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Performance of intellectual capital in Indian healthcare sector
Published in Inderscience Publishers
Volume: 12
Issue: 1
Pages: 47 - 60
Measurement of intellectual capital efficiency and its impact on the financial performance of companies is a commonly researched domain. A significant section of researchers have used the Value Added Intellectual Coefficient (VAIC™) model - an accounting data-based measurement model, for this purpose. However, the contemporary literature criticises this model for non-inclusion of relational capital and perfect interdependency between intellectual capital components. This study addresses these shortcomings by presenting an extended and modified version of the VAIC™ model. Relational capital has been added as a new variable. This new model has been tested on the healthcare firms of India. A comparative analysis of the two models has also been done. Regression results do not encourage the inclusion of relational capital in VAIC™. During comparative study, the coefficient of determination values suggest that the proposed model may be preferred over VAIC™ for all the three performance variables - return on assets, return on equity and return on sales. These findings have academic as well as practical implications.
About the journal
JournalInternational Journal of Learning and Intellectual Capital
PublisherInderscience Publishers
Open AccessNo