Impact of Intellectual Capital on the Financial Performance of Innovation-Driven Pharmaceutical Firms: Empirical Evidence from India

被引：15

作者：

Gupta, Juhi ^{[1
]}

Rathore, Payal ^{[2
]}

Kashiramka, Smita ^{[1
]}

机构：

[1] Indian Inst Technol, Dept Management Studies, New Delhi, India

[2] Univ Illinois, Dept Econ, Champaign, IL USA

来源：

JOURNAL OF THE KNOWLEDGE ECONOMY | 2023年 / 14卷 / 02期

关键词：

VAIC; Intellectual capital; Financial performance; Intangible assets; Pharmaceutical sector; India; CORPORATE PERFORMANCE; BUSINESS PERFORMANCE; BANKS; GROWTH; SECTOR; TOOL;

D O I：

10.1007/s13132-022-00927-w

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper seeks to investigate the nature and intensity of the relationship between intellectual capital (IC) and financial performance using a comparative framework of the VAIC (TM) and e-VAIC (TM) models. Using panel data of listed Indian pharmaceutical companies between 2009 and 2018, the study finds a significant positive relationship between IC and financial performance. Within the components of VAIC, capital employed efficiency has the highest predictive power suggesting that physical resources continue to be the driving source of firm performance. Further, adding relational capital improves the overall performance of e-VAIC (TM) models compared to the VAIC (TM) model.

引用

页码：1052 / 1076

页数：25

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