IDEAS home Printed from https://ideas.repec.org/a/ids/ijlica/v11y2014i2p91-106.html
   My bibliography  Save this article

Exploring intellectual capital in family firms. An empirical investigation

Author

Listed:
  • Giulio Greco
  • Silvia Ferramosca
  • Marco Allegrini

Abstract

We investigate the influence of family ownership and family involvement in the management on the firm's intellectual capital (IC). The resource-based theory of the firm predicts both benefits and disadvantages of the family on the firm's IC. Using Pulic's VAIC as a proxy for the IC of the company, we test two sets of competing hypotheses through multivariate regressions of panel data from Italian listed companies. The results show that family firms have a significantly higher average VAIC than non-family firms. We find a non-linear association between family involvement in the management and IC. At lower levels, the family involvement has a positive association with IC. At higher levels, when the benefits of the family interaction with the business are overcompensated by the disadvantages, the relationship reverses and becomes negative. The research can contribute to both the academic literature on intellectual capital and to family business studies.

Suggested Citation

  • Giulio Greco & Silvia Ferramosca & Marco Allegrini, 2014. "Exploring intellectual capital in family firms. An empirical investigation," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 11(2), pages 91-106.
  • Handle: RePEc:ids:ijlica:v:11:y:2014:i:2:p:91-106
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=60802
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferramosca, Silvia & Allegrini, Marco, 2018. "The complex role of family involvement in earnings management," Journal of Family Business Strategy, Elsevier, vol. 9(2), pages 128-141.
    2. Vincenzo Scafarto & Federica Ricci & Elisabetta Magnaghi & Salvatore Ferri, 2021. "Board structure and intellectual capital efficiency: does the family firm status matter?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(3), pages 841-878, September.
    3. Stefania Veltri & Romilda Mazzotta & Franco Ernesto Rubino, 2021. "Board diversity and corporate social performance: Does the family firm status matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1664-1679, November.
    4. Silvia Ferramosca & Giulio Greco & Marco Allegrini, 2017. "External audit and goodwill write-off," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(4), pages 907-934, December.
    5. Giovanna Gavana & Pietro Gottardo & Anna Maria Moisello, 2023. "Board diversity and corporate social performance in family firms. The moderating effect of the institutional and business environment," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(5), pages 2194-2218, September.
    6. Salawati Sahari & Santy Mayda Batubara, 2019. "The Identification of Indonesia and Malaysia Company Performance Based on Intellectual Capital," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(10), pages 1171-1183, October.
    7. Gianluca Ginesti & Mario Ossorio, 2021. "The influence of family-related factors on intellectual capital performance in family businesses," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(2), pages 535-560, June.
    8. Luciano Marchi & Giulio Greco, 2016. "Percorsi di integrazione tra auditing e controllo di gestione," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2016(3), pages 5-7.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijlica:v:11:y:2014:i:2:p:91-106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=86 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.