The impact of intellectual capital on performance in Brazilian companies

Clarissa Gracioli Camfield; Cíntia Paese Giacomello; Miguel Afonso Sellitto

doi:10.4067/S0718-27242018000200023

Authors

Clarissa Gracioli Camfield Instituto Federal de Educação, Ciência e Tecnologia do Rio Grande do Sul (IFRS)- Campus Bento Gonçalves e Universidade do Vale do Rio dos Sinos (UNISINOS) http://orcid.org/0000-0002-2978-4086
Cíntia Paese Giacomello Universidade de Caxias do Sul - UCS
Miguel Afonso Sellitto Universidade do Vale do Rio dos Sinos- UNISINOS http://orcid.org/0000-0002-8561-9085

DOI:

https://doi.org/10.4067/S0718-27242018000200023

Keywords:

human capital, client capital, structural capital, quality, performance.

Abstract

The objective of this article is to analyze comparatively the importance of intellectual capital and the impact of intellectual capital on the performance of Brazilian companies awarded the Rio Grande do Sul Quality Award in 2004 and 2017. A sample of 72% of the Brazilian companies that received this Quality Award of the Gaucho Quality and Productivity Program in 2004 and 70.5% in 2017 were investigated. It can be affirmed that intellectual capital continues to be an essential asset, but during this period there have been some changes concerning the level of presence and importance among the elements that compose it. Regarding the changes in the influence of intellectual capital on organizational performance between 2004 and 2017, the results showed that intellectual capital, through human, structural and client capital, practically still has the same level of influence on organizational performance.

Downloads

Download data is not yet available.

References

Andreeva, T. and Garanina, T. (2016), “Do all elements of intellectual capital matter for organisational performance? Evidence from Russian context”, Journal of Intellectual Capital, Vol. 17 No. 2, pp. 397-412.

Agostini, L., Nosella, A., & Filippini, R. (2017). Does intellectual capital allow improving innovation performance? A quantitative analysis in the SME context. Journal of Intellectual Capital, 18(2), 400–418. https://doi.org/10.1108/JIC-05-2016-0056

Amin, S., & Aslam, S. (2017). Intellectual Capital, Innovation and Firm Performance of Pharmaceuticals: A Study of the London Stock Exchange. Journal of Information & Knowledge Management, 16(2), 1750017. https://doi.org/10.1142/S0219649217500174

Bontis, N., Janosevic, S. and Dzenopoljac, V. (2015), “Intellectual capital in Serbia’s hotel industry”, International Journal of Contemporary Hospitality Management, Vol. 27 No. 6, pp. 1365-1384.

Clarke, M., Seng, D., & Whiting, R. H. (2011). Intellectual capital and firm performance in Australia. Journal of Intellectual Capital, 12(4), 505–530. https://doi.org/10.1108/14691931111181706

Cricelli, L., Greco, M. and Grimaldi, M. (2013), “The assessment of the intellectual capital impact on the value creation process: a decision support framework for top management”, International Journal of Management and Decision Making, Vol. 12 No. 2, pp. 146-164.

Dženopoljac, V., Janoševic, S. and Bontis, N. (2016), “Intellectual capital and financial performance in the Serbian ICT industry”, Journal of Intellectual Capital, Vol. 17 No. 2, pp. 373-396.

Dzenopoljac, V., Yaacoub, C., Elkanj, N., & Bontis, N. (2017). Impact of intellectual capital on corporate performance: Evidence from the Arab region. Journal of Intellectual Capital. https://doi.org/10.1108

Fernández-Pérez de la Lastra, S., García-Carbonell, N., Martín-Alcázar, F., & Sánchez-Gardey, G. (2017). Intellectual capital role in ambidexterity emergence. Journal of Intellectual Capital, 18(4), 733–744. https://doi.org/10.1108/JIC-10-2016-0100

González, E.V., Calzada, M.A.H. and Hernández, B.C.S. (2017), “La medición del capital intelectual y su impacto en el rendimiento financiero en empresas del sector industrial en México”, Contaduría y Administración, Vol. 62 No. 1, pp. 184-206.

Greco, M., Grimaldi, M., Scarabotti, L., & Schiraldi, M. M. (2013). The Sources of Competitive Advantage in University Spin-Offs : a Case Study The Sources of Competitive Advantage in University Spin-Offs : a Case Study. International Journal of Innovation and Technology Management, 8(3), 139–152. https://doi.org/10.4067/S0718-27242013000400013

Jordão, R.V.D. (2015), “Knowledge and information management practices in small and medium-sized enterprises organized in cooperative networks: a multi-case comparative study in the Brazilian industry”, Information Science Perspectives, Vol. 20No. 3, pp. 178-199, doi: 10.1590/1981-5344/1737.

Jordão, R. V. D., & Almeida, V. R. de. (2017). Performance measurement, intellectual capital and financial sustainability. Journal of Intellectual Capital, 18(3), 643–666. https://doi.org/10.1108/JIC-11-2016-0115

Mendoza, R.R. (2017), “Relationship between intangible assets and cash flows: an empirical analysis of publicly listed corporations in the Philippines”, Review of Integrative Business and Economics Research, Vol. 6 No. 1, pp. 188-202.

Morris, C. (2015), “An industry analysis of the power of human capital for corporate performance: evidence from South Africa”, South African Journal of Economic and Management Sciences, Vol. 18 No. 4, pp. 486-499.

Nawaz, T., & Haniffa, R. (2017). Determinants of financial performance of Islamic banks: an intellectual capital perspective. Journal of Islamic Accounting and Business Research Journal of Islamic Accounting and Business Research Iss, 8(1), 130–142. https://doi.org/10.1108/JIABR-06-2016-0071

Nimtrakoon, S and R Chase (2015). The relationship between intellectual capital, ¯rms' market value and ¯nancial performance: Empirical evidence from the ASEAN. Journal of Intellectual Capital, 16(3).

Roos, G. (2017). Knowledge management , intellectual capital , structural holes , economic complexity and national prosperity. https://doi.org/10.1108/JIC-07-2016-0072

Sardo, F. and Serrasqueiro, Z. (2017) ‘A European empirical study of the relationship between firms ’ intellectual capital , financial performance and market value’, Journal of Intellectual Capital. doi: 10.1108/JIC-10-2016-0105.

Secundo, G., De Beer, C., Schutte, C. S. L., & Passiante, G. (2017). Mobilising intellectual capital to improve European universities’ competitiveness. Journal of Intellectual Capital, 18(3), 607–624. https://doi.org/10.1108/JIC-12-2016-0139

Sharma, S., & Dharni, K. (2017). Intellectual capital disclosures in an emerging economy: status and trends. Journal of Intellectual Capital, 18(4), 868–883. https://doi.org/10.1108/JIC-09-2016-0092

Schiuma, G., Lerro, A. and Carlucci, D. (2008), “The knoware tree and the regional intellectual capital index: an assessment within Italy”, Journal of Intellectual Capital, Vol. 9 No. 2, pp. 283-300.

Tseng, K., Lan, Y., Lu, H., & Chen, P. (2013). Mediation of strategy on intellectual capital and performance. Management Decision. https://doi.org/10.1108/MD-03-2012-0143

Verbano, C. and Crema, M. (2016), “Linking technology innovation strategy, intellectual capital and technology innovation performance in manufacturing SMEs”, Technology Analysis & Strategic Management, Vol. 28 No. 5, pp. 524-540.

Wang, W., & Chang, C. (2005). Intellectual capital and performance in causal models. Journal of Intellectual Capital, 6(2), 222–236. https://doi.org/10.1108/14691930510592816

Yi, A. and Davey, H. (2010), “Intellectual capital disclosure in Chinese (mainland) companies”, Journal of intellectual capital, Vol. 11 No. 3, pp. 326-347.

Zerenler, M., Hasiloglu, S.B. and Sezgin, M. (2008), “Intellectual capital and innovation performance: empirical evidence in the Turkish automotive supplier”, Journal of Technology Management & Innovation, Vol. 3 No. 4, pp. 31-40.