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
Investigating market value and intellectual capital for S&P 500
TL;DR: In this paper, the authors examined the relationship between IC and company market value in the US Standard & Poor's 500 (US S&P 500) publicly traded electronic companies from 1996 to 2005.
Journal Article
Intellectual Capital and Corporate Performance of Technology-Intensive Companies: Malaysia Evidence
Kin Gan,Zakiah Saleh +1 more
TL;DR: In this paper, the authors examined the association between Intellectual Capital (IC) and corporate performance of technology-intensive companies listed on Bursa Malaysia by investigating whether value creation efficiency, as measured by Value Added Intellectual Capital(VAICTM), can be explained by market valuation, profitability, and productivity.
Journal ArticleDOI
A European empirical study of the relationship between firms’ intellectual capital, financial performance and market value
Filipe Sardo,Zélia Serrasqueiro +1 more
TL;DR: In this article, a large sample of non-financial listed firms belonging to 14 countries in Western Europe, for the period between 2004 and 2015, was investigated using the GMM system (1998) dynamic estimator and the effect of lagged explanatory variables on firm's financial performance and market value.
Journal ArticleDOI
Impact of intellectual capital on corporate performance: evidence from the Arab region
TL;DR: In this paper, the authors provided insights into the relationship between intellectual capital and corporate performance among Arab companies and challenged the validity of the Value Added Intellectual Coefficient (VAIC) as a measure of IC contribution to performance.
Journal ArticleDOI
Value added intellectual coefficient (VAIC)
TL;DR: In this paper, the authors investigated the strengths and weaknesses of the value added intellectual coefficient (VAIC), introduced by Pulic as a measure of intellectual capital efficiency (ICE), and compared the results of this methodological test with those obtained by those who have criticized Pulic's proposal, in order to check for any concordance or discordance with the literature.
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