| 摘要: | Intellectual capital (IC) is something that the companies might overlook, where it actually brings a huge impact on the research and development (R&D) efficiency and marketability efficiency to companies, especially the companies that heavily rely on innovation to serve as their competitive advantage to stand out from their competitors and make their products or services distinct from their competitors. The main purpose of this study is to empirically examine the impact of IC on R&D efficiency and marketability efficiency of the global innovating companies from 2016 to 2020 by applying two-stage dynamic network data envelopment analysis (DEA). The results of the study shows that the companies from US region and the companies from information technology sector and health care sector have a relatively higher performance for IC, R&D efficiency and marketability efficiency in general. Over the five-year period, only eight companies are both R&D and marketability efficient. Human capital is the only component that is significantly related to R&D efficiency, while human capital and structural capital are significantly related to marketability efficiency. Overall, this study shows the importance of IC could bring impacts on R&D efficiency and marketability efficiency to the global innovating companies. This study concludes by describing the limitations of the current study and possible directions for the study in the future. |
