IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v9y2021i14p1676-d595787.html
   My bibliography  Save this article

A Hybrid Multiple Criteria Decision-Making Technique to Evaluate Regional Intellectual Capital: Evidence from China

Author

Listed:
  • Chao Liu

    (School of Business, Shandong University, Weihai 264209, China)

  • Kexin Li

    (School of Business, Shandong University, Weihai 264209, China)

  • Peng Jiang

    (School of Business, Shandong University, Weihai 264209, China)

  • Ding Li

    (School of Political Science and Public Administration, Shandong University, Qingdao 266237, China
    School of Culture and Communication, Shandong University, Weihai 264209, China)

  • Liping Su

    (School of Business, Shandong University, Weihai 264209, China)

  • Shuting Lu

    (School of Business, Shandong University, Weihai 264209, China)

  • Anni Li

    (School of Business, Shandong University, Weihai 264209, China)

Abstract

With the dawn of economic globalization and the knowledge economy, intellectual capital has become the most important factor to determine economic growth. However, due to resource endowment, location conditions, policy differences, and other factors, provinces in China show sizeable differences in regional intellectual capital (RIC), which affects the coordinated development of the regional economy. Evaluating RIC is a typical multiple-criteria decision-making (MCDM) problem. Therefore, this study employs a set of MCDM techniques to solve this problem. First, the Delphi method is used to determine the formal decision structure based on a systematic literature review. A novel hybrid method, namely, the Grey-based Decision-Making Trial and Evaluation Laboratory (DEMATEL) and Analytic Network Process (ANP), i.e., GDANP, is employed to obtain the relative weight of each criterion. Finally, based on the data of 31 provinces in China, the Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) is used to evaluate the RIC. According to the questionnaires filled out by an expert panel, we establish an evaluation index of RIC with 21 criteria. Based on the results of empirical study, the level of RIC in different regions in China is quite different. Furthermore, the RIC ranking is largely consistent with the provincial gross domestic product (GDP) ranking, in line with the current status of development in the regions. Indeed, this paper shows that the proposed hybrid method can effectively measure the level of RIC.

Suggested Citation

  • Chao Liu & Kexin Li & Peng Jiang & Ding Li & Liping Su & Shuting Lu & Anni Li, 2021. "A Hybrid Multiple Criteria Decision-Making Technique to Evaluate Regional Intellectual Capital: Evidence from China," Mathematics, MDPI, vol. 9(14), pages 1-39, July.
    • Handle: RePEc:gam:jmathe:v:9:y:2021:i:14:p:1676-:d:595787
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/9/14/1676/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7390/9/14/1676/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. José Luis Alfaro Navarro & Víctor Raúl López Ruiz & Domingo Nevado Pena, 2013. "A theoretical intellectual capital model applied to cities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(34), pages 455-468, June.
    2. I-Shuo Chen & Jui-Kuei Chen, 2013. "Present and future: a trend forecasting and ranking of university types for innovative development from an intellectual capital perspective," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(1), pages 335-352, January.
    3. Grażyna Michalczuk & Iwona Skrodzka & Julita Paszko, 2019. "National Intellectual Capital in European Union Countries in 2013-2017," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 115-125.
    4. Mark A. Youndt & Mohan Subramaniam & Scott A. Snell, 2004. "Intellectual Capital Profiles: An Examination of Investments and Returns," Journal of Management Studies, Wiley Blackwell, vol. 41(2), pages 335-361, March.
    5. N/A, 2004. "Index for 2004," European Union Politics, , vol. 5(4), pages 511-512, December.
    6. Maria Markhaichuk & Irina Zhuckovskaya, 2019. "The spread of the regional intellectual capital: the case of the Russian Federation," Oeconomia Copernicana, Institute of Economic Research, vol. 10(1), pages 89-111, March.
    7. Carol Yeh-Yun Lin & Leif Edvinsson, 2011. "National Intellectual Capital," Springer Books, Springer, number 978-1-4419-7377-1, March.
    8. Driss Tsouli & Bouchra Elabbadi, 2018. "Intellectual Capital of Africa: Comparison of the Five Most Competitive Countries," Business and Economic Research, Macrothink Institute, vol. 8(2), pages 71-84, June.
    9. Carol Yeh-Yun Lin & Leif Edvinsson, 2012. "National intellectual capital model and measurement," International Journal of Knowledge-Based Development, Inderscience Enterprises Ltd, vol. 3(1), pages 58-82.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sujuan Wang & Xiaonan Lin & Honggen Xiao & Naipeng Bu & Yanan Li, 2022. "Empirical Study on Human Capital, Economic Growth and Sustainable Development: Taking Shandong Province as an Example," Sustainability, MDPI, vol. 14(12), pages 1-22, June.
    2. Yang Li & Guoyan Zhao & Pan Wu & Ju Qiu, 2022. "An Integrated Gray DEMATEL and ANP Method for Evaluating the Green Mining Performance of Underground Gold Mines," Sustainability, MDPI, vol. 14(11), pages 1-17, June.
    3. Shunkun Yu & Yuqing Song, 2022. "Organizational Performance Evaluation of Coal-Fired Power Enterprises Using a Hybrid Model," Energies, MDPI, vol. 15(9), pages 1-18, April.
    4. Changlu Zhang & Jian Zhang & Qiong Yang, 2022. "Identifying Critical Risk Factors in Green Product Certification Using Hybrid Multiple-Criteria Decision-Making," Sustainability, MDPI, vol. 14(8), pages 1-17, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michalczuk Grażyna & Fiedorczuk Julita, 2018. "National Intellectual Capital Taxonomy," Economics and Business, Sciendo, vol. 32(1), pages 89-101, May.
    2. Grażyna Michalczuk & Iwona Skrodzka & Julita Paszko, 2019. "National Intellectual Capital in European Union Countries in 2013-2017," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 115-125.
    3. Virginija Januškaitė & Lina Užienė, 2018. "Intellectual Capital as a Factor of Sustainable Regional Competitiveness," Sustainability, MDPI, vol. 10(12), pages 1-18, December.
    4. Cristian Silviu BANACU & Paula Stefania FRUSINOIU, 2018. "The Loss Of Intellectual Capital Due To Drug Addiction Among The Romanian Youth," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 939-944, November.
    5. Irena Macherinskiene & Jogaila Macherinskas & Rasa Aleknavichiute, 2016. "Change of National Intellectual Capital in EU Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 12(4), pages 65-75.
    6. Elisabeth Albertini, 2016. "An inductive typology of the interrelations between different components of intellectual capital," Post-Print hal-02139769, HAL.
    7. Tzu-Yorn KAO & Margad-Erdene SANDUI, 2017. "Process capital of Mongolia: Year 2005-2014," Journal of Economics and Political Economy, KSP Journals, vol. 4(3), pages 302-305, September.
    8. Olunifesi Adekunle Suraj, 2016. "Managing Telecommunications for Development: An Analysis of Intellectual Capital in Nigerian Telecommunication Industry," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 15(01), pages 1-30, March.
    9. Barunik, Jozef & Vacha, Lukas, 2010. "Monte Carlo-based tail exponent estimator," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4863-4874.
    10. Allais, Olivier & Etilé, Fabrice & Lecocq, Sébastien, 2015. "Mandatory labels, taxes and market forces: An empirical evaluation of fat policies," Journal of Health Economics, Elsevier, vol. 43(C), pages 27-44.
    11. Meijerink, Jeroen & Bondarouk, Tanya, 2018. "Uncovering configurations of HRM service provider intellectual capital and worker human capital for creating high HRM service value using fsQCA," Journal of Business Research, Elsevier, vol. 82(C), pages 31-45.
    12. M. Ionita & P. Scholz & S. Chelcea, 2016. "Assessment of droughts in Romania using the Standardized Precipitation Index," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(3), pages 1483-1498, April.
    13. Sakinah Mat Zin & Ahmad Azrin Adnan & Iskandar Hasan Abdullah, 2017. "How Can Ibn Khaldun’s Economic Philosophy Revive the Intellectual Capital of Entrepreneurs," Asian Social Science, Canadian Center of Science and Education, vol. 13(6), pages 164-164, June.
    14. Govind, Ajit & Chen, Jing Ming & Bernier, Pierre & Margolis, Hank & Guindon, Luc & Beaudoin, Andre, 2011. "Spatially distributed modeling of the long-term carbon balance of a boreal landscape," Ecological Modelling, Elsevier, vol. 222(15), pages 2780-2795.
    15. Cherchye, Laurens & Knox Lovell, C.A. & Moesen, Wim & Van Puyenbroeck, Tom, 2007. "One market, one number? A composite indicator assessment of EU internal market dynamics," European Economic Review, Elsevier, vol. 51(3), pages 749-779, April.
    16. Sandy Tubeuf & Marc Perronnin, 2008. "New prospects in the analysis of inequalities in health: a measurement of health encompassing several dimensions of health," Health, Econometrics and Data Group (HEDG) Working Papers 08/01, HEDG, c/o Department of Economics, University of York.
    17. Rengui Jiang & Jiancang Xie & Hailong He & Jungang Luo & Jiwei Zhu, 2015. "Use of four drought indices for evaluating drought characteristics under climate change in Shaanxi, China: 1951–2012," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 75(3), pages 2885-2903, February.
    18. Atif Bilal & Wisal Ahmad, 2019. "Impact of Team Goal Orientation and Information Exchange on Creativity and Innovation in Advertising Creative Teams of Pakistan," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 11(1), pages 145-160, March.
    19. von den Driesch, Till & Eva Susanne da Costa, Maika & Christina Flatten, Tessa & Brettel, Malte, 2015. "How CEO experience, personality, and network affect firms' dynamic capabilities," European Management Journal, Elsevier, vol. 33(4), pages 245-256.
    20. Olga Alipova & Lada Litvinova & Andrey Lovakov & Maria Yudkevich, 2018. "Inbreds And Non-Inbreds Among Russian Academics: Short-Term Similarity And Long-Term Differences In Productivity," HSE Working papers WP BRP 48/EDU/2018, National Research University Higher School of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:9:y:2021:i:14:p:1676-:d:595787. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.