Title: Intellectual capital efficiency and its impact on sustainable growth of Indian agribusiness sector

Authors: Vaishnavi Balaji; Rajesh Mamilla

Addresses: VIT Business School, Vellore Institute of Technology (Deemed to be University), Vellore, Tamilnadu-632014, India ' VIT Business School, Vellore Institute of Technology (Deemed to be University), Vellore, Tamilnadu-632014, India

Abstract: The study focused on scrutinising the effect of intellectual capital (IC) components and financial capital (FC) on the sustainable growth of Indian agribusiness companies. First, the Lagrange multiplier test is conducted, identifying whether the panel least square is more suitable than the fixed effects model (FEM) or random effect model (REM). Next, the Hausman test determines whether the REM or FEM model is appropriate for panel data analysis. Next, to investigate the groupwise heteroskedasticity in panel data, Breusch-Pagan/Cook-Weisberg test is used. Then, the effect of IC components on agriculture companies' long-term success is investigated using a multiple regression model. The study's results are based on a sample of 14 publicly traded Indian agribusiness companies. Results conclude that the efficiency of the capital employed, human capital (HC), relational capital, and FC are all highly significant in determining the long-term development of Indian agribusiness.

Keywords: capital employed efficiency; CEE; capital intensity; financial capital; human capital efficiency; HCE; Indian agribusiness; innovation capital efficiency; owners' growth rate of equity; relational capital efficiency; RCE; structural capital efficiency; sustainable growth rate; SGR.

DOI: 10.1504/IJLIC.2023.129242

International Journal of Learning and Intellectual Capital, 2023 Vol.20 No.2, pp.193 - 216

Received: 09 Mar 2022
Accepted: 19 Jul 2022
Published online: 01 Mar 2023 *

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