The impact of financial and non-financial capital on corporate market value: An empirical study on publicly-listed information technology service providers in the Philippines

Date of Publication

2007

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Defense Panel Chair

Corazon C. Subido

Defense Panel Member

Michael Angelo Cortez
Alvin Dave Pusing

Abstract/Summary

Gone are the day that a market value is based solely on the bottom line of a company. Investors are now critical about other non-financial aspects of a company, such as quality and internal process management. This research will examine the relationship among financial capital, intellectual capital, and corporate market value of publicly-listed service providers in the Philippines I.T. industry. The valuation approach of Price Model by Ohlson, and the Balanced Score Card by Norton and Kaplan were used as the frameworks for the research. The research subjects and periods are publicly-listed corporations in the Philippines I.T. industry from 2004 to 2006. Descriptive statistics and multiple regression statistical methods were employed using PhilStat, an add-on of Microsoft Excel. The result of this research indicates that the financial intellectual capital, taken as a whole, have a significant impact corporate market value. This research has derived the most optimal model of market value which is as follows: MV = (-0.98 *BV) + (47.68 * NI) + (-2.17 * CR) + (-52.01 * O1) + (170.44 * EE) + 0.00(+-0.01). This equation contains the variables of book value, net income, customer revenue, operating income and employee education.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU13233

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

96 leaves : ill. ; 28 cm.

Keywords

Information technology--Philippines; Information resources management--Philippines; Telecommunication--Philippines; Business enterprises--Philippines

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