International Journal of Learning and Intellectual Capital
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International Journal of Learning and Intellectual Capital (5 papers in press)
INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCE OF STATE-OWNED BANKING: EVIDENCE FROM INDONESIA by Rosita Rosita, Imam Ghozali, Puji Harto, Heri Susanto, Fatlina Zainuddin Abstract: The purpose of this study is to investigate the relationship between the efficiency of intellectual capital (IC) and the financial performance of state-owned banking companies in Indonesia. IC Efficiency in state banks uses VAICTM with measures of human capital efficiency (HCE), structural capital efficiency (SCE) and capital employed efficiency (CEE). Financial performance using company return is profitability measured by return on asset (ROA) and return on equity (ROE). The samples of the study were state-owned banks in the period of 20122016. This study uses panel data from the financial statements of state-owned banking companies. The results of this study show that VAICTM has relationship with ROA, except CEE. However, ROE has no relationship with IC efficiency of all efficiency measures. Therefore, the efficiency of IC in state-owned banking companies is considered as part of the reason for the improvement of its performance in terms of ROA although not
all efficiencies of IC must be done by banking companies, especially from CEE. It should be supported by financial and physical capital. Keywords: intellectual capital; human capital efficiency; HCE; structural capital efficiency; SCE; capital employed efficiency; CEE; financial performance; state-owned banking; Indonesia. DOI: 10.1504/IJLIC.2020.10023752
Intellectual Capital and Corporate Financial Performance in Indias Central Public Sector Enterprises (CPSEs) by FAIZI WEQAR, S.M. Imamul Haque Abstract: The purpose of this paper is to empirically examine the effect of intellectual capital on the financial performance of the central public sector enterprises (CPSEs) operating in India and also to analyse the contribution made by each component of intellectual capital in the financial performance of the organisation. Secondary data were collected from the constituent companies of the S&P Bombay Stock Exchange (BSE) CPSE index from 2009 to 2018. VAIC methodology developed by Professor Pulic has been employed for measuring the intellectual capital efficiency of the CPSEs. The results revealed that intellectual capital shows a weak relationship with profitability (ROA) and market valuation (MB), but it acts as a strong predictor of productivity (ATO).
Also, the result shows that human capital is the most significant element among
all the three components of intellectual capital, in enhancing the financial
performance of the CPSEs. Keywords: value added intellectual coefficient; VAIC; intellectual capital; financial performance; central public sector enterprise; CPSE; India; profitability; productivity; market valuation; human capital; structural capital; physical capital. DOI: 10.1504/IJLIC.2020.10023754
Impact of Intellectual Capital on Innovation in Pharmaceutical Manufacturing SMEs in Pakistan by Ieeqan Ali Qureshi, Muhammad Khalique, T. Ramayah, Nick Bontis, Mohd Rafi Yaacob Abstract: The main purpose of this study is to determine the impact of intellectual capital on innovation in pharmaceutical manufacturing SMEs operating in Karachi. This empirical research is based on a survey of 97 pharmaceutical manufacturing SMEs. Purposive sampling technique was used to select the targeted respondents. Multiple regression analysis was applied to test the proposed research hypotheses. The findings demonstrate that intellectual capital has a positive impact on the innovation of SMEs operating in pharmaceutical industry in Karachi. This study will help to comprehend the importance of intellectual capital on innovation in SMEs and provide guidance
to capitalise it prudently. This research contributes to the existing literature by
investigating effect of intellectual capital on innovation of pharmaceutical
manufacturing SMEs in Karachi. This is a first study in Pakistan and it contributes in the existing theory of intellectual capital. It will provide a theoretical base for the future research endeavours. Keywords: intellectual capital; pharmaceutical SMEs; innovation; knowledge-based economy; Pakistan. DOI: 10.1504/IJLIC.2020.10023755
Creating employees job satisfaction in Telecommunication Company: Perceived organizational support and work stress as antecedents by Arif Partono Prasetio, Grisna Anggadwita, Nadya Ariana Dewi, Rizky Istitania Abstract: Job satisfaction is one of the important factors when it comes to companies to retaining their employees. Telecommunication companies in Indonesia continue to strive to develop the professionalism of their human resources through various programs and support. This article empirically investigates the effect of the perceived organisational support and work stress on job satisfaction in a telecommunication company. The data was collected from a sample of employees in a public telecommunications company; 200 questionnaires were distributed with a 51% response rate. The mediation analysis procedure was carried out to test the research hypotheses. The results revealed that perceived organisational support has a direct effect on job satisfaction and work stress. Work stress does not affect job satisfaction. This study contributes practically as a management guide in terms of helping companies to provide various types of support and empowerment for their
employees. The implications of these findings have been further explored in this study. Keywords: company empowerment; company support; job satisfaction; perceived organisational support; telecommunication companies; work stress. DOI: 10.1504/IJLIC.2020.10023756
Intellectual Capital and Firm Performance in Vietnam 2012-2016 by Hue Thi Hoang, Hanh Thi Hai Nguyen, Ngan Hoang Vu, Anh Hai Le, Hanh Hong Quach Abstract: The aim of the study is to investigate the relationship between intellectual capital and firm performance. We empirically explore how intellectual capital affects firm performance in Vietnam. The data was collected through annual enterprise surveys by the General Statistics Office of Vietnam on a sample of 13,900 Vietnamese firms during 20122016. Adopting Pulics (1998) value-added intellectual coefficient model as later refined, we model a path between intellectual capital and firm performance. Results show that intellectual capital correlated positively with firm performance during the period. Further, human capital correlates positively only with business
performance, material capital, and financial capital in the short-term. Among
components of intellectual capital efficiency, structural capital efficiency has
the greatest positive correlation with short and long-term firm performance.
Although there are some limitations to measure intellectual capital quantitatively, this research provides further insight into the effect of intellectual capital on firm performance within a developing country. Keywords: firm performance; intellectual capital; human capital; relational capital; structural capital; capital employed efficiency. DOI: 10.1504/IJLIC.2020.10023757