The Contribution of Intellectual Capital to Firms' Sustainable Growth Ability: An Empirical Investigation Based on Listed Companies in China

Shui-ying, Jin; Wu, Yinglong

doi:10.1109/iciii.2008.245

Cited by 6 publications

(4 citation statements)

References 4 publications

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“…A study from 2008, conducted in China, proved the positive significant impact of intangible assets (intellectual capital) on SGR, where, according to results of this study, "human capital is the root of the momentum of enterprise growth" (Shui-ying & Ying-yu, 2008).…”

Section: Intangible Assets and Sgrmentioning

confidence: 61%

Intangible Assets Impact on Sustainable Growth Rate of Enterprises in the Republic of Serbia

Rastić¹,

Stevanović

Antić

2021

FU Econ Org

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The digital economy unites a dual typology of resources in enterprises, which can be tangible and intangible. In the language of accounting, it is about tangible and intangible assets. Due to the involvement of digital technologies in companies, intangible assets or intellectual capital became prominent. The sustainable growth of companies in Serbia has great importance for both management and external stakeholders. The presented paper examines the impact of intangible assets, formatted with the VAIC model, on the Sustainable growth rate (SGR) of companies in Serbia. The selected list of companies refers to the most profitable industry sector of the Serbian economy, assessed according to the Serbian Business Registers Agency for 2018. In order to confirm the hypothesis, the synthesis method, the analysis method, and the correlation analysis method were used. There was a significant positive impact of intangible assets on the sustainable growth rate of enterprises and a negative impact of physical assets, which, however, is not statistically significant. Since no research has been recorded in our country that sheds light on the correspondence between intangible assets and SGR, the study has a strong practical significance for this purpose. These results represent at the same time a reference point for our economy and for future entrepreneurs on the way to intensive involvement of intangible assets in companies.

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Section: Intangible Assets and Sgrmentioning

confidence: 61%

Intangible Assets Impact on Sustainable Growth Rate of Enterprises in the Republic of Serbia

Rastić¹,

Stevanović

Antić

2021

FU Econ Org

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“…Further, this model employed all indicators calculated from the company's audited financial statements that ensured reliable information. Furthermore, various prior studies guided us to use this method for calculating SGR [14,[67][68][69]. The model is as follows:…”

Section: Variables Usedmentioning

confidence: 99%

Intellectual Capital, Firm Performance, and Sustainable Growth: A Study on DSE-Listed Nonfinancial Companies in Bangladesh

Rana

Hossain

2023

Sustainability

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Intellectual Capital (IC) stimulates corporate competitive advantages that can enhance firm performance and sustainable growth (SG). This study investigates IC’s affinity with and impact on accounting and market performance and SG of listed nonfinancial companies in Bangladesh. Data were collected from 69 nonfinancial companies for five years during 2017–2021, forming 345 observations. Modified Value Added Intellectual Coefficient (MVAIC) and steady-state models consecutively measured IC efficiency and Sustainable Growth Rate (SGR). The Robust fixed effect model was applied to confirm the highest reliable results. Results of MVAIC, Intellectual Capital Efficiency (ICE), and Human Capital Efficiency (HCE) showed a positive affinity with and impact on firm performance and SGR. Structural Capital Efficiency (SCE) showed an insignificant association with and impact on explained variables, whereas Relational Capital Efficiency (RCE) showed a significant negative relationship with and impact on the same. Tangible capital employed efficiency (CEE) enhanced firm performance but failed to confirm sustainable growth. The findings help business executives, government, and policymakers formulate strategic plans for sustainable resource utilization and can create value, competitive edges, and survival for firms. The study recommends that corporate entities should strive to enhance their efficiency in internal structural resources and relational activities to achieve better firm performance and sustainable growth.

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“…Chen et al (2022), using the RBV theory lens in a multiple regression model to analyse longitudinal time-series panel data, found that customer value, operating expenses, and industry fixed assets are significant determinants of SGR, with customer value and fixed assets having a positive relationship with SGR and operating expenses having a negative impact. Shui-ying and Ying-yu (2008) examined the relationship between intellectual capital and the capacity for sustainable growth of 699 Chinese companies.…”

Section: The Sustainable Growth Rate (Sgr) Nexusmentioning

confidence: 99%

Corporate Governance, Liquidity Risk, and Sustainable Growth Rate in the Nigerian Banking Industry

Agha

2023

J. Professional Business Review

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Purpose: The objective of this study was to investigate the impact of board independence, liquidity risk management, and other bank-specific factors on the sustainable growth rate of banks in a developing country. Theoretical framework: The study relied on two major theories: the Agency Theory, which explored the conflicts of interest between owners and managers, and the Resources-based View Theory (RBV), which examined how banks utilised unique resources to achieve competitive advantages and sustain growth. Design/methodology/approach: The study analysed panel data from twelve banks listed on the Nigerian Stock Exchange from 2008 to 2021. This study utilised the Feasible Generalised Least Squares (FGLS) regression technique, chosen for its effectiveness in addressing serial correlation and heteroskedasticity, to examine the effect of various factors on the sustainable growth rate. Findings: The study found that the sustainable growth rate (SGR) of banks was significantly affected by the interaction between corporate governance variables and factors such as liquidity risk, dividend payout ratio, bank size, asset quality, and operating margin. Additionally, board independence and bank performance may not be enough to ensure a bank’s resilience in volatile conditions. Research, Practical & Social implications: The study illuminated previously neglected factors that affect the sustainable growth rate of banks. Bank boards and policymakers can utilise these insights to enhance governance structures, risk management practices, and regulatory frameworks. This enhanced comprehension can contribute to a more stable financial system, improving public confidence and economic stability. Originality/value: This study addresses a notable research gap by examining the influence of board independence and bank-specific factors on the sustainable growth rate of banks. Prior research has predominantly focused on the non-financial services industry, leaving this area understudied.

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The Contribution of Intellectual Capital to Firms' Sustainable Growth Ability: An Empirical Investigation Based on Listed Companies in China

Cited by 6 publications

References 4 publications

Intangible Assets Impact on Sustainable Growth Rate of Enterprises in the Republic of Serbia

Intangible Assets Impact on Sustainable Growth Rate of Enterprises in the Republic of Serbia

Intellectual Capital, Firm Performance, and Sustainable Growth: A Study on DSE-Listed Nonfinancial Companies in Bangladesh

Corporate Governance, Liquidity Risk, and Sustainable Growth Rate in the Nigerian Banking Industry

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