The Impact of Intellectual Capital on Corporate Performance of IT Companies: Evidence from Bursa Istanbul
Journal of Accounting and Applied Business Research, Vol. 1, No. 3, 2018
9 Pages Posted: 18 Dec 2018
Date Written: July 17, 2018
This study aims to investigate the impact of intellectual capital (IC) on corporate performance of IT companies listed on Borsa Istanbul for the period of 2004-2015. Value Added Intellectual Coefficient (VAIC) approach was applied to measure Intellectual Capital Efficiency (ICE). Corporate performance was calculated using traditional accounting tools involving; Market, Productivity, and Financial performance. The findings showed that human capital efficiency is the most effective factor in the issue of value creation than structural capital and capital employed for the study period before and after the crisis 2008. Structural capital efficiency does not play a considerable role invalue creation before and after the crisis. While Capital employed efficiency was not considered as an engine to value creation before the crisis, but it played a key role of value creation after the crisis.
Keywords: Intellectual capital, Human capital, Structural capital, Capital employed, Value added intellectual coefficient
JEL Classification: G14, G32, O34
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