Intellectual Capital Research Articles

Relationship Between Intellectual Capital, Executive Motivation, and Corporate Innovation Level —Evidence from Chinese Listed Manufacturing Companies

In the knowledge economy era, innovation is the main engine that drives high-quality development of the manufacturing industry. Exploring the mechanism behind intellectual capital, its constituent elements that stimulate innovation within manufacturing enterprises, and the influence of executive motivation emerges as a crucial imperative, considering intellectual capital as the sum of intangible assets of enterprises. Unraveling this intricate interplay becomes essential in comprehending the driving forces behind innovation in this sector. Based on this, the present study analyzed the relationship between intellectual capital, executive incentives, and corporate innovation level using a sample of manufacturing companies listed in Shanghai and Shenzhen A-shares from 2012–2021. The empirical findings demonstrate the positive impact of human capital, structural capital, and relational capital on the innovation levels of manufacturing firms. Moreover, executive compensation incentives and equity incentives also contribute positively to enhancing firm innovation. Notably, these executive incentives play a vital moderating role in strengthening the relationship between intellectual capital dimensions and firm innovation. Intellectual capital dimensions have a stronger impact on innovation levels in non-state-owned manufacturing enterprises than in their state-owned counterparts. Moreover, the positive influence of intellectual capital on innovation is more significant in highly marketized regions compared to regions with lower levels of marketization.

The Role of Intellectual Capital in Strengthening the Relationship Between Sustainable Development Goals (SDGs) and Market Performance

The Role of Intellectual Capital in Strengthening the Relationship Between Sustainable Development Goals (SDGs) and Market Performance

Intellectual Capital and Maqashid Sharia Performance of Islamic Banking in Indonesia: the Moderate of Islamic Sustainable Development Goals (SDGs)

Objective: This study aims to obtain empirical evidence on the influence of intellectual capital on the performance of maqashid sharia with Islamic Sustainable Development Goals (SDGs) as a moderating variable. Theoretical Framework: This research is based on resource-based theory (RBT), legitimacy theory and maqashid sharia theory. Method: The iB-VAIC method for intellectual capital is measured based on capital employed, human capital, and structural capital. This study also uses a moderating variable, namely the disclosure of sustainable development goals (SDGs) of the type of Islamic corporate social responsibility (iCSR). The bank performance variable is measured using the maqashid sharia approach that Mohammed & Taib (2015) developed. Secondary data in the form of annual reports of 9 Islamic commercial banks in Indonesia were collected from 2015-2020 and analyzed using multiple regression analysis. Results and Discussion: The research results show that (1) intellectual capital has a negative effect on the performance of maqashid sharia, (2) the amount of Islamic corporate social responsibility (iCSR) disclosure has a positive effect as a moderating variable in the relationship between intellectual capital and maqashid sharia performance. Research Implications: These findings can help Islamic bank managers improve their corporate performance by effectively utilizing their iCSR and IC. Originality/Value: To our knowledge, this is the first study to examine the influence of intellectual capital on maqashid sharia performance by using disclosure of Islamic sustainable development goals (SDGs) of the type of Islamic corporate social responsibility as a moderation variable in the Islamic banking context in Indonesia.

Impact of innovation effort on exports from emerging market firms: limitations arising from complementary resource constraints

Purpose This paper aims to examine the impact of innovation effort on exports of resource constrained emerging market firms (EMFs) and boundary conditions imposed by complementary tangible and intangible resources on this relationship, using the lens of the knowledge-based view (KBV). Design/methodology/approach Analysis is based on annualized data from 19,057 Indian firms over the period of 2009–2017, controlling for endogeneity and selection bias (using Heckman correction), firm-level controls, year and sectoral fixed effects, within robust Tobit and ordinary least squares regressions. Export intensity and R&D intensity are the key dependent and independent variables, respectively. Findings The baseline impact of innovation effort on exports is found to be a concave inverted U-shape, exhibiting decreasing returns. Availability of complementary resources significantly impacts the nature of this relationship by weakening it for more resource-constrained firms. Faced with relatively greater scale-related constraints, the impact of innovation effort on exports disappears. Greater process-related constraints weaken the relationship as well. Originality/value Theoretically, these findings shed light on a nuanced relationship between a firm’s search for knowledge assets and access to foreign markets within resource constrained emerging market contexts. The limitations in the use and applicability of the KBV for EMFs’ internationalization success are highlighted, with suggested directions of future research.

Intellectual Capital, Family Management, and the Performance of Listed Manufacturing Firms in Ghana: A Mediation Analysis

Intellectual Capital, Family Management, and the Performance of Listed Manufacturing Firms in Ghana: A Mediation Analysis

Role of organizational silence in predicting job burnout and its components: A case study of Malayer University employees

Introduction: The advancement of organizations depends on engagement, providing essential and constructive insights and prospectives from human resources and intellectual capital. This research designed and implemented to study the impact of organizational silence syndrome on employee burnout. Moreover, the connections between research variables and demographic variables were tested. Materials and Methods: The study employed a descriptive-correlation approach, while the research framework is a multivariate correlation design. The statistical population of the research consisted of 110 administrative employees of Malayer University. Considering the small size of the community, the census approach employed. Data collection tools included organizational silence questionnaires developed by Dina et al. (2003) and job burnout questionnaires by Meslash and Jackson (1981). Results: The study’s findings indicated a notable connection between organizational silence and components job burnout. The findings of the research showed a noteworthy correlation between ProSocial silence and emotional exhaustion (r=0.294 / sig=0.001). Nevertheless, there was no significant connection between defensive and acquiescent silence and emotional exhaustion. Among the variables of organizational silence, Acquiescent silence (r=0.374/sig=0.001) and defensive silence (r=0.456/sig=0.011) were significant predictors of depersonalization. According to the results, proSocial silence had a significant relationship with the feeling of inadequacy (r=0.222/sig=0.012). However, there was no significant connection between Acquiescent and defensive organizational silence and the sense of inadequacy. The research results also confirmed the existence of significant relationships between certain demographic variables and job burnout as well as organizational silence. Conclusion: According to the findings of the study, managers of organizations should foster a transparent atmosphere for employees enabling them to share their views openly and without apprehension. This is crucial as organizational silence, not only contributes to employee burnout but also leads to numerous adverse effects for both the organizational and individuals.

The Influence of Intellectual Capital on Innovation Performance: The Mediating Role of Knowledge Sharing and Innovation Culture (A Study on Startups Fostered by UNS)

The Influence of Intellectual Capital on Innovation Performance: The Mediating Role of Knowledge Sharing and Innovation Culture (A Study on Startups Fostered by UNS)

The Role of Intellectual Capital in Sustainable Performance: Evidence from Iraq

The Role of Intellectual Capital in Sustainable Performance: Evidence from Iraq

Retaining Talents among Manufacturing Engineers: Job Embeddedness, Intellectual Capital, and Self-Efficacy

Retaining Talents among Manufacturing Engineers: Job Embeddedness, Intellectual Capital, and Self-Efficacy

Intellectual Capital and Business Performance Management - Knowledge Management and the Value of Knowledge

Research background: In a global environment characterized by increasing competition, entities from various industrial sectors and geographical areas face a tremendous challenge to achieve sustainable performance improvement. We highlight the importance and relevance of addressing this issue in relation to gaining a competitive advantage and achieving enterprise success. Particularly significant is its connection with the key performance indicators of an organization. In the literature review and overview of expert knowledge, we present the opinions of selected authors and their areas of research in relation to the issue at hand. Purpose of the article: The research aim was to explore the use of performance evaluation systems through key indicators from the perspective of intellectual capital. Methods: Based on the research questions and formulated hypotheses related to performance specifically, qualifications, education, self-development, and employee recruitment - we highlighted the interdependence of these phenomena and their mutual connection to employee satisfaction and engagement. For qualifications, a linear model resulted in a determination coefficient of 0.093. indicating a 9.3% degree of variability in relation to employee recruitment. For education, it was 2.7% in relation to satisfaction, and for engagement, it was as low as 1.64%. Findings & Value added: Based on the research findings and hypothesis testing, we can conclude that in industrial enterprises within the service sector, sufficient attention is not yet paid to working with intellectual capital, and the hypotheses related to this area of research were not confirmed. There is recommended intensifying work with intellectual capital and building learning and growth processes on enhancing these potentials in line with modern trends. This requires further scientific research in this area and close collaboration with practice.

Intellectual capital valuation in digital economy: a review of corporate and national perspectives

Intellectual capital (IC) has emerged as a critical driver of organizational value and competitive advantage in the knowledge-based economy. Unlike tangible assets, IC encompasses intangible assets such as human capital, structural capital, and relational capital, which collectively contribute to the innovative capacity and strategic positioning of firms and economies. Despite its significance, measuring intellectual capital poses substantial challenges due to its intangible nature and the lack of standardized valuation methods. This paper aims to provide a brief overview of the components and methods used in the measurement of intellectual capital at both corporate and national levels.

The Impact of Intellectual Capital and Cultural Intelligence on Innovation and Performance, with Knowledge Sharing as a Mediator in Manufacturing Companies.

Batam City has become a popular destination for individuals from outside the city seeking employment due to the numerous manufacturing companies established there, both from local and foreign sources. The success of these companies is influenced not only by the abilities of their workforce but also by how well employees adapt to their working environment. This study aims to explore whether intellectual capital and cultural intelligence impact innovation and performance within the manufacturing sector in Batam City, with knowledge sharing serving as a mediating variable for cultural intelligence. Utilizing a quantitative research approach, the study is supported by primary data collected through surveys in the form of questionnaires. The researchers employed SPSS and Smart PLS software to analyze variable data and test the hypotheses. The findings reveal the following: 1) intellectual capital has no effect on innovation., 2) intellectual capital positively affects performance. 3) cultural intelligence positively affects innovation., 4) cultural intelligence positively affects knowledge sharing. 5) knowledge sharing positively affects innovation., 6) innovation positevely affecs on performance, and 7) cultural intelligence affects innovation through knowledge sharing as a mediating variable. In relation to these results, this research is recommended as a reference for managers in improving innovation and performance

Firm Value: Corporate Governance, Intellectual Capital, Leverage and Profitability Mediation

This research aims to examine the influence of Good Corporate Governance (GCG), Intellectual Capital (IC), and Leverage on Firm Value, with Profitability as a mediating variable. Employing a quantitative approach and data from 17 property companies listed on the Indonesia Stock Exchange between 2019 and 2023, an analysis was conducted to test the relationships among these variables. The findings indicate that GCG has a significant negative impact on both Profitability and Firm Value. On the other hand, IC does not exhibit a significant impact on either Profitability or Firm Value. Leverage is turn out to have a significant positive impact on Firm Value but does not significantly affect Profitability. Furthermore, Profitability is incapable to serve as mediation the influence of GCG, IC, and Leverage on Firm Value. These findings provide crucial insights for stakeholders in formulating strategic policies to enhance company value, and highlight the need for more effective GCG practices and optimal utilization of IC to support the growth of the property sector in Indonesia.

Enhancing Competitiveness of Small Medium-sized Enterprises during the Post-Pandemic through Intellectual Capital and Technology Capabilities

Companies in developing countries need to make small and medium-sized businesses more competitive in this age of post-pandemic because these businesses make up more than half of a country’s gross domestic product. Reflecting on the pandemic, the uncertainties and disruption further exacerbated the challenges and agility of small and medium-sized enterprises. Some of the problems these businesses still face today are speed, complexity, new ideas and sheer size of technology. The primary objective of this research is to investigate the essentiality of intellectual capital (IC) and technology capabilities in attaining strategic agility (SA) for competitive viability while also encouraging the resilience of small- and medium-sized firms in the context of after pandemic. The methodology of this study is quantitative, with administration of a survey spanned a duration of 8 months, targeting a sample of 188 small and medium-sized enterprises from Indonesia that fulfilled the criteria established for this study. The study utilized partial least squares structural equation modelling to empirically investigate and assess the hypotheses. The outcomes of this study indicate that both constructs have a significant impact on SA, which in turn has a substantial effect on competitiveness. The results derived from the analysis of the importance-performance matrix had business implications that small and medium-sized enterprises should place greater emphasis on improving the performance of their IC to strengthen their SA and eventually augment their competitiveness.

Intellectual Resources and Operational Cost-effectiveness in Banks: An Empirical Analysis from Vietnam

The central role of intellectual resources in business operations of banks has been recognised and unveiled in the extant literature in recent times. However, it seems to be a virtual absence of studies on the impacts of these resources on the efficiency of operational costs in the banking industry, especially in developing markets. Hence, this research aims to fulfill this research gap by employing VAIC model and investigating its role in operating cost management of 26 local banks in Vietnam during the 2006–2020 period. After performing various econometrics methods and robustness tests, the continuing evidence demonstrates that the effectiveness of operating expenditures may be enhanced significantly by relying specially on intellectual capital. Additionally, human and structural capitals are two ingredients of VAIC that can assist banks in managing operating costs more effectively. By contrast, an increase in capital employed – the third ingredient – may accelerate costs related to operational business. Taken together, it is expected that the empirical findings can provide the helpful guidance for managers and decision-makers in banks to optimise the cost-effectiveness in daily business operations and pay new paths for academicians to dig more into the role of knowledge-based management in coming future.

Intellectual capital management as a catalyst for organizational agility and performance in post-COVID-19 Romanian SMEs

PurposeThe study seeks to investigate the impact of intellectual capital (IC) management on the performance and agility of small- and medium-sized enterprises (SMEs) in Romania, with a particular focus on the post-COVID-19 recovery period. By examining the roles of human, structural and relational capital, the study sets out to provide insights into how SMEs can build resilience against future socioeconomic disruptions and achieve a sustainable competitive advantage.Design/methodology/approachA quantitative research method was employed, utilizing a questionnaire distributed to 121 managers from Romanian SMEs. The collected data was analyzed using SmartPLS 4 software to test hypotheses regarding the role of intellectual capital management in enhancing organizational agility and performance.FindingsIC, especially human capital, substantially influences organizational agility and performance in SMEs. Findings confirm that adapting to a dynamic work environment requires that SMEs invest in employee development, foster strong internal and external relationships, and embrace new technologies. Furthermore, building an adaptive organizational culture open to change and learning is essential for sustaining long-term competitive advantage in an unpredictable market.Research limitations/implicationsThe study advances theoretical and practical recommendations for academics, managers and policymakers on leveraging IC to enhance organizational agility and performance, offering a roadmap for organizations navigating systemic crises. The main limitation is the context-driven focus of the research on Romanian SMEs.Practical implicationsSwitching to the practical implications, this research offers managers of small and medium-sized businesses (SMEs) in Romania insightful knowledge about how to strategically manage IC to improve organizational agility and performance and illustrates the need for the SMEs to invest in the human capital, to adapt quickly to the market changes and to invest their resources in integrating new technologies, alongside with building strong relationships (both inside and outside the organization) and to cultivate an adaptive organizational culture that is open to change and to learn.Social implicationsThis study provides guidance to the Romanian managers in finding the key to success, by ensuring competitiveness in the nowadays dynamic market, foster innovation and boost the agility and the performance of the organization.Originality/valueThe research is the first one to address the strategic importance of IC management in Romanian SMEs with a view to attaining agility and performance in turbulent times.

A Study of Determinants of Intellectual Capital Performance in Firms: The Vietnamese Case

This research examines determinants of intellectual capital (IC) performance in firms in Vietnam during the period 2007–2022 through employing the system generalized method of moments (SGMM) and the structural equation model (SEM). Our findings show that market capitalization (MC), sales growth, profitability, leverage, FDI, inflation and GDP significantly affect IC performance. Global crises influence it negatively and have a moderating effect on IC performance through MC, sales growth, and return on asset. This research contributes to the existing literature by examining IC performance with a consideration of the effect of the global crises and analyzing the moderating effect of the crises on IC performance. It also contributes to the literature by adding and examining the effect of MC on IC performance.

Financial intermediation development model as a factor of growth of population welfare in post-Soviet countries

The economy of post-Soviet countries has its own specifics, including those related to the development of the financial system and the financial intermediation market. Based on the results of a study, the author has identified a problem associated with the lack of sound tools that could be used to improve the efficiency of the financial intermediary market. The main directions of such a process are mobilization of savings, distribution of financial assets, payment system, risk management and control over market agents involved in financial transactions. The digital or cyber-social approach proposed by the author involves the use of innovations in the financial market, expanding the accumulated pool of knowledge and increasing the intellectual capital of financial intermediaries, and the active use of information and communication networks to perform various financial transactions and provide financial services. The unique characteristics of financial intermediation development in former USSR countries are determined by the emerging type of economy, characteristic of many states, which causes an insufficient degree of development of traditional forms of financial intermediation, the use of specific tools, such as Islamic finance, and poor penetration of digital technologies into the economy.

Evaluating private hospital performance from intellectual capital and digital perspective.

The objective of this study is to examine the impact of intellectual capital (IC) and its elements on private hospital performance. In addition, this study explores the moderating role of digital transformation in the relationship between IC and its elements and private hospital performance. This study selects 13 private listed hospitals from 2012 to 2022 as the sample. IC is assessed by the modified value added intellectual coefficient model, hospital performance is measured by financial performance and sustainable growth, and digital transformation is measured using text analysis. Multiple regression analysis is used to do the analyses. The results show that IC and only one element (structural capital) have a positive impact on private hospital performance, while human and relational capitals have no significant impact. Surprisingly, digital transformation negatively moderates the relationship between IC and private hospital performance. This study underscores the pivotal role of IC in enhancing the performance of private hospitals, and hospital managers should accelerate hospital digital transformation in the digital era.

Intellectual capital, bank longevity, and size: Pathways to sustainable growth in Saudi banking through competitive advantage

This study aims to investigate the role of Intellectual Capital (IC), Sustainable Competitive Advantage (SCA), Duration Since Firm Establishment (DSE), and Bank Size (S) in fostering Sustainable Growth (SG) in Saudi Arabia’s banking sector. Data were collected from 2012 to 2022 from 10 commercial banks operating in the Saudi Arabian economy and listed on the Saudi Stock Exchange (Tadawul). The research employs Partial Least Squares Structural Equation Modeling (PLS-SEM) to analyze these relationships. Findings indicate that IC significantly enhances SCA (β = 0.639, p < 0.001), which robustly promotes SG (β = 0.473, p < 0.001). Additionally, a significant direct effect of IC on SG was observed (β = 0.674, p < 0.001). A significant relationship is also observed between DSE and SG (β = 0.956, p < 0.001), highlighting the advantage of longstanding establishments in leveraging accumulated resources for growth. However, the anticipated mediating role of IC in the relationship between DSE and SG was not supported statistically (p = 0.075), suggesting the potential for other variables to influence this dynamic relation. The study underscores the pivotal role of intellectual resources in driving competitive advantages and growth sustainability in the banking industry, particularly within the rapidly evolving economic landscape of Saudi Arabia. These findings offer valuable insights for policymakers and banking institutions looking to leverage intellectual assets and competitive positioning for long-term success.