Corporate governance and intellectual capital

Alizadeh, Rahmat; Chashmi, Seyed Ali Nabavi; Bahnamiri, Asghar Jahani

doi:10.5267/j.msl.2013.11.014

Cited by 16 publications

(14 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Similarly, NEXD has a positive and significant relationship with HCE, SCE and RCE value of the IBs. These results are consistent with (Alizadeh et al, 2014;Kamath, 2019), where they found that NEXD prefers to enhance the value of ICE. Thus, the results are consistent with the stakeholder theory, which explains that board with the majority of NEXDs is in favour to lessen the top management exploitation of shareholders' wealth, and efficient use of IC added the value for the IBs.…”

Section: Resultssupporting

confidence: 90%

“…The function of the AUDC in monitoring the reporting process has been widely discussed in the literature (Chou and Buchdadi, 2017;Mahmudi and Nurhayati, 2015). While some studies found positive and significant relationship (Li et al, 2012;Mahmudi and Nurhayati, 2015), some studies found negative (Alizadeh et al, 2014) and few studies found insignificant relationship (Appuhami and Bhuyan, 2015) of AUDC with ICE. Thus, the current study proposes the following hypothesis to explore this complicated relationship in IBs.…”

Section: Audit Committee (Audc)mentioning

confidence: 99%

See 1 more Smart Citation

The influence of corporate governance on intellectual capital efficiency: evidence from Islamic banks of OIC countries

Aslam

Haron

2020

AJAR

View full text Add to dashboard Cite

PurposeThe purpose of this study is to examine the impact of corporate governance (CG) on intellectual capital efficiency (ICE) in Islamic banks (IBs) of Organisation of Islamic Cooperation (OIC) countries.Design/methodology/approachA sample of 129 IBs is drawn from the 29 OIC countries from 2008 to 2017. A two-step system of the generalised method of moments has been employed to account for the unobserved endogeneity and heteroscedasticity issue that arose due to time-variant and time-invariant variables.FindingsThe results revealed that CG measures, namely board size, non-executive directors do explain the extent and quality of ICE in the expected direction. In contrast, CEO duality, Shariah board and audit committee are negatively associated with the ICE. Moreover, the authors observed that male CEO in IBs has negative, but foreign ownership has a positive association with ICE in determining the extent of ICE in IBs. This study contributes specifically to the stakeholder theory and the literature of ICE and CG.Research limitations/implicationsThe findings of the study provide insight into how a larger board can overcome skill deficiency and how making more investment in ICE would help to enhance productivity. Hence, bank managers, regulators, policymakers and shareholders have strong interest in designing the appropriate CG structure to develop ICE in banks.Originality/valueThis is one of the few studies which provide empirical evidence of CG mechanism to boost the ICE in the perspective of IBs of the OIC countries.

show abstract

Section: Resultssupporting

confidence: 90%

Section: Audit Committee (Audc)mentioning

confidence: 99%

The influence of corporate governance on intellectual capital efficiency: evidence from Islamic banks of OIC countries

Aslam

Haron

2020

AJAR

View full text Add to dashboard Cite

show abstract

“…Corporate governance plays an essential role in making important investment decisions. Various studies regarding the impact of corporate governance on different categories such as IC (Alizadeh et al , 2014) have been conducted over the years. Corporate governance encompasses how organizational structures are managed by companies on the aspects of culture, policies, strategies and ways of dealing with different stakeholders (Barrett, 2002).…”

Section: Introductionmentioning

confidence: 99%

The nexus between corporate governance and intellectual capital in Vietnam

Tran

Van

2020

JABS

View full text Add to dashboard Cite

Purpose This paper aims to examine the relationship between corporate governance and intellectual capital in the context of Vietnam. In this paper, corporate governance is proxied by various characteristics, including board size, a number of independent members in the board, board remuneration, major shareholder holding more than 20 per cent of the outstanding shares and duality of the CEO. In addition, intellectual capital is measured using the modified value-added intellectual coefficient model (MVAIC). Design/methodology/approach The study uses data of 45 Vietnamese listed firms during 2011-2018. The MVAIC model is used incorporating four components, namely, human capital, structural capital, capital used and relational capital. In addition, GMM regression technique is used in this paper. Findings Empirical findings from this paper indicate that key characteristics of corporate governance, except for board remuneration, may provide a negative effect on the efficient use of intellectual capital. Research limitations/implications Intellectual capital emerges as a new field of research that has not been widely examined in emerging countries such as Vietnam. As such, there have not been many studies focusing on understanding intellectual capital and its role in the performance of enterprises. Further studies can evaluate the relationship between intellectual capital and corporate performance, capital structure, corporate value and social responsibility. This study is limited to listed companies in Vietnam because of data limitations in an emerging market. Studies in the future should extend the sample and/or compare differences between manufacturing enterprises and financial institutions, or between countries. Practical implications Findings from this paper provide a valuable framework for executives, managers and policymakers in managing corporate governance and intellectual capital within the Vietnamese context. Originality/value To the best of the authors’ knowledge, this is the first empirical study that has been conducted to examine the relationship between corporate governance and intellectual capital in the context of Vietnam.

show abstract

“…There have been a number of methodological frameworks developed as well as empirical examinations on IC. A number of studies have examined the effect of IC on firm performance (Firer & Williams, 2003;Goh, 2005;Kamath, 2007;Riahi-Belkaoui, 2003), corporate governance (Abeysekera, 2010;Al-Musalli & Ismail, 2012;Alizadeh, Chashmi, & Bahnamiri, 2014;Keenan & Aggestam, 2001;Li, Pike, & Haniffa, 2008;Makki & Lodhi, 2014), corporate social responsibility (Aras, Aybars, & Kutlu, 2011;Musibah & Alfa, 2013) and market value (Chen, Cheng, & Hwang, 2005;Maditinos, Chatzoudes, Tsairidis, & Theriou, 2011;Nimtrakoon, 2015;Sharma, 2018) among others. In spite of the increasing research into these relationships, there is little evidence on the determinants of IC.…”

Section: Introductionmentioning

confidence: 99%

The Determinants of Intellectual Capital Performance of Banks in Ghana: an Empirical Approach.

Duho¹,

Onumah²

2019

Preprint

View full text Add to dashboard Cite

The objective of the study is to examine the variables that determine intellectual capital performance (ICP) of Ghanaian banks. The study applies the Value Added Intellectual Coefficient (VAIC™) model to estimate the ICP of banks, the data envelopment analysis technique to compute the technical efficiency (TE), and cost efficiency (CE) scores while ratio analysis is used to proxy the other variables. The study used an unbalanced panel data of 29 banks over the period 2000-2014 and the panel corrected standard error (PCSE) regression model is used so as to account for heteroscedasticity. Generally, the significant determinants of ICP are research and development investment (R&D), the efficiency of investment in human capital (HCInv), leverage, operational risk, insolvency risk (IR), diversification and return on asset (ROA). R&D, IR and ROA have a significant positive impact on ICP. HCInv and leverage have a significant negative effect on ICP. Diversification significantly enhances ICP but barriers to entry lower ICP. Size and TE negatively affect ICP while CE weakly but positively determines ICP. Bank of Ghana's policy to increase the minimum capital requirement is a good one and will reap the benefit of having a stable, stronger and resilient banking industry which strive for value creation. Banks should consider diversifying their operations so as to increase value. This can easily be done well if R&D is at the core of their operations. Bank managers should factor pricing decisions (strategies) in their attempt to increase value added.

show abstract

Corporate governance and intellectual capital

Cited by 16 publications

References 11 publications

The influence of corporate governance on intellectual capital efficiency: evidence from Islamic banks of OIC countries

The influence of corporate governance on intellectual capital efficiency: evidence from Islamic banks of OIC countries

The nexus between corporate governance and intellectual capital in Vietnam

The Determinants of Intellectual Capital Performance of Banks in Ghana: an Empirical Approach.

Contact Info

Product

Resources

About