Intellectual capital and corporate profitability: Zooming into value added intellectual coefficient
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 VAI...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Inderscience Enterprises Ltd.
2022
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/36651/1/Ting%20et%20al.%20%282022%29_IJLIC.pdf http://umpir.ump.edu.my/id/eprint/36651/7/Intellectual%20capital%20and%20corporate%20profitability.pdf http://umpir.ump.edu.my/id/eprint/36651/ https://doi.org/10.1504/IJLIC.2022.125350 https://doi.org/10.1504/IJLIC.2022.125350 |
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| Summary: | 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. |
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