International Conference on Eurasian Economies
10-12 July 2017 – Istanbul, TURKEY
Paper detail
Paper ID : 1883
Status : Paper published
Language : Turkish
Topic : Microeconomics and Entrepreneurship
Presenter: Ph.D. candidate Reşat Sakur
Session : 3D Mikroekonomi I
The Relationship between Intellectual Capital and Firm Financial Performance; An Econometric Analysis on the Banks which Processed to the BIST
Entelektüel Sermaye ile Firma Finansal Performansı İlişkisi; BİST’te İşlem Gören Bankalar Üzerine Bir Ekonometrik Analiz
- Ph.D. candidate Reşat Sakur (Şırnak University, Türkiye)
Abstract
Nowadays, the rapid development of information, communication and information technology increases the importance of information. The concept of knowledge management for businesses is becoming the biggest competitive element of the business and the prospect of intangible assets is steadily increasing. This situation gives priority to the concept of intellectual capital, which contributes the most to the value of the enterprises. In the literature, there are many studies on the relationship between intellectual capital concept and firm financial performance, and these studies generally focus on how intellectual capital is calculated. Human capital, structural capital and customer capital, which are the elements of the intellectual capital concept, are more prominent in the banking sector than the service producing sectors and are more evident than the company performance. The aim of our work is to examine the effect of intellectual capital on banks operating in Turkey and whose stocks are traded on the Stock Exchange Istanbul. In this context, the Intellectual Value Added Coefficient (VAIC) method developed by Ante Pulic was used to calculate the intellectual capital of the banks. In our study, the data of 13 banks under independent supervision during the period of 2009-2016 were analyzed by panel data analysis method and the relationship between intellectual capital and profitability of the banks, profitability of assets, net profit margin and equity profitability ratios were tested. As a result of the analysis made, a positive relationship was found between the intellectual capital of the banks and the financial performance.
JEL codes: G21, M21, C23
Sakur, Reşat (2017). "The Relationship between Intellectual Capital and Firm Financial Performance; An Econometric Analysis on the Banks which Processed to the BIST" in Proceedings of International Conference of Eurasian Economies 2017, pp.550-555, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C08.01883
