Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/emerald-publishing/intellectual-capital-a-determinant-of-firms-operational-efficiency-6R7zlgQ0B2
References (90)
-
Wann‐Yih Wu, Hsin-Ju Tsai, K. Cheng, M. Lai (2006)
Assessment of Intellectual Capital Management in Taiwanese IC Design Companies: Using DEA and the Malmquist Productivity IndexERN: Intellectual Property (Topic)
-
S. Fries, A. Taci (2005)
Cost Efficiency of Banks in Transition: Evidence from 289 Banks in 15 Post-Communist CountriesJournal of Banking and Finance, 29
-
Shantanu Ghosh, S. Maji (2015)
Empirical Validity of Value Added Intellectual Coefficient Model in Indian Knowledge-based SectorGlobal Business Review, 16
-
D. Andriessen (2004)
IC valuation and measurement: classifying the state of the artJournal of Intellectual Capital, 5
-
(1996)
There's a price on your head: managing intellectual capital strategically -
C. Reddy (2016)
12 Pillars' Framework for Successful Financial Inclusion in IndiaIndian Journal of Finance, 10
-
Steven Firer, S. Williams (2003)
Intellectual capital and traditional measures of corporate performanceJournal of Intellectual Capital, 4
-
N. Kolachi, Haider Shah (2013)
BRICS Countries And Their Strategic HRD Agenda In 2020, 17
-
B. Kamath (2008)
Intellectual capital disclosure in India: content analysis of “TecK” firmsJournal of Human Resource Costing & Accounting, 12
-
M. Karim, Sok-Gee Chan, Sallahudin Hassan (2010)
Bank efficiency and non-performing loans: Evidence from Malaysia and Singapore, 2010
-
R. Banker, Ronghong Huang, R. Natarajan, Shan Zhao (2019)
Market Valuation of Intangible Asset: Evidence on SG&A ExpenditureThe Accounting Review
-
M. Grimaldi, L. Cricelli, Francesco Rogo (2015)
Assessment and Management of Intellectual Capital: A Single Case Study on the Construction and Implementation of an IC IndexKnowledge and Process Management, 22
-
P. Bukh, C. Nielsen, Peter Gormsen, J. Mouritsen (2005)
Disclosure of information on intellectual capital in Danish IPO prospectusesAccounting, Auditing & Accountability Journal, 18
-
An analysis of intellectual capital and firms' profitability: with reference to Indian IT companies
NMIMS Management Review, 37
-
Eric Kong (2010)
Analyzing BSC and IC's usefulness in nonprofit organizationsJournal of Intellectual Capital, 11
-
G. Kamath (2007)
The intellectual capital performance of the Indian banking sectorJournal of Intellectual Capital, 8
-
A. Bounfour (2003)
The IC‐dVAL approachJournal of Intellectual Capital, 4
-
Bronwyn Hall, A. Jaffe, M. Trajtenberg (2000)
Market Value and Patent Citations: A First LookERN: Intellectual Property (Topic)
-
Basuki, Titisari Kusumawardhani (2012)
Intellectual Capital, Financial Profitability, and Productivity: An Exploratory Study of the Indonesian Pharmaceutical IndustryAsian Journal of Business and Accounting, 5
-
W. Meeusen, J. Broeck (1977)
Efficiency Estimation from Cobb-Douglas Production Functions with Composed ErrorInternational Economic Review, 18
-
N. Bloom, J. Reenen (2002)
Patents, Real Options and Firm PerformancePublic Economics eJournal
-
Mohamed Sherif, Mahmoud Elsayed (2016)
THE IMPACT OF INTELLECTUAL CAPITAL ON CORPORATE PERFORMANCE: EVIDENCE FROM THE EGYPTIAN INSURANCE MARKETInternational Journal of Innovation Management, 20
-
M. Clarke, Dyna Seng, R. Whiting (2011)
Intellectual capital and firm performance in AustraliaJournal of Intellectual Capital, 12
-
D. Teece, G. Pisano, A. Shuen (1997)
DYNAMIC CAPABILITIES AND STRATEGIC MANAGEMENTStrategic Management Journal, 18
-
Laurie Bassi, Mark Buren (1999)
Valuing investments in intellectual capitalInternational Journal of Technology Management, 18
-
Amitava Mondal, S. Ghosh (2012)
Intellectual capital and financial performance of Indian banksJournal of Intellectual Capital, 13
-
Pirjo Ståhle, Sten Ståhle, Samuli Aho (2011)
Value added intellectual coefficient (VAIC): a critical analysisJournal of Intellectual Capital, 12
-
Yanuar Trisnowati, I. Fadah (2014)
The Impact of Intellectual Capital on Bank’s Market Value and Financial Performance in Indonesia Stock ExchangeBanking & Insurance eJournal
-
(1996)
A taxonomy of intellectual capital and a methodology for auditing it -
Kin Chan (2013)
Impact of intellectual capital on organisational performanceThe Learning Organization, 16
-
Siniša Radić (2018)
IMPACT OF INTELLECTUAL CAPITAL ON PROFITABILITY OF COMMERCIAL BANKS IN SERBIAEkonomski Anali, 63
-
G. Mehralian, A. Rajabzadeh, M. Sadeh, H. Rasekh (2012)
Intellectual capital and corporate performance in Iranian pharmaceutical industryJournal of Intellectual Capital, 13
-
Andrew Levin, C. Lin, C. Chu (2002)
Unit root tests in panel data: asymptotic and finite-sample propertiesJournal of Econometrics, 108
-
G. Kamath (2017)
An investigation into intellectual capital efficiency and export performance of firms in IndiaInternational Journal of Learning and Intellectual Capital, 14
-
Saverio Bozzolan, F. Favotto, Federica Ricceri (2003)
Italian annual intellectual capital disclosure: An empirical analysisJournal of Intellectual Capital, 4
-
Measurement issues in intellectual capital–a review
-
R. Tiwari, Harishankar Vidyarthi (2017)
Intellectual capital and corporate performance: a case of Indian banks, 8
-
P. Koh, D. Reeb (2015)
Missing R&DJournal of Accounting and Economics, 60
-
P. M'Pherson, S. Pike (2001)
Accounting, empirical measurement and intellectual capitalJournal of Intellectual Capital, 2
-
L. Edvinsson (1997)
Developing intellectual capital at SkandiaLong Range Planning, 30
-
R. Deep, K. Narwal (2014)
Intellectual Capital and its Association with Financial Performance: A Study of Indian Textile SectorInternational Journal of Management and Business Research, 4
-
Dolly Gaur, D. Mohapatra
Non-Performing Assets In India: Priority Vs Non- Priority Sector Lending -
D. Marqués, F. Simón, C. Carañana (2006)
The Effect Of Innovation On Intellectual Capital: An Empirical Evaluation In The Biotechnology And Telecommunications IndustriesInternational Journal of Innovation Management, 10
-
G. Benston (1965)
BRANCH BANKING AND ECONOMIES OF SCALEJournal of Finance, 20
-
B. Lev (2005)
Intangible Assets: Concepts and Measurements -
Kin Chan (2009)
Impact of intellectual capital on organisational performance: An empirical study of companies in the Hang Seng Index (Part 1)The Learning Organization, 16
-
David Collis (1996)
Organizational Capability as a Source of Profit -
H. Wijaya, E. Tandelilin, M. Rahayu, Hermeindito (2016)
Intellectual Capital and Agency ConflictIndian Journal of Finance, 10
-
R. Katila (2000)
Using patent data to measure innovation performanceInternational Journal of Business Performance Management, 2
-
Agnė Ramanauskaitė, Kristina Rudžionienė (2013)
INTELLECTUAL CAPITAL VALUATION: METHODS AND THEIR CLASSIFICATION, 92
-
R. Kaplan, D. Norton (2015)
The balanced scorecard--measures that drive performance.Harvard business review, 70 1
-
Tasawar Nawaz (2018)
Intellectual capital profiles and financial performance of Islamic banks in the UKInternational Journal of Learning and Intellectual Capital
-
A. Riahi‐Belkaoui (2013)
Intellectual capital and firm performance of US multinational firmsJournal of Intellectual Capital, 4
-
Gary Ferrier, C. Lovell (1990)
Measuring cost efficiency in banking: Econometric and linear programming evidenceJournal of Econometrics, 46
-
Filipe Sardo, Zélia Serrasqueiro (2018)
Intellectual capital, growth opportunities, and financial performance in European firmsJournal of Intellectual Capital
-
Sanjoy Bose, K. Thomas (2007)
Applying the balanced scorecard for better performance of intellectual capitalJournal of Intellectual Capital, 8
-
Juergen Daum (2001)
Value Drivers Intangible Assets : Do We Need a New Approach to Financial and Management Accounting ? -
A. Thiagarajan, Utpal Baul, J. Sekkizhar (2018)
The Impact of Intellectual Capital Efficiency on Financial Performance in the Indian Auto - Component IndustryIndian Journal of Finance, 12
-
N. Muhammad, K. Ismail (2009)
Intellectual Capital Efficiency and Firm’s Performance: Study on Malaysian Financial SectorsInternational journal of economics and finance, 1
-
M. Joshi, D. Cahill, J. Sidhu (2010)
Intellectual capital performance in the banking sector: An assessment of Australian owned banksJournal of Human Resource Costing & Accounting, 14
-
F. Bozbura (2004)
Measurement and Application of Intellectual Capital in Turkey.The Learning Organization, 11
-
William Chang, J. Hsieh (2011)
The dynamics of intellectual capital in organizational developmentAfrican Journal of Business Management, 5
-
B. Appuhami (2007)
The Impact of Intellectual Capital on Investors' Capital Gains on Shares: An Empirical Investigation of Thai Banking, Finance & Insurance SectorInternational Management Review, 3
-
S. Veltri, A. Silvestri (2011)
Direct and Indirect Effects of Human Capital on Firm Value: Evidence from Italian CompaniesERN: Human Capital (Topic)
-
G. Roos, J. Roos (1997)
Measuring your company's intellectual performanceLong Range Planning, 30
-
I. Ulum, I. Ghozali, A. Purwanto (2014)
Intellectual Capital Performance of Indonesian Banking Sector: A Modified VAIC (M-VAIC) PerspectiveAsian Journal of Finance and Accounting, 6
-
Pek Goh (2005)
Intellectual capital performance of commercial banks in MalaysiaJournal of Intellectual Capital, 6
-
I. Tahir, Nor Bakar, S. Haron (2017)
Technical efficiency of the Malaysian commercial banks: a Stochastic Frontier ApproachBanks and Bank Systems, 3
-
Muhammad Nadeem, C. Gan, C. Nguyen (2017)
Does intellectual capital efficiency improve firm performance in BRICS economies? A dynamic panel estimationMeasuring Business Excellence, 21
-
P. Joshi, Teoh Min, Ashutosh Deshmukh, N. Jaffar (2016)
Extent and Determinants of Intellectual Capital Disclosures by Top Listed Companies in MalaysiaIndian Journal of Finance, 10
-
J. Nazari, I. Herremans (2007)
Extended VAIC model: measuring intellectual capital componentsJournal of Intellectual Capital, 8
-
J. Barney (1991)
Firm Resources and Sustained Competitive AdvantageJournal of Management, 17
-
M. Youndt, Mohan Subramaniam, S. Snell (2004)
Intellectual Capital Profiles: An Examination of Investments and ReturnsJournal of Management Studies, 41
-
N. Bontis, A. Serenko (2009)
A causal model of human capital antecedents and consequents in the financial services industryJournal of Intellectual Capital, 10
-
N. Bontis (1998)
Intellectual capital: an exploratory study that develops measures and modelsManagement Decision, 36
-
Abdel-Aziz Sharabati, S. Jawad, N. Bontis (2010)
Intellectual capital and business performance in the pharmaceutical sector of JordanManagement Decision, 48
-
D. Aigner, C. Lovell (1977)
P. Schmidt, 1977,?Formulation and estimation of stochastic frontier production function models,? -
A. Pulic (2002)
Measuring the performance of intellectual potential in the knowledge economy -
Mutalib Anifowose, Hafiz Rashid, Hairul Annuar, H. Ibrahim (2018)
Intellectual capital efficiency and corporate book value: evidence from Nigerian economyJournal of Intellectual Capital, 19
-
Ming-Chin Chen, Shuqiang Cheng, Y. Hwang (2005)
An Empirical Investigation of the Relationship between Intellectual Capital and Firms’ Market Value and Financial PerformanceCorporate Finance: Valuation
-
B.H. Hall, A. Jaffe, M. Trajtenberg (2001)
Market value and patent citations -
T. Soetanto, Pei Liem (2019)
Intellectual capital in Indonesia: dynamic panel approachJournal of Asia Business Studies
-
Karl-Erik Sveiby (1997)
The Intangible Assets MonitorJournal of Human Resource Costing & Accounting, 2
-
Stefano Dell’Atti, Vincenzo Pacelli, G. Mazzarelli (2015)
The efficiency of the European banking groups and its determinantsManagerial Finance, 41
-
C. Sealey, J. Lindley (1977)
Inputs, Outputs, and a Theory of Production and Cost at Depository Financial InstitutionsJournal of Finance, 32
-
W. Greene (2005)
Reconsidering heterogeneity in panel data estimators of the stochastic frontier modelJournal of Econometrics, 126
-
Kay Alwert, Manfred Bornemann, M. Will (2009)
Does intellectual capital reporting matter to financial analystsJournal of Intellectual Capital, 10
-
N. Bontis (2001)
Assessing knowledge assets: a review of the models used to measure intellectual capitalInternational Journal of Management Reviews, 3
-
The role of intellectual capital in creating value in the banking industry
International Review of Business Research, 7
-
A. Riahi‐Belkaoui (2003)
Intellectual Capital and Firm Performance of U.S. Multinational Firms: A Study of the Resource-Based and Stakeholder ViewsJournal of Intellectual Capital, 4
- Publisher
- Emerald Publishing
- Copyright
- © Emerald Publishing Limited
- ISSN
- 2398-628X
- DOI
- 10.1108/sajbs-11-2019-0207
- Publisher site
- See Article on Publisher Site
Abstract
Intellectual capital (IC) has been recognized in improving the efficiency of businesses and gaining competitive edge in the developed world. The present study offers perspectives into the effect of IC on the efficiency of the Indian financial sector companies.Design/methodology/approachFor the purpose of evaluating efficiency, the research has used stochastic frontier analysis (SFA). All Indian financial sector companies listed in National Stock Exchange (NSE-500) for the timeframe of ten years (2008–2018) have been considered. The paper has employed modified Pulic's Value Added Intellectual Coefficient (VAICTM) as a proxy to measure IC. Correlation and panel data regression have been used in order to examine the relationship.FindingsThe results of the study indicate positive and significant relationship between IC and efficiency of the firm. The results also show that all the components of IC, that is, human capital, relational capital, process capital and capital employed have a significant impact on firms' efficiency. Additionally, it has been seen that sample companies do not invest in research and development leading to no innovation capital.Practical implicationsThe research will assist managers in managing and controlling the IC, investors in matters related to investment and financial experts in improving the company's IC and value creation.Originality/valueThe current research is one of the pioneering studies in the context of Indian financial sector that examines the impact of modified VAIC on operational efficiency calculated using SFA.
Journal
South Asian Journal of Business Studies – Emerald Publishing
Published: Feb 3, 2021
Keywords: M-VAIC; India; Financial sector; Value creation; SFA; Efficiency