Research of the Effectiveness of the Growth of Smes under Intellectual Capital Driven-based on the Empirical Analysis of Smes in China Listed Companies

摘要

Intellectual capital is the sum of all the wisdom and experience can be used to create wealth. It is including human capital, structural capital and relational capital. Because of intellectual capital is the heterogeneity resources, thus it become the main driving force for the growth of SMEs. The study selects the panel data of 2008-2011, 198 SMEs in China listed companies and use factor analysis extracted growth factor, use intellectual value added coefficient model to measure intellectual capital, take the use of quantile regression method to test the validity of the intellectual capital-driven growth of SMEs. It was found that the intellectual capital do not have a significant impact to the company that growth slow and the impact of the rapid growth of the company significantly and therefore proposed that SMEs should vigorously develop operational intellectual capital proposals.