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부가가치지적계수(VAIC) 활용 제약산업의 누적맴퀴스트지수(CMI) 분석
Author
노신규, 신연수, 서충원
Journal Title
무역연구
Publication Year
2018
Topics
Summary
This study analyzed the efficiency of pharmaceutical companies using intellectual capital as an input variable and total asset return and book-to-market ratio as output variables. Utilizing the cumulative Malmquist index to estimate productivity change from 2009, and panel regression analysis, the results showed that efficiency doubled from 2009 to 2016, with growth driven more by the efforts of pharmaceutical companies than by technological change.
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