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Intellectual Capital, Technological Intensity and Firm Performance: The Case of Emerging Countries

Author

Listed:
  • Mehtap Öner

    (Marmara University)

  • Asli Aybars

    (Marmara University)

  • Murat Çinko

    (Marmara University)

  • Emin Avci

    (Marmara University)

Abstract

While neglecting the importance of technological intensity, most of the prior studies documented the positive contribution of intellectual capital (IC) to corporate financial performance. This study aims at analyzing the relation between IC and corporate financial performance addressing the technological intensity in different sectors from 17 emerging countries. The impact of IC, which is measured by Value Added Intellectual Coefficient (VAIC) and its components; Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), and Structural Capital Efficiency (SCE), on corporate financial performance will be evaluated using panel data analysis for the period between 2009-2019. Accordingly, IC and its components are found to be significant drivers of financial performance being higher for sectors that are more technology intensive. Moreover, human and physical capital are the main components, which boost finance performance for all groups irrespective of technological intensity in the emerging market context.

Suggested Citation

  • Mehtap Öner & Asli Aybars & Murat Çinko & Emin Avci, 2021. "Intellectual Capital, Technological Intensity and Firm Performance: The Case of Emerging Countries," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 68(4), pages 459-479, November.
    • Handle: RePEc:aic:saebjn:v:68:y:2021:i:4:p:459-479:n:4
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    References listed on IDEAS

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    1. Muhammad Nadeem & Christopher Gan & Cuong Nguyen, 2018. "The Importance of Intellectual Capital for Firm Performance: Evidence from Australia," Australian Accounting Review, CPA Australia, vol. 28(3), pages 334-344, September.
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