Intellectual Capital Performance of the Textile Industry in Emerging Markets: A Comparison with China and South Korea

Jian Xu and Binghan Wang
Additional contact information
Jian Xu: School of Management, Qingdao Agricultural University, Qingdao 266109, China
Binghan Wang: Business School, Lincoln University, Lincoln 7647, New Zealand

Sustainability, 2019, vol. 11, issue 8, 1-16

Abstract: In this study, the Value Added Intellectual Capital (VAIC TM ) and Modified Value Added Intellectual Capital (MVAIC TM ) models are utilized to analyze intellectual capital (IC) performance of the textile industry in China and South Korea during 2012–2017, and measure the contribution of IC sub-components to companies’ performance. The results show that the aggregate IC positively affects earnings, profitability, and productivity of textile companies in China and South Korea. At the sub-components level, the contribution of capital employed efficiency (CEE) is the largest, followed by structural capital efficiency (SCE), and relational capital efficiency (RCE) in China’s textile industry. In addition, Korea’s textile industry relies heavily on CEE and human capital efficiency (HCE), while the contribution of RCE is relatively small. Finally, relevant policies are put forward to promote the sustainable development of the textile industry in these two emerging markets.

Keywords: intellectual capital; firm performance; textile industry; emerging markets (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
https://www.mdpi.com/2071-1050/11/8/2354/pdf (application/pdf)
https://www.mdpi.com/2071-1050/11/8/2354/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:8:p:2354-:d:224305

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().