Intellectual capital and traditional measures of corporate performance
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Cites background from "Intellectual capital and traditiona..."
...Consequently, the ability to apply alternative IC measures consistently across large and diversified samples for comparative analysis is diminished (Firer and Williams, 2003)....
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550 citations
499 citations
Cites background or methods or result from "Intellectual capital and traditiona..."
...The use of the above measurement methodology is argued to provide certain advantages (Bontis, 1999; Chen et al. 2005; Firer and Williams, 2003; Pulic and Bornemann, 1999; Roos et al., 1997; Sullivan, 2000):...
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...Since results of the present study and results found in similar studies that were conducted in other countries and/or time periods (Chen et al., 2005; Firer and Williams, 2003; Mavridis and Kyrmizoglou, 2005) are quite contradictory, it appears that the effect of IC on business success is not yet fully explained....
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...…results of the present study and results found in similar studies that were conducted in other countries and/or time periods (Chen et al., 2005; Firer and Williams, 2003; Mavridis and Kyrmizoglou, 2005) are quite contradictory, it appears that the effect of IC on business success is not yet…...
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...Firer and Williams (2003), in a study conducted on South Africa, also failed to identify such an argument, while Chen et al. (2005), succeeded in identifying a relationship between IC, market value and financial performance in the Taiwanese economy....
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...Firer and Williams (2003) used the VAIC approach to measure the relationship between IC and traditional measures of corporate MIBES Transactions, Vol 5, Issue 1, Spring 2011 61 companies, but the empirical results failed to support any relationship between the three value added efficiency…...
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483 citations
Cites background or methods or result from "Intellectual capital and traditiona..."
...However, in order to constitute a sustained competitive advantage, and therefore a determinant of financial performance, Riahi-Belkaoui (2003) and Firer and Williams (2003) assumed that IC, as well as the physical and financial capital employed, is used in an effective and efficient way....
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...Ratio of the total market capitalization (share price times number of outstanding common shares) to book value of net assets, used as a proxy for stock market performance (Sougiannis, 1994; Firer and Williams, 2003; Cazavan-Jeny, 2004)....
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...Ratio of the earnings before interest and taxes divided by book value of total assets, used as a proxy for financial performance (Firer and Williams, 2003; Chen et al., 2005; Shiu, 2006)....
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...In contrast with previous studies which examined only a single sector (Firer and Williams, 2003; Pulic, 2004; Shiu, 2006), the originality of our study consists in the examination of all sectors....
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...However, the studies of Firer and Williams (2003) and Shiu (2006) provided generally limited and mixed results....
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References
10,163 citations
"Intellectual capital and traditiona..." refers background in this paper
...Developing intuitive research propositions Donaldson and Preston (1995) argue that since Adam Smith the dominant view of the firm is that it obtains its resources from investors, employees and suppliers to produce goods and services for its customers....
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