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
Analisis pengaruh intellectual capital terhadap market value dan financial performance perusahaan dengan metode value added intellectual coefficient
Farah Margaretha,Arief Rakhman +1 more
TL;DR: In this paper, the authors investigated the relation between the value creation efficiency of firms' intellectual capital and firm's market valuation and financial performance, using 13 manufacturing companies data drawn from Jakarta Stock Exchange (JSX) reporting period 1999-2003 and Pulic's Value Added Intellectual Coefficient (VAIC) as the efficiency measure of three intellectual capital component; capital employed efficiency (VACA), human capital efficiency (VAHU), and structural capital efficiency(STVA) and multiple regression model to examine the relationship between corporate value-creation efficiency and firms' market-to-book
Journal ArticleDOI
Does Intellectual Capital Investment Improve Financial Competitiveness and Green Innovation Performance? Evidence from Renewable Energy Companies in China
TL;DR: Li et al. as mentioned in this paper investigated the impact of intellectual capital (IC) and its components on financial competitiveness and green innovation performance and found that IC has an inverted U-shaped relationship with financial competitiveness.
Journal ArticleDOI
Technological intensity as a moderating variable for the intellectual capital–performance relationship
Journal ArticleDOI
Intellectual capital and bank profitability: New evidence from Vietnam
Tu Le,Dat Tan Nguyen +1 more
TL;DR: The authors empirically examined the impact of intellectual capital on bank risk-adjusted returns in Vietnam between 2007 and 2019 using the system generalized method of moments (GMM) and found that intellectual capital had a significant impact on risk adjusted returns.
Journal Article
Design of Sustainable Development: Intellectual Value of Large BRIC Companies and Factors of their Growth
Bayburina Elvina,Golovko Tatiana +1 more
TL;DR: In this paper, the authors evaluated the influence of particular components of intellectual capital on the intellectual value of BRIC companies and found that the human capital is the key factor of the long-term growth of all industries.
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