1. UKM Learning and Research Repository
2. PHD Thesis / Tesis PHD
3. Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

Title:	Intellectual capital performance, firm performance and value: the moderating role of Malaysian corporate governance amendment
Authors:	Haider Mahdi Saleh (P84654)
Supervisor:	Mara Ridhuan Che Abdul Rahman, Dr.
Keywords:	Corporate governance -- Malaysia Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	4-Aug-2020
Description:	In the age of knowledge economy Intellectual Capital (IC) is gaining prominence in academic research and management practices owing to the fact that it is a significant contributor to strong performance and value creation. To achieve maximum performance and value, corporate governance (CG) mechanism plays an important role by enhancing the management of IC practice via effective control, measurement, and reliable reporting of IC. In 2017, Malaysia witnessed the reform of corporate governance emphasizing a holistic structural change. Arguably, such reforms could result in better IC management practice compared to the prior CG code established in 2012. However, the desired effect of the new code on IC with respect to strong performance and value has not been tested thus far. This study, therefore, was carried out with the aim to compare the effect of IC on strong performance and value between pre- and post-Malaysian Code of Corporate Governance 2017 practices. The study involved three research objectives, which were to investigate the associations of IC and performance and value, to compare the moderating effects of MCCG 2012 and MCCG 2017 practices on such associations relating to the desired improvement between the codes, and to compare the moderating effects of mandatory CG 2012 and 2017 practices and voluntary CG practices on such associations. The research data consisted of information derived from the financial years of 2015, 2016, 2017, and 2018. The CG index of mandatory practice was developed using MCCG 2012 and 2017 codes, and the CG index for voluntary CG practices was constructed using the index that emerged from prior studies. Value Added Intellectual Coefficient (VAIC) was calculated to measure IC performance. The findings showed that the total VAIC was associated with performance and value. Furthermore, the sub-analysis of VAIC revealed that only human capital efficiency was significantly associated with performance, and human capital and structural capital efficiencies were significantly associated with value. Regression results indicated that mandatory and voluntary CG practices significantly moderated the relationships between VAIC and performance and value. The findings also showed that the moderating effect of MCCG 2017 was stronger than that of MCCG 2012, indicating that regulators�� efforts in reforming CG practice code had achieved their aims. Based on such findings, an investment in human capital and structural capital is paramount to improving performance and value. In addition, such findings provide empirical support for resource base view and agency theory where a better corporate governance mechanism can contribute to the significant association between IC management practices and value and performance.,Ph.D.
Pages:	222
Call Number:	HD2741.S235 2020 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.