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Title:	Role of intellectual capital in creating investment opportunity set in technology-based manufacturing companies in Malaysia
Authors:	Jafaridehkordi Hamidreza (P61235)
Supervisor:	Ruzita Abdul Rahim, Associate Professor Dr.
Keywords:	Intellectual capital Human capital
Issue Date:	Aug-2015
Description:	Malaysia aims to achieve a developed nation status by 2020 as outlined in Malaysian Master Plan 2002. Considering the main development indicators such as gross domestic product (GDP), income level and education, this country is still far-off as compared to developed economies in Asia such as Japan, Republic of Korea, Hong Kong and Singapore. Evidently, intensification of investment appears to be a crucial factor that will lead to the needed economic growth and development. Based on resource-based view (RBV), this study proposes that the creation and extension of investment opportunity set (IOS) be a competitive advantage generated through intellectual capital (IC). Since IC varies by level of technology employed, so does the IOS. Therefore, this study is to investigate the effect of IC on IOS using data from 129 manufacturing companies with different levels of technology in Malaysia over the period from 2006 to 2012. It also attempts to compare to what extent intellectual capital investment and efficiency in the manufacturing companies vary in various levels of technology based on the extended VAIC model of Nazari and Herremans (2007). Based on the Hausman test on balanced panel data, the fixed effect and random effect models are applied to test the relationship between IC and IOS in a longitudinal design. To compare IC in manufacturing companies with different levels of technology, this study employs the analysis of variance. The results of this study support the research hypotheses referring to the fact that investment in IC, its efficiency and components vary according to the degree of technology of the manufacturing companies. In addition, this study documents a positive role of IC efficiency in influencing the investment opportunity set (IOS).The findings of this study also develop our understanding on the significance of intellectual capital (IC) in emerging economies especially in a country which makes an attempt to optimize its economic performance through the knowledge-based economy.,Ph.D / Doktor Falsafah
Pages:	276
Call Number:	HD53.J336 2015 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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