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

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Date

2022

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Publisher

Inderscience Publishers

Abstract

This study examines how value-added intellectual coefficient (VAICTM) and the modified VAICTM 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 VAICTM and modified VAICTM, has positive impacts on corporate profitability. However, the positive association between IC and profitability is clearer in the scatterplot involving the modified VAICTM. Although VAICTM and modified VAICTM 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 VAICTM but also other IC measurement models to help practitioners better estimate their IC for the best possible corporate profitability. Copyright © 2022 Inderscience Enterprises Ltd.

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Keywords

corporate profitability, intellectual capital, modified VAICTM, VAICTM, value added intellectual coefficient

Citation

Ting, I. W. K., Kweh, Q. L., Asif, J., & Le, H. T. M. (2022). Intellectual capital and corporate profitability: Zooming into value added intellectual coefficient. International Journal of Learning and Intellectual Capital, 19(5), 461-489. doi:10.1504/IJLIC.2022.125350

URI

https://doi.org/10.1504/IJLIC.2022.125350
 https://hdl.handle.net/20.500.12519/739

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Accounting & Finance