Untitled

doi:10.13165/ie-22-16-2-07

Cited by 2 publications

(1 citation statement)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…As characteristics of the financial performance of industrial companies in Oman (PERF), a number of dependent variables were used, reflecting various aspects of such performance -earnings (Earnings before interest, taxes, depreciation and amortization (EBITDA)), profitability (Return on Assets (ROA), Return on Equity (ROE)), and productivity (Assets turnover ratio (ATO)). These financial performance measures are quite often used by scientists when conducting such studies (Xu & Wang, 2018;Xu & Wang, 2019;Öner et al, 2021;Lehenchuk et al, 2022, Serpeninova et al, 2022. Based on suggestions by Xu and Wang (2019), this paper also uses the logged value of EBITDA.…”

Section: Methodsmentioning

confidence: 99%

The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector

Lehenchuk,

Zaharov,

Vyhivska

et al. 2023

Preprint

View full text Add to dashboard Cite

The purpose of the article is to measure, using the VAIC and MVAIC models, the impact of intellectual capital and its elements on the financial performance of Omani industrial companies listed on the Muscat Stock Exchange (MSE) from 2017 to 2021. Regression analysis using the Gretl software was applied to the study of panel data on the activities of 34 industrial companies in Oman, obtained from the official MSE website and from published financial statements. The analysis of literature sources was carried out using bibliometric analysis, the results of which were visualized using the VOSviewer software. To analyze the relationships between financial performance and its determinants (intellectual capital variables and control variables), four types of PERF models were developed, based on which sixteen models were directly examined. Four dependent variables (Earnings before interest, Taxes, Depreciation and Amortization, Return on Assets, Return on Equity, Assets Turnover Ratio) and eight independent variables (Value Added Intellectual Coefficient, Modified Value Added Intellectual Coefficient, Capital Employed Efficiency, Human Capital Efficiency, Structural Capital Efficiency, Relational Capital Efficiency, Size, and Leverage) were used to form these models. The Empirical Results section has discussed descriptive statistics and correlations, selection of estimate panel data parameter based on the F-statistics, Breusch-Pagan test, and Hausman test, assumption test results (Normality, Autocorrelation, Heteroscedasticity), and panel regression models. Analysis of the impact of VAIC, MVAIC and its elements on the financial performance of Omani industrial companies has yielded mixed results. VAIC and MVAIC in general have a significant positive effect only on ATO. For individual elements of VAIC and MVAIC, the following most significant associations with financial performance measures were found: CEE negatively affects ROE; SCE has a positive effect on l_EBITDA and ATO; RCE negatively affects ATO; l_SIZE has a positive effect on l_EBITDA and ROA; and LEV has a positive effect on ROA.

show abstract

Section: Methodsmentioning

confidence: 99%

The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector

Lehenchuk,

Zaharov,

Vyhivska

et al. 2023

Preprint

View full text Add to dashboard Cite

show abstract

The impact of intellectual capital on company financial performance: Evidence from the Omani industrial sector

Lehenchuk,

Zakharov,

Vyhivska

et al. 2024

Investment Management and Financial Innovations

View full text Add to dashboard Cite

The article aims to investigate, using the VAIC and MVAIC models, the impact of intellectual capital on the financial performance of Omani companies listed on the Muscat Stock Exchange from 2017 to 2021. Regression analysis revealed a significant positive influence of VAIC and MVAIC only on the Asset Turnover Ratio at a 10% significance level. This suggests that an increase in VAIC or MVAIC by one unit could lead to a respective increase in earnings for Omani listed industrial companies by 0.0017 and 0.0016. However, the overall impact of VAIC and MVAIC on financial performance appears limited, necessitating measures for enhanced efficacy. Moreover, company size and leverage were found to significantly influence EBITDA and Return on Assets, suggesting the positive effect of increased activity and resource utilization. Conversely, Return on Customer Equity negatively affected only Asset Turnover Ratio, implying that investments in marketing and advertising may not significantly enhance financial performance. Human Capital Efficiency showed no significant impact on financial performance measures, highlighting the necessity for Omani industrial enterprises to focus on enhancing employee skills and experience for improved value-creation processes. These findings underscore the intricate relationship between intellectual, physical, and financial capital in shaping financial performance, necessitating targeted strategies for enhancement. Further analysis of suggested models indicated the significance of company size on EBITDA, highlighting the importance of scaling activities for performance improvement. VAIC and MVAIC structural elements showed mixed results, while Capital Employed Efficiency negatively affected Return on Equity, Structural Capital Efficiency positively impacted EBITDA and Asset Turnover Ratio.

show abstract

Untitled

Cited by 2 publications

References 13 publications

The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector

The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector

The impact of intellectual capital on company financial performance: Evidence from the Omani industrial sector

Contact Info

Product

Resources

About