The impact of market capitalization and intellectual capital efficiency on industrial investment

Abstract

In this study, we analyze the impact of market capitalization practices and intellectual capital efficiency on industrial investment decisions of companies listed on stock exchanges in Vietnam during the period from 2017 to 2022. Using GMM estimates, this study shows that structural capital efficiency, capital employed efficiency, relational capital efficiency, and intellectual capital efficiency have a positive and significant impact on promoting industrial investment decisions of enterprises. In contrast, the results of this study show that there is no clear impact of market capitalization and human capital efficiency on enterprises' industrial investment decisions. This result opens up many suggestions for business leaders