An Empirical Study of the Impact of Intellectual Capital on Operating Efficiency of Group Practice Accounting Firms in Taiwan
| Autor: | Shu-Fen Tsai, 蔡淑芬 |
|---|---|
| Rok vydání: | 2010 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 98 In the knowledge economy era, not only tangible production factors but intangible knowledge and intellectual capital also contribute to the value-creating of an enterprise. Hence, accounting firms, facing such a tremendous change in the external economic environment, should set out to develop a feasible strategy to apply intangible intelligence and professional knowledge on improving operating efficiencies and enhancing competitive advantages in response to fierce audit market competitions. The aim of this study is to explore the impact of intellectual capital on the operating efficiency of group practice accounting firms in Taiwan by using the survey data of the accounting service industry, provided by the Financial Supervisory Commission, Executive Yuan, R.O.C. for the period of 2001-2007. After conducting two stages of empirical analyses, including Data Envelopment Analysis (DEA) and the Tobit regression, the author obtains the following conclusions: 1.The operating efficiency value (i.e. technical efficiency, composed of pure technical efficiency and scale efficiency) of the Big X accounting firms is significantly higher than that of the non-Big X ones. The overall technical inefficiencies of group practice accounting firms mainly resulted from scale inefficiencies. 2.Most of the Big X accounting firms and the non-Big X group practice firms with revenues from auditing public companies operated under the production status of constant returns to scale, whereas most of the non-Big X group practice firms without revenues from auditing public companies operated under the status of increasing returns to scale. 3. The Tobit regression results show that human capital, innovation capital, and process capital are significantly positively related to operating efficiency value. That is to say that the higher education degrees, the richer professional experiences, and the more intact continuing professional educations accounting firms staffs possess, the higher technical efficiencies accounting firms will achieve. On the other hand, the firms’ organizational age has a significant negative association with their technical efficiency value. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|