Stochastic frontier modelling of working capital efficiency across Europe

Afrifa, Godfred Adjapong; Tingbani, Ishmael; Adesina, Oluseyi Oluseun

doi:10.1016/j.techfore.2022.122012

Cited by 4 publications

(1 citation statement)

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“…This study tries to expand the scope of the relationship between intellectual capital and company performance by using a research model developed by (Farzaneh et al, 2022) combining the perspectives of intellectual capital and value creation based on resources based theory and the concept of input -process -output. (Afrifa et al, 2022) used three components of intellectual capital, namely human capital, structured capital and capital employed, each of which is proxied as value-added human resources, efficient operating processes, capacity for innovation and the cost of maintaining relationships with customers. Then to look for interactions and relationships between components of intellectual capital which ultimately affect company performance, a measurement model of intellectual capital and structural equation modeling (SEM) can be created in which the three components of intellectual capital are analyzed simultaneously.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Intellectual Capital on Financial Company: Empirical Study from Indonesia

Sutisna,

Pasolo,

Sutisman

et al. 2023

daengku j. hum. soc. sci. innov.

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This study examines: 1) The Effect of Value-Added Capital Employed (VACA) on Financial Performance. 2) Effect of value-added human capital (VAHU) on financial performance 3) Effect of Structural Capital Value Added (STVA) on Financial Performance. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2022. The number of companies studied was 41. The sampling technique used was purposive. The type of sample is obtained based on predetermined criteria. The data used is quantitative data obtained in the form of numbers that can be calculated by accessing the IDX.co.id site and the official website of each company. The data analysis technique used is multiple regression analysis. The study results show that: 1) Value Added Capital Employed (VACA) positively and significantly affects financial performance. 2) Value-added human capital (VAHU) has a positive and insignificant effect on financial performance. 3) Structural Capital Value Added (STVA) positively and significantly affects financial performance.

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Section: Introductionmentioning

confidence: 99%