Impact of Intellectual Capital on the Financial Performance of Innovation-Driven Pharmaceutical Firms: Empirical Evidence from India

被引：8

作者：

Gupta, Juhi ^{[1
]}

Rathore, Payal ^{[2
]}

Kashiramka, Smita ^{[1
]}

机构：

[1] Indian Inst Technol, Dept Management Studies, New Delhi, India

[2] Univ Illinois, Dept Econ, Champaign, IL USA

来源：

JOURNAL OF THE KNOWLEDGE ECONOMY | 2023年 / 14卷 / 02期

关键词：

VAIC; Intellectual capital; Financial performance; Intangible assets; Pharmaceutical sector; India; CORPORATE PERFORMANCE; BUSINESS PERFORMANCE; BANKS; GROWTH; SECTOR; TOOL;

D O I：

10.1007/s13132-022-00927-w

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper seeks to investigate the nature and intensity of the relationship between intellectual capital (IC) and financial performance using a comparative framework of the VAIC (TM) and e-VAIC (TM) models. Using panel data of listed Indian pharmaceutical companies between 2009 and 2018, the study finds a significant positive relationship between IC and financial performance. Within the components of VAIC, capital employed efficiency has the highest predictive power suggesting that physical resources continue to be the driving source of firm performance. Further, adding relational capital improves the overall performance of e-VAIC (TM) models compared to the VAIC (TM) model.

引用

页码：1052 / 1076

页数：25

共 50 条

[1] Impact of Intellectual Capital on the Financial Performance of Innovation-Driven Pharmaceutical Firms: Empirical Evidence from India
Juhi Gupta
Payal Rathore
Smita Kashiramka
[J]. Journal of the Knowledge Economy, 2023, 14 : 1052 - 1076
[2] Intellectual capital and performance of pharmaceutical firms in India
Vishnu, Sriranga
Gupta, Vijay Kumar
[J]. JOURNAL OF INTELLECTUAL CAPITAL, 2014, 15 (01) : 83 - +
[3] Working capital management, financial performance and growth of firms: empirical evidence from India
Sawarni, Kumar Sanjay
Narayanasamy, Sivasankaran
Chattopadhyay, Subir
Chakrabarti, Prasenjit
[J]. JOURNAL OF INDIAN BUSINESS RESEARCH, 2022, 14 (04) : 361 - 381
[4] INTELLECTUAL CAPITAL, INNOVATION, AND PERFORMANCE: EMPIRICAL EVIDENCE FROM SMEs
Leitner, Karl-Heinz
[J]. INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT, 2015, 19 (05)
[5] Intellectual capital and financial performance: evidence from Chinese retail firms
Chen, Huanzhe
Rahman, Md Jahidur
[J]. INTERNATIONAL JOURNAL OF LEARNING AND INTELLECTUAL CAPITAL, 2023, 20 (04) : 394 - 409
[6] The relationship between intellectual capital, firms' market value and financial performance Empirical evidence from the ASEAN
Nimtrakoon, Sirinuch
[J]. JOURNAL OF INTELLECTUAL CAPITAL, 2015, 16 (03) : 587 - 618
[7] The impact of intellectual capital on firms' market value and financial performance
Maditinos, Dimitrios
Chatzoudes, Dimitrios
Tsairidis, Charalampos
Theriou, Georgios
[J]. JOURNAL OF INTELLECTUAL CAPITAL, 2011, 12 (01) : 132 - +
[8] The Impact of Intellectual Capital Disclosure on Firm Performance: Empirical Evidence from Pharmaceutical and Chemical Industry of Bangladesh
Rahman, Md. Musfiqur
Sobhan, Raihan
Islam, Md. Shafiqul
[J]. JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2020, 7 (02): : 119 - 129
[9] IMPACT OF INTELLECTUAL CAPITAL ON THE FINANCIAL PERFORMANCE OF INDIAN PHARMACEUTICAL COMPANIES
Thanikachalam, V.
Muninarayanappa, M.
Prabakaran, V.
[J]. SMART-JOURNAL OF BUSINESS MANAGEMENT STUDIES, 2018, 14 (02) : 86 - 98
[10] Measuring Intellectual Capital and Its Impact on Financial Performance: Empirical Evidence from CNX Nifty Companies
Tandon, Kamini
Purohit, Harsh
Tandon, Deepak
[J]. GLOBAL BUSINESS REVIEW, 2016, 17 (04) : 980 - 997

← 1 2 3 4 5 →