African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4164

Full Length Research Paper

The impact of intellectual capital on firms’ financial performance and market value: Empirical evidence from Italian listed firms

William Forte
  • William Forte
  • Management and Innovation Systems Department, University of Salerno, 132, Giovanni Paolo II Street, 84084 Fisciano (SA), Italy.
  • Google Scholar
Gaetano Matonti
  • Gaetano Matonti
  • Management and Innovation Systems Department, University of Salerno, 132, Giovanni Paolo II Street, 84084 Fisciano (SA), Italy.
  • Google Scholar
Giuseppe Nicolò
  • Giuseppe Nicolò
  • Management and Innovation Systems Department, University of Salerno, 132, Giovanni Paolo II Street, 84084 Fisciano (SA), Italy.
  • Google Scholar


  •  Received: 06 December 2018
  •  Accepted: 18 January 2019
  •  Published: 14 March 2019

References

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Bhasin ML (2012). Measurement and disclosure of intellectual capital in a developing country: An exploratory study. Australian Journal of Business and Management Research 2(8):63.

 
 

Brooking A (1996). Intellectual Capital: Core Assets for the Third Millennium. London: Enterprise Thomson Business Press.

 
 

Cenciarelli VG, Greco G, Allegrini M (2018). Does intellectual capital help predict bankruptcy?. Journal of Intellectual Capital 19(2):321-337.
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Chen MC, Cheng SJ, Hwang Y (2005). An empirical investigation of the relationship between intellectual capital and firms' market value and financial performance. Journal of Intellectual Capital 6(2):159-176.
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Dumay J (2016). A critical reflection on the future of intellectual capital: from reporting to disclosure. Journal of Intellectual capital 17(1):168-184.
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Firer S, Mitchell Williams S (2003). Intellectual capital and traditional measures of corporate performance. Journal of Intellectual Capital 4(3):348-360.
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Forte W, Tucker J, Matonti G, Nicolò G (2017). Measuring the intellectual capital of Italian listed companies. Journal of Intellectual Capital 18(4):710-732.
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Gan K, Saleh Z (2008). Intellectual capital and corporate performance of technology-intensive companies: Malaysia evidence. Asian Journal of Business and Accounting 1(1):113-130.

 
 

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Maditinos D, Chatzoudes D, Tsairidis C, Theriou G (2011). The impact of intellectual capital on firms' market value and financial performance. Journal of Intellectual Capital 12(1):132-151.
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Pentilde DN, Ruiz VR, Navarro JL (2012). A case study of control strategy based on intellectual capital management. African Journal of Business Management 6(16):5622-5632.

 
 

Pulic A (1998). Measuring the performance of intellectual potential in knowledge economy. In 2nd McMaster Word Congress on Measuring and Managing Intellectual Capital by the Austrian Team for Intellectual Potential.

 
 

Pulic A (2000). VAIC™–an accounting tool for IC management. International Journal of Technology Management 20(5-8):702-714.
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Rehman WU, Chaudhary AR, Rehman HU, Zahid A (2011). Intellectual capital performance and its impact on corporate performance: An empirical evidence from MODARABA sector of Pakistan. Australian Journal of Business and Management Research 1(5):8-16.

 
 

Sardo F, Serrasqueiro Z (2018). Intellectual capital, growth opportunities, and financial performance in European firms: Dynamic panel data analysis. Journal of Intellectual Capital 19(4):747-767.
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Smriti N, Das N (2018). The impact of intellectual capital on firm performance: a study of Indian firms listed in COSPI. Journal of Intellectual Capital 19(5):935-964.
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Zéghal D, Maaloul A (2010). Analysing value added as an indicator of intellectual capital and its consequences on company performance. Journal of Intellectual capital 11(1):39-60.
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Zhang N (2017). Relationship between intangible assets and financial performance of listed telecommunication firms in China, based on empirical analysis. African Journal of Business Management 11(24):751-757.

 
 

Zou X, Huan TC (2011). A study of intellectual capitals impact on listed banks performance in China. African Journal of Business Management 5(12):5001-5009.