The purpose of this study is to examine the moderating role of firm size on the relationship between corporate governance (CG) and intellectual capital (IC) efficiency.,The methodology was a pooled data for three years (2012-2014) for 171 listed firms, resulting in 489 observations.,The findings revealed that the inclusion of firm size as a moderating variable has influenced positively only the relationship between CG principles and capital employed efficiency (CEE). Further, the finding showed that the two IC components namely, human capital efficiency and structural capital efficiency, tend to be higher with firms that high level of CG adoption. However, CEE tends to be higher with firms that have lower level of CG adoption. Other finding shows that CG index was significant with the three IC components.,Such information will help the stakeholders, investors, decision-makers, regulators, policymakers and scholars to improve their knowledge about IC. Furthermore, it will be useful for firms to place their priorities regarding the internal system and financial plans for effective and efficient use of CG and IC.

中文翻译：

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公司治理与智力资本之间的关系：公司规模的调节作用

这项研究的目的是检验公司规模对公司治理（CG）和智力资本（IC）效率之间关系的调节作用。该方法是171家上市公司三年（2012-2014）的汇总数据，共进行了489次观察。研究结果表明，将企业规模作为调节变量包括在内，仅对CG原理与资本使用效率（CEE）之间的关系产生了积极影响。此外，研究结果表明，对于具有较高CG采纳率的公司而言，人力资本效率和结构资本效率这两个IC组件往往更高。但是，采用CG较低的公司的CEE往往较高。其他发现表明，CG指数在三个IC组件中均具有显着性。这些信息将帮助利益相关者，投资者，决策者，监管者，政策制定者和学者提高对集成电路的了解。此外，对于公司而言，将其优先事项放在内部系统和财务计划上，以有效和高效地使用CG和IC将很有用。