The Impact of Intellectual Capital on Financial Performance of Malaysian Construction Firms
TLDR
In this article, the impact of intellectual capital on financial performance of Malaysian construction firms using value-added intellectual coefficient (VAIC) model was examined and the results showed that VAIC is positive and significantly associated with ROA.Abstract:
The aim of this study is to examine the impact of intellectual capital on financial performance of Malaysian construction firms using value-added intellectual coefficient (VAIC) model. The empirical data were drawn from a panel consisting of 41 construction firms listed in Bursa Malaysia and observed over a five-year period of 2011 to 2015. Two regression models were examined in order to test the hypotheses included in the research framework of the study. Intellectual capital is the independent variable in the study and measured by VAIC, HCE, SCE, CEE and the dependent variable, financial performance, is proxy by ROA. The results show that VAIC is positive and significantly associated with ROA. However, on the components of intellectual capital, only CEE is positive and significantly associated with ROA. The concentration on one industry and the relatively narrow five-year period for data collection were the main limitations of this study. The value of this study is the contribution towards intellectual capital literature by expanding into construction firms and such a research is limited.read more
Citations
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Measures that matter: an empirical investigation of intellectual capital and financial performance of banking firms in Indonesia
TL;DR: In this article, the authors investigated the relationship between intellectual capital and financial performance of the banking industry in Indonesia and provided empirical evidence on the use of the conventional Value-Added Intellectual Coefficient (VAIC) model and the adjusted value-added Intellectual Coefficients (A-VAIC).
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Intellectual Capital, Innovation, and Performance in Construction Contracting Firms
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TL;DR: The accumulation of intangible assets in the form of intellectual capital (IC) has been recognized to be significant for a firm's competitiveness as mentioned in this paper, and the strategic significance of knowledge is recognized.
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Implementing industry 4.0 in the construction industry- strategic readiness perspective
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The mediating role of intellectual capital in corporate governance and the corporate performance relationship
TL;DR: In this article, the impact of intellectual capital (IC) as a mediator variable on the association between corporate governance (CG) practices and firm performance has been investigated, and a bi-causality relationship can be observed between CG and Tobin's Q (TQ).
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Intellectual capital on performance: a meta-analysis study enhancing a new perspective of the components
TL;DR: In this paper, the authors employed a meta-analysis using 81 studies from 2006 to 2020 using bivariate analysis, meta-analytic structure equation modeling (MASEM) and fuzzy-set qualitative comparative analysis (fsQCA) to study IC components on FP and IP.
References
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Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
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Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower
Leif Edvinsson,Michael S. Malone +1 more
TL;DR: In this article, the authors define the concept of intellectual capital as a phrase covering corporate brainpower, information technology, and relationships with customers and suppliers, all of which influence a company's ability to make money.
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An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance
TL;DR: In this paper, the authors investigated empirically the relation between the value creation efficiency and firms' market valuation and financial performance, and found that firms' intellectual capital has a positive impact on market value and financial performances, and may be an indicator for future financial performance.
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Measuring your company's intellectual performance
Göram Roos,Johan Roos +1 more
TL;DR: It is individuals who own and control the knowledge of organizational members, the chief source of competitive advantage Intangible assets often tell one more about the future earnings of the comp as mentioned in this paper.