An Empirical Study Of The Relationship Between Regional Intellectual Capital And The Profitability Of Industrial Enterprises In Anhui Province

In twenty-first Century, human society has entered an era dominated by know-ledge. The region’s competitive advantage is increasingly dependent on intellectual capital, such as technology, information, knowledge, procedures and so on. Compared with developed coastal provinces and cities, intellectual capital intensive industry in Anhui province is not yet developed. Through an empirical analysis of the relationship between regional intellectual capital and profitability of industrial enterprises in Anhui Province, this paper aims to reveal the relationship between intellectual capital and profitability of industrial enterprises in Anhui Province. On the basis of this, relevant suggestions are put forward.Firstly, according to the actual situation of Anhui Province, this paper constructs the evaluation index system of regional intellectual capital, including regional human capital, regional structure capital, regional relation capital and regional innovation capital; Then, this paper uses the factor analysis method to calculate the level of regional intellectual capital of Anhui Province from 1995 to 2014 and of 16 cities in Anhui Province in 2014.Results show, from 1995 to 2014, the level of intellectual capital of Anhui province continues to grow generally. In 2014, among 16 cities, Hefei has the highest score of intellectual capital and Bozhou has the lowest score of intellectual capital; finally, this paper makes an empirical study on the relationship between regional intellectual capital and profitability of industrial enterprises in Anhui province. It is found that there is significant correlation between regional intellectual capital and total assets’contribution rate of industrial enterprises and four elements of regional intellectual capital have different effects on profitability of industrial enterprises. According to these, this paper makes some recommendations in order to improve the level regional intellectual capital of Anhui province. Firstly, pay more attention to the development of regional human capital; secondly, coordinate the development of regional intellectual capital’s four elements; thirdly, through kinds of ways, narrow the gap of sixteen cities’ level of intellectual capital gradually; lastly, enhance the regional innovation capability further.