Intellectual Capital Impact on Financial Performance: Industry Effects
9 Pages Posted: 3 Mar 2012
Date Written: September 8, 2011
The role of intellectual capital is recognized on theoretical and practical level. This study examines whether intellectual capital produces any industry effects on short-term and long-term financial performance. The importance of intellectual capital for the whole investigated sample is revealed. The explanatory power of models is higher when we include the industry variable as predictor for both short-term and long-term indicators. The regressions based on subsamples for particular industries show the difference in intellectual capital significance and its configuration.
Keywords: Intellectual capital, industry effects, financial performance
JEL Classification: C12, D20, L60
Suggested Citation: Suggested Citation