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Nexus Between Intellectual Capital and Sustainable Growth: Moderating Roles of Military-Experienced CEOs and Sustainable Corporate Governance

Author

Listed:
  • Muhammad Usman Arshad

    (Department of Commerce, University of Gujrat, Gujrat 50700, Pakistan)

  • Rafique Ur Rehman Memon

    (Department of Economics, Greenwich University, Karachi 75500, Pakistan)

  • Waleed Anwar

    (Department of Commerce, University of Gujrat, Gujrat 50700, Pakistan)

  • Fayaz Hussain Tunio

    (Department of Law, Shaheed Zulfiqar Ali Bhutto University of Law, Karachi 75600, Pakistan)

  • Paulo Jorge Silveira Ferreira

    (Department of Economic and Organizational Sciences, Portalegre Polytechnic University, Praça do Município, 11, 7300-110 Portalegre, Portugal
    VALORIZA-Research Center for Endogenous Resource Valorization, 7300-555 Portalegre, Portugal)

Abstract

This study explores the nexus between intellectual capital (IC) and the sustainable growth rate (SGR), with a unique emphasis on the moderating roles of military-experienced CEOs (MCEOs) and sustainable corporate governance (SCG). We utilize the Method of Movement Quantile Regression Analysis (MMQR) with data gathered from 750 Chinese non-financial firms listed on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) from 2010 to 2022. The findings indicate that IC exerts a favorable and significant influence on the SGR across various quantiles. Furthermore, across multiple quantiles, the SGR exhibits a positive and strong correlation with capital employed efficiency (CEE), human capital efficiency (HCE), and structural capital efficiency (SCE). Moderation analysis reveals that MCEOs and SCG demonstrate a positive correlation between IC and the SGR. The results extend our understanding of how MCEOs and SCG can enhance the SGR through effective IC utilization.

Suggested Citation

  • Muhammad Usman Arshad & Rafique Ur Rehman Memon & Waleed Anwar & Fayaz Hussain Tunio & Paulo Jorge Silveira Ferreira, 2024. "Nexus Between Intellectual Capital and Sustainable Growth: Moderating Roles of Military-Experienced CEOs and Sustainable Corporate Governance," Sustainability, MDPI, vol. 16(23), pages 1-28, November.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:23:p:10533-:d:1533980
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