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
Citations
More filters
Journal ArticleDOI
Intellectual capital in Ugandan service firms as mediator of board governance and firm performance
TL;DR: In this paper, the mediating effect of intellectual capital on the relationship between board governance and perceived firm financial performance was examined, and the mediated model provided support for the hypothesis that intellectual capital mediates the relationship of board governance with perceived firm performance.
Journal ArticleDOI
Intellectual capital efficiency, technological innovation and family management
TL;DR: In this paper, the role played by both human and structural capital efficiency as determinants of achieving technological innovation outputs was investigated by using a matched-pairs design and a conditional logistic regression approach to analyse a sample of 5,304 Spanish firms for the period 2000-2013.
Journal ArticleDOI
Intellectual capital and innovative performance: a mediation-moderation perspective
TL;DR: In this paper, the authors explored central questions related to the connection between intellectual capital (IC) and the innovative performance of organizations through mediating role of management control systems (MCS) and business strategies, as well as the moderating role for innovation capabilities.
Journal ArticleDOI
Measuring the Impact of Intellectual Capital on the Financial Performance of the Finance Sector of India
Abstract: In the current scenario, intellectual capital has been recognised as a vital corporate asset because the conventional performance measurement techniques are incapable of measuring intangible dimensions of corporate performance. It is a challenge, especially for knowledge-driven firms, to measure the impact of intangibles on their financial performance. This study tries to explore the impact of intellectual capital on the financial performance of knowledge-driven firms of India. For conducting the study, Bombay Stock Exchange’s finance index has been taken for a period ranging from 2009 to 2018, and the Value Added Intellectual Coefficient (VAIC™) methodology has been used to measure the intangible aspects of these firms. The results reveal that Value Added Intellectual Coefficient has an insignificant association with the profitability and productivity of the sample companies. While among the components of Value Added Intellectual Coefficient, the capital employed efficiency has a significant positive relationship only with the profitability of the financial sector. In the case of productivity, all the components of intellectual capital have an insignificant effect on the financial companies of India. The SCE remain insignificant for all the financial performance measures, whereas human capital efficiency is substantial only for enhancing the return on assets of the sample companies.
Journal ArticleDOI
Interpreting the dynamic performance effect of intellectual capital through a value-added-based perspective
TL;DR: In this paper, the authors investigated the relationship between changes in intellectual capital (IC) and changes in firm performance using 6,408 firm-year observations of electronics companies listed in Taiwan from 2006 to 2017, and found that IC efficiency and CEE significantly and negatively affect firm performance.
References
More filters
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.
Related Papers (5)
Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower
Leif Edvinsson,Michael S. Malone +1 more