Intellectual capital: Effects on firm’ Market value, financial performance and financial vulnerability

Simple item page
dc.contributor.authorMuhammad, Zain ul Abidin
dc.date.accessioned2017-08-22T14:20:38Z
dc.date.available2017-08-22T14:20:38Z
dc.date.issued2017
dc.descriptionSupervised by: Dr. Safia Nosheenen_US
dc.description.abstractThe existing research intends to evaluate the link between intellectual capital, firm’s market value, financial vulnerability and financial performance in specific market industries and particular constraints of Pakistan. Companies are selected from the listed corporations of PSX. The intellectual capital is measured using the VAIC methodology proposed by Pulic (2000a, b) that is based on three indicators of Intellectual Capital; Capital employed efficiency (VACE), Structural capital efficiency (STVA) and Human capital efficiency (VAHU). Market value is measured by market-to-book value of corporations. Profitability of corporations is measured by ROA and ROE, while financial vulnerability is measured by equity ratio and operating margin ratio. The outcomes of the study indicate mixed results. Intellectual Capital(IC) is linked with market value but it excludes the factors of human and structural capital efficiency. Moreover, ROE and ROA are significantly associated with IC. Finally, all three indicators of IC are significantly linked with ROE and ROA, excluding STVA in case of ROA. Financial vulnerability measures of Pakistan’s entities shows varied results with VAIC components. Hence, further research should consider advance accounting measures as well as mature financial structures to develop an ideal methodology for measuring Intellectual Capital and to establish it link with financial vulnerability.en_US
dc.identifier.urihttps://escholar.umt.edu.pk/handle/123456789/2092
dc.language.isoenen_US
dc.publisherUniversity of Management and Technology Lahoreen_US
dc.subjectPakistan, Intellectual Capitalen_US
dc.subjectVAIC, Profitabilityen_US
dc.subjectFinancial Vulnerability.en_US
dc.subjectMS THESISen_US
dc.titleIntellectual capital: Effects on firm’ Market value, financial performance and financial vulnerabilityen_US
dc.typeThesisen_US
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Summary.pdf
Size:
58.08 KB
Format:
Adobe Portable Document Format
Description:
Download
No Thumbnail Available
Name:
Full View.htm
Size:
23.33 KB
Format:
Hypertext Markup Language
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Department of Finance