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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Determinants of the valuation of intangible assets ? a contrast between Taiwanese and American IC design houses
TL;DR: Research to understand how US and Taiwan IC design houses evaluate their intangible assets, and what factors drive the value suggests that US design houses are more long-term focused in their operations than their Taiwanese counterparts.
Journal ArticleDOI
Exploring intellectual capital disclosure as a mediator for the relationship between IPO firm-specific characteristics and underpricing
TL;DR: In this article, the authors examined the direct and indirect impact of firm-specific characteristics on the level of underpricing among Malaysian initial public offerings (IPOs) among 331 firms underwent listing between 2002 and 2008.
Journal ArticleDOI
A strategic approach to knowledge development and protection
TL;DR: In this article, the authors examined whether a more measured, strategic approach might be appropriate, particularly whether knowledge development and protection needs vary by type of industry, and developed a categorization of the competitive conditions facing firms in these industries.
Journal ArticleDOI
Intellectual Capital and Profitability: Evidence from Indian Pharmaceutical Sector:
TL;DR: In this paper, the authors proposed that it is imperative for all stakeholders to have an understature of Intellectual Capital (IC) in order to enhance the firms' value and gain competitive advantage in the developed world.
National Intellectual Capital: Concept and Measurement
TL;DR: In this paper, the authors have proposed several IC models for a national level to identify economic effects and instrument inter-nation comparative analyses, but the potential flaws for their validity are primarily hidden in specifity of emergence and development of NIC approach that has been replicated from micro studies and not conceptualized yet.
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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