & Lonnqvist, A. (2008). Business process management as a tool for intellectual capital management. Knowledge and Process Management.
15(3), 159 - 169.
Maditinos, D., Chatzoudes, D., Tsairidis, C., & Theriou, G. (2011). The impact of intellectual capital on firms' market value and financial performance. Journal of
intellectual capital. 12(1), 132 - 151.
Marr, B., & Adams, C. (2004). The balanced scorecard and intangible assets: similar ideas, unaligned concepts. Measuring business excellence. 8(3), 18 - 27.
Mohd-Saleh, N., Rahman, C. A., & Ridhuan, M. (2009). Ownership structure and intellectual capital performance in Malaysia. Asian Academy of Management
Journal of Accounting and Finance. 5(1), 1 - 29.
Nadya Gomes L. et al. (2019). Intellectual Capital Disclosure, Information Asymmetry, Cost of Capital, and Firm Value: Empirical Studies on Indonesian
Manufacturers. Petra international journal of business studies. 2(1), June, 27 - 35.
Noradiva, H., Parastou, A., & Azlina, A. (2016). The Effects of Managerial Ownership on the Relationship between Intellectual Capital Performance and Firm Value.
International Journal of Social Science and Humanity. 6(7), 514.
Ong, T. S., Teo, C. L., & Teh, B. H. (2011). Analysis on financial performance and efficiency changes of Malaysian commercial banks after mergers and
acquisitions. International Journal of Business and Management Tomorrow. 1(2), 1 - 16.
Pulic. (2000). VAICTM: An accounting tool for IC management. International Journal Technology Management. 20(5 – 8), 702 – 714.
Siti Nurhayati. (2017) Analisa Pengaruh Intellectual Capitak Terhadap Kinerja Pasar Dan Kinerja Keuangan Pada Perusahaan. LQ45 Yang
Swartz, G. E., Swartz, N. P., & Firer, S. (2006). An empirical examination of the value relevance of intellectual capital using the Ohlson (1995) valuation model.
Meditari Accountancy Research. 14(2), 67 - 81.
Yalama, A., & Celik, S. (2013). Real or spurious longmemory characteristics of volatility: Empirical evidence from an emerging market. Economic Modelling.
30, 67 - 72.
Zanjirdar, M., & Kabiribalajadeh, A. (2011). Examining relationship between ownership structure and performance of intellectual capital in the stock market of Iran.
Indian journal of Science and Technology. 4(10), 1369 - 1377.