The impact of intellectual capital on firm performance: Evidence from Tehran Stock Exchange

Matinfard, Mehran; Khavari, Ali

doi:10.5267/j.msl.2015.8.011

Cited by 11 publications

(8 citation statements)

References 8 publications

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“…CE consists of both the physical and financial capital of the organization. CEE refers to the ability of a firm’s physical and financial capital (tangible assets) in generating value, and it is measured as the ratio of VA to the employed physical and financial capital (Clarke et al , 2011; Matinfard and Khavari, 2015) …”

Section: Research Methods and Sample Selectionmentioning

confidence: 99%

The effect of intellectual capital on firm performance: the mediating role of family management

Bataineh

Abbadi

Alabood

et al. 2022

JIABR

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Purpose This study aims to investigate the effect of intellectual capital components on firms’ performance, and also examines the influence of the mediating role of family management on such a relationship. Design/methodology/approach The hypotheses are tested using structural equation modeling for a sample of 46 Jordanian service listed firms during 2014–2019. Findings The results indicate that intellectual capital efficiency is a key factor that enables firms to achieve higher financial performance and higher market value. Human capital efficiency has a significant positive effect on firms’ profitability as measured by return on assets and earnings per share. No evidence is shown to support that family management has a mediating role on the relationship between intellectual capital and firms’ performance. Practical implications The results indicate strong evidence of the important role of intellectual capital on firm performance. Accordingly, this study recommends that the managers of service firms should continue to enhance and improve the components of intellectual capital, especially investing more in the competencies and capabilities of employees, including their skills, education and training programs to achieve competitive advantage and ensure continued success in the future, and investors to pay special attention to the components of intellectual capital to predict the performance of the firm and be able to choose the best investment opportunities. Originality/value This study provides additional insights into the literature of both intellectual capital and family businesses by analyzing data from an emerging market.

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Section: Research Methods and Sample Selectionmentioning

confidence: 99%

The effect of intellectual capital on firm performance: the mediating role of family management

Bataineh

Abbadi

Alabood

et al. 2022

JIABR

View full text Add to dashboard Cite

show abstract

“…However, when VAIC TM is split into its components, the relationships between these components and bank financial performance indicators vary. Matinfard and Khavari (2015) Relationship between intellect capital components and performance evaluation indicators.…”

Section: Autor Purpose and Methodology Findingsmentioning

confidence: 99%

“…The average values of the performance variables under study are -0.6133 for the ROA variable. Among the VAIC TM components, HCE has the highest mean value (mean=1.5607), indicating the creation of value through human capital of a company, i.e, the additional value created by a monetary unit spent per employee (such as Chan, 2009;Ting & Lean, 2009;Chang & Hsieh, 2011;Al-Musali & Ismail, 2014;Matinfard & Khavari, 2015;González, Calzada & Hernández, 2017;Ozkan, Cakan & Kayacan, 2017;Hasan et al, 2017;Maji & Goswami, 2017;Farrukh & Joiya, 2018). The average values of the SCE is low (about 0.3342).…”

Section: Descriptive Statisticsmentioning

confidence: 99%

Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sector

Costa

Silva

Loureiro

2020

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Purpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluate and compare the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology/approach: To approach the aim of the study the method Value Added Intellectual Coefficient (VAICTM) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance.Findings: The paper reveals that VAICTM, human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE).and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance.Practical implications: The application of the VAICTM model presented in this paper provides a basis for practical application for management.Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and ﬁrm’s proﬁtability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.

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“…The average number of employees per month (X1): The firm size is influential on the relationship between intellectual capital and corporate financial return and performance [15]. The size of a company differentiates the relationship between a capital structure and the growth of debt much stronger on emerging than on developed ones [16].…”

Section: Identification Of Input Variablesmentioning

confidence: 99%

Performance Evaluation of Vietnamese Apparel Enterprises: An Application of DEA Approach

Trang

Hung

Luong

2021

Wseas Transactions on Business and Economics

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A continued robust growth of Vietnamese apparel enterprises has showed that they do notplay the auxiliary but the main role in the national industry. However, in general, the apparel industryin Vietnam has not met the practical requirements. In order to provide overall performance evaluationand how to achieve efficiency systematically, this study utilizes DEA approach to determine theperformance levels of 15 Vietnamese apparel industry enterprises and assess their efficiency.Specifically, we have applied output oriented model, which aims to maximize outputs while the inputsproportions remain unchanged to realize DEA efficiency analysis. CCR-based and BCC-based modelsare utilized to get overall technical and pure technical efficiencies. The findings show that havingbusiness transactions with foreign partners, good labor cost management and effective inventorymanagement are the most prominent factors in distinguishing between efficient and inefficiententerprises in Vietnam's apparel industry. The study may be a useful tool for managers to improvetheir performances and effectively allocate resources.

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The impact of intellectual capital on firm performance: Evidence from Tehran Stock Exchange

Cited by 11 publications

References 8 publications

The effect of intellectual capital on firm performance: the mediating role of family management

The effect of intellectual capital on firm performance: the mediating role of family management

Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sector

Performance Evaluation of Vietnamese Apparel Enterprises: An Application of DEA Approach

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