The Impacts of Intellectual Capital and Anti-risk Capability on Corporate Value: A research based on listed constituent stock

DOI

10.2991/febm-19.2019.39How to use a DOI?

Keywords

intellectual capital; anti-risk capability; corporate value

Abstract

Intellectual capital is an extremely important non-financial intangible asset owned by the company. Anti-risk capability refers to the ability of a company to integrate its own resources against external risks in the face of uncertainties. Intellectual capital is the driving force for corporate development, while anti-risk capability provides protection for the company. Both are indispensable in the long-term development of a company. This study selected the balanced panel data of 50 listed companies from constituent stock in China between 2011 and 2015 and explored the relationship between intellectual capital, anti-risk capability, and corporate value. Results show that the application of intellectual capital and the ability to resist risks vary greatly among different companies. At the same time, companies with higher levels of intellectual capital have higher corporate value.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hongyi Zhang
AU  - Xingyu Wang
PY  - 2019/12
DA  - 2019/12
TI  - The Impacts of Intellectual Capital and Anti-risk Capability on Corporate Value: A research based on listed constituent stock
BT  - Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)
PB  - Atlantis Press
SP  - 153
EP  - 155
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-19.2019.39
DO  - 10.2991/febm-19.2019.39
ID  - Zhang2019/12
ER  -