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
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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
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Posted Content
Reporting Intellectual Capital in Health Care Organizations: Specifics, Lessons Learned, and Future Research Perspectives
TL;DR: The main aim of the present article is to examine the IC reporting model used in a health organization, the Swedish Centre of Molecular Medicine (CMM), with a view to underlining the specifics of IC reporting for health organizations, the lessons learned by analyzing CCM’s IC reporting, and to outline future perspectives for research.
Journal ArticleDOI
Evaluating organisational climate through IC lens: the case of a public hospital
TL;DR: In this article, an action research (AR) project is presented to show how intellectual capital (IC) provides a useful and fresh frame for analysing intangible components of OC and planning initiatives for their effective management.
DissertationDOI
An investigation of the relationship between the intellectual capital components and firm's financial performance
Journal Article
Intellectual Capital and Innovation: A Case Study of a Public Healthcare organisation in Europe
TL;DR: In this paper, Santos-Rodrigues et al. investigated the influence of Intellectual Capital on a public healthcare organization's capability for innovation. But they focused on the human, structural, and relational components of Intellectual capital.
Journal Article
Reporting intellectual capital in health care organizations: specifics, lessons learned, and future research perspectives.
TL;DR: In this article, the authors analyze the concept of intellectual capital (IC) in the health sector sphere by studying the case of a major nonprofit research organization in this sector, which has for some time been publishing IC reports.