Research On Intellectual Capital Measurement Of CoPS Innovation And Stakeholder Management

In the era of knowledge economy, intellectual capital, the core of which is knowledge, has gradually replaced land, natural resource and money to be the most important motive force of enterprise's development. It is not only the important source for enterprise to create value and gain sustainable competitive advantage, but also the key factor for enterprise to innovate and increase profit in the future.At present, economic activity consists of more and more CoPS innovation activities, in which a large number of explicit and tacit knowledge is included. The knowledge stores in enterprise human capital, structure capital and relation capital. How to manage the implicit and explicit knowledge flows and complex relationship networks and balance the interests of stakeholders are more or less relevant to intellectual capital management, the core of which is intellectual capital measurement. Therefore, this paper explores the intellectual capital measurement of CoPS innovation and stakeholder management.Based on the summary and evaluation of the existing research, this paper divides intellectual capital into human capital, structure capital and relation capital from the aspects of growth, efficiency and stability, and then, it selects 28 listed companies, the main business of which is CoPS and measures their intellectual capitals among the year 2007,2008 and 2009 using quantitative indicators; Meanwhile, it explores the change of intellectual capitals among companies in the same/different years and different industries so as to make enterprise realize intellectual capital more profoundly and specifically so as to manage intellectual capital better and to creates more value for the enterprise.Through theoretical analysis and quantitative studies, the main conclusions drawn are as follows: First, the three elements of intellectual capital, namely human capital, structure capital and relation capital are complementary, any one alone is worthless, the value of which comes from their interaction. Meanwhile, There isn't a causal link between intellectual capital and its elements, the possession of mere one or two of the three elements do not mean a high intellectual capital score. To enhance the overall intellectual capital, it needs to take into account all the three.Second, the intellectual capital scores of different corporates in the same year or the same corporate in different years vary greatly. Any one element nelected will affect the whole intellectual capital. Moreover, th financial crisis has relatively smaller effects on corporates with higher intellectual capitals, but larger effect on those with lower intellectual capitals.Third, Intellectual capitals in different industries vary differently and greatly. Among which, the power industry is the highest, with the electronic information industry followed. Besides, intellectual capital in the aerospace manufacturing industry is declining, while the transport industry is rising and overtakes the aerospace manufacturing industry in 2009.