Intellectual capital and corporate profitability: zooming into value added intellectual coefficient
by Irene Wei Kiong Ting; Qian Long Kweh; Jawad Asif; Hanh Thi My Le
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 19, No. 5, 2022

Abstract: This study examines how value-added intellectual coefficient (VAIC™) and the modified VAIC™ affect corporate profitability. Using a Vietnamese corporate financial dataset of 1,624 firm-year observations for the period of 2009-2018, this study finds that intellectual capital (IC), as estimated by VAIC™ and modified VAIC™, has positive impacts on corporate profitability. However, the positive association between IC and profitability is clearer in the scatterplot involving the modified VAIC™. Although VAIC™ and modified VAIC™ consistently suggest positive impacts of IC on corporate profitability, the components of the two show different outcomes. This study stimulates the need to further examine not only VAIC™ but also other IC measurement models to help practitioners better estimate their IC for the best possible corporate profitability.

Online publication date: Wed, 07-Sep-2022

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