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Analysis of the Relationship between Intellectual Capital and Firm Performance Based on Enterprise Life Cycle

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DOI: 10.23977/edms.2019.002


Hongjing Zhang, Yuying Ma

Corresponding Author

Hongjing Zhang


As the most important intangible asset of an enterprise, intellectual capital plays an irreplaceable role in improving firm performance. At different stages of enterprise development, the various elements of intellectual capital have different effects on firm performance. Based on the analysis of the characteristics of intellectual capital in different enterprise life cycle stages, this paper uses simple statistical analysis method to describe the differences between intellectual capital and firm performance in different enterprise life cycle stages. Finally, this paper proposes that enterprises can use various resources in a targeted manner according to their life cycle stages, and maximize the effectiveness of the intellectual capital.


Intellectual Capital, Enterprise Life Cycle, Firm Performance

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