Value added intellectual coefficient (VAIC): an empirical study
There is no doubt that conventional accounting does not provide actual value of a firm since they only take into account the tangible assets. Intellectual capital provides a new concept for considering actual value of the assets, which helps calculate intangible values of the firm. In this paper, we...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Growing Science
2012-04-01
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| Series: | Management Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/msl/Vol2/msl_2012_6.pdf |
| _version_ | 1819145146263928832 |
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| author | Mehrnaz Paknezhad Ahmad Ahmadkhani |
| author_facet | Mehrnaz Paknezhad Ahmad Ahmadkhani |
| author_sort | Mehrnaz Paknezhad |
| collection | DOAJ |
| description | There is no doubt that conventional accounting does not provide actual value of a firm since they only take into account the tangible assets. Intellectual capital provides a new concept for considering actual value of the assets, which helps calculate intangible values of the firm. In this paper, we use value added intellectual coefficient (VAIC) to measure the performance of a firm. The study investigates the relationship between intellectual capital and return on assets and value added for three consecutive years between 2008 and 2010. The results indicate that there is no meaningful relationship between intellectual capital and return on assets for fiscal years of 2008 and 2009 but there is a meaningful relationship between these two items for the fiscal year of 2010 when . Our findings also indicate that there is no meaningful relationship between intellectual capital and value added for the years of 2008 and 2010 but there is a meaningful relationship between the items for the fiscal year of 2009. The results somewhat confirm the recently published results in the literature, which argues the use of VAIC for assessing the direct impact of IC on other financial factors. |
| first_indexed | 2024-12-22T12:53:23Z |
| format | Article |
| id | doaj.art-c0504697d29b4573963be746a2fff7c9 |
| institution | Directory Open Access Journal |
| issn | 1923-9335 1923-9343 |
| language | English |
| last_indexed | 2024-12-22T12:53:23Z |
| publishDate | 2012-04-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj.art-c0504697d29b4573963be746a2fff7c92022-12-21T18:25:11ZengGrowing ScienceManagement Science Letters1923-93351923-93432012-04-0123745750Value added intellectual coefficient (VAIC): an empirical studyMehrnaz PaknezhadAhmad AhmadkhaniThere is no doubt that conventional accounting does not provide actual value of a firm since they only take into account the tangible assets. Intellectual capital provides a new concept for considering actual value of the assets, which helps calculate intangible values of the firm. In this paper, we use value added intellectual coefficient (VAIC) to measure the performance of a firm. The study investigates the relationship between intellectual capital and return on assets and value added for three consecutive years between 2008 and 2010. The results indicate that there is no meaningful relationship between intellectual capital and return on assets for fiscal years of 2008 and 2009 but there is a meaningful relationship between these two items for the fiscal year of 2010 when . Our findings also indicate that there is no meaningful relationship between intellectual capital and value added for the years of 2008 and 2010 but there is a meaningful relationship between the items for the fiscal year of 2009. The results somewhat confirm the recently published results in the literature, which argues the use of VAIC for assessing the direct impact of IC on other financial factors.http://www.growingscience.com/msl/Vol2/msl_2012_6.pdfIntellectual capitalValue addedReturn on AssetPerformance measurement |
| spellingShingle | Mehrnaz Paknezhad Ahmad Ahmadkhani Value added intellectual coefficient (VAIC): an empirical study Management Science Letters Intellectual capital Value added Return on Asset Performance measurement |
| title | Value added intellectual coefficient (VAIC): an empirical study |
| title_full | Value added intellectual coefficient (VAIC): an empirical study |
| title_fullStr | Value added intellectual coefficient (VAIC): an empirical study |
| title_full_unstemmed | Value added intellectual coefficient (VAIC): an empirical study |
| title_short | Value added intellectual coefficient (VAIC): an empirical study |
| title_sort | value added intellectual coefficient vaic an empirical study |
| topic | Intellectual capital Value added Return on Asset Performance measurement |
| url | http://www.growingscience.com/msl/Vol2/msl_2012_6.pdf |
| work_keys_str_mv | AT mehrnazpaknezhad valueaddedintellectualcoefficientvaicanempiricalstudy AT ahmadahmadkhani valueaddedintellectualcoefficientvaicanempiricalstudy |