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The intellectual capital efficiency and corporate sustainable growth nexus: comparison from agriculture, tourism and renewable energy sector

Author

Listed:
  • Xin Long Xu

    (Hunan Normal University
    Chinese Academy of Sciences)

  • Jianping Li

    (University of Chinese Academy of Sciences)

  • Dengsheng Wu

    (Chinese Academy of Sciences)

  • Xi Zhang

    (Beijing Technology and Business University)

Abstract

In the new situation of Chinese economic development, how to achieve sustainable development of enterprises has become an important issue concerned by managers and investors. This paper selects the listed companies of agriculture, tourism and renewable energy industry as research samples, employs the MVAIC (Modified value-added intellectual coefficient) model and runs the panel data to explore the role of capital employed efficiency, intellectual capital efficiency and its components on corporate sustainable growth. The results show that in the full sample, the capital employed efficiency, intellectual capital efficiency and its components have a significant positive effect on corporate sustainable growth. In the industries samples, the impact of the relationship capital efficiency on corporate sustainable growth of agricultural enterprises is not significant, and the impact of structural capital efficiency on corporate sustainable growth of tourism enterprises is not significant. While there is a significant positive impact of intellectual capital efficiency and its components on corporate sustainable growth of renewable energy enterprises. Based on the conclusions, this paper proposes policy suggestions for promoting the sustainable development of enterprises, aiming to provide theoretical guidance and empirical evidence for managers to invest and develop intellectual capital.

Suggested Citation

  • Xin Long Xu & Jianping Li & Dengsheng Wu & Xi Zhang, 2021. "The intellectual capital efficiency and corporate sustainable growth nexus: comparison from agriculture, tourism and renewable energy sector," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(11), pages 16038-16056, November.
    • Handle: RePEc:spr:endesu:v:23:y:2021:i:11:d:10.1007_s10668-021-01319-x
    DOI: 10.1007/s10668-021-01319-x
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    References listed on IDEAS

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    Cited by:

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    3. Jinsong Zhang & Yiding Wang, 2022. "How to Improve the Corporate Sustainable Development?—The Importance of the Intellectual Capital and the Role of the Investor Confidence," Sustainability, MDPI, vol. 14(7), pages 1-17, March.
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    5. Jan Polcyn, 2022. "Determining Value Added Intellectual Capital (VAIC) Using the TOPSIS-CRITIC Method in Small and Medium-Sized Farms in Selected European Countries," Sustainability, MDPI, vol. 14(6), pages 1-20, March.
    6. Xiyuan Yu & Wenli Liu & Lingli Qing & Di Zhang, 2023. "Improving Farm Cooperatives’ Performance and Sustainability: A Study of Agricultural Managers’ Competencies Based on the Grounded Theory and the fsQCA Methods," Sustainability, MDPI, vol. 15(2), pages 1-16, January.
    7. Maria-Isabel Sanchez-Segura & Roxana González-Cruz & Fuensanta Medina-Dominguez & German-Lenin Dugarte-Peña, 2022. "Valuable Business Knowledge Asset Discovery by Processing Unstructured Data," Sustainability, MDPI, vol. 14(20), pages 1-24, October.
    8. Dongmei Shi & Lili Ren & Hongyu Li & Haizhen Zhang & Rufei Zhang, 2023. "Analysis of the Spatial Differentiation and Promotion Potential for Agricultural Eco-Efficiency—Evidence of Pollution’s Strong Disposability," IJERPH, MDPI, vol. 20(3), pages 1-20, January.
    9. Md. Sohel Rana & Syed Zabid Hossain, 2023. "Intellectual Capital, Firm Performance, and Sustainable Growth: A Study on DSE-Listed Nonfinancial Companies in Bangladesh," Sustainability, MDPI, vol. 15(9), pages 1-23, April.

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