Journal ArticleDOI
Performance of intellectual capital in Indian healthcare sector
TLDR
In this paper, an extended and modified version of the Value Added Intellectual Coefficient (VAIC) model has been presented, where relational capital has been added as a new variable.Abstract:
Measurement of intellectual capital efficiency and its impact on the financial performance of companies is a commonly researched domain. A significant section of researchers have used the Value Added Intellectual Coefficient (VAIC™) model – an accounting data-based measurement model, for this purpose. However, the contemporary literature criticises this model for non-inclusion of relational capital and perfect interdependency between intellectual capital components. This study addresses these shortcomings by presenting an extended and modified version of the VAIC™ model. Relational capital has been added as a new variable. This new model has been tested on the healthcare firms of India. A comparative analysis of the two models has also been done. Regression results do not encourage the inclusion of relational capital in VAIC™. During comparative study, the coefficient of determination values suggest that the proposed model may be preferred over VAIC™ for all the three performance variables – return on assets, return on equity and return on sales. These findings have academic as well as practical implications.read more
Citations
More filters
Journal ArticleDOI
Intellectual capital and firm performance: an extended VAIC model
TL;DR: In this paper, an extended and modified value-added (VA) intellectual coefficient (VAIC) model was proposed to explore the relationship between IC and firm performance for Turkish manufacturing firms on a more detailed level.
Journal ArticleDOI
Value that matters: intellectual capital and big data to assess performance in healthcare. An empirical analysis on the European context
TL;DR: A data-driven model is proposed that presents new approach to IC assessment, extendable to other economic sectors beyond healthcare, and challenges the views of knowledge sharing deeply held inside organizations by creating “new value” developed through a more collaborative and permeated approach.
Journal ArticleDOI
Nexus between intellectual capital and profitability with interaction effects: panel data evidence from the Indian healthcare industry
TL;DR: In this paper, the authors explored the relationship between intellectual capital and profitability of healthcare firms in India and found that the intellectual capital is an important driver of corporate performance, and that corporates and governments in developing economies should stimulate investments in developing intellectual capital for enhanced corporate performance and economic growth.
Journal ArticleDOI
Modified value-added intellectual coefficient (MVAIC) and traditional financial performance of Indonesian biggest companies
TL;DR: In this article, the authors examined the influence of intellectual capital performance measured with modified value added intellectual coefficient (MVAIC) to four traditional financial performances: return on assets, return on equity, market to book value and price earnings ratio.
Journal ArticleDOI
Implementing integrated reporting to disclose intellectual capital in health organisations: a case study
TL;DR: In this article, a case study aimed at implementing the International Integrated Reporting Framework (IIRF) in an Italian non-profit healthcare organization is presented, where an adjusted version of IIRF is suggested, highlighting the role played by IC in the organizational business model and in the value creation process.
References
More filters
Journal ArticleDOI
Exploring intellectual capital in hospitals: two qualitative case studies in Italy and Austria
Michael Habersam,Martin Piber +1 more
TL;DR: In this paper, the relevance and awareness of intellectual capital (IC) in hospitals is explored based on two qualitative case studies, one in the Veneto region, Italy, and another in the Tyrol region, Austria, which contributes to a better understanding of IC.
Journal ArticleDOI
'Where is the public health sector?' Public and private sector healthcare provision in Madhya Pradesh, India
Ayesha De Costa,Vinod K. Diwan +1 more
TL;DR: The paper empirically demonstrates the dominant heterogeneous private health sector and the overall the disparity in healthcare provision in rural and urban areas and argues for a new role for the public health sector.
Journal ArticleDOI
Intellectual capital and performance indicators: Taiwanese healthcare sector
TL;DR: This exploratory study aims to investigate how hospitals view the importance of intellectual capital and performance in the healthcare sector, and identifies the elements and relative importance in the Taiwanese healthcare industry.
Journal ArticleDOI
A multi-level examination of quality-focused human resource practices and firm performance: evidence from the US healthcare industry
TL;DR: In this paper, the authors empirically examined the relationship between quality-focused human resource practices (QHRP) and organizational performance outcomes and found that two measures of QHRP, knowledge management and strategic management, were positively related to the financial performance of firms implementing quality management.
Journal ArticleDOI
Intellectual capital performance in the case of Romanian public companies
TL;DR: In this article, the authors identify the intellectual capital (IC) performance of the Romanian companies, empirically examine the association between IC performance and traditional corporate performance and analyse the relative importance of various components of IC on the company's performance.