Influence of Intellectual Capital on Performance: An Analysis of IT and Pharmaceutical Firms

被引:11
|
作者
Gupta, Kanishka [1 ]
Raman, T., V [2 ]
机构
[1] Symbiosis Int Univ Deemed, Pune, Maharashtra, India
[2] Amity Univ, Amity Business Sch, Noida, India
关键词
Dynamic Panel Regression; Granger Causality; Human Capital; India; Intellectual Capital; M-VAIC; Structural Capital; PANEL-DATA; CORPORATE PERFORMANCE; EMERGING ECONOMY; TESTS; SPECIFICATION; VAIC(TM); MODELS;
D O I
10.4018/IJHCITP.2021040104
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Intellectual capital (IC) has gained recognition in enhancing the firms' value and gain a competitive advantage in the developed world. The present study examines the impact of IC on firms' financial performance. The study takes 48 companies for the time period of 10 years (2009-2018). The paper has used modified Pulic's value added intellectual coefficient (VAIC) as a proxy to measure IC and return on assets (ROA) to measure firms' financial performance. Granger causality between all the components of IC and ROA has been tested using Dumitrescu-Hurlin test. To analyse the impact, correlation and dynamic panel data regression technique has been applied. The result indicates that overall intellectual capital, human capital, relational capital, process capital, and financial capital have a significant impact on financial performance. On the other hand, innovation capital has no significant relationship with firms' financial performance. The results are helpful for managers, policymakers, government, and investors so that they can properly manage and regulate the IC of their organization.
引用
收藏
页码:53 / 71
页数:19
相关论文
共 50 条
  • [1] Intellectual capital and performance of pharmaceutical firms in India
    Vishnu, Sriranga
    Gupta, Vijay Kumar
    [J]. JOURNAL OF INTELLECTUAL CAPITAL, 2014, 15 (01) : 83 - +
  • [2] The influence of intellectual capital on Indian firms' financial performance
    Weqar, Faizi
    Haque, S. M. Imamul
    [J]. INTERNATIONAL JOURNAL OF LEARNING AND INTELLECTUAL CAPITAL, 2022, 19 (02) : 169 - 188
  • [3] The Influence of Intellectual Capital on the Financial Performance of Spanish New Firms
    Tong, Yehui
    Saladrigues, Ramon
    [J]. MONTENEGRIN JOURNAL OF ECONOMICS, 2023, 19 (02) : 179 - 188
  • [4] Intellectual capital and effect on marketing performance an empirical study in Jordanian pharmaceutical industrial firms
    Almasarweh, Mohammad Salameh
    Alnawaiseh, Mahmoud Barakat
    Alsaraireh, Ahmed Atallah
    Al Wadi, S.
    [J]. ITALIAN JOURNAL OF PURE AND APPLIED MATHEMATICS, 2019, (42): : 954 - 964
  • [5] DOES INTELLECTUAL CAPITAL INFLUENCE FIRMS' FINANCIAL PERFORMANCE? A COMPARATIVE ANALYSIS INTO THREE MALAYSIAN INDUSTRIES
    Mohammad, Hapsah S.
    Bujang, Imbarine
    [J]. INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY, 2019, 20 (01): : 260 - 276
  • [6] The Impact of Intellectual Capital on the Performance of Firms in Nigeria
    Isola, Wakeel Atanda
    Odekunle, Lateef Alani
    Akanni, Lateef Olawale
    [J]. PROCEEDINGS OF THE 13TH INTERNATIONAL CONFERENCE ON INTELLECTUAL CAPITAL KNOWLEDGE MANAGEMENT & ORGANISATIONAL LEARNING (ICICKM 2016), 2016, : 120 - 127
  • [7] The influence of Total Quality Management on firms' intellectual capital
    Ruiz, Emilio
    Sanchez De Pablo, Jesus D.
    Munoz, Rosa M.
    Pena, Isidro
    [J]. SOUTH AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2018, 49 (01)
  • [8] Intellectual Capital, Innovation, and Performance in Construction Contracting Firms
    Duodu, Bismark
    Rowlinson, Steve
    [J]. JOURNAL OF MANAGEMENT IN ENGINEERING, 2021, 37 (01)
  • [9] Intellectual capital and corporate performance in Indian pharmaceutical industry
    Kamath, G. Bharathi
    [J]. JOURNAL OF INTELLECTUAL CAPITAL, 2008, 9 (04) : 684 - +
  • [10] Intellectual capital and business performance in the pharmaceutical sector of Jordan
    Sharabati, Abdel-Aziz Ahmad
    Jawad, Shawqi Naji
    Bontis, Nick
    [J]. MANAGEMENT DECISION, 2010, 48 (1-2) : 105 - 131