||A Study on the Relationship of Production Value, R & D Investment, and Intellectual Property|
in High Technology Industries
Chih Chin Yang* and Ping-Yi Chao**
Department of Business Administration, National Sun Yat-sen University, Kaohsiung, Taiwan, Republic of China
Intellectual capital is often defined as a belief that is true and justified. This defined has led to its market and product values. This study of the valuation proposed a new model of intellectual capital including content classification with experiment, experience, and knowledge elements and infrastructure classification with finance, human, and facility elements.
This thesis proposed a new theory of intellectual capital and a valuation approach with production and market. After an in-depth review and case analysis of leading firms in this field, a holistic intellectual capital model is discussed, which involves transport, delivery supporting, and interface and systems of on intellectual capital. Through a quantity study and empirical study, it is found that there is a significant relationship between the six intellectual capital elements, including three elements of content and three elements of infrastructure in a company, and its market and product values.
The purpose of this study is to investigate the six elements of intellectual capital, ie experiment, experience, knowledge, finance, human, and facility elements, and their interrelationships within all high-technologies in Taiwan. The main conclusions from this particular study are that: positive relationship between infrastructure of enterprise and content of enterprise is important regardless of all high-technology industries type; the relationship between infrastructure and product value is positive and significant; the relationship between content of enterprise and product value is important for high-technology industries. The final specified models in this study show a robust explanation of business performance in product value within the high technology industries in Taiwan.