Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics
2024
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2025
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my.uniten.dspace-373952025-03-16T02:02:15Z Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics Rawan A.A.Jos 2024 The prevailing consensus in the fields of management and accounting literature is that intellectual capital (IC) has supplanted physical assets as the primary driver of competitive advantage. Therefore, the management of IC has emerged as a significant focal point for managers seeking to improve firm performance (FP). This research aims to examine the impact of intellectual capital components on firm performance and the influence of the moderating role of board characteristics on the said relationship. The board characteristics (BC) in Jordanian companies are crucial as they significantly impact the relationship between intellectual capital efficiency and firm performance, given their role in strategic decision-making, resource allocation, risk management, and stakeholder accountability within the unique economic and regulatory context of Jordan. The hypotheses are tested using STATA 15.2 software for a sample of 92 Jordanian service and industrial listed firms from 2014 to 2018. The examination covered a period of five years and contained the observations on 460 companies. Intellectual capital is measured using the extended and modified value added (VA) intellectual coefficient model (VAIC). The components of intellectual capital examined include human, structural, relational, employed, and innovative capital. Consequently, the evaluation method employed for assessing firm performance is accounting-based, involving metrics like return on assets (ROA), return on equity (ROE), and earnings per share (EPS). In contrast, the gauge used to measure performance from a market-based perspective is Tobin's Q. The results of this study indicate that the components of intellectual capital efficiency have a considerable impact on firm performance, while structural capital efficiency has an insignificant effect on firm performance. There also exists a statistically significant link between human capital, employed capital, innovation, and relational capital with firm performance. It was observed that board characteristics demonstrate a moderating role on the association between intellectual capital efficiency and firm performance. This study provides various theoretical and practical perspectives on intellectual capital efficiency, firm performance, and board characteristics. Theoretically, this study is consistent with the Resource-Based View and Agency Theory. Practically, this study is expected to provide managers with guidelines for service, and industrial firms to continue improving the components of intellectual capital, particularly by investing more in employee competencies and capabilities as well as training programmers to achieve competitive advantage and ensure continued success in the future. The findings of this study also have important implications for stakeholders including investors, policymakers, researchers, and regulators. Specifically, these implications pertain to making more informed investment decisions in the capital market and improving the overall performance of firms. 2025-03-10T05:05:00Z 2025-03-10T05:05:00Z 2025-03-05 Resource Types::text::Thesis https://irepository.uniten.edu.my/handle/123456789/37395 en application/pdf |
| institution |
Universiti Tenaga Nasional |
| building |
UNITEN Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
Universiti Tenaga Nasional |
| content_source |
UNITEN Institutional Repository |
| url_provider |
http://dspace.uniten.edu.my/ |
| language |
English |
| description |
2024 |
| format |
Resource Types::text::Thesis |
| author |
Rawan A.A.Jos |
| spellingShingle |
Rawan A.A.Jos Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| author_facet |
Rawan A.A.Jos |
| author_sort |
Rawan A.A.Jos |
| title |
Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| title_short |
Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| title_full |
Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| title_fullStr |
Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| title_full_unstemmed |
Intellectual capital efficiency and firm performance in Jordan: the moderating role of board characteristics |
| title_sort |
intellectual capital efficiency and firm performance in jordan: the moderating role of board characteristics |
| publishDate |
2025 |
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1827448202459086848 |
| score |
13.251813 |