INTELLECTUAL CAPITAL AND FIRM PERFORMANCE: THE EMERGENCE OF KNOWLEDGE BASED ECONOMY
Keywords:
Intellectual capital, Firm Performance, value-added intellectual coefficient, Resource Based ViewAbstract
In the last few decades ‘intellectual capital’ has been among the most investigated constituent of corporate finance and accounting research. The immense empirical and theoretical research published in different journals, for instance, “Measuring Business Excellence” and the development and formation of specific journal, such as, “Journal of Intellectual Capital” are the evidence of this novel and emergent area of research. After the 1997 Asian financial crisis and the great financial crisis of 2008, the significance and magnitude of IC increase. The motive behind the critical role of IC during financial instability and disorder is that when companies are economically vulnerable and troubled during the financial disorder, the firms consider and explore alternative approaches of survival, such as, the use of intangible assets and resources.
Downloads
References
Al-Musali, M. A., & Ismail, K. N. I. K. (2016). Cross-country comparison of intellectual capital performance and its impact on financial performance of commercial banks in GCC countries. International Journal of Islamic and Middle Eastern Finance and Management, 9(4).
Alvesson, M. (2000). SOCIAL IDENTITY AND THE PROBLEM OF LOYALTY IN
KNOWLEDGE-INTENSIVE COMPANIES. Journal of Management Studies, December, 1–23. papers2://publication/uuid/9C5C1AC9-FAAE-44A5-83D3- E5E58178CC1E
Alvesson, M. (2001). Knowledge work: Ambiguity, image and identity. Human Relations, 54(7), 863–886. https://doi.org/10.1177/0018726701547004
Amit, R., & Schoemaker, P. (1993). STRATEGIC ASSETS AND ORGANIZATIONAL
RENT. Strategic Management Journal, 14(1), 33–46.
Andriessen, D. (2004). Making Sense of Intellectual Capital. In Making Sense of Intellectual Capital. https://doi.org/10.4324/9780080510712
Austin, G., & Sugihara, K. (2008). labour-intensive industrializa tion.
Bandt, J. De. (1999). The Concept of Labour and Competence Requirements in a Service Economy. The Service Industries Journal, 19(1), 1–17. https://doi.org/10.1080/02642069900000001
Barney, J. (1991). Firm resources and sustained competitive advantage.pdf. In Journal of Management (Vol. 17, Issue 1, pp. 99–120). https://doi.org/10.1177/014920639101700108
Bontis, N. (1998). Intellectual capital: an exploratory study that develops measures and models. Management Decision, 36(2), 63–76. https://doi.org/10.1108/00251749810204142
Boulton, R., Libert, B., & Samek, S. (2000). A BUSINESS MODEL FOR THE NEW
ECONOMY. Journal of Business Strategy Accountability Journal Iss Accountability Journal, 13(6), 13–17. http://dx.doi.org/10.1108/eb039463%5Cnhttp://%5Cnhttp://dx.doi.org/10.1108/0951357 0710830290
Brennan, N., & Connel, B. (2000). Intellectual capital: current issues and policy implications.
Journal of Intellectual Capital, 1(3), 206–240.
Cabrita, M. do R., & Vaz, J. L. (2006). Intellectual Capital and Value Creation: Evidence from the Por-tuguese Banking Industry. The Electronic Journal of Knowledge Management Volume, 4(1), 11–20. http://www.ejkm.com/issue/download.html?idArticle=62
Cabrita, M., & Vaz, J. L. (2005). Intellectual Capital and Value Creation: Evidence from the Por-tuguese Banking Industry. Electronic Journal of Knowledge …, 4(1), 11–20.
Clarke, M., Seng, D., & Whiting, R. H. (2011). Intellectual capital and firm performance in Australia. Journal of Intellectual Capital, 12(4), 505–530. https://doi.org/10.1108/14691931111181706
Das, D., Council, I., Ec, I., Wadhwa, D., Council, I., Ec, I., & Wadhwa, D. (2015). The Employment Potential of Labor Intensive Industries in India ’ s Organized Manufacturing Working Paper No . 236 The Employment Potential of Labor Intensive Industries in India ’ s Organized Manufacturing Deb Kusum Das. August.
Demediuk, P. (2002). Intellectual Capital Reporting: New Accounting for the New Economy.
Agricultural Economics, 7(1), 57–62.
Drucker, P. (1999). Knowledge-worker productivity: the biggest challenge. California Management Review, 41(2), 79–94.
Economywatch. (2010). Labor Intensive Industry. http://www.economywatch.com/world- industries/labor-intensive.html
Edvinsson, L., & Malone, M. (1997). Intellectual capital : realizing your company’s true value by finding its hidden brainpower (1st ed.).
Foray, D. (2000). The Economics of Knowledge. In Massachusetts Institute of Technology: Vol. (Issue ق ث ثق ق ث ق ث). Massachusetts Institute of Technology.
Ginesti, G., Caldarelli, A., & Zampella, A. (2018). Exploring the impact of intellectual capital on company reputation and performance. Journal of Intellectual Capital, 19(5), 915– 934. https://doi.org/http://dx.doi.org/10.1108/MRR-09-2015-0216
Goh, P. (2005). Intellectual capital performance of commercial banks in Malaysia. Journal of Intellectual Capital, 6(3), 385–396. https://doi.org/10.1108/14691930510611120
Goswami, G. M. M. (2016). Intellectual Capital and Firm Performance in Emerging Economies: The case of India. Review of International Business and Strategy, 26(3).
Grant, R. M. (1997). The knowledge-based view of the firm: Implications for management
practice. Long Range Planning, 30(3), 450–454. https://doi.org/10.1016/S0024- 6301(97)00025-3
Guthrie, J. (2001). The management, measurement and the reporting of intellectual capital.
Journal of Intellectual Capital, 2(1), 27–41.
Hamzah, N., & Ismail, M. N. (2008). The Importance of Intellectual Capital Management in the Knowledge-based Economy. Contemporary Management Research, 4(3), 237–262. https://doi.org/10.7903/cmr.1045
Huang, C. J., & Lui, C. J. (2005). Exploration for the relationship between innovation, IT and performance. Journal of Intellectual Capital, 6(2), 237–252. https://doi.org/10.1108/14691930510592825
Industry, L. (n.d.). labor-intensive industry. Retrieved June 8, 2019, from http://www.businessdictionary.com/definition/labor-intensive-industry.html
Jemielniak, D. (2012). The new knowledge workers. The New Knowledge Workers.
https://doi.org/10.4337/9780857933119
Joshi, M., Cahill, D., Sidhu, J., & Kansal, M. (2013). Intellectual capital and financial performance: An evaluation of the Australian financial sector. Journal of Intellectual Capital, 14(2), 264–285. https://doi.org/10.1108/14691931311323887
Kenton, W. (2019). Labor Intensive. https://www.investopedia.com/terms/l/laborintensive.asp
Khalique, M., Abdul, J., Hassan, A., & Ageel, A. (2011). Relationship of Intellectual Capital With The Organizational Performance of Pharmaceutical Companies in Pakistan PhD Student , Faculty of Economics and Business , University Malaysia Sarawak . PhD Student , Faculty of Economics and Business , University M. Australian Journal of Basic and Applied Sciences, 5(12), 1964–1969.
Kim, S., Yoon, Y., Kim, B., Lee, B., & Kang, H. (2006). Knowledge-based Economy and Intellectual Capital: The Impact of National Intellectual and Information Capitals on Economic Growth in Korea. International Journal of Business and Information, 1(1), 1– 25.
Knight, D. (2011). Performance measures for increasing intellectual capital. Strategy & Leadership, 27(2), 22–27.
Lev, B. (2000). Intangibles: Management, Measurement, and Reporting. Brookings Institution Press.
Nadeem, M. (2016). Intellectual Capital and Firm Performance : Evidence from Developed ,
Emerging and Frontier Markets of the World. Lincoln University.
Nadeem, M., Gan, C., & Nguyen, C. (2017). Does intellectual capital efficiency improve firm performance in BRICS economies? A dynamic panel estimation. Measuring Business Excellence, 21(1), 65–85. https://doi.org/10.1108/MBE-12-2015-0055
Nonaka, I., & Takeuchi, H. (2007). The knowledge-creating company. Harvard Business Review, 85(7/8), 162.
O’Donnell, D., O’Regan, P., Coates, B., Kennedy, T., Keary, B., & Berkery, G. (2003). Human interaction: The critical source of intangible value. Journal of Intellectual Capital, 4(1), 82–99. https://doi.org/10.1108/14691930310455405
OECD. (1996). The knowledge-based economy. Organisation for Economic Co-Operation and Development (OECD).
Pablos, P. O. de. (2004). The nurture of knowledge-based resources through the design of an architecture of human resource management systems : implications for strategic management Patricia Ordóñez de Pablos. Int.J.Technology Management, 27, 533–543.
Pal, K., & Soriya, S. (2012). IC performance of Indian pharmaceutical and textile industry.
Journal of Intellectual Capital, 13(1), 120–137. https://doi.org/10.1108/14691931211196240
Peteraf, M. (1993). The Cornerstones of Competitive Advantage: a Resource Based View.
Strategic Management Journal, 14(April 1992), 179–191. https://doi.org/10.1017/CBO9781107415324.004
Pettinger, T. (2018). Labour intensive. https://www.economicshelp.org/blog/glossary/labour- intensive/
Prahalad, C. K., & Hamel, G. (1990). The Core Competence of the Corporation. Harvard Business Review, 68(3), 79–91. https://doi.org/10.1007/3-540-30763-X_14
Pulic, A. (1998). In Measuring the performance of intellectual potential in knowledge economy.
Pulic, A. (2004). Intellectual capital – does it create or destroy value? Measuring Business Excellence, 8(1), 62–68. https://doi.org/10.1108/13683040410524757
Quinn, J. B. (1992). The intelligent enterprise a new paradigm. Academy of Management Executive, 6(4), 109–121. https://doi.org/10.5465/ame.2005.19417913
Rangone, A. (1997). Linking organizational effectiveness, key success factors and performance measures: An analytical framework. Management Accounting Research, 8(2), 207–219. https://doi.org/10.1006/mare.1996.0039
Reed, K. K., & Lubatkin, M. (2006). Proposing and Testing an Intellectual Capital-Based View of the Firm. Journal OfManagement Studies, 43(4), 867–893.
Riley, J. (n.d.). Capital and Labour Intensity. Retrieved June 7, 2019, from https://www.tutor2u.net/business/reference/capital-and-labour-intensity
Robertson, M., & Swan, J. (1998). Modes of organizing in an expert consultancy: a case study of knowledge. Journal of Contemporary Ethnography, 5(4), 357–386. https://doi.org/10.1177/07399863870092005
Roos, J., Roos, G., Dragonetti, N. C., & Edvinsson, L. (1997). Intellectual Capital: Navigating in the New Business Landscape. MACMILLAN PRESS LTD.
Sharabati, A. A. A., Jawad, S. N., & Bontis, N. (2010). Intellectual capital and business performance in the pharmaceutical sector of Jordan. Management Decision, 48(1), 105–
https://doi.org/10.1108/00251741011014481
Smith, E. (2001). The role of tacit and explicit knowledge in the workplace. Journal of Knowledge Management, 5(4), 311–321. https://doi.org/10.1108/13673270110411733
Stewart, T. (2002). The Wealth of Knowledge: Intellectual Capital in the Twenty-First Century Organization. In Harvard Business Review. http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=6026383
Stewart, T., & Ruckdeschel, C. (1998a). Intellectual capital: The new wealth of organizations
(pp. 56–59).
Stewart, T., & Ruckdeschel, C. (1998b). The new wealth of organizations. Wiley Online Library.
Sveiby, K.-E. (2001). A knowledge-based theory of the firm to guide in strategy formulation.
Journal of Intellectual Capital, 2(4), 344–358.
Swart, J., & Kinnie, N. (2003). Sharing knowledge in knowledge-intensive firms. Human Resource Management Journal, 13(2), 60–75.
William, S. (1992). LEARNING BY KNOWLEDGE-INTENSIVE FIRMS. Journal of
Management Studies, 29(6), 163–166.
Windrum, P., & Tomlinson, M. (1999). Knowledge-intensive services and international competitiveness : a four country comparison. Technology Analysis & Strategic Management, 11(3), 391–408.
Wood, J. (2003). Australia: an under performing knowledge nation? Journal of Intellectual Capital, 4(2), 144–164.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
