Intellectual capital and corporate profitability: zooming into value added intellectual coefficient

Irene Wei Kiong Ting, Qian Long Kweh, Jawad Asif and Hanh Thi My Le

International Journal of Learning and Intellectual Capital, 2022, vol. 19, issue 5, 461-489

Abstract: This study examines how value-added intellectual coefficient (VAIC™) and the modified VAIC™ affect corporate profitability. Using a Vietnamese corporate financial dataset of 1,624 firm-year observations for the period of 2009-2018, this study finds that intellectual capital (IC), as estimated by VAIC™ and modified VAIC™, has positive impacts on corporate profitability. However, the positive association between IC and profitability is clearer in the scatterplot involving the modified VAIC™. Although VAIC™ and modified VAIC™ consistently suggest positive impacts of IC on corporate profitability, the components of the two show different outcomes. This study stimulates the need to further examine not only VAIC™ but also other IC measurement models to help practitioners better estimate their IC for the best possible corporate profitability.

Keywords: intellectual capital; value added intellectual coefficient; VAIC™; modified VAIC™; corporate profitability. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlica:v:19:y:2022:i:5:p:461-489

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