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Effects of intellectual capital investments on productivity and profitability

Author

Listed:
  • Jaani Vaisanen
  • Paula Kujansivu
  • Antti Lonnqvist

Abstract

The objective is to determine how investments in Intellectual Capital (IC) affect a company's productivity and profitability. The examination is based on a large set of financial statement information covering a three-year period. Time-lagged correlation and regression analyses are used to study the relationships within the whole data set, in different industries as well as in SMEs and large companies. The findings suggest that the short-term impact of IC investments on productivity and profitability is negative. However, the findings also provide support for the earlier research evidence suggesting that investments in IC do yield benefits, but they may come with a delay.

Suggested Citation

  • Jaani Vaisanen & Paula Kujansivu & Antti Lonnqvist, 2007. "Effects of intellectual capital investments on productivity and profitability," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 4(4), pages 377-391.
    • Handle: RePEc:ids:ijlica:v:4:y:2007:i:4:p:377-391
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    Citations

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    Cited by:

    1. Tatiana Andreeva & Tatiana Garanina, 2017. "Intellectual Capital and Its Impact on the Financial Performance of Russian Manufacturing Companies," Foresight-Russia Форсайт, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 11(1 (eng)), pages 31-40.
    2. H.S.M. Deghles & N.R. Kelchevskaya, 2021. "The Impact of Intellectual Capital on Performance and Investment Attractiveness of Russian Companies," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(1), pages 110-132.
    3. Stefano Fontana & Daniela Coluccia & Silvia Solimene, 2019. "VAIC as a Tool for Measuring Intangibles Value in Voluntary Multi-Stakeholder Disclosure," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1679-1699, December.

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