The analysis of Casual Relationship between Intellectual Capital and Performance in R&D Organizations

Purpose The purpose of this paper is to analyse the impact of intellectual capital (IC) on the reputation and performance of Italian companies. Design/methodology/approach The paper exploits a unique data set of 452 non-listed companies that obtained a reputational assessment from the Italian Competition Authority (ICA). To test the hypotheses, this study implemented several regression analyses. Findings Results support the argument that human capital efficiency is a key driver of corporate reputation. Findings also reveal that companies, which obtained reputational rating under ICA scrutiny, show a positive relationship between IC elements and various measures of financial performance. Research limitations/implications The study focuses on a single country; it is not free from the imprecisions of Pulic’s VAIC model. Practical implications This paper recommends companies that are interested to achieve a robust reputation should consider the human capital as a strategic intangible asset. Second, the results suggest that companies with an ICA reputational rating are able to leverage their intangibles to potentiate performance and competitiveness. Originality/value This is the first empirical investigation on the contribution of IC in generating value for corporate reputation. Additionally, the study contributes to the literature on the link between IC and performance by examining a sample of firms not yet explored in prior research.

Download Full-text

INTELLECTUAL CAPITAL, FINANCIAL CRISIS AND PERFORMANCE OF ISLAMIC BANKS: DOES SHARIAH GOVERNANCE MATTER?

International Journal of Business and Society ◽

10.33736/ijbs.497.2017 ◽

2017 ◽

Vol 18 (1) ◽

Cited By ~ 2

Author(s):

Tasawar Nawaz

Keyword(s):

Financial Crisis ◽

Intellectual Capital ◽

Economic Performance ◽

Islamic Banks ◽

Knowledge Resources ◽

Finance Industry ◽

Before And After ◽

And Performance ◽

Shariah Governance ◽

The Impact

This paper empirically examines the impact of intellectual capital (IC) and Shariah governance on economic performance of 47 Islamic banks (IBs) operating in the Gulf Cooperation Council (GCC) region in pre- and post-financial crisis period. The analysis suggests that higher IC efficiency helps IBs to improve their odds of survival at all times i.e. before- and after-crisis. Further, higher IC efficiency helps IBs to maintain their profitability i.e. ROA and market valuation i.e. Tobin’s Q at all times. Arguably, knowledge-resources i.e. IC is the main line of defence for IBs against negative shocks. Lastly, the study reveals that Shariah governance alone may fall short in explaining the growth trends in Islamic finance industry. Keywords: Intellectual Capital; Shariah Governance; Financial Crisis; Islamic Worldview; Economic Performance.

Download Full-text

Intellectual Capital and Firm Performance across Pakistani Industries

Business and Economic Research ◽

10.5296/ber.v11i4.19132 ◽

2021 ◽

Vol 11 (4) ◽

pp. 56

Author(s):

Muhammad Ahmad ◽

Rohani Mohd Rus

Keyword(s):

Firm Performance ◽

Intellectual Capital ◽

Value Added ◽

Service Industries ◽

Financial Firms ◽

Generalized Methods Of Moments ◽

Capital Efficiency ◽

And Performance ◽

Methods Of Moments ◽

The Relationship

This study sheds light on the differences in intellectual capital (IC) efficiencies across non-financial sectors in Pakistan and determines the relationship between IC and firm performance. The study used sample of 155 non-financial firms from the manufacturing and service industries of Pakistan for the period 2009-2018. This study contributes to IC research by applying modified value-added intellectual capital (MVAIC) model with relationship to firm performance (return on assets and Tobin’s Q) of Pakistani non-financial firms which was overlooked by the previous researchers. In addition, to deal with endogeneity, the dynamic panel generalized methods of moments regression is applied to test the relationship between IC and performance. Findings provide evidence that different sectors in non-financial industries manage IC components differently. IC increases both market-based performance and accounting-based performance of Pakistani firms. Among all IC components, human capital efficiency is an important determinant of firm performance. The implication can provide help managers and investors to understand the IC to increase the firm performance.

Download Full-text

FORMACIÓN PROFESIONAL CONTINUA: MEGATENDENCIAS, EMPLEABILIDAD Y PERFORMANCE / CONSTANT VOCATIONAL TRAINING : MEGATRENDS, EMPLOYABILITY AND PERFORMANCE

LOGOS ◽

10.21503/log.v3i1.505 ◽

2014 ◽

Vol 3 (1) ◽

Author(s):

Dr. Carlos Bernaola Martínez

Keyword(s):

Intellectual Capital ◽

Knowledge Society ◽

Competitive Advantages ◽

It Professionals ◽

Educational Training ◽

Sociedad Del Conocimiento ◽

Physical Presence ◽

Professional Self ◽

And Performance ◽

Effective Development

RESUMENLos recientes adelantos de la ciencia y tecnología brindan enormes oportunidades para el desarrollo humano; pero el logro de esa potencialidad, está en función de cómo apliquemos dicha tecnología. Es por ello, que el Siglo XXI es definido como la sociedad del conocimiento donde las ventajas competitivas entre países y bloques económicos se darán en función al capital intelectual, a la información y a la tecnología. No solo la velocidad de la creación del conocimiento se ha multiplicado, también se han multiplicado los medios donde conseguir el conocimiento El profesional que no se actualiza en su campo de conocimiento y que no se capacita para el dominio de determinados procedimientos y técnicas que permitan mejorar su formación profesional no tiene posibilidades de desarrollo efectivo en el plano personal, ni en el laboral. Un sujeto que no inicia por sí mismo un proceso de autoformación profesional difícilmente puede llegar a ser autónomo e independiente como persona y como profesional; debido a que la autoformación no nace como iniciativa de un sujeto si no existen en su entorno las condiciones que la incentiven. La tendencia de contratación de personal en las grandes empresas ha migrado a terrenos diferentes, ya no solo contratan al personal por sus habilidades, ahora valoran el conocimiento que posee la persona. Éstos conocimientos solamente son adquiridos, a través de procesos formativos educacionales, con un planeamiento estructurado, sistemático y organizado, siempre y cuando estos conocimientos hayan sido asimilados por el participante; porque en algunas ocasiones, la participación del educando, es solamente con fines curriculares y su presencia física se encuentra equidistante del ambiente educativo., en especial, cuando se tiene la suerte de contar con un empleo permanente.Palabras claves: megatendencias, empleabilidad. ABSTRACTThe recent advances of science and technology offer enormous opportunities to the human development; but the achievement of that potentiality, depends on how we apply this technology. That is why the XXI Century is defined as the knowledge society where the competitive advantages between countries and economic blocks will be given depending on the Intellectual capital, information and technology. The speed of knowledge creation has not only multiplied, but also the means where to get it. Professionals who are not upgraded in their field of knowledge and who are not qualified for the domain of certain procedures and techniques, which allow to improve their professional formation, don’t have possibilities of effective development neither in their personal levels nor working ones. A fellow who doesn’t iniciate a process of professional self-training can hardly become autonomous and independent, as a person and as a professional; although it is necessary to say that the self-training process is not born as initiative of a fellow unless the conditions, that stimulate it, exist in the environment. The recruitment trend in big companies has migrated to different lands, they no longer hire personnel only for their abilities; now they value the knowledge possessed by the person. This knowledge is only acquired, through educational training processes, with a structured, systematic and organized planning, provided this knowledge has been assimilated by the participant; because in some cases, the learners participation is only with curricular purposes and their physical presence is halfway the educational atmosphere., especially, when you are lucky enough to have a permanent job. Key words: megatrends, employability.

Download Full-text

Intellectual Capital and Operational Excellence: An Influential Assessment

International Journal of Mathematical Engineering and Management Sciences ◽

10.33889/ijmems.2020.5.6.081 ◽

2020 ◽

Vol 5 (6) ◽

pp. 1062-1076

Author(s):

Pavitra Dhamija

Keyword(s):

Intellectual Capital ◽

Operations Management ◽

Performance Standards ◽

Sustainable Operations ◽

Future Directions ◽

Behavioural Research ◽

Sustainable Operations Management ◽

And Performance ◽

Operational Excellence ◽

Operational Processes

Competent intellectual capital is one of the most essential wealth that an organization requires in the present era of cutthroat competition. Operations management is nothing but management of operational processes in every big and small organization, and such activities constitute a major chunk of all organizational activities. Therefore, the present work targets to explore the association between intellectual capital and operational excellence, review of already conducted studies in the said area, and future directions through systematic literature review process. A total number of 165 articles provided by Scopus database (2010 to 2019) is used for analysis and interpretation. Bibliometric analysis and network analysis deliver significant clusters (operations management and optimization; intellectual capital and intellectual investment; knowledge management and decision support system; strategic planning and resource allocation; sustainable operations management and performance standards; behavioural research and change management), which is in turn a novel contribution of this article. The study concludes with a proposed conceptual model and key take away for researchers, academicians, and managers.

Download Full-text

ANALYSIS OF RELATIONSHIPS BETWEEN INTELLECTUAL CAPITAL AND MEASUREMENT PERFORMANCE INDICATORS OF THE PHARMACEUTICAL COMPANIES IN TEHRAN STOCK EXCHANGE

Ciência e Natura ◽

10.5902/2179460x19440 ◽

2015 ◽

Vol 37 ◽

pp. 58

Author(s):

Hadi Kord Javadi ◽

Zahra Kohandel ◽

Khadije Fardi

Keyword(s):

Performance Measurement ◽

Intellectual Capital ◽

Stock Exchange ◽

Statistical Significance ◽

Value Added ◽

Two Dimensions ◽

Pharmaceutical Companies ◽

Statistical Population ◽

And Performance ◽

Spearman Test

http://dx.doi.org/10.5902/2179460X19440Intellectual Capital is the most precious possession of companies in modern economy; therefore, Intellectual Capital of industrial centers is ever-increasingly changing to become the chief indicators both in company operations and in improving its ability to manage the organization capitals. In the main, the current study aims to investigate the relationship between the Intellectual Capital and performance measurement. In this research, the independent variable is the intellectual capital having three dimensions of human, structure and physical capitals, and the dependent variable is the organization operation with two dimensions of economical and accounting which are going to be assessed in this study. The Statistical population is the pharmaceutical companies admitted in the Tehran Stock Exchange from 1387 to 1391 amounting to 30 companies in total. This research investigates the time span from the beginning of 1387 up to the end of year, 1391. Data relevant to variables has been collected by the software of the Stock Exchange. The collection of data has been carried out by means of SPSS. In this study, the researcher used the descriptive and inferential statistics (Spearman test) and the results show that the hypotheses are a s follows 1. There is statistical significance between intellectual capital and performance measurement, 2. There is no statistical significance between the intellectual capital and ROR of the owners’ salary, 3. There is no statistical significance between the intellectual capital and the ROR of the properties, 4. There is statistical significance between the intellectual capital and the value added of the market, 5. There statistical significance between the intellectual capital and economic value added.

Download Full-text