Article: The intellectual capital model: the resource-based theory application Journal: International Journal of Learning and Intellectual Capital (IJLIC) 2013 Vol.10 No.3/4 pp.294 - 313 Abstract: The research deepens the understanding of the definitions and role of intellectual capital in enhancing wealth potential from the viewpoint of Malaysian public listed companies. The research applied the resource-based theory in measuring each of the intellectual capital dimension (human, relational and structural capital) themes or sub-classification. The resource-based theory emphasises that in order to achieve and sustain competitive advantage, the resources must be unique which means valuable, scarce, inimitable and difficult to substitute. Thus, to acknowledge the differing economic potential of each intellectual capital dimension, the current research proposes that the 'resource uniqueness' quality should be embedded in each of the intellectual capital dimension which in turn will enhance firm's performance. Based on the perception of 155 public listed companies managers, the research found that the 'resource uniqueness' quality is strongly embedded in structural capital only and not relevant to human and relational capital. This implies that organisation processes, systems, patents and innovation can be related to the rare, imperfectly imitable and non-substitutable criteria. Human capital come and go from the firms and as they leave, they may take away the relationships which have been established with their customers, hence makes it is difficult to ascertain the uniqueness quality. Inderscience Publishers - linking academia, business and industry through research

Title: The intellectual capital model: the resource-based theory application

Authors: Amrizah Kamaluddin; Rashidah Abdul Rahman

Addresses: Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, Level 12, SAAS Tower, 40450 Shah Alam, Selangor, Malaysia ' Accounting Research Institute and Faculty of Accountancy, Universiti Teknologi MARA, Level 12, SAAS Tower, 40450 Shah Alam, Selangor, Malaysia

Abstract: The research deepens the understanding of the definitions and role of intellectual capital in enhancing wealth potential from the viewpoint of Malaysian public listed companies. The research applied the resource-based theory in measuring each of the intellectual capital dimension (human, relational and structural capital) themes or sub-classification. The resource-based theory emphasises that in order to achieve and sustain competitive advantage, the resources must be unique which means valuable, scarce, inimitable and difficult to substitute. Thus, to acknowledge the differing economic potential of each intellectual capital dimension, the current research proposes that the 'resource uniqueness' quality should be embedded in each of the intellectual capital dimension which in turn will enhance firm's performance. Based on the perception of 155 public listed companies managers, the research found that the 'resource uniqueness' quality is strongly embedded in structural capital only and not relevant to human and relational capital. This implies that organisation processes, systems, patents and innovation can be related to the rare, imperfectly imitable and non-substitutable criteria. Human capital come and go from the firms and as they leave, they may take away the relationships which have been established with their customers, hence makes it is difficult to ascertain the uniqueness quality.

Keywords: intellectual capital models; human capital; relational capital; structural capital; resource uniqueness; resource-based view; RBV; Malaysia.

DOI: 10.1504/IJLIC.2013.057427

International Journal of Learning and Intellectual Capital, 2013 Vol.10 No.3/4, pp.294 - 313

Published online: 29 Jan 2014 *

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Title: The intellectual capital model: the resource-based theory application

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