Journal ArticleDOI
Intellectual capital and traditional measures of corporate performance
TLDR
In this paper, the authors investigate the association between the efficiency of value added (VA) by the major components of a firm's resource base (physical capital, human capital and structural capital) and three traditional dimensions of corporate performance: profitability, productivity, and market valuation.Abstract:
The principal purpose of this study is to investigate the association between the efficiency of value added (VA) by the major components of a firm's resource base (physical capital, human capital and structural capital) and three traditional dimensions of corporate performance: profitability, productivity, and market valuation. Data are drawn from a sample of 75 publicly traded firms from South Africa from business sectors heavily reliant on intellectual capital. Empirical analysis is conducted using correlation and linear multiple regression analysis. Findings from the empirical analysis indicate that associations between the efficiency of VA by a firm's major resource bases and profitability, productivity and market valuation are generally limited and mixed. Overall, the empirical findings suggest that physical capital remains the most significant underlying resource of corporate performance in South Africa despite efforts to increase the nation's intellectual capital base.read more
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If You Can Measure It, You Can Manage It: A Case of Intellectual Capital
TL;DR: In this article, the authors make adjustments to an existing model, the Value Added Intellectual Coefficient (VAIC), and present an adjusted-VAIC model to measure Intellectual Capital (IC).
Journal ArticleDOI
The relation of intellectual capital disclosure strategies and market value in two political settings
TL;DR: This paper investigated whether the political setting (civil war versus temporary truce) in a country has an influence on firms' current narrative, visual, and numerical intellectual capital disclosure being included in the current market value of equity.
Journal ArticleDOI
A study of relations between intellectual capital components, market value and finance performance
TL;DR: In this paper, the authors examined the contact of IC components on firms' market value and financial performance and found no conclusive evidence to support a definitive association between IC, as measured by VAIC, and fail most of the hypotheses, and there is just a statistically significant relationship between human capital efficiency and financial performances and M/B.
Intellectual capital efficiency and corporate performance in developing countries: a comparison between islamic and conventional banks of pakistan
TL;DR: In this paper, the authors investigated the relationship between intellectual capital, efficiency of value added (VAIC), and three traditional dimensions of corporate performance: profitability, productivity, and market valuation of Islamic and conventional banks of Pakistan.
Journal ArticleDOI
Intellectual capital and corporate performance: a case of Indian banks
TL;DR: In this paper, the authors explored and explained the linkage between intellectual capital efficiency of banks and their performance and provided evidence of positive association between IC and performance of banks; however, only human capital and structural capital have shown instances of significant positive linkage with banks performance.
References
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Journal ArticleDOI
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more
TL;DR: In this article, the authors examine three aspects of the stakeholder theory and critique and integrate important contributions to the literature related to each, concluding that the three aspects are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.
Book
Intellectual Capital: The New Wealth of Organizations
TL;DR: In this article, the authors argue that knowledge has become the most important fact of economic life and that knowledge is the chief ingredient of what is bought and sold, the raw material people work with.
Journal ArticleDOI
Intellectual capital: an exploratory study that develops measures and models
TL;DR: In this paper, an empirical pilot study that explores the development of several conceptual measures and models regarding intellectual capital and its impact on business performance is presented, which can help both academics and practitioners more readily understand the components of Intellectual Capital and provide insight into developing and increasing it within an organization.
Journal ArticleDOI
Assessing knowledge assets: a review of the models used to measure intellectual capital
TL;DR: A review of the literature pertaining to the assessment of knowledge assets can be found in this article, where a variety of models have surfaced in an attempt to measure IC and this paper aims to highlight their strengths, weaknesses and operationalizations.
Book
Intellectual Capital: Navigating the New Business Landscape
TL;DR: In this paper, the authors present an organizational system that helps managers maximize the flow of intellectual capital in their companies, providing insights gained by leading experts from the practice, research, and consulting side of business management.
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