摘要：In this paper we examine the effect of the aggregate measure of intellectual capital and its component (human capital efficiency, structural capital efficiency and capital employed efficiency) on firm performance (market valuation, profitability, productivity) from the Technology, Trading and Services, Consumer Products and Hotel sectors listed in the main board of Bursa Malaysia. Using value added intellectual capital (VAIC) to measure intellectual capital as well as market to book value (M/B), returns on equity (ROE), returns on asset (ROA) and asset turnover (ATO) for measuring firm performance. The results of this paper revealed that the aggregate measure of intellectual capital (VAIC) has a positive significant effect on M/B, ROE, ROA and ATO. However, when the individual components of VAIC (human capital efficiency, structural capital efficiency and capital employed efficiency) are analyzed, different findings were obtained.
