The Effect of Ownership Structure on Intellectual Capital Efficiency: Evidence from Borsa Istanbul

7th International Conference on Business Administration (ICBA), May 3-5, 2018

6 Pages Posted: 24 Mar 2019

See all articles by Sedeaq Nassar

Sedeaq Nassar

Islamic University of Gaza - Department of Business Administration

Mahmoud Ashour

Marmara University, Faculty of Business Administration, Department of Accounting-Finance

Ömer Faruk Tan

Marmara University - Department of Accounting-Finance

Sezer Külah

Marmara University - Department of Accounting-Finance

Multiple version iconThere are 2 versions of this paper

Date Written: May 4, 2018

Abstract

This study examined the effect of ownership structure on intellectual capital efficiency of listed firms on Borsa Istanbul. Data covering the 2005-2015 period is gathered from the FINNET database and companies’ financial statements to compute VAIC, and from the ISO500 website to obtain the ownership structures of the companies. The ownership structure is divided into five different categories; government, family, institutional, individual, and foreign, while the efficiency of intellectual capital is measured using Public’s model Value Added Intellectual Coefficient (VAIC). This measure is composed of three main components, Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and Capital Employed Efficiency (CEE). In general, we find that family and foreign ownership structures have a significant negative impact on intellectual capital efficiency, while government, institutional, and individual ownership structures have a negative impact on intellectual capital efficiency. It seems that in this setting, all ownership structures have a negative impact on intellectual capital.

Keywords: Intellectual Capital, Value Added Intellectual Coefficient, Ownership Structure, Borsa Istanbul

JEL Classification: F65, G32, L60

Suggested Citation

Nassar, Sedeaq and Ashour, Mahmoud and Tan, Ömer Faruk and Külah, Sezer, The Effect of Ownership Structure on Intellectual Capital Efficiency: Evidence from Borsa Istanbul (May 4, 2018). 7th International Conference on Business Administration (ICBA), May 3-5, 2018, Available at SSRN: https://ssrn.com/abstract=3291397 or http://dx.doi.org/10.2139/ssrn.3291397

Sedeaq Nassar (Contact Author)

Islamic University of Gaza - Department of Business Administration ( email )

Gaza-AlRimal
Palestine

Mahmoud Ashour

Marmara University, Faculty of Business Administration, Department of Accounting-Finance ( email )

Bahcelievler Campus, Ressam Namık İsmail Sokak
No: 1, Bahçelievler
Istanbul, 34840
Turkey

Ömer Faruk Tan

Marmara University - Department of Accounting-Finance ( email )

Bahcelievler Campus, Ressam Namık İsmail Sokak
No: 1, Bahçelievler
Istanbul, 34840
Turkey

Sezer Külah

Marmara University - Department of Accounting-Finance ( email )

Bahcelievler Campus, Ressam Namık İsmail Sokak
No: 1, Bahçelievler
Istanbul, 34840
Turkey

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