Research On The Relationship Among Accounting Firm’s Intellectual Capital, Dynamic Capability And Competitiveness

With the deepening of economic globalization, accounting services industry have beenplaying increasingly prominent role in the strategic development of economic and social. Thedevelopment of accounting firms is related to the security of national economic information ina high degree. However，compare to the “big four”,the domestic accounting firms are ratherweaker.Therefore, facing the further opening to the outside world, and in order to ensure ourcountry’s economy’s health and safety, what Chinese domestic accounting firms can do tocombine their own advantages to challenge the international big four who have a longerhistory? This is an urgent problem to solve. In view of this point thinking, this studycombined Intellectual Capital Theory and Dynamic Capabilities Perspective, to explore howdynamic capabilities of the "intellectual cooperation" organization, driver the most importantresource-intellectual capital, to promote the competitiveness of accounting firms increase.Firstly, we reviewed the existing literatures separately from those aspects including theresearch on the accounting firms’ competitiveness, the relationship between intellectualcapital and enterprises’ competitiveness, the relationship between dynamic ability andenterprises’ competitiveness. On the basis of summarizing and intergrading previous researchresults, we rethink profoundly whether those existing conclusions suit to guiding thedevelopment of accounting firms. Thus, we think it is necessary to further study on theintellectual capital, dynamic and competitiveness of Chinese domestic accounting firms.Secondly, based on the resource-based view,knowledge-based view, and DynamicCapability Perspective, we did further theoretical analysis and proposed research hypotheseswith respect to the three elements of intellectual capital (human capital, structure capital andrelation capital), dynamic capacity and competitiveness of the accounting firms. On this basis,the research model was constructed about accounting firms’ competitiveness based onintellectual capital and dynamic capability.Thirdly, through the questionnaire to collect data, empirical research was carried out totest whether the hypotheses and model are reasonable or not. Conclusions were drawed asfollow:(1) accounting firms’ intellectual capital has a significant role in promoting thecompetitiveness. Among them, the human capital and relation capital had directly positiveeffect to competitiveness and relation capital had more effects in competitiveness rather thanthe human capital did; and through human capital and relation capital, structure capitalindirectly affected firms’ competitiveness.(2) Accounting firms’ dynamic capabilities had significant positive effect in their competitiveness. Among them, both reaction ability andinnovation ability had significant direct effect in competitiveness.(3) Accounting firms’dynamic ability had significantly regulatory role on the relationship between intellectualcapital and competitiveness. Among them, reaction ability promoted the relationship betweenintellectual capital and the competitiveness. But innovation ability to a certain extent hadnegative influence on relationship between intellectual capital and the competitiveness.Finally, according to the empirical results, a series suggestion was put forward topromote domestic accounting firms’ competitiveness.