Journal of Management Research and Analysis
Official Publication of Innovative Education and Scientific Research Foundation
Official Publication of Innovative Education and Scientific Research Foundation
Print ISSN: 2394-2762
Online ISSN: 2394-2770
CODEN : JMRABX
Journal of Management Research and Analysis (JMRA) open access, peer-reviewed quarterly journal publishing since 2014 and is published under auspices of the Innovative Education and Scientific Research Foundation (IESRF), aim to uplift researchers, scholars, academicians, and professionals in all academic and scientific disciplines. IESRF is dedicated to the transfer of technology and research by publishing scientific journals, research content, providing professional’s membership, and conducting conferences, seminars, and award programs. With more...Original Article
Author Details :
Volume : 11, Issue : 2, Year : 2024
Article Page : 123-130
https://doi.org/10.18231/j.jmra.2024.021
Abstract
This paper examined the association of intellectual capital and physical capital with financial performance (productivity and profitability) and market valuation (MB) in technology sector of India. IC efficiency of the companies was measured through Value added intellectual coefficient (VAIC) methodology. To examine the relationship of intellectual capital with financial performance and market valuation, the panel regression models have been employed in the study. The results evinced that value added intellectual capital coefficient (VAIN) has no relationship financial performance measures (ATO and ROA) and market valuation (MB) respectively. The results also found that physical and financial capital (VACA) has a significant influence on productivity and profitability of the organization. It is divulged that Indian technology-intensive firms still depend on tangible assets for organizational efficiency. This study is an eye opener for policy makers, government officials and other stakeholders to analyze the factors for non-existence relationship of intellectual capital with financial performance and market valuation respectively.
Keywords: Technology Industry, Intellectual Capital, Productivity, Profitability, Market Valuation
How to cite : Singh R D, The impact of intellectual capital on financial performance: An empirical investigation of Indian technology industry. J Manag Res Anal 2024;11(2):123-130
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