Theoretical background: Intellectual capital is perceived as a global economy driving factor. Many researchers highlight that it is an ingredient improving the functional gear of almost any organisation. Some voices have simultaneously appeared in scientific discussions claiming that the concept of intellectual capital management may not be fully applicable, either in conditions of economic downturn or during turbulent changes. A whole spectrum of external factors then come to the floor, affecting the situation of a company, while the periods of economic perturbations discourage investments in human resources and hamper HR initiatives. Therefore, in these changing economic conditions, a question arises about the rationale for and the directions of the development on the research on intellectual capital, and the concept itself undergoes a practical verification of suitability and usefulness. This is a particularly interesting field of research because the transformations, which take place in the environment of enterprises, create specific expectations, which should be met within the framework of ongoing research projects on the intellectual capital. Purpose of the article: The aim of this article is to identify the dominant topical trends and networks of research directions in the subject of intellectual capital and their changes over time. The study attempts to illustrate these changes. Pobrane z czasopisma Annales H -Oeconomia http://oeconomia.annales.umcs.pl Data: 21/11/2022 04:34:01 U M C S 114 MARLENA SMUDA-KOCOŃResearch methods: Having employed the text mining method, nearly 5,000 scientific articles on intellectual capital were analysed. Consequently, this extensive literature review enabled mapping of the network of links among the research directions in this area. Main findings:The results of the study have provided a fairly deep insight into the trends in the research on intellectual capital over the years. The results also reflect the vastness of the subject and the scope of the issues addressed over the past and present years. The interest in the concept of intellectual capital management continues and the dynamics of changes in the environment of the modern enterprise is not at all insignificant. The clusters, identified in the research on intellectual capital, have been opening new theoretical, pragmatic and methodological horizons. The analysis, carried out within the study network, confirmed the multifaceted nature of the network of research directions in the area of intellectual capital. In addition, the new research trends, which have been emerging in this area, clearly respond both to the dynamic changes in the business environment and to the doubts about the scale of activities, undertaken with regard to the intellectual capital management. Thus, in this situation, the periods of crisis and instability appear, on the one hand, as a serious threat to the issue of intellectual capital management, while on the other, they can be perceived as an opportunity to renew the existing management concepts.
ObjectiveThe aim of this paper is to identify basic relationships between intellectual capital efficiency in banks, their corporate governance, and their financial performance. Examining these relationships seems justified as up to now the topic has been investigated relatively rarely.MethodsStructural Equation Modeling was used to accomplish the research objective. The structure of the research tool and the subject matter analysed in the study were drawn from reviews of the subject literature. Quarterly data for the years 2007–2017 published in reports and financial statements of banks listed on the Warsaw Stock Exchange formed the basis for the analysis.FindingsThe results of the conducted analysis do sustain the postulated hypothesis that corporate governance and intellectual capital of banks listed on the Warsaw Stock Exchange have a concurrent, positive impact on financial performance At the same time the relationship between intellectual capital efficiency and (selected features of) corporate governance turned out to be ambiguous and statistically insignificant.Practical implicationThe proposed model of structural equations may be used to identify the relationship in question, or its lack, in other areas of organisational activity. Furthermore, the study results provide guidelines for executives with respect to intellectual capital management and corporate governance.Originality/valueSEM is a new, original proposal for measurement and presentation of the relationship between intellectual capital efficiency in banks, their corporate governance, and their financial performance.
Purpose: The paper is an attempt to enter the discussion in the subject literature on elucidating problems in the non-systemic approach to managing the bank as an organization. The purpose of the paper is to identify the contradictions within which banks are managed, and which are aggravated in contingency situations. Due to the sensitive matter of the services they provide, banks are institutions that require special attention particularly now, when the COVID situation is radically testing management quality. Design/methodology/approach: The paper is the result of a literature review. Findings: The epistemological studies conducted have culminated in a framework of contradictory determinants shaping bank management during fast-paced changes in market conditions. The theoretical construct proposed may be a point of departure for empirical verification and further analytic work on the capacity of banks to reconcile the antinomies identified in the paper. Originality/value: The study makes it possible for managers to fill the knowledge gap with respect to areas and implications of the identified contradictions. Awareness of their existence and, as a result, management that supports processes for responding to a volatile environment is particularly useful in crisis situations. The proposed theoretical concept may be applied to identify antinomies or their lack in other areas of management research for various organization types.
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