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

Ting, Irene Wei Kiong and Kweh, Qian Long and Asif, Jawad and Hanh, Le Thi My (2022) Intellectual capital and corporate profitability: Zooming into value added intellectual coefficient. International Journal of Learning and Intellectual Capital, 19 (5). pp. 461-489. ISSN 1479-4853 (print); 1479-4861 (online). (Published)

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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.

Item Type: Article
Additional Information: Indexed by Scopus
Uncontrolled Keywords: Corporate profitability; Intellectual capital; Modified VAICTM; VAICTM; Value added intellectual coefficient
Subjects: H Social Sciences > HG Finance
Faculty/Division: Faculty of Industrial Management
Institute of Postgraduate Studies
Depositing User: Dr. Irene Ting Wei Kiong
Date Deposited: 28 Feb 2023 03:44
Last Modified: 28 Feb 2023 03:44
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