The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies

Purpose: Although intellectual capital (IC) has been proven to be value-added for companies, the drivers of IC performance remain an under-researched area. From the perspective of corporate governance, the purpose of this paper is to examine how controlling the ownership of shareholders would influe...

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Main Authors:	Hsieh, Chin-Hsien, Irene, Wei Kiong Ting, Asif, Jawad, Le, Hanh Thi My
Format:	Article
Language:	English
Published:	Emerald Publishing Limited 2019
Subjects:	HD28 Management. Industrial Management HF Commerce
Online Access:	http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/1/The%20role%20of%20controlling%20shareholders%20in%20determining%20investments%20.pdf

id	ump-27241
recordtype	eprints
spelling	ump-272412020-03-09T02:58:11Z http://umpir.ump.edu.my/id/eprint/27241/ The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies Hsieh, Chin-Hsien Irene, Wei Kiong Ting Asif, Jawad Le, Hanh Thi My HD28 Management. Industrial Management HF Commerce Purpose: Although intellectual capital (IC) has been proven to be value-added for companies, the drivers of IC performance remain an under-researched area. From the perspective of corporate governance, the purpose of this paper is to examine how controlling the ownership of shareholders would influence IC performance. Design/methodology/approach: This study utilized value-added intellectual capital (VAICTM) and its subcomponents, namely human capital, structural capital and capital employed efficiencies, to proxy for IC performance and regression analyses to assess the association between controlling the ownership of shareholders and the IC performance of Taiwanese listed semiconductor firms for the years 2009–2017. Findings: Results show that controlling the ownership of shareholders is nonlinearly related to IC performance. Specifically, controlling their ownership positively affects the level of IC performance up to an optimal point before it turns to be a negative relationship thereafter. Practical implications: The results of this study can help policy makers and other stakeholders understand the role of controlling shareholders in determining IC performance. The findings of this study suggest a nonlinear relationship between controlling the ownership of shareholders and IC. Originality/value: This study provides an extended perspective in studies related to the determinants of IC by considering the resources provided by controlling shareholders. The definitions of controlling interests and IC applied in this study are compared and aligned with those found in the International Financial Reporting Standard 10 – Consolidated Financial Statements and the International Integrated Reporting Council, respectively. Emerald Publishing Limited 2019-12-02 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/27241/1/The%20role%20of%20controlling%20shareholders%20in%20determining%20investments%20.pdf Hsieh, Chin-Hsien and Irene, Wei Kiong Ting and Asif, Jawad and Le, Hanh Thi My (2019) The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies. Journal Of Intellectual Capital, 21 (1). pp. 62-86. ISSN 1469-1930 https://doi.org/10.1108/JIC-05-2019-0091 https://doi.org/10.1108/JIC-05-2019-0091
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management HF Commerce
spellingShingle	HD28 Management. Industrial Management HF Commerce Hsieh, Chin-Hsien Irene, Wei Kiong Ting Asif, Jawad Le, Hanh Thi My The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
description	Purpose: Although intellectual capital (IC) has been proven to be value-added for companies, the drivers of IC performance remain an under-researched area. From the perspective of corporate governance, the purpose of this paper is to examine how controlling the ownership of shareholders would influence IC performance. Design/methodology/approach: This study utilized value-added intellectual capital (VAICTM) and its subcomponents, namely human capital, structural capital and capital employed efficiencies, to proxy for IC performance and regression analyses to assess the association between controlling the ownership of shareholders and the IC performance of Taiwanese listed semiconductor firms for the years 2009–2017. Findings: Results show that controlling the ownership of shareholders is nonlinearly related to IC performance. Specifically, controlling their ownership positively affects the level of IC performance up to an optimal point before it turns to be a negative relationship thereafter. Practical implications: The results of this study can help policy makers and other stakeholders understand the role of controlling shareholders in determining IC performance. The findings of this study suggest a nonlinear relationship between controlling the ownership of shareholders and IC. Originality/value: This study provides an extended perspective in studies related to the determinants of IC by considering the resources provided by controlling shareholders. The definitions of controlling interests and IC applied in this study are compared and aligned with those found in the International Financial Reporting Standard 10 – Consolidated Financial Statements and the International Integrated Reporting Council, respectively.
format	Article
author	Hsieh, Chin-Hsien Irene, Wei Kiong Ting Asif, Jawad Le, Hanh Thi My
author_facet	Hsieh, Chin-Hsien Irene, Wei Kiong Ting Asif, Jawad Le, Hanh Thi My
author_sort	Hsieh, Chin-Hsien
title	The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
title_short	The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
title_full	The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
title_fullStr	The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
title_full_unstemmed	The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies
title_sort	role of controlling shareholders in determining investments of intellectual capital among taiwanese semiconductor companies
publisher	Emerald Publishing Limited
publishDate	2019
url	http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/ http://umpir.ump.edu.my/id/eprint/27241/1/The%20role%20of%20controlling%20shareholders%20in%20determining%20investments%20.pdf
first_indexed	2023-09-18T22:42:45Z
last_indexed	2023-09-18T22:42:45Z
_version_	1777417024397377536

The role of controlling shareholders in determining investments of intellectual capital among Taiwanese semiconductor companies

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