Capital Components Research Articles

A multi-faceted approach for leveraging AI and intellectual capital for enhanced supply chain decision-making

PurposeThis study aims to investigate the mediating role of different types of intellectual capital (human, structural and relational) in the relationship between artificial intelligence-driven supply chain analytics capability (AI-SCAC) and various supply chain decision-making processes, specifically rational, bounded and tacit decision-making.Design/methodology/approachThe study used a quantitative survey strategy to collect the data. A total of 320 valid questionnaires were received from manufacturing companies. The data were analysed using structural equation modeling with partial least squares (PLS-SEM) approach through SmartPLS software.FindingsThe results indicate that human and structural capital significantly mediate the relationship between AI-SCAC and rational and bounded decision-making processes. However, structural capital does not mediate the relationship between AI-SCAC and the tacit decision-making process. Moreover, relational capital does not show a significant mediating effect on all of the decision-making processes. Notably, structural capital has the strongest impact on rational and bounded decision-making, while human capital plays a critical role across all three decision-making processes, including tacit decision-making.Originality/valueThis study contributes to the literature by providing a nuanced understanding of the differentiated impact of intellectual capital components on various decision-making processes within the context of AI-SCAC. While previous studies have broadly acknowledged the role of intellectual capital in decision-making, this research provides more understanding of how specific types of intellectual capital interact with AI to influence distinct decision-making processes. Notably, the differential impact of structural capital on rational and bounded decision-making versus tacit decision-making highlights the need for organisations to adopt a more tailored approach in leveraging their intellectual capital.

ANALISIS RESILIENSI FINANSIAL: PERAN MODAL SOSIAL, SUMBER DAYA EKONOMI, DAN PERILAKU KEUANGAN DALAM MENGHADAPI KERENTANAN

This study aims to map the level of individual financial resilience in the Kedu area based on the Financial Resilience Spectrum category, which includes four levels: severe financial vulnerability, high financial vulnerability, low financial vulnerability, and financially resilient. This study uses a survey method with a purposive sampling approach, involving 47 respondents domiciled in the Kedu area. The research instrument is based on four components of financial resilience: economic resources, financial products and services, financial knowledge and behavior, and social capital. The results show that the average financial resilience of respondents is at low vulnerability with a value of 2.53, with the social capital component contributing the highest to the overall value, while the financial knowledge and behavior component is in the lowest position. Complementing the analysis, a comparison between respondents with various income levels was also carried out. The results of this study are relevant for policy makers, financial institutions, and community organizations to design interventions that support increased financial resilience, especially for vulnerable groups.

Driving Profitability Through Strategic Working Capital Management: Insights from Pakistan’s Textile Industry

Efficient management of working capital is essential for ensuring financial stability and enhancing profitability, particularly in industries that are capital-intensive, such as textiles. This study investigates the relationship between working capital management and profitability within the textile industry, utilizing data from ten firms listed on the Pakistan Stock Exchange over the period 2019 to 2023. The study employs the Ordinary Least Squares regression model to analyze the impact of key working capital metrics—such as average payment period, inventory turnover, average collection period, and cash conversion cycle—on performance indicators, including return on assets, return on equity, and return on capital employed. The findings reveal that a shorter cash conversion cycle and faster receivables collection significantly improve firm profitability. Additionally, longer accounts payable periods and higher inventory turnover are also positively linked with enhanced financial performance. These results underscore the importance of optimizing working capital components for achieving operational efficiency and sustaining profitability. This study not only contributes to the existing literature by addressing a research gap in the context of the textile industry, but also provides valuable managerial and policy insights. Furthermore, the findings have broader implications for promoting sustainable business practices, supporting the efficient use of resources, and contributing to global sustainability goals.

ОСОБЕННОСТИ ФОРМИРОВАНИЯ И РАЗВИТИЯ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА В АГРОПРОМЫШЛЕННОМ КОМПЛЕКСЕ РОССИЙСКОЙ ФЕДЕРАЦИИ

The article presents the main indicators of the development of the agro-industrial complex of the Russian Federation for 2013-2023. The reasons for achieving such indicators in the agroindustrial complex are determined. The main purpose of the scientific article is to consider the theoretical and methodological foundations of human capital management, analyze current approaches in human capital management, determine the level of development of human capital components and the very role of the human capital management system for the effective functioning of the agro-industrial sector of the Russian economy. To achieve this goal, the article identifies the specific features, conditions and factors of the formation of human capital indicators in Russia, which are considered from the point of view of a comparative analysis of the advantages and disadvantages of methodological approaches to human capital management in the agro-industrial complex of the Russian Federation. The article also proposes to consider the author's cybernetic (digital) model for the formation of balanced human capital in the agro-industrial complex of the Russian Federation, which can help accelerate the development of human capital indicators by creating conditions for global information exchange and professional development. The approaches and views considered in the formation of human capital allow us to focus attention and point out the special role of human capital in the development of agriculture. The obtained research results make it possible to summarize the existing trends in the development of human capital in the agro-industrial sector of the country's economy and supplement them with new theoretical knowledge about it, which can be useful for subsequent scientific activity in the formation of innovative conceptual.

Методологическое сопровождение исследований социального капитала организации

Introduction. The purpose of this article is to present a synthesis of the theoretical, methodological and empirical research findings pertaining to the social capital in organisations, and as well as to describe the diagnostic tools used in its assessment. According to the concept of social capital in organisations as a unified semantic space encompassing the employees of various organisations, the key components of social capital in organisations that can be quantified are identified. These components are trust, commitment to goals and values, the constitutive interaction norms, and the organisational reputation. Methods. A theoretical and methodological analysis revealed the main principles of social capital study. This analysis allowed us to create a generalised model for the study of social capital. Based on the aforementioned model, validation methodology for measuring social capital including a calculation of the consolidation index was proposed (IXCO). Results. The model demonstrates that the principal components can be qualitatively and quantitatively characterised, and social capital accumulation may have both positive and negative implications. The concept of “social capital consolidation in organizations” is introduced, reflecting the unity of its main components. This study reveals the differences in the structure of social capital depending on the socio-demographic characteristics of organisations' personnel. Furthermore, empirical studies are conducted to confirm the theoretical and methodological approaches to the study of social capital in organisations in different spheres of activity, including business, education, as well as in issue of generational differences.

Business internationalization and intellectual capital components: the case of the Colombian manufacturing sector exports

PurposeThis paper aims to understand the impact of intellectual capital components (human, structural and relational capital) on business internationalization through exports, analyzing the Colombian manufacturing sector.Design/methodology/approachA binomial logistic regression model was used in which the export propensity was the dependent variable. The explanatory variables consisted of the human capital, including training and managerial characteristics; the structural capital, including innovation, intellectual property, certifications and management and the relational capital, encompassing relationships with other companies, public entities and the domestic market. The Survey of Development and Technological Innovation - EDIT - Industry 2018, carried out by the National Administrative Department of Statistics of Colombia, was used to collect data from 7,529 companies in 24 manufacturing subsectors.FindingsThe research findings suggest that there is a positive relationship between internationalization and human capital (postgraduate, university and school training), with structural capital (innovation in organizational processes, ownership of patents, software rights, industrial rights, trademark registration, obtaining intellectual property rights, complexity in design, process certifications, compliance with technical requirements and the existence of production goals) and with relational capital (confidentiality agreements with other companies and contracts with the international public sector).Originality/valueThis article contributes to the literature generating knowledge on the relationship between intellectual capital and the internationalization of Colombian industrial companies. It will also have managerial and social implications serving as input for the decision-making process of firms undergoing internationalization, and for policymakers.

Revealing Corporate Value: The Role of Investment Decisions, Debt Policy, and Ownership Structure

This study examines how investment decisions, debt strategies, and ownership structures influence corporate value, specifically targeting manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2021. Using a quantitative approach and Partial Least Squares (PLS), the research integrates these critical factors into a comprehensive framework. The findings indicate that asset growth significantly impacts corporate value, highlighting the importance of effective investment strategies, while debt expansion positively influences firm value. However, managerial ownership does not exhibit a strong direct relationship with asset growth, equity expansion, or debt policies. Furthermore, this study highlights the significant role of institutional investors in strengthening corporate governance and reducing agency conflicts. Drawing on recent findings, it underscores the importance of intellectual capital and cash reserves in boosting financial performance and market valuation. The effective management of intellectual capital components—namely human, structural, and relational capital—serves as a bridge between financial performance and market valuation, while strategic cash reserves reflect financial stability and potential for growth. By synthesizing investment, financing, and ownership decisions, this study offers a novel perspective and practical implications for firms navigating post-pandemic economic recovery, emphasizing the synergy of financial strategies in optimizing corporate value and enhancing shareholder wealth.

Synergy of risk management and organizational behavior in the context of ensuring economic security of enterprises

In the modern, rapidly changing world, enterprises of any ownership structure, scale, and industry face numerous challenges that require flexibility and swift responses to external threats and internal shifts. This is particularly relevant in the context of globalization and increasing risks associated with rapid technological innovations, economic disruptions, and market instability. The study is aimed at identifying the key aspects of the synergy between risk management and organizational behavior in the context of ensuring the economic security of enterprises. Based on a review of theoretical sources, the importance of integrating the two domains—risk management and organizational behavior—was revealed as a means to enhance the resilience of enterprises. The so-called «intersection point» between these domains has been identified, allowing firms to improve their ability to respond to risks and mitigate their negative impacts. This intersection is critically important, as risks and threats are an inherent part of business operations in the face of ongoing uncertainty and a rapidly changing business environment. Significant attention in the research is devoted to the human capital component as the foundation of the synergy between risk management and organizational behavior. It has been found that human capital plays a key role in ensuring the economic security of enterprises, as qualified and motivated employees are better equipped to identify risks, respond effectively, and develop strategies to minimize their impact. The article emphasizes the importance of developing adaptive capabilities among personnel, which allows enterprises to remain competitive even under challenging conditions. Additionally, psychological factors influencing decision-making in the context of risks are examined. The application of prospect theory provides a deeper understanding of how individual and group decisions are shaped by risk perceptions. Psychological aspects, including stress levels, individual differences in risk perception, and the influence of collective decision-making, are integral components affecting the effectiveness of risk management. These factors often determine how successfully an enterprise can manage risks and respond to challenges, especially in uncertain environments. Thus, the synergy between risk management and organizational behavior not only enhances the resilience of an enterprise but also establishes new approaches to strategic management. This enables businesses not only to survive but also to thrive in the fast-changing conditions of the modern market.

3D printing firms in South Africa and their financial management practices

As the 3D printing industry continues to gain momentum in South Africa's SME sector, issues about their financing and financial management need to be investigated. This is due to the capital-intensive nature of the business as well as the financing challenges encountered by 3D printing SMMEs. This study aimed to contribute to research on financial management practices and sources of finance as predictors of performance for 3D printing small and medium enterprises (SMMEs) in terms of profitability and increase in client base. The study adopted the interpretivist research paradigm, exploratory research design, inductive research approach and qualitative research method to achieve the objectives of the study. A total of twenty (20) 3D printing firms participated in the study. Employees and managers were purposefully selected to participate in the study. The participants comprised finance managers, senior managers and managers of the twenty (20) 3D printing firms that participated in the study. Structured interviews served as the instrument for data collection based on the objectives of the study. Data gathered from interviews were transcribed and analysed using thematic analysis. The study revealed that effective working capital management practices boost the profitability of 3D printing SMMEs, particularly through adopting no-credit policies and hiring competent finance officers. These practices also help expand the client base by ensuring timely delivery of products and services, with customer relationship management being a strategic approach. The study also revealed that liquidity management practices significantly boost the profitability of 3D printing firms by ensuring sufficient cash flow to meet financial obligations, managing financial risks, and ensuring timely product delivery, thereby enhancing customer satisfaction and contributing to growth in the customer base. The study recommends the need for 3D printing SMMEs to prioritise cash flow management and develop robust systems to monitor and control working capital components, including inventory, receivables, and payables.

The role of social capital of the Sanur Indigenous Community in the development of the heritage tourism industry on Sanur Beach in Bali, Indonesia

ABSTRACT The tourism industry and social capital are closely linked together, as social capital encompasses the belief and value systems, norms, networks, and solidarity principles of a society. However, there are limited studies on the role of indigenous social capital in supporting the heritage tourism sector, especially in Indonesia. To fill this gap, this study aims to investigate the role of the Sanur Indigenous Community's social capital in the development of heritage tourism on Sanur Beach. The research uses a qualitative descriptive to describe the studied object or subject's condition through credible informant interactions and their understanding of concepts. The study reveals that the Balinese tribal society has two social capital components, including the cognitive dimension in the form of Ngayah and structurally in the community's attachment to traditional institutions, such as Banjar Adat and Traditional Villages in the context of Tri Hita Karana. Although Sanur has transformed into a tourism center, its people still hold onto their traditional values, using social capital to manage and advance the village's tourism potential. The Traditional Village Owned Enterprise (TVOE) and the Sanur Beach Management Agency provide support to Sanur in integrating social, cultural, ecological, and economic aspects into tourism development.

From Knowledge to Action: Exploring Green Intellectual Capital’s Role in Sustainable Organizational Performance for Millennials

In today’s competitive landscape, the role of Green Intellectual Capital in driving Sustainable Organizational Performance is receiving increasing attention. Organizations are under pressure to adopt sustainable practices, so exploring the influence of intellectual capital on performance is important. This study aims to examine the effect of Green Intellectual Capital consisting of Green Human Capital, Green Relational Capital and Green Structural Capital on Sustainable Organizational Performance, with Green Innovation Behavior as a mediating variable and Perceived Green Organizational Support as a moderating factor. The research design used was quantitative involving 200 millennial managers and the data was analysed using Partial Least Squares (PLS). The results show that to achieve sustainable organizational performance, millennial managers need to focus their efforts on improving Green Structural Capital and encouraging Green Innovation Behavior. In addition, the development of Gren Human Capital and Green Relational Capital should be geared towards increasing Green Innovation as a pathway to achieving sustainability goals. Perceived Green Organizational Support is not enough to strengthen the relationship of innovation and performance, so a more holistic approach in promoting sustainability across the organization is needed. The novelty of this research lies in its focus on millennial managers and the complex interconnectedness of different components of Green Intellectual Capital. The findings suggest that organizations should prioritize increasing Green Structural Capital and encouraging Green Innovation Behaviors. Future research should explore other moderating factors, such as leadership style, to deepen understanding of the conditions that amplify the impact of green innovation on sustainable performance.

Rural physicians and social capital: the potential and promises of a rural health research capacity building program

BackgroundAccessible and contextually relevant healthcare research programs and networks for rural physicians are exceedingly rare, which hinders the development of social capital in an already isolating profession. This study aims to examine the impact of the Rural Health Research Capacity Building (RRCB) Program on enhancing cognitive, structural, and relational social capital through comprehensive research skills training, supported by professional teams and resources.MethodsThis study uses a mixed-methods approach with utilization of qualitative and quantitative data and pre-post quasi-experimental design. Data were collected prior and after completion of the program by means of surveys, focus group, and observation. Thirty-five rural physicians participated in this study from 2014 to 2021.ResultsThe results show a significant increase in cognitive (pre-program = 0.37 vs. post-program = 0.61, p < .001), structural (pre-program = 0.58 vs. post-program = 0.81, p < .001), and relational (pre-program = 0.49 vs. post-program 0.69, p < .001) components of social capital. Focus group discussions and observation data supported these findings, particularly highlighting that research capacity-building programs tailored to the needs of rural physicians can enhance collective values, improve the quality of relationships, and foster communities of research-focused practice.ConclusionsBeing equipped with a shared system of meanings and interpretations, research knowledge and resources, and a professional research network appears to play a critical role in enhancing social capital in rural health research. The RRCB program effectively improves social capital among rural and remote physicians.

The most influential component of intellectual capital components on the level of innovation among the faculty at Universities in Saudi Arabia

The most influential component of intellectual capital components on the level of innovation among the faculty at Universities in Saudi Arabia

INVESTMENT IN INTELLECTUAL CAPITAL AND ITS IMPACT ON THE PROFITABILITY OF ISLAMIC BANKS IN INDONESIA

Introduction: Islamic banks in Indonesia show significant potential, although their current asset contribution is only 1,9 percent of total Islamic banking asset globally. This is quite a contrast to Indonesia’s title as the country with largest Muslim population in the world, as well as its ambition to become the center of the global sharia economy. One of the efforts that can be made to achieve this goal is by increasing the assets of Indonesian Islamic banks through enhancing their profitability. Methods: This research uses secondary data from eight Sharia Commercial Banks (BUS) in the 2014-2022 period. A static panel regression model is used to examine the impact of Intellectual Capital on the profitability of BUS using Stata 17 application. The dependent variable is profitability, while the independent variables are IC and its components (Human Capital, Structural Capital, Customer Equity, and Relational Capital). The control variables consist of the ratio of total equity to total assets (EQA), non-performing financing (NPF), inflation, and the COVID-19 phenomenon. Results: This study analyzes the impact of intellectual capital (IC) on the profitability of Islamic banks in Indonesia. The results show that IC has a significant positive effect on profitability. The components of human capital (HC) and capital employed (CE) contribute positively, while structural capital (SC) and relational capital (RC) do not have a significant impact. Conclusion and suggestion: Findings of this research indicate that improving human resource competence and optimizing equity capital can enhance the profitability of Islamic banks, whereas investments in organizational structure, technology, and promotion do not yield significant effects. This study also provides policy implications for regulators and bank management in more effectively allocating IC investments. Additionally, the research suggests that Islamic banks should focus on digitalization and financial innovation to strengthen their performance.

The overlooked war in Northern Ethiopia: Examining psychological capital, mental distress, and post-traumatic stress disorder among internally displaced people in Amhara region.

Conflict-induced displacement is a greater risk factor for mental health challenges, especially in countries where people have limited access to mental health services. This study examined the prevalence of mental distress, post-traumatic stress disorder (PTSD), and their relationship with key demographic variables and psychological capital among conflict-induced Internally Displaced People (IDP) in the Wag-Hemra Zone, Amhara Region, Ethiopia. The study used a cross-sectional quantitative design, and simple random sampling was used to recruit 367 IDPs from the Weleh IDP camp in Sekota town. The Psychological Capital Questionnaire (PCQ 12), Kessler Psychological Distress Scale (K 10), and Post-traumatic Stress Disorder-Civilian Version (PCL-C) scales were used to collect data. STATA version 2021 was used to analyze data. The prevalence of mental distress and posttraumatic stress disorder (PTSD) was 63% and 48 %, respectively. Mental distress and PTSD were higher among female participants (M = 27.4, 45.7), those who experienced rape (M = 32.6, 55.5), witnessed murder (M = 25.2, 46.1), widowed (M = 30.9, 44.9), illiterate (M = 28.1%, 47.2), and adolescents (M = 27.6, 45.5). Stepwise regression analysis indicated that psychological capital is a significant negative predictor of mental distress and PTSD (p = .000), with 26% mental distress and 20.9% variance in PTSD accounting for psychological capital, with self-efficacy being the strongest predicting component of psychological capital. The study underlined that mental health efforts should target enhancing psychological capital as the critical element in mitigating the psychological impacts of war and displacement. Training on improving self-efficacy, utilizing the solid spiritual and religious base of the IDP community to raise hope and optimism, and leveraging the communal culture to foster resilience could help reduce mental distress and the effects of PTSD among IDPs in the study area.

The Impact of Intellectual Capital on Financial Performance Before, During, and After The Covid-19 Pandemic Crisis

This study aims to investigate the impact of intellectual capital components, namely human capital, structural capital, relational capital, and capital employed on financial performance before, during, and after the COVID-19 pandemic crisis. This study analyzed 829 observation units from 168 non-financial Indonesian companies from 2018-2022. The data were analyzed using panel data regression with the help of EViews 13. The findings showed that in a 5-year period, only RC and CE significantly improve financial performance. However, only CE significantly improve financial performance before, during, and after the COVID-19 pandemic crisis. This indicates that non-financial Indonesian companies rely heavily on physical and financial capital investment in improving financial performance, both in non-crisis and crisis conditions. The findings offer implications for management and investors regarding the importance of optimizing IC investment, especially RC and CE efficiently to achieve high financial performance under uncertain conditions.

Green Intellectual Capital and Corporate Environmental Performance: Does Environmental Management Accounting Matter?

This study investigates the relationship between green intellectual capital and corporate environmental performance, with a specific focus on the moderating role of environmental management accounting. Data were collected from a sample of 298 employees working in the Egyptian industrial sector and analyzed using smart partial least squares (SmartPLS) software. The empirical results revealed a statistically positive and significant impact of all green intellectual capital components on corporate environmental performance, indicating that green intellectual capital is a critical determinant in enhancing environmental performance. Further, the analysis reveals that environmental management accounting functions as a significant moderator in the relationship between green intellectual capital and corporate environmental performance. The model explains 80.2% of the variance in corporate environmental performance, providing strong empirical support for this study’s hypotheses. These findings have important practical implications for companies working in the Egyptian context. They can help in guiding the development of corporate policies and strategies that improve environmental performance. This research also makes a significant contribution to the literature by being one of the first to study the moderating role of environmental management accounting practices in an emerging market like Egypt, as most early studies have concentrated on the direct relationship between green intellectual capital, environmental management accounting, and corporate environmental performance. This helps in better understanding of these concepts and how they interact.

The Effectiveness of Psychological Resources Supporting a Person’s Well-Being in the Face of Uncertainty and Stress: A Research Contributing to SDG Objectives

Objective: the aim of the study is to identify the combinations of psychological capital components (PsyCap) and person’s traits which can impact the person’s well-being in the situation of uncertainity and stress. Theoretical framework: the methodogical principles of determinism (the assumption that all behaviors have a specific cause) and systemic approach (analyzing complex phenomena by studying the interrelations between various components as a whole) were adopted. The main theory which was taken into account is an Evidence-Based Positive Approach of psychological Capital (Luthans F. et al, 2017). Methods: the theoretical review of the psychological aspects of uncertainty and the psychological survey was conducted (with the application of Psychological Capital Questionnaire-PCQ, Myers–Briggs Type Indicator-MBTI, The Spielberger-Hanin anxiety test-STAI) Results and discussion: the study revealed that some combinations of personal traits and components of psychological capital can lead to adaptation during uncertainty and stress more effectively even with higher level of trait anxiety. Research implications: the results can be applied in the sphere of psychological support to deal with potential challenges with limited resources by organizing the effective mechanism of coping with uncertainty and stress. Originality: the study contributes the 3th objective of SDG (good health and well-being). The algorithm of effective perception of uncertainty was shown and some consistent patterns of PsyCap components were revealed.

Managing Intellectual Capital Components in Technology Transfer Processes: The Case of Romanian Public Research Institutes

Managing Intellectual Capital Components in Technology Transfer Processes: The Case of Romanian Public Research Institutes

Investigating Social Capital Among COVID-19 Patients: Insights from a Cross-Sectional Study

Background: The global COVID-19 outbreak has posed significant challenges to public health. Social capital has emerged as a crucial social factor in mitigating the effects of COVID-19. Objectives: This study aimed to assess the social capital levels of patients diagnosed with COVID-19 and compare these levels between inpatient and outpatient cases. Methods: In 2021, a cross-sectional study was conducted at Ganjavaian Hospital in Dezful city, Iran, involving 428 COVID-19 patients. The participants were selected through a stratified random sampling method and divided into two groups: Inpatients and outpatients. Data were collected using a standardized social capital instrument, along with demographic information on variables such as age, gender, education level, marital status, and the severity of COVID-19 symptoms. Results: Among the COVID-19 patients, the social capital components of individual trust, cohesion/social support, and social trust/associative relations were measured at 3.24 ± 0.25, 3.15 ± 0.28, and 2.49 ± 0.41, respectively. Logistic regression analysis showed significant associations between patient status and age (OR = 1.47, CI 95%: 1.21 - 1.80), education level (OR = 2.64, CI 95%: 1.50 - 4.71), individual trust (OR = 3.40, CI 95%: 1.55 - 7.47), and cohesion/social support (OR = 3.03, CI 95%: 1.49 - 6.28). Conclusions: Outpatients demonstrated higher levels of social capital compared to inpatients, highlighting the critical role social capital plays in coping with illness. This disparity suggests that outpatients benefit from stronger social networks and support systems. Enhancing social capital for hospitalized patients could significantly improve their health outcomes.