Intellectual Capital and Firm Performance: A Dynamic Relationship in Crisis Time

The link between organisational performance and intellectual capital is becoming more and more an interesting issue, especially in times of severe economic turbulence, when companies are seeking for new solutions in order to survive and develop their business. This paper analyses the structure of the intellectual capital and its influence on the economic performances based on the VAIC model. The results were obtained by applying certain regression models and suggest that, in crisis time, the development of companies is influenced by the human and the stnictural capital, while profitability is additionally linked to the financial capital through the value added intellectual capital coefficient. (C) 2013 The Authors. Published by Elsevier B.V.