Dynamics between intellectual capital and firm performance: A study of Indian listed Construction, Energy and Information Technology firms

Pankaj Anand, Anindita Adhikary, Jitendra Kumar, Harishankar Vidyarthi, Subhadeep Mukherjee

doi:10.7492/3an25363

Authors

Pankaj Anand, Anindita Adhikary, Jitendra Kumar, Harishankar Vidyarthi, Subhadeep Mukherjee Author

DOI:

https://doi.org/10.7492/3an25363

Abstract

Purpose: This study explores the influence of intellectual capital on firm performance among BSE listed Construction, Energy and Information Technology firms in India.

Design/methodology/approach: This study analyses data from 70 listed Indian construction, energy and information technology companies using Panel-Corrected Standard Error regression analysis over the year 2014-2021.

Findings: The empirical findings reveal that Indian publicly listed construction, energy and information technology firms exert a positive influence on firm performance over the study period. Notably, Human Capital emerges as a critical determinant that significantly impacts firm performance in all three sectors followed by capital employed efficiency.

Originality/Value: This study represents the first comprehensive examination of the relationship between intellectual capital and firm performance in listed construction, energy and information technology firms. It is also pioneering in its application of Panel Corrected Standard Error regression analysis, alongside VAIC and MVAIC models, to analyse the relationship between IC and various measures of firm performance within this sector.