Analysis on Financial Value of Relationship Capital —A Case Study of SAIC Motor
- DOI
- 10.2991/icemse-19.2019.157How to use a DOI?
- Keywords
- core competitiveness, financial analysis system, construction
- Abstract
As the recessive financial capital outside the legal organizational structure of enterprises, relationship capital has the characteristics of dynamics, asymmetry and difficulty to measure, which indicates that it is extremely challenging to measure its financial value. Based on the measurement of financial value created by relationship capital, this paper constructs a quantitative index system to measure the financial value of relationship capital by sorting out the existing research literature and systematically summarizing the ways to create financial value of enterprise's relationship capital. Based on the empirical results from SAIC Motor, it is shown that the Tobin Q values of SAIC Motor in the past four years are all greater than 1 and show an increasing trend, that is, their market values are above the book value; Relationship capital is positively correlated with enterprise value. Among them, social and horizontal relationship capital plays a more significant role in promoting enterprise value, followed by vertical relationship capital, horizontal relationship capital and employee relationship capital.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Xiaojun Deng AU - Yixin Wang PY - 2019/09 DA - 2019/09 TI - Analysis on Financial Value of Relationship Capital —A Case Study of SAIC Motor BT - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019) PB - Atlantis Press SP - 680 EP - 683 SN - 2352-5428 UR - https://doi.org/10.2991/icemse-19.2019.157 DO - 10.2991/icemse-19.2019.157 ID - Deng2019/09 ER -