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Intellectual Capital and Performance Analysis

Works Count: 31731

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This cluster of papers focuses on the relationship between intellectual capital and business performance, including the measurement, reporting, and management of knowledge assets. It explores the impact of intellectual capital on financial performance, market value, and corporate governance structures, as well as the role of human capital and organizational learning capability in driving business success.

Keywords

Intellectual Capital; Business Performance; Knowledge Assets; Content Analysis; Corporate Governance; Human Capital; Financial Performance; Knowledge Management; Organizational Learning Capability; Intangible Assets

A Resource-Based Perspective on Information Technology Capability and Firm Performance: An Empirical Investigation

2000-03-01

Anandhi Bharadwaj

The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the … The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the association between IT capability and firm performance. Firm specific IT resources are classified as IT infrastructure, human IT resources, and IT-enabled intangibles. A matched-sample comparison group methodology and publicly available ratings are used to assess IT capability and firm performance. Results indicate that firms with high IT capability tend to outperform a control sample of firms on a variety of profit and cost-based performance measures.

Intangibles: Management, Measurement, and Reporting

2001-12-01

Chris Higson

Managing organisational knowledge by diagnosing intellectual capital: framing and advancing the state of the field

1999-01-01

Nick Bontis

Since organisational knowledge is at the crux of sustainable competitive advantage, the burgeoning field of intellectual capital is an exciting area for both researchers and practitioners. Intellectual capital is conceptualised … Since organisational knowledge is at the crux of sustainable competitive advantage, the burgeoning field of intellectual capital is an exciting area for both researchers and practitioners. Intellectual capital is conceptualised from numerous disciplines making the field a mosaic of perspectives. Accountants are interested in how to measure it on the balance sheet, information technologists want to codify it on systems, sociologists want to balance power with it, psychologists want to develop minds because of it, human resource managers want to calculate an ROI on it, and training and development officers want to make sure that they can build it. The following article represents a comprehensive literature review from a variety of managerial disciplines. In addition to highlighting the research to date, avenues for future pursuit are also offered.

Intellectual capital literature review

2000-06-01

Richard Petty , James Guthrie

The rise of the “new economy”, one principally driven by information and knowledge, is attributed to the increased prominence of intellectual capital (IC) as a business and research topic. Intellectual … The rise of the “new economy”, one principally driven by information and knowledge, is attributed to the increased prominence of intellectual capital (IC) as a business and research topic. Intellectual capital is implicated in recent economic, managerial, technological, and sociological developments in a manner previously unknown and largely unforeseen. Whether these developments are viewed through the filter of the information society, the knowledge‐based economy, the network society, or innovation, there is much to support the assertion that IC is instrumental in the determination of enterprise value and national economic performance. First, we seek to review some of the most significant extant literature on intellectual capital and its developed path. The emphasis is on important theoretical and empirical contributions relating to the measurement and reporting of intellectual capital. The second part of this paper identifies possible future research issues into the nature, impact and value of intellectual management and reporting.

The New Organizational Wealth: Managing and Measuring Knowledge-Based Assets

1997-04-01

Karl‐Erik Sveiby

From the Publisher: This groundbreaking book offers practical advice and rules of thumb for designing a business strategy that focuses on knowledge as an intangible asset. In eight chapters, Sveiby … From the Publisher: This groundbreaking book offers practical advice and rules of thumb for designing a business strategy that focuses on knowledge as an intangible asset. In eight chapters, Sveiby assembles a veritable toolbox of knowledge-based management techniques to enable managers to meet the new business challenges of the coming century. 28 charts; 16 tables.

Measuring the strategic readiness of intangible assets.

2004-02-01

Robert S. Kaplan , D. P. Norton

Measuring the value of intangible assets such as company culture, knowledge management systems, and employees' skills is the holy grail of accounting. Executives know that these intangibles, being hard to … Measuring the value of intangible assets such as company culture, knowledge management systems, and employees' skills is the holy grail of accounting. Executives know that these intangibles, being hard to imitate, are powerful sources of sustainable competitive advantage. If managers could measure them, they could manage the company's competitive position more easily and accurately. In one sense, the challenge is impossible. Intangible assets are unlike financial and physical resources in that their value depends on how well they serve the organizations that own them. But while this prevents an independent valuation of intangible assets, it also points to an altogether different approach for assessing their worth. In this article, the creators of the Balanced Scorecard draw on its tools and framework--in particular, a tool called the strategy map--to present a step-by-step way to determine "strategic readiness," which refers to the alignment of an organization's human, information, and organization capital with its strategy. In the method the authors describe, the firm identifies the processes most critical to creating and delivering its value proposition and determines the human, information, and organization capital the processes require. Some managers shy away from measuring intangible assets because they seem so subjective. But by using the systematic approaches set out in this article, companies can now measure what they want, rather than wanting only what they can currently measure.

Information Technology Relatedness, Knowledge Management Capability, and Performance of Multibusiness Firms

2005-01-01

Tanriverdi

Business value of information technology is an enduring research question. The elusive link between IT and financial firm performance calls for further research into intermediate organizational variables through which IT … Business value of information technology is an enduring research question. The elusive link between IT and financial firm performance calls for further research into intermediate organizational variables through which IT may influence firm performance. This study proposes that knowledge management (KM) is a critical organizational capability through which IT influences firm performance. In the context of multibusiness firms, the study examines how the IT resources of a firm should be organized and managed to enhance the firm's KM capability, and whether and how KM capability influences firm performance. The study develops two hypothesizes: (1) IT relatedness of the firm's business units enhances cross-unit KM capability; (2) KM capability, in turn, leads to superior firm performance. Data from 250 Fortune 1000 firms provide empirical support for these hypotheses. IT relatedness of business units enhances the cross-unit KM capability of the firm. The KM capability creates and exploits cross-unit synergies from the product, customer, and managerial knowledge resources of the firm. These synergies increase the financial performance of the firm. IT relatedness also has significant indirect effects on firm performance through the mediation of KM capability.

The productivity paradox of information technology

1993-12-01

Erik Brynjolfsson

article Free Access Share on The productivity paradox of information technology Author: Erik Brynjolfsson View Profile Authors Info & Claims Communications of the ACMVolume 36Issue 12Dec. 1993pp 66–77https://doi.org/10.1145/163298.163309Published:01 December 1993Publication … article Free Access Share on The productivity paradox of information technology Author: Erik Brynjolfsson View Profile Authors Info & Claims Communications of the ACMVolume 36Issue 12Dec. 1993pp 66–77https://doi.org/10.1145/163298.163309Published:01 December 1993Publication History 215citation25,352DownloadsMetricsTotal Citations215Total Downloads25,352Last 12 Months2,602Last 6 weeks235 Get Citation AlertsNew Citation Alert added!This alert has been successfully added and will be sent to:You will be notified whenever a record that you have chosen has been cited.To manage your alert preferences, click on the button below.Manage my AlertsNew Citation Alert!Please log in to your account Save to BinderSave to BinderCreate a New BinderNameCancelCreateExport CitationPublisher SiteeReaderPDF

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Market orientation, marketing capabilities, and firm performance

2009-03-17

Neil A. Morgan , Douglas W. Vorhies , Charlotte H. Mason

Abstract Drawing on traditional resource‐based theory and its recent dynamic capabilities theory extensions, we examine both the possession of a market orientation and the marketing capabilities through which resources are … Abstract Drawing on traditional resource‐based theory and its recent dynamic capabilities theory extensions, we examine both the possession of a market orientation and the marketing capabilities through which resources are deployed into the marketplace as drivers of firm performance in a cross‐industry sample. Our findings indicate that market orientation and marketing capabilities are complementary assets that contribute to superior firm performance. We also find that market orientation has a direct effect on firms' return on assets (ROA), and that marketing capabilities directly impact both ROA and perceived firm performance. Copyright © 2009 John Wiley & Sons, Ltd.

Intellectual capital and traditional measures of corporate performance

2003-08-16

Steven Firer , S. Mitchell Williams

The principal purpose of this study is to investigate the association between the efficiency of value added (VA) by the major components of a firm's resource base (physical capital, human … The principal purpose of this study is to investigate the association between the efficiency of value added (VA) by the major components of a firm's resource base (physical capital, human capital and structural capital) and three traditional dimensions of corporate performance: profitability, productivity, and market valuation. Data are drawn from a sample of 75 publicly traded firms from South Africa from business sectors heavily reliant on intellectual capital. Empirical analysis is conducted using correlation and linear multiple regression analysis. Findings from the empirical analysis indicate that associations between the efficiency of VA by a firm's major resource bases and profitability, productivity and market valuation are generally limited and mixed. Overall, the empirical findings suggest that physical capital remains the most significant underlying resource of corporate performance in South Africa despite efforts to increase the nation's intellectual capital base.

LEARNING THROUGH ACQUISITIONS.

2001-06-01

Frédéric Vermeulen , Harry G. Barkema

Research on acquisitions has typically focused on acquisitions per se, examining issues such as performance and implementation problems. This study moves beyond that perspective and studies the inf... Research on acquisitions has typically focused on acquisitions per se, examining issues such as performance and implementation problems. This study moves beyond that perspective and studies the inf...

Developing intellectual capital at Skandia

1997-06-01

Leif Edvinsson

Learning and protection of proprietary assets in strategic alliances: building relational capital

2000-03-01

Prashant Kale , Harbir Singh , Howard V. Perlmutter

One of the main reasons that firms participate in alliances is to learn know-how and capabilities from their alliance partners. At the same time firms want to protect themselves from … One of the main reasons that firms participate in alliances is to learn know-how and capabilities from their alliance partners. At the same time firms want to protect themselves from the opportunistic behavior of their partner to retain their own core proprietary assets. Most research has generally viewed the achievement of these objectives as mutually exclusive. In contrast, we provide empirical evidence using large-sample survey data to show that when firms build relational capital in conjunction with an integrative approach to managing conflict, they are able to achieve both objectives simultaneously. Relational capital based on mutual trust and interaction at the individual level between alliance partners creates a basis for learning and know-how transfer across the exchange interface. At the same time, it curbs opportunistic behavior of alliance partners, thus preventing the leakage of critical know-how between them. Copyright © 2000 John Wiley & Sons, Ltd.

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Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study

2001-01-29

Gautam Ahuja , Riitta Katila

Abstract This paper examines the impact of acquisitions on the subsequent innovation performance of acquiring firms in the chemicals industry. We distinguish between technological acquisitions, acquisitions in which technology is … Abstract This paper examines the impact of acquisitions on the subsequent innovation performance of acquiring firms in the chemicals industry. We distinguish between technological acquisitions, acquisitions in which technology is a component of the acquired firm's assets, and nontechnological acquisitions: acquisitions that do not involve a technological component. We develop a framework relating acquisitions to firm innovation performance and develop a set of measures for quantifying the technological inputs a firm obtains through acquisitions. We find that within technological acquisitions absolute size of the acquired knowledge base enhances innovation performance, while relative size of the acquired knowledge base reduces innovation output. The relatedness of acquired and acquiring knowledge bases has a nonlinear impact on innovation output. Nontechnological acquisitions do not have a significant effect on subsequent innovation output. Copyright © 2001 John Wiley & Sons, Ltd.

Assessing knowledge assets: a review of the models used to measure intellectual capital

2001-03-01

Nick Bontis

This paper reviews the literature pertaining to the assessment of knowledge assets. Since knowledge assets are at the crux of sustainable competitive advantage, the burgeoning field of intellectual capital is … This paper reviews the literature pertaining to the assessment of knowledge assets. Since knowledge assets are at the crux of sustainable competitive advantage, the burgeoning field of intellectual capital is an exciting area for both researchers and practitioners. Unfortunately, the measurement of such intangible assets is difficult. A variety of models have surfaced in an attempt to measure IC and this paper aims to highlight their strengths, weaknesses and operationalizations.

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Strategic human resource practices and innovation performance — The mediating role of knowledge management capacity

2008-02-08

Chung‐Jen Chen , Jingwen Huang

Market value, R&D, and patents

1981-01-01

Zvi Griliches

The role of knowledge management in innovation

2007-07-21

Marina du Plessis

Purpose This article seeks to clarify the role of knowledge management in innovation as an aid to addressing this complexity. The article seeks to identify the drivers for application of … Purpose This article seeks to clarify the role of knowledge management in innovation as an aid to addressing this complexity. The article seeks to identify the drivers for application of knowledge management in innovation. It also details the nature of the role of knowledge management in innovation as well as its value proposition. Design/methodology/approach The methodology used was literature research and some personal experiences and interpretations. Findings In the fast changing business world of today, innovation has become the mainstay of organizations. The nature of global economic growth has been changed by the speed of innovation, which has been made possible by rapidly evolving technology, shorter product lifecycles and a higher rate of new product development. The complexity of innovation has been increased by growth in the amount of knowledge available to organizations. Originality/value Innovation is extremely dependent on the availability of knowledge and therefore the complexity created by the explosion of richness and reach of knowledge has to be recognized and managed to ensure successful innovation.

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The strategic analysis of intangible resources

1992-02-01

Richard Hall

Abstract Sustainable competitive advantage results from the possession of relevant capability differentials. The feedstock of these capability differentials is intangible resources which range from patents and licenses, to reputation and … Abstract Sustainable competitive advantage results from the possession of relevant capability differentials. The feedstock of these capability differentials is intangible resources which range from patents and licenses, to reputation and know‐how. A framework of intangible resources has been produced which formed the basis for a national survey of chief executives in the U.K. Some of the more significant findings of the survey were that: employee know‐how and reputation are perceived as the resources which make the most important contribution to business success; and that for most companies operations is the most important area of employee know how. This article argues, by means of both theoretical reasoning and empirical evidence, that the analysis of intangible resources should play a major role in the strategic management process.

Innovation and Creativity at Work: Psychological and Organizational Strategies.

1992-12-01

Dean Keith Simonton , Michael West , James L. Farr

This review of existing research aims to provide students and researchers with a clear perspective on this aspect of social change. The book adopts a largely psychological approach, arguing that … This review of existing research aims to provide students and researchers with a clear perspective on this aspect of social change. The book adopts a largely psychological approach, arguing that the introduction of new ways of working can best be understood as a social process in which human reactions are vital in determining the outcome. The book therefore has major implications and recommendations for the human resource management school. The contributors, from Europe and North America, offer insights into innovation and creativity in working life.

Intellectual capital and business performance in Malaysian industries

2000-03-01

Nick Bontis , William Chua Chong Keow , Stanley Richardson

The purpose of this empirical study is to investigate the three elements of intellectual capital, i.e. human capital, structural capital, and customer capital, and their inter‐relationships within two industry sectors … The purpose of this empirical study is to investigate the three elements of intellectual capital, i.e. human capital, structural capital, and customer capital, and their inter‐relationships within two industry sectors in Malaysia. The study was conducted using a psychometrically validated questionnaire which was originally administered in Canada. The main conclusions from this particular study are that: human capital is important regardless of industry type; human capital has a greater influence on how a business should be structured in non‐service industries compared to service industries; customer capital has a significant influence over structural capital irrespective of industry; and finally, the development of structural capital has a positive relationship with business performance regardless of industry. The final specified models in this study show a robust explanation of business performance variance within the Malaysian context which bodes well for future research in alternative contexts.

Using content analysis as a research method to inquire into intellectual capital reporting

2004-05-10

James Guthrie , R. Petty , Kittiya Yongvanich +1 more

Increasingly, researchers in the field of intellectual capital (IC) need to be able to justify the specific research methods they use to collect the empirical data that they examine to … Increasingly, researchers in the field of intellectual capital (IC) need to be able to justify the specific research methods they use to collect the empirical data that they examine to support and test opinions regarding the merit of different approaches to managing and reporting IC. Of the various methods available to researchers seeking to understand intellectual capital reporting (ICR), content analysis is the most popular. The aim of this paper is to review the use of content analysis as a research method in understanding ICR and to offer some observations on the practical utility of the method. Further, the paper examines several research method issues relating to the use of content analysis that have been discussed in the social environmental accounting literature, but not as yet in the IC literature, which we believe are relevant to investigations underway in the field of ICR. This paper reports on several developmental issues we have confronted when using content analysis to examine the voluntary disclosure of IC in annual reports by various organisations. The paper also suggests two theoretical foundations for further investigation into the voluntary disclosure of IC by organisations, and suggests why content analysis is well matched to both these theories as a means to collect empirical data to test research propositions.

The Innovator's Solution: Creating and Sustaining Successful Growth

2005-02-24

Mark J. Deck

The Relationship Between Investment in Information Technology and Firm Performance: A Study of the Valve Manufacturing Sector

1992-12-01

Peter Weill

Large amounts of resources have been and continue to be invested in information technology (IT). Much of this investment is made on the basis of faith that returns will occur. … Large amounts of resources have been and continue to be invested in information technology (IT). Much of this investment is made on the basis of faith that returns will occur. This study presents the results of an empirical test of the performance effects of IT investment in the manufacturing sector. Six years of historical data on IT investment and performance were collected for 33 valve manufacturing firms from the CEO, the controller and the production manager in each firm. Investment was perceptually categorized by management objective (i.e., strategic, informational and transactional) and tested against four measures of performance (sales growth, return on assets, and two measures of labor productivity). Heavy use of transactional IT investment was found to be significantly and consistently associated with strong firm performance over the six years studied. Heavy use of strategic IT was found to be neutral in the long term and associated only with relatively poorly performing firms in the short term. This study suggests that early adopters of strategic IT could have spectacular success but once the technology becomes common, the competitive advantage is lost. In addition, the context of the firm was included in the analysis. Conversion effectiveness, which measures the quality of the firm-wide management and commitment to IT, was found to be a significant moderator between strategic IT investment and firm performance.

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Developing a model for managing intellectual capital

1996-08-01

Leif Edvinsson , Patrick H. Sullivan

Intangible Assets: Computers and Organizational Capital

2002-01-01

Erik Brynjolfsson , Lorin M. Hitt , Shinkyu Yang

In developed economies, production requires not only such traditional factors as capital and labor but also skills, organizational structures and processes, culture, and other factors collectively referred to as "intangible … In developed economies, production requires not only such traditional factors as capital and labor but also skills, organizational structures and processes, culture, and other factors collectively referred to as "intangible assets."Detailed investigation of some of these types of assets has found that they are often large in magnitude and have important productivity benefits.For example, Dale Jorgenson and Barbara Fraumeni found that the stock of human capital in the U.S. economy dwarfs that of physical capital and has grown over time. 1 Bronwyn Hall, Zvi Griliches, and Baruch Lev and Theodore Sougiannis found evidence that research and development (R&D) assets bring benefits in the form of positive marginal product and market valuation. 2Timothy Bresnahan, Brynjolfsson, and Hitt have found that certain organizational practices, when combined with investments in information technology (IT), were associated with significant increases in productivity in the late 1980s and early 1990s. 3 Investors also attempt to incorporate intangible assets into their valuation of firms, and this is one reason that the market value of a firm may differ markedly from the value of its tangible assets alone.In particular, stock market valuations of firms have increasingly diverged from their measured book value in the past decade or so. 4 Part of the explanation may be the growing use of IT and the associated investments in intangible

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Social Capital, Intellectual Capital, and the Organizational Advantage

1998-04-01

Janine Nahapiet , Sumantra Ghoshal

Scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described as “the organizational advantage,” rather than focus on the causes … Scholars of the theory of the firm have begun to emphasize the sources and conditions of what has been described as “the organizational advantage,” rather than focus on the causes and consequences of market failure. Typically, researchers see such organizational advantage as accruing from the particular capabilities organizations have for creating and sharing knowledge. In this article we seek to contribute to this body of work by developing the following arguments: (1) social capital facilitates the creation of new intellectual capital; (2) organizations, as institutional settings, are conducive to the development of high levels of social capital; and (3) it is because of their more dense social capital that firms, within certain limits, have an advantage over markets in creating and sharing intellectual capital. We present a model that incorporates this overall argument in the form of a series of hypothesized relationships between different dimensions of social capital and the main mechanisms and proces...

Emergence of the Human Capital Resource: A Multilevel Model

2011-01-01

Robert E. Ployhart , Thomas P. Moliterno

This article offers a new approach to the conceptualization of the human capital resource by developing a multilevel model connecting micro, intermediate, and macro levels of scholarship. We define human … This article offers a new approach to the conceptualization of the human capital resource by developing a multilevel model connecting micro, intermediate, and macro levels of scholarship. We define human capital as a unit-level resource that is created from the emergence of individuals' knowledge, skills, abilities, or other characteristics. The model provides new insights into how strategically valuable human capital resources have their origins in the psychological attributes of individuals and are transformed through unit-level processes.

The Influence of Intellectual Capital on the Types of Innovative Capabilities

2005-06-01

Mohan Subramaniam , Mark A. Youndt

We examined how aspects of intellectual capital influenced various innovative capabilities in organizations. In a longitudinal, multiple-informant study of 93 organizations, we found that human, organizational, and social capital and … We examined how aspects of intellectual capital influenced various innovative capabilities in organizations. In a longitudinal, multiple-informant study of 93 organizations, we found that human, organizational, and social capital and their interrelationships selectively influenced incremental and radical innovative capabilities. As anticipated, organizational capital positively influenced incremental innovative capability, while human capital interacted with social capital to positively influence radical innovative capability. Counter to our expectations, however, human capital by itself was negatively associated with radical innovative capability. Interestingly, social capital played a significant role in both types of innovation, as it positively influenced incremental and radical innovative capabilities.

Issues in Linking Information Technology Capability to Firm Performance

2003-01-01

Santhanam , Hartono Hartono

The resource-based view has been proposed to investigate the impact of information technology (IT) investments on firm performance. Researchers have shown that a firm's ability to effectively leverage its IT … The resource-based view has been proposed to investigate the impact of information technology (IT) investments on firm performance. Researchers have shown that a firm's ability to effectively leverage its IT investments by developing a strong IT capability can result in improved firm performance. We test the robustness of this approach and examine several related issues. Our results indicate that firms with superior IT capability indeed exhibit superior current and sustained firm performance when compared to average industry performance, even after adjusting for of prior firm performance. However, the differences in the results from various analyses suggest that the impact of halo effects and prior financial performance of firms must be taken into consideration in future tests of IT capability. Further, it is critical to develop theoretically derived multidimensional measures of IT capability in order to continue to apply the RBV approach to assess the impact of IT investments on firm performance.

IT Assets, Organizational Capabilities, and Firm Performance: How Resource Allocations and Organizational Differences Explain Performance Variation

2007-10-01

Sinan Aral , Peter Weill

Despite evidence of a positive relationship between information technology (IT) investments and firm performance, results still vary across firms and performance measures. We explore two organizational explanations for this variation: … Despite evidence of a positive relationship between information technology (IT) investments and firm performance, results still vary across firms and performance measures. We explore two organizational explanations for this variation: differences in firms' IT investment allocations and their IT capabilities. We develop a theoretical model of IT resources, defined as the combination of specific IT assets and organizational IT capabilities. We argue that investments into different IT assets are guided by firms' strategies (e.g., cost leadership or innovation) and deliver value along performance dimensions consistent with their strategic purpose. We hypothesize that firms derive additional value per IT dollar through a mutually reinforcing system of organizational IT capabilities built on complementary practices and competencies. Empirically, we test the impact of IT assets, IT capabilities, and their combination on four dimensions of firm performance: market valuation, profitability, cost, and innovation. Our results—based on data on IT investment allocations and IT capabilities in 147 U.S. firms from 1999 to 2002—demonstrate that IT investment allocations and organizational IT capabilities drive differences in firm performance. Firms' total IT investment is not associated with performance, but investments in specific IT assets explain performance differences along dimensions consistent with their strategic purpose. In addition, a system of organizational IT capabilities strengthens the performance effects of IT assets and broadens their impact beyond their intended purpose. The results help explain variance in returns to IT capital across firms and expand our understanding of alignment between IT and organizations. We illustrate our findings with examples from a case study of 7-Eleven Japan.

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Measurement of Business Economic Performance: An Examination of Method Convergence

1987-03-01

N. Venkatraman , Vasudevan Ramanujam

Strategic management researchers have measured business economic performance (BEP) through either perceptual assessments of senior executives or secondary data sources, but few explicitly evaluate the degree of convergence across methods. … Strategic management researchers have measured business economic performance (BEP) through either perceptual assessments of senior executives or secondary data sources, but few explicitly evaluate the degree of convergence across methods. In an effort to examine method convergence, we collected data on three dimensions-sales growth, net income growth, and profitability (ROI) using both methods. Although convergent and discriminant validity were achieved using Campbell and Fiske's Multi Trait, Multi Method (MTMM) and Confiratory Factor Analysis (CFA), the approaches yielded different insights. The advantages of CFA over MTMM is demonstrated with implications for strategy research.

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Intellectual capital: an exploratory study that develops measures and models

1998-03-01

Nick Bontis

This paper details an empirical pilot study that explores the development of several conceptual measures and models regarding intellectual capital and its impact on business performance. The objective of this … This paper details an empirical pilot study that explores the development of several conceptual measures and models regarding intellectual capital and its impact on business performance. The objective of this pilot study is to explore the development of items and constructs through principal components analysis and partial least squares (PLS). The final retained, subjective measures and optimal structural specification show a valid, reliable, significant and substantive causal link between dimensions of intellectual capital and business performance. These results should help both academics and practitioners more readily understand the components of intellectual capital and provide insight into developing and increasing it within an organization. Suggestions are then made to advance and improve this research programme.

The knowledge toolbox:

1999-08-01

Nick Bontis , Nicola Carlo Dragonetti , Kristine Jacobsen +1 more

Knowledge Management in Theory and Practice

2013-09-05

Kimiz Dalkir

First published in 2011. As knowledge management becomes embedded within organisations it becomes more important for students to understand its principles and applications. In this text the author provides a … First published in 2011. As knowledge management becomes embedded within organisations it becomes more important for students to understand its principles and applications. In this text the author provides a comprehensive overview of the field of knowledge management with an emphasis on translating theory into practice, Working from a multidisciplinary perspective, he weaves key concepts, tools, and techniques from sociology, cognitive science, content management, knowledge engineering, cybernetics, organisational behaviour, change management and information science into a three level approach.

Beyond the business case for corporate sustainability

2002-03-01

Thomas Dyllick , Kai Hockerts

Abstract The article is intended as a contribution to the ongoing conceptual development of corporate sustainability. At the business level sustainability is often equated with eco‐efficiency. However, such a reduction … Abstract The article is intended as a contribution to the ongoing conceptual development of corporate sustainability. At the business level sustainability is often equated with eco‐efficiency. However, such a reduction misses several important criteria that firms have to satisfy if they want to become truly sustainable. This article discusses how the concept of sustainable development has evolved over the past three decades and particularly how it can be applied to the business level. It then goes on to describe the three types of capital relevant within the concept of corporate sustainability: economic, natural and social capital. From this basis we shall then develop the six criteria managers aiming for corporate sustainability will have to satisfy: eco‐efficiency, socio‐efficiency, eco‐effectiveness, socio‐effectiveness, sufficiency and ecological equity. The article ends with a brief outlook towards future research. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment

Critical success factors for implementing knowledge management in small and medium enterprises

2005-04-01

Kuan Yew Wong

Purpose To date, critical success factors (CSFs) for implementing knowledge management (KM) in small and medium enterprises (SMEs) have not been systematically investigated. Existing studies have derived their CSFs from … Purpose To date, critical success factors (CSFs) for implementing knowledge management (KM) in small and medium enterprises (SMEs) have not been systematically investigated. Existing studies have derived their CSFs from large companies' perspectives and have not considered the needs of smaller businesses. This paper is aimed to bridge this gap. Design/methodology/approach Existing studies on CSFs were reviewed and their limitations were identified. By integrating insights drawn from these studies as well as adding some new factors, the author proposed a set of 11 CSFs which is believed to be more suitable for SMEs. The importance of the proposed CSFs was theoretically discussed and justified. In addition, an empirical assessment was conducted to evaluate the extent of success of this proposition. Findings The overall results from the empirical assessment were positive, thus reflecting the appropriateness of the proposed CSFs. Practical implications The set of CSFs can act as a list of items for SMEs to address when adopting KM. This helps to ensure that the essential issues and factors are covered during implementation. For academics, it provides a common language for them to discuss and study the factors crucial for the success of KM in SMEs. Originality/value This study is probably the first to provide an integrative perspective of CSFs for implementing KM in the SME sector. It gives valuable information, which hopefully will help this business sector to accomplish KM.

Intellectual capital: The new wealth of organizations

1998-09-01

Thomas A. Stewart , Clare Ruckdeschel

This work argues that knowledge has become the most important fact of economic life. It is the chief ingredient of what is bought and sold, the raw material people work … This work argues that knowledge has become the most important fact of economic life. It is the chief ingredient of what is bought and sold, the raw material people work with. In the new economy, intellectual capital - not natural resources, machinery or financial capital - has become the one indispensable asset of corporations. The volume shows how the emergence of the information age has changed the nature of wealth, and it offers new ways of looking at what companies do and how to lead them. In an economy based on knowledge, intellectual capital - the untapped, unmapped knowledge of organizations - has become a company's most useful tool. It is found in: the talent of the people who work there; the loyalty of the customers it serves and learns from; the value of its brands, copyrights, patents and other intellectual capital; and the collective knowledge embodied in its systems, management techniques and history - vital assets that are rarely managed and almost never managed skilfully. Readers should learn how to discover and map the human, structural and customer assets that are the knowledge based of a corporation; how General Electric, Hewlett-Packard, McKinsey, Merck & Co manage intellectual capital to improve performance; how intellectual capital can dramatically increase profitability; why the information economy demands new principles of managing people and working with customers; and how the knowledge economy affects readers personally, in their career, and how to capitalize on the opportunities it presents.

Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets

1998-04-01

David J. Teece

The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult … The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult to imitate intangible assets. This article explores these developments and elucidates implications for the management of intellectual capital inside firms.

The New Economics: For Industry, Government, Education

1996-08-01

Annabeth L. Propst , W. Edwards Deming

A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming's Out of the Crisis. It would be better if … A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming's Out of the Crisis. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management. -from The New Economics for Industry, Government, Education In this book, W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The Deming System of Profound Knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming shows applying the System of Profound Knowledge increases productivity, quality, and people's joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming's method enables organizations to make accurate predictions, which is a valuable tool in today's uncertain economic climate. This third edition features a new chapter (written by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming's management method, and case studies from organizations that have adopted Deming's System of Profound Knowledge, and offers guidance on how organizations can effectively do Deming.

An empirical investigation of the relationship between intellectual capital and firms’ market value and financial performance

2005-05-02

Ming‐Chin Chen , Shu‐Ju Cheng , Yuhchang Hwang

Abstract Purpose – The purpose of this article is to investigate empirically the relation between the value creation efficiency and firms' market valuation and financial performance. Design/methodology/approach – Using data … Abstract Purpose – The purpose of this article is to investigate empirically the relation between the value creation efficiency and firms' market valuation and financial performance. Design/methodology/approach – Using data drawn from Taiwanese listed companies and Pulic's Value Added Intellectual Coefficient (VAIC™) as the efficiency measure of capital employed and intellectual capital, the authors construct regression models to examine the relationship between corporate value creation efficiency and firms' market‐to‐book value ratios, and explore the relation between intellectual capital and firms' current as well as future financial performance. Findings – The results support the hypothesis that firms' intellectual capital has a positive impact on market value and financial performance, and may be an indicator for future financial performance. In addition, the authors found investors may place different value on the three components of value creation efficiency (physical capital, human capital, and structural capital). Finally, evidence is presented that R&D expenditure may capture additional information on structural capital and has a positive effect on firm value and profitability. Originality/value – The results extend the understanding of the role of intellectual capital in creating corporate value and building sustainable advantages for companies in emerging economies, where different technological advancements may bring different implications for valuation of intellectual capital.

Economic Welfare and the Allocation of Resources for Invention

1962-12-31

Kenneth J. Arrow

Invention is here interpreted broadly as the production of knowledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on the technological characteristics … Invention is here interpreted broadly as the production of knowledge. From the viewpoint of welfare economics, the determination of optimal resource allocation for invention will depend on the technological characteristics of the invention process and the nature of the market for knowledge.

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Measurement of Business Performance in Strategy Research: A Comparison of Approaches

1986-10-01

N. Venkatraman , Vasudevan Ramanujam

Explores the different manners in which business performance can be measured in strategy research. A four-celled classification scheme, which depicts ten approaches for measuring business performance, is developed to aid … Explores the different manners in which business performance can be measured in strategy research. A four-celled classification scheme, which depicts ten approaches for measuring business performance, is developed to aid in this analysis. The first dimension of this classification depicts financial versus operational indicators while the second depicts primary data sources versus secondary data sources. The ten approaches are viewed as either within-cell or across-cell. The benefits and limitations of each approach are presented, with reference to previous studies using each performance measure. The within-cell approaches are found to have a narrow perspective on business performance and are not recommended for use. In cases where a within-cell approach is the only possibility, one must pay special attention to the methodological issues. This classification scheme results in several important implications for operationalizing business performance. Since the measurement approaches proposed in this analysis increase the domain of business performance, future researchers must recognize and address the dimensionality issue that results. Further, researchers must consider the convergence across the differing methods of data collection. (SRD)

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Developing intellectual capital at Skandia

1997-06-01

Leif Edvinsson

The moderation of intellectual capital in the relationship enterprise risk management and CSR toward company value

2025-06-25

Yusvita Nena Arinta , Noraini Dwi Pebrianingsih | JAS (Jurnal Akuntansi Syariah)

Purpose – This study aims to find empirical evidence of the influence of enterprise risk management (ERM) and corporate social responsibility (CSR) on company value and the moderating role of … Purpose – This study aims to find empirical evidence of the influence of enterprise risk management (ERM) and corporate social responsibility (CSR) on company value and the moderating role of intellectual capital. Method – This study uses a quantitative panel data regression method with a causal associative approach. The population in this study was manufacturing companies registered with Indonesian Sharia Stock Index (ISSI) in 2021-2023, totaling 98 companies. The research sample was filtered using a purposive sampling technique with several predetermined criteria to obtain a sample of 58 companies. Panel data collection was obtained from financial reports published through the website www.idx.co.id. Data analysis used multiple regression and moderation regression analysis (MRA) testing with the EViews 12 statistical tool. Findings – The results show that enterprise risk management negatively affects company value, while corporate social responsibility positively affects company value. Intellectual capital strengthens the relationship between enterprise risk management and company value. Intellectual capital weakens the relationship between CSR and company value. Implications – This study can advance the relevance of current theories and become a reference for further research, especially on company value. This research can be a reference for manufacturing companies advancing ERM and CSR best practices to increase company value.

The Influence of Intellectual Capital on Firm Value with Profitability as an Intervening Variable: A Study of Healthcare Companies Listed on the Indonesian Stock Exchange from 2019 to 2023

2025-06-25

Sri Sulasmiyati , ‎ Hafna , Thongvanh Sirivanh | KnE Social Sciences

Historically, economists have focused on physical and human capital as the primary resources enabling companies to drive productive and economic activities. However, over time, knowledge has come to be recognized … Historically, economists have focused on physical and human capital as the primary resources enabling companies to drive productive and economic activities. However, over time, knowledge has come to be recognized as a valuable asset, making Intellectual Capital (IC) a crucial determinant of a company’s value. This study aims to evaluate the impact of IC on the value of healthcare companies listed on the Indonesia Stock Exchange, with profitability acting as a mediating variable. The research is explanatory and adopts a quantitative approach, with a sample of nine companies. The exogenous variable, VAICTM, measures IC, while Firm Value is represented by Tobin’s Q as the endogenous variable, and profitability, as measured by Return on Assets (ROA), is the intervening variable. The sampling method used is purposive sampling, covering a 5-year period from 2019 to 2023. Path analysis, facilitated by SPSS for Windows 26, was employed for data analysis. The results suggest that VAICTM has a positive influence on Tobin’s Q, though the impact is not statistically significant, while it significantly impacts ROA in a positive direction. Profitability, represented by ROA, positively and significantly influences Tobin’s Q and serves as a crucial mediator in the relationship between VAICTM and Tobin’s Q.

Qualificação e Inovação: uma Revisao Bibliografica

2025-06-23

Ricardo Souza , Robson de Faria Silva , Jackson Patrick Gleich Kormann | Revista de Gestão e Secretariado (Management and Administrative Professional Review)

Nos últimos anos, um dos principais fatores do crescimento da qualificação tem sido a inovação, entendida como a incorporação de conhecimento a produtos e processos produtivos. A inovação exerce um … Nos últimos anos, um dos principais fatores do crescimento da qualificação tem sido a inovação, entendida como a incorporação de conhecimento a produtos e processos produtivos. A inovação exerce um importante papel para a competitividade da empresa. O presente estudo teve como objetivo geral identificar a produção científica nacional sobre qualificação e inovação, por meio de uma análise bibliográfica no portal de periódicos Capes entre os anos de 2009 a 2024. Os artigos que envolvem setores industriais ou parcerias universidade-empresa apresentam tanto forte capacidade tecnológica quanto operacional, enquanto setores criativos ou microempresas enfrentam desafios significativos, especialmente na operacionalização. Outro resultado vem a ser ter sido encontrado uma quantidade restrita de artigos publicados sobre inovação do comércio exterior, justificando-se assim a importância desse artigo.

Conceptualization and scale development for big data-based learning organization capability

2025-06-19

Nesrin Alkan , Dilek Yılmaz , B. Barış Alkan | Frontiers in Big Data

Introduction In today's competitive business landscape, organizations must enhance learning and adaptability to gain a strategic edge. While big data significantly influences organizational learning, a comprehensive tool to measure this … Introduction In today's competitive business landscape, organizations must enhance learning and adaptability to gain a strategic edge. While big data significantly influences organizational learning, a comprehensive tool to measure this capability has been lacking in the literature. This study aims to develop a valid and reliable scale to assess big data-based learning organization capability. Methods A two-phase research design was employed. In the first phase, Exploratory Factor Analysis (EFA) was conducted on data collected from 232 managers, identifying 22 items across three underlying factors. In the second phase, Confirmatory Factor Analysis (CFA) was applied to an independent sample ( n = 128) to validate the scale's structure and its alignment with the theoretical model. Results The EFA results revealed a clear three-factor structure, and the CFA confirmed the model's fit to the data, demonstrating good psychometric properties. The final BD-LOC scale shows high internal consistency and construct validity. Discussion The BD-LOC scale provides organizations with a valuable tool to assess their big data-driven learning capabilities. It supports strategic decision-making, fosters innovation, and enhances operational efficiency. This study fills a significant gap in the literature and contributes to the effective implementation of digital transformation strategies in organizations.

National intellectual capital in academic journals: topics and trends

2025-06-19

Hannele Orjala , Mikael Collan | Journal of Innovation & Knowledge

Determinanty produkcie znalostí na európskych univerzitách

2025-06-19

Juraj Šimčisko | Ekonomika a spoločnosť

This paper investigates the knowledge production function (KPF) of European universities, examining the relationship between human resources, financial inputs, and scientific output as measured by academic publications. Using a panel … This paper investigates the knowledge production function (KPF) of European universities, examining the relationship between human resources, financial inputs, and scientific output as measured by academic publications. Using a panel dataset of universities from 36 European countries between 2011 and 2020, the study finds that academic personnel is the primary driver of publication output, exhibiting decreasing returns to scale. In contrast, R&D expenditures show a weak relationship with publication output, suggesting that financial investments alone are insufficient to enhance research performance. The findings highlight the importance of human capital and broader institutional support for maximizing scientific productivity in European universities.

University management based on intellectual capital: a study case with three Colombian universities

2025-06-17

Erika Ospina-Rozo , José Luís Muñoz Moreno | International Journal of Educational Management

Purpose This study aims to enhance the understanding of university management as a crucial aspect for ensuring the continuous improvement and quality assurance of institutions, considering that universities are knowledge-based … Purpose This study aims to enhance the understanding of university management as a crucial aspect for ensuring the continuous improvement and quality assurance of institutions, considering that universities are knowledge-based institutions and proposing a framework based on intellectual capital and specific university management activities based on its components and measuring these activities in three Colombian universities. The study presents the main activities requiring improvement and identifies common patterns among universities with diverse characteristics in this country. Design/methodology/approach This study employs a multiple-case study design, examining three Colombian universities and utilises Likert-scale surveys to assess management activities in relation to intellectual capital components. A Kruskal–Wallis test reveals significant differences among institutions; however, the data indicate convergence in the main activities that require improvement. Findings The findings reveal convergent results across three Colombian institutions regarding management activities with higher and lower compliance, indicating that these activities require improvement in universities with diverse characteristics. Otherwise, the Kruskal–Wallis test identified significant differences across the universities’ measures, showing that the results are not standardised values across the institutions. Originality/value The innovative aspect of this study lies in identifying management activities based on intellectual capital components to enhance university management and measuring them across three Colombian institutions as well as identifying common patterns that require improvement within these institutions. Unlike most studies, which focus on measuring intangible resources, this research identifies management activities that drive institutional improvement.

Influence of organizational learning capability on the competitive advantage of entrepreneurial firms: a resource-based perspective

2025-06-16

Theoneste Manishimwe , Fahad Abdulrahman , Ahmed Umar Alkali +1 more | SN Business & Economics

Structural Capital Management and Knowledge Sharing to Enhance Employee Engagement in the Modern Era

2025-06-16

Dinko Herman Boikanyo | IntechOpen eBooks

In an era where knowledge-driven economies define competitive advantage, structural capital management and knowledge-sharing mechanisms have become pivotal in enhancing employee engagement. Structural capital, encompassing organizational processes, digital infrastructures, and … In an era where knowledge-driven economies define competitive advantage, structural capital management and knowledge-sharing mechanisms have become pivotal in enhancing employee engagement. Structural capital, encompassing organizational processes, digital infrastructures, and cultural frameworks, plays a crucial role in fostering an environment conducive to knowledge exchange. While prior research has explored intellectual capital and employee engagement, the specific role of structural capital as a key enabler of knowledge-sharing behaviors and engagement outcomes remains underdeveloped. This chapter employs a systematic literature review to synthesize existing research on structural capital, knowledge sharing, and employee engagement, identifying key themes, theoretical gaps, and emerging trends. This chapter proposes a unique conceptual framework that integrates structural capital, knowledge sharing, and employee engagement, which are elements often studied in isolation, through the lenses of Intellectual Capital Theory, Social Exchange Theory, and the Knowledge-Based View. Unlike existing models, it emphasizes the moderating role of digital transformation and generational diversity across different organizational types and sizes. The findings emphasize that well-structured organizational systems, leadership support, and digital collaboration tools significantly drive engagement outcomes. The study contributes to academic discourse by bridging intellectual capital, knowledge management, and employee engagement research, while offering practical insights for business leaders to optimize structural capital strategies. Future research directions are proposed to empirically validate the framework in diverse organizational contexts.

Bilgi yönetiminin kurumsal kaynak planlamaya etkilerini açıklamada entelektüel sermayenin aracılık etkisi: İSO 1000 araştırması

2025-06-13

Ahmet Melih Eyitmiş , Fadime SEZER | İktisadi ve İdari Bilimler Fakültesi Dergisi

Bu makale, günümüz iş dünyasında önemli rol oynayan bilgi yönetimi, kurumsal kaynak planlama, entelektüel sermaye kavramları arasındaki ilişkiyi incelemektedir. İşletmelerin rekabet avantajı elde etmeleri için bu üç kavramın etkili bir … Bu makale, günümüz iş dünyasında önemli rol oynayan bilgi yönetimi, kurumsal kaynak planlama, entelektüel sermaye kavramları arasındaki ilişkiyi incelemektedir. İşletmelerin rekabet avantajı elde etmeleri için bu üç kavramın etkili bir şekilde birbirleriyle entegre edilmesi son derece önemlidir. Son yıllarda yaşanan teknolojik gelişmeler ile birlikte ortaya çıkan, işletmenin bütüncül sistemini oluşturan, kurumsal kaynak planlama yazılımları, bu yazılımların etkin ve etkili yönetilebilmesi için kullanılan bilgi yönetim sistemleri ve bu sistemi oluşturan entelektüel sermaye, sektörlere yön vermektedir. Araştırmada, bu kavramların birbirleriyle nasıl etkileşim içinde olduğu, işletmelerin bu etkileşimi nasıl stratejik bir avantaj haline getirebileceği ve gelecekteki trendlerle ilgili araştırmacılara ve uygulayıcılara yön vermek hedeflenmiştir. İlaveten bilgi yönetimi ve kurumsal kaynak planlama arasındaki ilişkide entelektüel sermayenin aracılık rolü incelenmiştir. Bir alan araştırması ile desteklenen bu çalışmada veriler, sonuçların genelleştirilebilmesi için İstanbul Sanayi Odası (İSO 1000)’na kayıtlı firmalardan elde edilmiştir. Kantitatif araştırma yöntemi, anket tekniği ile desteklenen çalışmada, 95% güven aralığında araştırmayı destekleyecek yeterli örneklem araştırmaya dahil edilmiştir. (n=412). Verilerin analizlerinde SPSS 25.0 aracılık için, Process Macro programı kullanılmıştır. Elde edilen sonuçlar, teorik ve uygulama bağlamında tartışılmıştır. Bilgi yönetiminin kurumsal kaynak planlama sistem başarısı üzerindeki doğrudan etkisinde entelektüel sermayenin aracı rolü olmazken, alt boyutlarının (insan sermayesi, sosyal sermaye, yapısal sermaye) birlikte aracılık rolü tespit edilmiştir.

The liaison between Intellectual Capital and Financial Performance: A Bibliometric scrutiny

2025-06-11

Deepika Ahlawat , Priti Sharma | Journal of Advanced Management Studies.

Intellectual Capital administers a colossal involvement in strengthening the accomplishment for business organisations. The intent of this article is to decipher development over the period and find fresh tendencies in … Intellectual Capital administers a colossal involvement in strengthening the accomplishment for business organisations. The intent of this article is to decipher development over the period and find fresh tendencies in the theme of Intellectual Capital and Financial Performance. Bibliometric analysis was executed on the merged data from Scopus and Web of Science databases, retrieved after confining it on the basis of subject area and document type in March 2023. In total, 727 articles have been utilised for this study, primarily authored by 1571 researchers from Italy, China etc. An annual growth rate of 9.81 % in this study field was discovered over the time period of 1996 to 2023. “Journal of Intellectual Capital” has been found to be the most significant source. This paper aims to cognise vital research works, ascertain the contemporary themes of research foci and help synergise fresh efforts towards further research in this field.

The Effect of Intellectual Capital Disclosure, Company Size, and Capital Structure on Financial Sustainability with Company Performance as a Mediating Variable

2025-06-09

M. Syukrihady Irsyad , Riza Reni Yenti | Journal Research of Social Science Economics and Management

The rapidly growing technology sector in Indonesia faces significant challenges in maintaining financial sustainability amid dynamic market conditions and intense competition. This study addresses the problem of understanding how intellectual … The rapidly growing technology sector in Indonesia faces significant challenges in maintaining financial sustainability amid dynamic market conditions and intense competition. This study addresses the problem of understanding how intellectual capital disclosure, company size, and capital structure influence financial sustainability, particularly examining the mediating role of company performance. The research aims to provide empirical evidence on these relationships using data from 13 technology companies listed on the Indonesia Stock Exchange during 2018–2023. Employing a quantitative approach, path analysis and the Sobel test were used to analyze 68 observations, assessing both direct and indirect effects. Results show that intellectual capital disclosure directly affects financial sustainability but does not significantly influence company performance as a mediator. Conversely, company size and capital structure have both direct and partial indirect effects on financial sustainability mediated by company performance. Fixed asset growth was used as a control variable but showed no significant effect. The findings support signaling and agency theories, emphasizing the importance of managing intellectual assets, firm scale, and capital policies to foster sustainability. These insights offer practical implications for managers and policymakers in Indonesia’s technology sector, highlighting strategies to enhance financial stability and growth in a competitive global environment. Future studies should explore qualitative variables such as leadership, organizational culture, and conduct longitudinal research to capture evolving dynamics.

INNOVACIÓN TIC: UNA PERSPECTIVA DESDE EL AULA DE CLASE

2025-06-01

Ángela Marcela López Betancur | DIALÉCTICA

Las Tecnologías de la Información y la Comunicación ofrecen recursos y herramientas innovadoras que facilitan la adquisición de conocimientos y el desarrollo de habilidades. Estas tecnologías permiten un aprendizaje dinámico … Las Tecnologías de la Información y la Comunicación ofrecen recursos y herramientas innovadoras que facilitan la adquisición de conocimientos y el desarrollo de habilidades. Estas tecnologías permiten un aprendizaje dinámico y accesible, adaptado a las necesidades y ritmos de cada estudiante, promoviendo métodos interactivos y colaborativos que enriquecen el proceso educativo. El propósito del artículo es inspirar a los docentes a que, a través de sus iniciativas y creaciones, asuman el reto de explorar junto a sus estudiantes una variedad de contenidos educativos que enriquezcan el proceso de aprendizaje, esto no solo facilita la comprensión de los temas, sino que también fomenta la motivación y despierta en los estudiantes un deseo genuino por aprender, aplicable en diversas áreas del conocimiento. La estructura metodológica es guiar al lector en la comprensión de cómo las Tecnologías de la Información y la Comunicación pueden potenciar el aprendizaje, al enfocarse en mejorar el rendimiento académico, fomentar el trabajo cooperativo, estimular el pensamiento creativo y aumentar la motivación de los estudiantes. Este enfoque se complementa con una serie de pasos prácticos para integrar eficazmente las TIC en el aula, y se enriquece con una reflexión sobre el impacto de estas prácticas en el desarrollo de competencias digitales y habilidades para la vida.

Unmasking role of Propensity for and Quality of Intellectual Capital Divulgence: A Knowledge-Based Perspective

2025-06-01

Wasim ul Rehman , Süleyman Deği̇rmen , Ömür Saltık +3 more | Sustainable Futures

Intellectual Capital in SMEs: A Bibliometric Study and Directions for Future Research

2025-05-31

Raden Isma Anggraini , M. Syamsul Maarif , Anggraini Sukmawati +1 more | Indonesian Journal of Business and Entrepreneurship

Background: Intellectual capital (IC) has been recognized as a key driver of business performance and sustainability, particularly for small and medium enterprises (SMEs). IC, which comprises human capital, structural capital, … Background: Intellectual capital (IC) has been recognized as a key driver of business performance and sustainability, particularly for small and medium enterprises (SMEs). IC, which comprises human capital, structural capital, and relational capital, plays a crucial role in fostering innovation, improving knowledge management, and enhancing competitive advantage. However, the comprehensive evolution of IC research in SMEs remains underexplored.Purpose: This research seeks to examine the evolution of intellectual capital (IC) studies in small and medium-sized enterprises (SMEs) over the last ten years, pinpoint major contributors, investigate prevailing themes, and uncover emerging directions in the field.Design/Methodology/Approach: This study uses bibliometric analysis with a database sourced from Scopus and uses VOSviewer for visualization. The study applied various bibliometric techniques, including citation analysis, co-word analysis, and bibliographic coupling, to map the intellectual landscape of IC research in SMEs.Findings/Results: The analysis reveals that IC research in SMEs has grown significantly, with an increasing focus on human, structural, and relational capital. Key research themes include innovation, knowledge management, financial performance, and sustainability. The study also identifies Indonesia, Pakistan, Poland, and Portugal as leading contributors to IC research, reflecting the global recognition of knowledge-based economic growth. The study also observes a significant shift toward IC integration with digital transformation and artificial intelligence.Conclusion: This research offers beneficial perspectives for academics, policymakers, and business practitioners by emphasizing the strategic role of IC in SMEs' sustainability. The findings suggest that future research should further explore the intersection of IC with digital transformation and AI-driven business models.Originality/Value (State of the Art): This study is among the first to provide a comprehensive bibliometric analysis of IC research in SMEs, mapping its chronological development and identifying future research directions. Keywords: bibliometric analysis; competitive advantage; digital transformation; intellectual capital; small and medium enterprises (SMEs)

Hábitos digitales como determinantes del consumo y la gestión Financiera: Análisis en el contexto Universitario

2025-05-31

Sandra del Puerto Cruz , José Fernando Vasco Leal , Alma Alejandra Velázquez Alejos +3 more | Brazilian Journal of Business

Objetivo. Analizar los hábitos digitales como determinantes del consumo y la gestión financiera de los estudiantes universitarios. Métodos. El estudio fue de enfoque cualitativo, descriptivo y de corte transversal. Se … Objetivo. Analizar los hábitos digitales como determinantes del consumo y la gestión financiera de los estudiantes universitarios. Métodos. El estudio fue de enfoque cualitativo, descriptivo y de corte transversal. Se aplicó una encuesta estructurada a una muestra representativa de 475 jóvenes estudiantes universitarios de la generación z (centenial) de una Facultad de Negocios de una IES, seleccionados mediante muestreo aleatorio simple. El instrumento incluyó variables relacionadas con ingresos, gastos, hábitos digitales y educación financiera, y fue validado por expertos. Los datos fueron analizados mediante estadística descriptiva utilizando Excel. Resultados. Se identificó que el 43% de los estudiantes recibía menos de $1,000 MXN mensuales de apoyo familiar, y el 60% de quienes trabajan percibían menos de $5,000 MXN mensuales. El 20% manifestó tener ingresos adicionales. En cuanto a los gastos, el transporte y la alimentación fueron rubros más frecuentes, seguidos por el entretenimiento digital y las compras en línea. Instagram (33%) y TikTok (29%) fueron las redes sociales más utilizadas, destacando su influencia en las decisiones de consumo. Solo el 30% seguía a influencers financieros, y el 40% se informaba sobre finanzas mediante medios digitales o blogs especializados. Conclusiones. Los hábitos digitales inciden de manera significativa en el consumo y en la forma en que los jóvenes estudiantes universitarios gestionan sus recursos económicos. Esta relación evidencia la necesidad de fortalecer la educación financiera en entornos digitales, mediante estrategias educativas accesibles y culturalmente pertinentes.

Vínculos entre el capital intelectual y el desempeño de las pymes mexicanas desde una perspectiva sistémica

2025-05-30

Josué Cala-Hernández , Dania Ramírez Herrera | Journal Microeconomics

Intellectual capital [IQ] emerges from the ability and capacity of human talent to generate value, both present and future, which gives companies a significant competitive advantage. For effective management, it … Intellectual capital [IQ] emerges from the ability and capacity of human talent to generate value, both present and future, which gives companies a significant competitive advantage. For effective management, it is crucial for organizations to understand the interrelationships between their components and their impact on performance. This article identifies and describes the links between IQ and business performance, as well as its main challenges and barriers when it comes to integrating its components from a Systems Perspective [SP]. Using a qualitative methodology with a descriptive scope, and semi-structured interviews with the companies under study. Links between the three components of the IC and Productivity, Competitiveness, and Profitability are identified, and the challenges inherent in the integration of these components are exposed.

ANALYSIS OF THE EFFECT OF TRUST, SATISFACTION, AND OFFERS ON THE COMPETITIVENESS OF SMALL AND INDIVIDUAL CONTRACTORS

2025-05-30

Gyan Agye Try Krystyan , Mawardi Amin , Agus Suroso | Jurnal PenSil

Abstract In 2022, Indonesia was home to 24,236 construction companies, with contractors dominating the sector, comprising 21,786 firms or 89.86% (Badan Pusat Statistik, 2022), The large number of contracting companies … Abstract In 2022, Indonesia was home to 24,236 construction companies, with contractors dominating the sector, comprising 21,786 firms or 89.86% (Badan Pusat Statistik, 2022), The large number of contracting companies has led to intense competition. Several factors enable contractors to compete, including owner trust, owner satisfaction, and pricing offers. This study aimed to analyze the impact of trust and satisfaction on contractor competitiveness, with pricing offers serving as an intervening variable. In the competitive Indonesian construction industry, understanding the factors that affect contractor competitiveness is crucial as it enhances the effectiveness of competitive strategies. This research employed a quantitative method with a survey approach. Data were collected through questionnaires from project owners, and path analysis was utilized to test the relationships between the research variables with the aid of SMART-PLS data processing tools. The findings indicate that trust affects competitiveness through pricing offers as an intervening variable, whereas satisfaction directly affects competitiveness without the mediation of pricing offers.

The Effect Of Intellectual Capital, Firm Size, And Capital Structure On Financial Performance

2025-05-30

Heti Herawati , Dede Miyyah Novila Sumiati | Jurnal Ilmiah Akuntansi Kesatuan

This study aims to analyze the effect of Intellectual capital , Company Size, Firm size and Capital structure on Financial performance in property and real estate sub-sector companies listed on … This study aims to analyze the effect of Intellectual capital , Company Size, Firm size and Capital structure on Financial performance in property and real estate sub-sector companies listed on the Indonesia Stock Exchange (IDX) during the 2018-2022 period. Intellectual capital is measured using Value Added Intellectual capital , Company Size is measured by total assets, and Capital structure is measured as the ratio between debt and equity. This research was conducted to provide further understanding of the factors that contribute to the financial performance of companies in sectors related to property and real estate . The data used in this study comes from the annual financial reports of companies listed on the IDX for the 2018-2022 period. The analytical method used is multiple linear regression with a case study approach. Data processing uses panel data which is processed using the SPSS program. The sample used was 19 entities with a total of 95 data observations. The research results show that intellectual capital (VAIC) has a significant positive influence on financial performance (ROA) in the property and real estate sectors. However, company size ( firm size ) and capital structure (DER) do not significantly influence ROA in the same context. Simultaneously, these three variables together have a significant influence on financial performance with a determination value of 32.7% and the remainder by variables outside the research. Keywords: Intellectual capital , Company Size, Capital structure , Financial performance , Property and Real estate , IDX

Addressing Green Intellectual Capital in the Digital Era: A Network Perspective on <scp>EU</scp> Energy Small Medium Enterprises

2025-05-29

Nuccio Ludovico , Laura Illia , Valerio Pellegrini +1 more | Corporate Social Responsibility and Environmental Management

ABSTRACT The Green Intellectual Capital (GIC) is a key competitive factor for European firms and an opportunity for EU sustainable development programs. Yet, existing research has not investigated the GIC … ABSTRACT The Green Intellectual Capital (GIC) is a key competitive factor for European firms and an opportunity for EU sustainable development programs. Yet, existing research has not investigated the GIC of European small and medium enterprises (SMEs) in the energy sector. This is surprising given that they represent a pillar for European economies and their transition goals. A reason for this gap might be that SMEs do not usually adopt formal disclosure practices required by traditional GIC measurement methods. This study presents a network‐based GIC measurement framework that embeds NLP techniques for analyzing online disclosed information of European SMEs from the energy sector. GIC is subsequently represented as a Knowledge Graph and measured as the extent of firms' knowledge integration. The results confirmed that the proposed GIC measure positively relates to the organizational dimensions of environmental consciousness, innovation capability, and economic performance. These findings open new opportunities for GIC research in digital contexts, thereby enabling investigation of factors fostering SMEs' performances and their contribution to the broader goal of sustainable development.

Intellectual Capital in the Knowledge Economy: A Review of Methods and Models

2025-05-29

Umer Aziz , Tariq Ahmad Lone , Ishtiaq Hussain Qureshi | Asian Journal of Economics Business and Accounting

Reflecting the influence of intellectual capital and intangible assets, the change from the industrial to the knowledge economy has resulted in a boom in company market value. Conventional financial measures … Reflecting the influence of intellectual capital and intangible assets, the change from the industrial to the knowledge economy has resulted in a boom in company market value. Conventional financial measures are inadequate in reflecting the actual worth of these assets. The complex nature of evaluating and managing these intangible assets has led to the proliferation of several intellectual capital models, each with its unique characteristics. The paper deployed the content analysis technique to evaluate some well-known (popular) intellectual capital models; Balanced Scorecard (1992), Skandia Navigator (1994), Calculated Intangible Value (1995), Intellectual Capital Index (IC-IndexTM) (1997), and VAICTM (1997). The evaluation of these models aims to provide companies with a sophisticated awareness of these models while enabling them to properly manage and use their intangible assets to support continuous development and enhance their competitive advantage in the knowledge economy. Acting as a quantified measure of intellectual capital, the VAICTM stands out as a unique metric that supports its general acceptance in the academia. The findings reveal that despite every model offering a unique feature, an all-encompassing assessment of intellectual capital could come from integrated approach. This study intends to help companies in determining and using the most suitable approaches for their intellectual capital management strategies by providing a comprehensive evaluation of these models, leading to their improved innovation capabilities and long-term success.

Circular intellectual capital: integrating circular economy principles into intellectual capital frameworks

2025-05-29

Nicola Raimo , Felice Petruzzella , Vitiana L’Abate +2 more | International Journal of Bank Marketing

Purpose The increasing importance of the circular economy has highlighted the need to incorporate circular practices into companies’ intangible assets. However, academic literature has not yet fully explored the integration … Purpose The increasing importance of the circular economy has highlighted the need to incorporate circular practices into companies’ intangible assets. However, academic literature has not yet fully explored the integration of circular economy principles within intellectual capital (IC) frameworks. This study aims to fill this gap by introducing a novel construct – Circular Intellectual Capital (CIC) – that integrates circular economy principles into the broader IC framework. Specifically, it seeks to explore the extent of CIC disclosure (CICD) in non-financial reports and identify the factors influencing the level of such disclosure. Design/methodology/approach This study develops a novel CIC framework that integrates circular economy principles into traditional IC. It then conducts a manual content analysis to assess the level of CIC information disclosed by 86 Italian listed companies from the MF Italy100 – Large and Mid Cap index through their non-financial reports. Finally, a regression model is employed to examine the determinants of CICD. Findings The empirical results indicate that Italian companies exhibit a low level of CICD. Moreover, the findings show that firm size and firm profitability positively influence the amount of CIC information disclosed, while financial leverage has no significant impact on CICD. Practical implications This study provides practical guidance for companies on how to strengthen their CIC by integrating circular economy principles into human, organizational, and relational capital. Doing so enables firms to enhance sustainability performance, embed circularity into their strategic processes, and build capabilities for long-term value creation. Moreover, companies should actively communicate their CIC to improve transparency, reinforce stakeholder trust, and strengthen their competitive positioning in the transition to circular business models. Originality/value The originality of this study lies in the development of CIC, a novel construct that integrates circular economy principles into traditional IC. This innovative approach bridges two key fields – IC and the circular economy – offering new insights into how companies can align their intangible resources with sustainable and circular practices. Additionally, this study contributes to the literature by analyzing the extent of CICD and its determinants, thereby offering a fresh perspective on corporate transparency in the context of IC and circular economy initiatives.

Tuberculosis and Arterial Hypertension: Current State of the Problem (Review)

2025-05-29

V. Ye. Кondratiuk , Аліна Стахова , O.Yu. Aleksiichuk | Tuberculosis Lung Diseases HIV Infection

In low- and middle-income countries, tuberculosis (TB) remains a significant challenge to the healthcare system. According to the Centre for Public Health of the Ministry of Health of Ukraine, in … In low- and middle-income countries, tuberculosis (TB) remains a significant challenge to the healthcare system. According to the Centre for Public Health of the Ministry of Health of Ukraine, in 2023 the incidence of TB increased by 7.3 % compared to 2022. At the same time, the number of people with arterial hypertension (AH) is steadily increasing in the world. It is noted that in countries with a high incidence of AH, a high rate of TB notification is also observed. According to the STEPS National Study, 34.8 % of the population of Ukraine either has high blood pressure (BP) or takes antihypertensive medications. However, the issue of the specifics of the relationship between these pathologies in people of different ages and genders still remains insufficiently studied. There is no data on the effect of drugs used to treat TB on a person’s BP, and vice versa, whether modern antihypertensive drugs can affect the course of TB. A systematic analysis of the literature was conducted to study the prevalence of AH among TB patients, the mechanisms of the mutual aggravating effect between TB and AH were determined, and the impact of treatment of one pathology on the development and course of the other was analysed. Among TB patients, provided that the sample is homogeneous and the inclusion/exclusion criteria are clear, the frequency of AH can be determined in the range from 1.5 to 38.3 %. In contrast, no studies have been conducted to detect the frequency of TB in the population of patients with AH. In TB patients, compared with the general population, inflammation plays a key role in the pathogenesis of AH, which is combined with an increase in the level of tumor necrosis factor-α, interleukins-6 and -18, and angiotensin II. The appointment of receptor blockers of the latter in patients with concomitant pathology allows reducing the level of these pro-inflammatory cytokines. TB therapy with drugs from the rifampicin group of antibiotics reduces the effectiveness of antihypertensive therapy. The use of slow calcium channel blockers for managing hypertension not only leads to a decrease in BP, but also improves the survival of TB patients.

Strategic Choice of Doctoral Education and Dynamic Managerial Capabilities in Supporting Executives Performance: An Exploratory Study

2025-05-28

Dadang Irawan , Hendrawan Supratikno , Evo Sampetua Hariandja +1 more | International Journal of Innovative Research and Scientific Studies

Improving human capital through education is considered an investment decision. In Indonesia, the interest of non-academics in pursuing doctoral programs is increasingly widespread. The purpose of this study is to … Improving human capital through education is considered an investment decision. In Indonesia, the interest of non-academics in pursuing doctoral programs is increasingly widespread. The purpose of this study is to explore the dynamics of strategic choices in doctoral education and dynamic managerial capabilities on executive performance. The data analysis process includes a crucial stage of data coding, following Yin's approach for case studies as the research method of this study. By employing unstructured techniques with five executives, it gathered the unique insights of each participant, enabling a deeper understanding of the phenomenon. The conceptual framework of the results of the study shows the findings of conditions where dynamic managerial capabilities support executive performance and the interaction of dynamic managerial capabilities and strategic choices in doctoral education supports executive performance. The strategic choice of doctoral education supports executive performance for two informants. Instead, three informants do not support it directly because external conditions require time to be overcome or because of the motive for doctoral education itself. The practical implication provides insight into the diverse motives and levels of relevance of educational programs that provide managerial capabilities to adapt to dynamic business practices.

Capital Connectivity in Integrated Reports: Datasets from International Companies

2025-05-27

Nurfarahin Roslan , Norman Mohd Saleh , Zaini Embong +2 more | Data in Brief

Understanding Chief Knowledge Officer Role: A Myth or Reality — Empirical Evidence from a Knowledge-Intensive Firm

2025-05-26

Sajjad M. Jasimuddin , Con Connell , Jonathan H. Klein +1 more

The role of the chief knowledge officer (CKO) within organisations has grown in importance. The information management literature has discussed the notion of CKO, but has not effectively addressed the … The role of the chief knowledge officer (CKO) within organisations has grown in importance. The information management literature has discussed the notion of CKO, but has not effectively addressed the rationale behind the creation of CKO position in an innovation firm. This paper explores the need for and value of a CKO by investigating a high-tech innovation-driven multinational corporation. The paper is conceptually grounded in reviews of the relevant literature supported by an empirical work. This research was carried out as an exploratory case study, which allowed to observe the phenomenon in a natural setting. Although much has been written on the notion of CKO provides an unambiguous description, the paper provides a working definition of CKO. The CKO can take an active role through advising knowledge contributors to deposit knowledge in a repository; asking knowledge contributors to update the stored knowledge, and helping prospective knowledge users in finding the right source and using it in their new product and process development. The results of this study justify the need for such a person. This paper also contributes by identifying several challenges for senior management in legitimising the presence of CKO.

Corporate Social Responsibility and Intellectual Capital: The Moderating Role of Institutional Ownership in an Emerging Market

2025-05-25

Ebrahim Ahmed Ali Assakaf , Ameen Qasem , Sumaia Ayesh Qaderi +1 more

This study explores how corporate social responsibility (CSR) disclosure contributes to sustainable value creation by enhancing intellectual capital (IC) and investigates the moderating role of institutional ownership (IIOW) in this … This study explores how corporate social responsibility (CSR) disclosure contributes to sustainable value creation by enhancing intellectual capital (IC) and investigates the moderating role of institutional ownership (IIOW) in this relationship. Using a panel dataset of 828 firm-year observations from non-financial Saudi companies listed on the Saudi Stock Exchange (Tadawul) between 2016 and 2021, the analysis applies feasible generalized least squares (FGLS) regression to test the proposed relationships. The findings reveal a significant positive association between CSR disclosure and IC, underscoring the strategic importance of CSR in building intangible corporate assets. Moreover, IIOW strengthens this association, suggesting that IIOW plays a critical role in promoting sustainability-oriented practices. Robustness checks using alternative proxies and estimation techniques confirm the validity of the results. This study provides novel empirical evidence from Saudi Arabia, contributing to the CSR and IC literature in emerging markets and offering practical insights for policymakers, investors, and corporate leaders aiming to foster long-term organizational resilience.

THE EFFECT OF INTELLECTUAL CAPITAL DISCLOSURE AND ENTERPRISE RISK MANAGEMENT DISCLOSURE ON FIRM VALUE

2025-05-25

Duma Rahel Situmorang , Rike Yolanda Panjaitan , Farida Sagala +2 more

This study aims to determine empirical evidence on the effect of IC disclosure and ERM disclosure on firm value. The sample of this study was 93 non-financial companies listed on … This study aims to determine empirical evidence on the effect of IC disclosure and ERM disclosure on firm value. The sample of this study was 93 non-financial companies listed on the Indonesia Stock Exchange for the period 2020-2024. Panel data regression analysis was applied to analyze the data. The results of the study indicate that IC disclosure has a positive and significant effect on firm value. This study also found that ERM disclosure has a positive and significant effect on firm value. Firm size, leverage, and profitability, as control variables, also provide positive and significant contributions to firm value. The results of this study can be used as a consideration for company management to increase IC disclosure and ERM disclosure in annual reports because IC disclosure and ERM disclosure can be a positive signal to encourage increased firm value. In addition, because IC disclosure and ERM disclosure information are very significant for investors, it can also be useful for regulators to create and establish mandatory disclosure instruments related to IC and ERM to minimize information asymmetry that can harm related parties to the company

Assessing the Impact of Competency and Intellectual Capital on MSMEs' Performance: Insights from Banjarmasin City

2025-05-21

Siti Mardah , Muthia Harnida , Apriya Santi +2 more | International Journal Of Science Technology & Management

This research examines the impact of competency and intellectual capital on the performance of micro, small, and medium-sized enterprises (MSMEs) in Banjarmasin City. This research used a quantitative approach. Data … This research examines the impact of competency and intellectual capital on the performance of micro, small, and medium-sized enterprises (MSMEs) in Banjarmasin City. This research used a quantitative approach. Data were collected via an online questionnaire with 51 MSME actors as respondents. Data were analyzed using multiple linear regression methods. The results indicate that intellectual capital, encompassing knowledge, expertise, and innovation, significantly influences performance. However, competency does not show a significant impact on MSMEs’ performance. These findings provide insight into the condition of MSMEs in Banjarmasin City and can provide additional empirical evidence on the effect of intellectual capital. Additionally, this result can serve as a reference for policymakers to help MSMEs improve their performance through targeted training, mentorship, and collaborative networks. The implications of this research emphasize the importance of developing intellectual capital for MSMEs to enhance their performance. The finding that competency has an insignificant impact on performance warrants further investigation. Additionally, this result can serve as a reference for policymakers to help MSMEs improve their performance through targeted training, mentorship, and collaborative networks. The implications of this research emphasize the importance of developing intellectual capital for MSMEs to enhance their performance. The finding that competency has an insignificant impact on performance warrants further investigation. Keywords: Competency, Intellectual Capital, MSMEs, Performance. Resource-based view

MAPPING THE RESEARCH LANDSCAPE OF CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE THROUGH BIBLIOMETRIC AND SYSTEMATIC LITERATURE REVIEW

2025-05-20

Bhavnita Soni

Capital structure and financial performance have long been a focal area in finance and corporate strategy. Understanding the relationship between capital structure and financial performance is crucial for firm’s decision … Capital structure and financial performance have long been a focal area in finance and corporate strategy. Understanding the relationship between capital structure and financial performance is crucial for firm’s decision making and enhancing profitability. This study investigates the intricate relationship between capital structure and financial performance in order to facilitate the development of a better theoretical and practical understanding. This paper employs PRISMA approach to conduct a comprehensive systematic literature review and Bibliometric analysis to explore existing level of research in this domain. It also seeks to uncover gaps in existing knowledge while highlighting the implications of financing decisions on financial outcomes. The findings indicate significant variation in capital structure strategies across industries and regions, influenced by factors such as market conditions, regulatory environments, and firm-specific characteristics. The study also identifies a noticeable gap in sector-specific research, suggesting a need for more focused studies. The bibliometric analysis further indicates significant academic interest globally, particularly in emerging markets where financing constraints and institutional differences may impact capital structure strategies. This study contributes meaningfully to the existing literature by providing a structured overview of the research area, identifying future research opportunities, and providing insights for academics, industry practitioners, and policymakers aiming to optimize financial strategies in capital-intensive industries.

FROM KNOWLEDGE TO INNOVATION: A REVIEW OF THE FACTORS, COMPONENTS, AND IMPACT OF ABSORPTIVE CAPACITY

2025-05-20

Nebojša Zakić , Lazar Stоšić , Marina Bugarčić

This paper aims to build on existing research on absorptive capacity by exploring its key factors, components, outcomes, advantages, and constraints. Absorptive capacity, defined as an organization’s ability to acquire, … This paper aims to build on existing research on absorptive capacity by exploring its key factors, components, outcomes, advantages, and constraints. Absorptive capacity, defined as an organization’s ability to acquire, assimilate, transform, and utilize external knowledge, plays a crucial role in fostering innovation and sustaining competitive advantage. As a dynamic capability, absorptive capacity enables organizations to continuously adapt to changing environments by integrating and leveraging new knowledge. The paper examines the factors that shape absorptive capacity, including managerial influences, intra-organizational factors, inter-organizational networks, and prior knowledge. It also distinguishes between potential and realized absorptive capacity, highlighting their complementary roles in leveraging external knowledge for business success. Furthermore, the study discusses the outcomes of absorptive capacity, such as innovation, improved organizational performance, and competitive advantage. While absorptive capacity offers significant benefits, its implementation demands substantial resources, and organizations must strike a balance between acquiring knowledge and effectively applying it to avoid information overload. Building on previous academic contributions, this paper offers a comprehensive understanding of absorptive capacity and its managerial implications. Future research should further investigate the interplay between absorptive capacity components and their sector-specific implications.