Intellectual capital and its consequences on company performance: a study of Indian sectors

Raman Deep Singh and Karam Pal Narwal

International Journal of Learning and Intellectual Capital, 2015, vol. 12, issue 3, 300-322

Abstract: The present study analysed the association of intellectual capital components (human, structural and physical capital) with economic, financial and stock market performance in manufacturing, service and technology sector of India. Value added intellectual co-efficient (VAIC™) method has been applied to measure efficiency of intellectual capital. The results of the study evince that human capital efficiency (HCE) is positively associated with financial performance and negatively associated with stock market performance in all sectors respectively. It is also found that structural capital efficiency (SCE) is not playing any role in improving the economic, financial and stock market performance of the companies. Finally, the study shows that capital employed efficiency (CEE) has a significant impact on economic and financial performance of the companies of all the sectors. The study provides useful suggestions to the researchers, academicians, investors and government regarding importance of intellectual capital measurement and its relation with financial performance.

Keywords: intellectual capital measurement; human capital efficiency; HCE; structural capital efficiency; SCE; capital employed efficiency; CEE; stock market performance; economic performance; financial performance; India; organisational performance; firm performance. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=70169 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlica:v:12:y:2015:i:3:p:300-322

Access Statistics for this article

More articles in International Journal of Learning and Intellectual Capital from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().