Intellectual capital and dividend policy: the effect of CEO characteristics

Battisti, Enrico; Nirino, Niccolò; Christofi, Michael; Vrontis, Demetris

doi:10.1108/jic-11-2020-0354

Cited by 16 publications

(13 citation statements)

References 89 publications

(132 reference statements)

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“…In contrast, RCE has a negative relationship with ROA and no relationship with ROE. It is consistent with the previous literature (Battisti et al, 2021).…”

Section: Regression Analysis Of Pakistani Firmssupporting

confidence: 94%

“…According to this study, IC has a positive effect on the financial performance of firms. The results of this study are consistent with previous literature ( Ahmad and Ahmed, 2016 ; Hamdan et al, 2017 ; Amin et al, 2018 ; Adegbayibi, 2021 ; Battisti et al, 2021 ). In addition, these results are also supported by the RBT theory, which stresses the importance of intangible resources (IC).…”

Section: Conclusion Policy Implications and Future Recommendationssupporting

confidence: 94%

“…Additionally, it is imperative to pay attention to the financial capital simultaneously. Earlier studies have reported similar results ( Battisti et al, 2021 ). Moreover, CEE significantly impacts a firm’s financial performance because the R-squared of ROA and ROE is 0.616 and 0.585, respectively.…”

Section: Discussionsupporting

confidence: 82%

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Intellectual capital and financial performance: A comparative study

et al. 2022

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Intellectual Capital (IC) is a driving force behind the financial performance of non-financial firms. Investing in intellectual and physical capital allows companies to optimize their financial performance by maximizing resource utilization. This study aims to determine whether IC efficiency impacts the financial performance of listed Pakistani and Indian companies between 2010 and 2020. Return on Assets (ROA) and Return on Equity (ROE) are used to calculate financial performance, and IC is calculated using the modified Value-Added Intellectual Coefficient (MVAIC) model. Regression analysis is performed using the STATA software developed by the South Texas Art Therapy Association. Human Capital (HC), Structural Capital (SC), and Capital Employed (CE) have a significant impact on Pakistani and Indian firms’ financial performance. Resource-based theory (RBT) supports these findings. The findings should provide management with a prompt to improve financial performance and emphasize the importance of IC. A rare study has addressed the impact of IC on firm financial performance using the MVAIC model, rather than the VAIC model, in Pakistan and India.

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“…In contrast, RCE has a negative relationship with ROA and no relationship with ROE. It is consistent with the previous literature (Battisti et al, 2021).…”

Section: Regression Analysis Of Pakistani Firmssupporting

confidence: 94%

Section: Conclusion Policy Implications and Future Recommendationssupporting

confidence: 94%

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Intellectual capital and financial performance: A comparative study

et al. 2022

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“…We find that firms with better financial performance experience a positive and significant relationship between MA and IC disclosure. It is argued that firms with better performance (more profitable) have more effective corporate governance mechanisms (Battisti et al, 2021), and therefore, managers cannot work toward opportunistic goals. This causes managers to strive for corporate goals and signal good corporate performance to the market through more voluntary disclosure (Wolk et al, 2012).…”

Section: Discussionmentioning

confidence: 99%

Managerial ability and intellectual capital disclosure

Rajabalizadeh

Oradi

2021

ARA

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PurposeWhile prior research in the area of intellectual capital (IC) disclosure has mainly focused on firm, board and audit committee characteristics, there is little research on whether managerial characteristics are associated with IC disclosure. This study aims to examine the relationship between managerial ability (MA) and the extent of IC disclosure.Design/methodology/approachThe study sample comprises 1,098 firm-year observations of Iranian listed firms during 2012–2017. This study uses the checklist developed by Li et al. (2008) and adopts a content analysis approach and calculates the IC disclosure index in 62 dimensions within three categories: human capital, structural capital and relational capital. To measure MA, this study uses the managerial ability score (MA-Score) developed by Demerjian et al. (2012) for Iranian firms.FindingsThe results show that MA is significantly and negatively associated with the overall extent of IC disclosure and all the three components of IC (human capital, structural capital and relational capital). Further analysis shows that the interaction between MA and firm performance is positive and significant, suggesting that the negative relationship between MA and IC disclosure is less pronounced for high-performing firms. This study addresses the potential endogeneity issue by using the propensity score matching approach. The findings are also robust to the alternative measure of MA.Originality/valueThis study contributes to both the MA literature and the IC disclosure literature. To the best of the authors' knowledge, this study is the first to provide empirical evidence on the relationship between MA and IC disclosure.

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“…Efisiensi modal manusia merupakan pengetahuan, keahlian, ide-ide inovatif, dan kemampuan karyawan untuk memecahkan masalah dalam perusahaan (Edvinsson & Malone, 1997). Selain itu, efisiensi modal manusia merupakan sumber keunggulan kompetitif yang berkelanjutan kemampuan untuk menemukan solusi dan menarik sumber daya yang meningkatkan efektivitas dan efisiensi perusahaan (Battisti et al, 2022). Dengan adanya efisiensi modal manusia, memungkinkan manajemen untuk memanfaatkan potensi efisiensi penciptaan nilai sumber daya perusahaan.…”

Section: Pendahuluanunclassified

Tata Kelola Perusahaan, Keuangan, Merger dan Akuisisi, dan Efisiensi Modal Manusia Sebagai Variabel Moderasi

Chandra

Seli

2022

E-Jurnal Akuntansi

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This study aims to determine the effect of corporate governance and finance on mergers and acquisitions and to use human capital efficiency as a moderating variable. This research theoretically uses the theory of corporate control. The research sample is companies that carry out merger and acquisition activities and have been listed on the IDX in 2017-2021. The analytical method used was logistic regression and moderated regression analysis (MRA). The results showed that the size of the board of directors, institutional shareholders, and foreign ownership had a significant positive effect on mergers and acquisitions. Human capital efficiency is able to moderate the relationship between institutional shareholders and cash dividends on mergers and acquisitions. Keywords: Merger and Acquisition; Corporate Governance; Human Capital Efficiency

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Intellectual capital and dividend policy: the effect of CEO characteristics

Cited by 16 publications

References 89 publications

Intellectual capital and financial performance: A comparative study

Intellectual capital and financial performance: A comparative study

Managerial ability and intellectual capital disclosure

Tata Kelola Perusahaan, Keuangan, Merger dan Akuisisi, dan Efisiensi Modal Manusia Sebagai Variabel Moderasi

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