caa a22 4500 605484104 CHVBK 20210128100434.0 cr unu---uuuuu 210128e20150801xx s 000 0 eng 10.1007/s10551-014-2339-9 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2339-9 Wang Mao-Chang Department of Accounting, Chinese Culture University, 55, Hwa Kang, Road, 11114, Taipei, Taiwan aut Value Relevance of Tobin's Q and Corporate Governance for the Taiwanese Tourism Industry [Elektronische Daten] [Mao-Chang Wang] For knowledge- and invention-based industries, scholars have introduced the firm value, which is composed of traditional financial capital and intangible intellectual capital, and Tobin's Q, which is the commonly used approach for intellectual capital valuation. Scholars have thus evaluated firm valuation appropriately by considering corporate governance. This study applies the multi-regression model to present a discussion on the value relevance of intellectual capital and corporate governance concerning the tourism industry in Taiwan. The results show that intellectual capital is positively related to firm valuation, and that corporate governance influences the positive relationship between intellectual capital and firm valuation. The tourism industry must focus on intellectual capital and corporate governance. Springer Science+Business Media Dordrecht, 2014 Tobin's Q nationallicence Intellectual capital nationallicence Corporate governance nationallicence Firm valuation nationallicence Tourism industry nationallicence Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 223-230 0167-4544 130:1<223 2015 130 10551 https://doi.org/10.1007/s10551-014-2339-9 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2339-9 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Wang Mao-Chang Department of Accounting, Chinese Culture University, 55, Hwa Kang, Road, 11114, Taipei, Taiwan aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 223-230 0167-4544 130:1<223 2015 130 10551