Intellectual capital and firm performance: the role of institutional ownership

IF 1.2 Q3 BUSINESS, FINANCE

International Journal of Managerial and Financial Accounting Pub Date : 2023-01-01 DOI:10.1504/ijmfa.2023.133777

Ranjit Tiwari

引用次数: 0

Abstract

Prior studies have looked at how intellectual capital affects firm performance without taking institutional ownership into account. This study aims to investigate the potential moderating effects of institutional ownership on the association between intellectual capital and firm performance. The results of the panel generalised method of moments (GMM) using data for 767 manufacturing firms from 2010 to 2019 showed that the two components of intellectual capital that consistently affect firm performance are the human capital coefficient and structural capital coefficient. In addition, institutional ownership is seen to moderate the effect of the human capital coefficient on firm performance rather than having a direct impact on it. Furthermore, the influence of the human capital coefficient on firm performance is moderated by the promoter institutional ownership.

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智力资本与企业绩效:机构所有权的作用

先前的研究在不考虑机构所有权的情况下，研究了智力资本如何影响公司绩效。本研究旨在探讨机构所有权对智力资本与企业绩效之间关系的潜在调节作用。采用面板广义矩量法(GMM)对2010 - 2019年767家制造业企业的数据进行分析，结果表明，持续影响企业绩效的智力资本的两个组成部分是人力资本系数和结构资本系数。此外，机构所有权被认为是调节人力资本系数对公司绩效的影响，而不是直接影响它。此外，人力资本系数对企业绩效的影响受到发起人机构所有权的调节。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Managerial and Financial Accounting BUSINESS, FINANCE-

CiteScore

2.10

自引率

7.10%

发文量

期刊介绍： IJMFA covers all aspects of managerial and financial accounting. The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organisation, while financial accounting is aimed at providing information to external parties. In today''s advanced manufacturing environment, various issues arise for accounting standard-setting practicing professionals. Solving the separate issues of managerial and financial accounting is a significant challenge, and IJMFA assists researchers in overcoming these challenges in an efficient, effective manner.