Title: An investigation into intellectual capital efficiency and export performance of firms in India

Authors: G. Bharathi Kamath

Addresses: Department of Economics, University of Mumbai, Ranade Bhavan, Third Floor, Vidyanagari, Kalina Campus, Santacruz (East), Mumbai-400098, India

Abstract: The purpose of this paper is to empirically investigate the impact of intellectual capital (IC) efficiency on the financial and export performance of firms in India. This study uses data of 165 export firms listed on National Stock Exchange (NSE) for a six-year period from 2007 to 2013. In-depth study of four set of high export intensive industries in India viz. textile, chemical, information technology and financial services is done. Ante Pulic's value added intellectual coefficient model in its modified version (M-VAIC) that includes the components of relational capital and innovation capital in IC is used for analysis. The empirical investigation using panel regression found that IC efficiency does influence profitability of all firms in India especially in textile and IT industry. The results further confirmed that productivity and export performance of all firms is highly influenced by human capital efficiency.

Keywords: intellectual capital; export performance; financial performance; India; intangible assets; textile industry; IT industry; information technology; M-VAIC; chemical industry; relational capital; innovation capital.

DOI: 10.1504/IJLIC.2017.080641

International Journal of Learning and Intellectual Capital, 2017 Vol.14 No.1, pp.47 - 75

Received: 29 Jul 2015
Accepted: 18 Feb 2016
Published online: 01 Dec 2016 *

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