智慧資本、研發創新、公司規模與企業經營績效之相關研究—以資訊服務業為例

Abstract

在知識經濟時代，智慧資本的累積是企業績營績效與價值創造過程的關鍵角色，主宰企業持續成長之重要因素。本研究利用智慧資本、研發創新活動、公司規模等構面，從中選取替代變數，來建構影響公司經營績效的複迴歸模型；以2000~2006年之台灣上市上櫃資訊服務業的樣本進行實證，分析各個變數對公司經營績效的影響。主要研究結果顯示如下： 1.本研究將智慧資本分為人力資本、結構資本、關係資本來探討，而實證結果顯示，此三個構面確實均與企業經營績效有關。 2.當期研究發展費用率在三個迴歸模型中，均不具解釋能力。 3.公司規模變數對企業經營績效的影響力，在本研究的三個模型中都未達顯著水準，原因可能是在我國資訊服務業中，公司規模並無很大的差異，每家廠商均佔市場規模的一小部分而已。 4.以資訊服務業來說，實證結果顯示，財務會計資訊對於公司經營績效仍具有相當程度的解釋能力。

In the knowledge-based economy, intellectual capital is the key to make achievements and value the enterprise. It also dominates the factors of enterprise growth. This research uses the constructs of intellectual capital, innovative activities, scale of the enterprise to choose the substitute variables in order to build the multiple regression model of the business performance. We use the information services industry sample of the listed company at stock exchange market and listed company at over-the-counter market between 2000 and 2006 in Taiwan to analyze the impact of each variable for business performance. The main results of the research are as the following: 1.This research divided intellectual capital into three aspects to discuss: human resource capital, structure capital and relationship capital. The practical results show that the three aspects actually relate to the business performance. 2.The rate of research development expenses does not explain the abilities in the three regression models. 3.The impact of the company scale variable of the business performance does not reach the standard in three models of this research. The reason why maybe that there are no significant differences between the scale of each company in our information services industry; every company is only a small part in the market. 4.In the case of information services industry, the practical results show that information about financial accounting has impact on the business performance to a certain degree.