Version 1
: Received: 11 October 2023 / Approved: 12 October 2023 / Online: 12 October 2023 (07:39:15 CEST)
How to cite:
Lehenchuk, S.; Zaharov, D.; Vyhivska, I.; Makarovych, V.; Sheveria, Y. The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector. Preprints2023, 2023100785. https://doi.org/10.20944/preprints202310.0785.v1
Lehenchuk, S.; Zaharov, D.; Vyhivska, I.; Makarovych, V.; Sheveria, Y. The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector. Preprints 2023, 2023100785. https://doi.org/10.20944/preprints202310.0785.v1
Lehenchuk, S.; Zaharov, D.; Vyhivska, I.; Makarovych, V.; Sheveria, Y. The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector. Preprints2023, 2023100785. https://doi.org/10.20944/preprints202310.0785.v1
APA Style
Lehenchuk, S., Zaharov, D., Vyhivska, I., Makarovych, V., & Sheveria, Y. (2023). The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector. Preprints. https://doi.org/10.20944/preprints202310.0785.v1
Chicago/Turabian Style
Lehenchuk, S., Viktoriia Makarovych and Yaroslav Sheveria. 2023 "The Relationship Between Intellectual Capital and Company Financial Performance: Evidence From the Omani Industrial Sector" Preprints. https://doi.org/10.20944/preprints202310.0785.v1
Abstract
The purpose of the article is to measure, using the VAIC and MVAIC models, the impact of intellectual capital and its elements on the financial performance of Omani industrial companies listed on the Muscat Stock Exchange (MSE) from 2017 to 2021. Regression analysis using the Gretl software was applied to the study of panel data on the activities of 34 industrial companies in Oman, obtained from the official MSE website and from published financial statements. The analysis of literature sources was carried out using bibliometric analysis, the results of which were visualized using the VOSviewer software. To analyze the relationships between financial performance and its determinants (intellectual capital variables and control variables), four types of PERF models were developed, based on which sixteen models were directly examined. Four dependent variables (Earnings before interest, Taxes, Depreciation and Amortization, Return on Assets, Return on Equity, Assets Turnover Ratio) and eight independent variables (Value Added Intellectual Coefficient, Modified Value Added Intellectual Coefficient, Capital Employed Efficiency, Human Capital Efficiency, Structural Capital Efficiency, Relational Capital Efficiency, Size, and Leverage) were used to form these models. The Empirical Results section has discussed descriptive statistics and correlations, selection of estimate panel data parameter based on the F-statistics, Breusch-Pagan test, and Hausman test, assumption test results (Normality, Autocorrelation, Heteroscedasticity), and panel regression models. Analysis of the impact of VAIC, MVAIC and its elements on the financial performance of Omani industrial companies has yielded mixed results. VAIC and MVAIC in general have a significant positive effect only on ATO. For individual elements of VAIC and MVAIC, the following most significant associations with financial performance measures were found: CEE negatively affects ROE; SCE has a positive effect on l_EBITDA and ATO; RCE negatively affects ATO; l_SIZE has a positive effect on l_EBITDA and ROA; and LEV has a positive effect on ROA.
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
