How do the components of green intellectual capital influence organisational performance? - An empirical study on Indian energy sector using the partial-least-squares method

The objective of the study is to examine the impact of different green intellectual capital (GIC) dimensions on organisational performance including financial and operational performance. Unlike the existing literature that have classified GIC into green human capital, green structural capital and green relational capital, this study considers green spiritual capital as another important dimension of GIC, which is expected to influence organisational outcomes. Data was collected through a questionnaire survey from the organisations operating in Indian energy sector. Exploratory factor analysis for GIC supports the inclusion of the new dimension in its construct. Confirmatory factor analysis validates the measurement model. Hypothesised relationships have been examined by applying structural equation modelling using partial-least-square method. In line with natural resource-based theory, the findings reveal that the dimensions of GIC have varying degrees of effects on organisational performance. The study provides new insights in the area and highlights significant theoretical and practical implications.