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Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms
The new knowledge economy has created a global interest on the valuation of intellectual capital as well as its impact on firm performance and value. Developing economies have relatively only begun to investigate this relationship and progress has already been made in South Africa by a few researche...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2021
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| _version_ | 1867613237595340800 |
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| access_status_str | Open Access |
| author | Maluleke, Makungu Juanita |
| author2 | Smith, Colin |
| author_browse | Maluleke, Makungu Juanita Smith, Colin |
| author_facet | Smith, Colin Maluleke, Makungu Juanita |
| author_sort | Maluleke, Makungu Juanita |
| collection | Thesis |
| description | The new knowledge economy has created a global interest on the valuation of intellectual capital as well as its impact on firm performance and value. Developing economies have relatively only begun to investigate this relationship and progress has already been made in South Africa by a few researchers. The purpose of this study is to add to this investigation by exploring the relationship between intellectual capital and firm performance for South African listed firms in intellectual capital-intensive industries. A gap exists in South African research regarding the long-term impact of intellectual capital on firm performance. This relationship is important to define as firms may well make inappropriate decisions based on short-term relationships that do not create long-term value. This study applies a lag model in an aim to investigate this relationship in addition to the short-term relationship that exists between intellectual capital and firm performance. The study involves a quantitative analysis of data collected from firms in intellectual capital-intensive industries and makes use of the VAIC model developed by Ante Pulic to value intellectual capital. Measures of firm performance used are return on assets, total asset turnover and market capitalization. This study also makes use of panel data covering 62 JSE listed companies over 10 years. Empirical results show mixed outcomes regarding the relationship between intellectual capital and firm performance for both short-term models and lagged models. In some instances, no association was observed between intellectual capital and performance. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/33855 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:57.328Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/33855 Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms Maluleke, Makungu Juanita Smith, Colin Intellectual capital VAIC firm performance South Africa The new knowledge economy has created a global interest on the valuation of intellectual capital as well as its impact on firm performance and value. Developing economies have relatively only begun to investigate this relationship and progress has already been made in South Africa by a few researchers. The purpose of this study is to add to this investigation by exploring the relationship between intellectual capital and firm performance for South African listed firms in intellectual capital-intensive industries. A gap exists in South African research regarding the long-term impact of intellectual capital on firm performance. This relationship is important to define as firms may well make inappropriate decisions based on short-term relationships that do not create long-term value. This study applies a lag model in an aim to investigate this relationship in addition to the short-term relationship that exists between intellectual capital and firm performance. The study involves a quantitative analysis of data collected from firms in intellectual capital-intensive industries and makes use of the VAIC model developed by Ante Pulic to value intellectual capital. Measures of firm performance used are return on assets, total asset turnover and market capitalization. This study also makes use of panel data covering 62 JSE listed companies over 10 years. Empirical results show mixed outcomes regarding the relationship between intellectual capital and firm performance for both short-term models and lagged models. In some instances, no association was observed between intellectual capital and performance. 2021-09-13T08:27:38Z 2021-09-13T08:27:38Z 2020 2021-09-10T07:00:51Z Master Thesis Masters MCom http://hdl.handle.net/11427/33855 eng application/pdf Department of Finance and Tax Faculty of Commerce |
| spellingShingle | Intellectual capital VAIC firm performance South Africa Maluleke, Makungu Juanita Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| thesis_degree_str | Master's |
| title | Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| title_full | Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| title_fullStr | Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| title_full_unstemmed | Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| title_short | Impact of intellectual capital on firm performance: Evidence from South African JSE listed firms |
| title_sort | impact of intellectual capital on firm performance evidence from south african jse listed firms |
| topic | Intellectual capital VAIC firm performance South Africa |
| url | http://hdl.handle.net/11427/33855 |
| work_keys_str_mv | AT malulekemakungujuanita impactofintellectualcapitalonfirmperformanceevidencefromsouthafricanjselistedfirms |