TY  - JOUR
TI  - The impact of intellectual capital on firm performance and value: An application of MVAIC on firms listed in Borsa Istanbul
AB  - This paper attempts to evaluate the impact of intellectual capital (IC) and its components on financial performance and value of listed companies operating in Turkish manufacturing industry. Accordingly; using panel data methodology, this study incorporates data of 75 companies listed in Borsa Istanbul (BIST) and data was extracted from Thomsen Reuters Database and Public Disclosure Platform with a total of 825 firm-year observations for the period between 2009 and 2019, inclusive.The Modified Value Added Intellectual Coefficient (MVAIC) is employed to capture IC efficiency together with its components, namely; Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), Relational Capital Efficiency (RCE), and Capital Employed Efficiency (CEE). The findings fail to provide a significant influence of MVAIC on the selected performance measures. However, as far as additional analysis utilizing the components is concerned, the only contributor to both firm financial performance and value is documented to be CEE while HCE, SCE, and RCE are found to exert no significant impact.
AU  - Öner, Mehtap
AU  - AYBARS, ASLI
DO  - 10.30855/gjeb.2022.8.1.004
PY  - 2022
JO  - Gazi İktisat ve İşletme Dergisi
VL  - 8
IS  - 1
SN  - 2149-4924
SP  - 47
EP  - 60
DB  - TRDizin
UR  - http://search/yayin/detay/507848
ER  -