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Intellectual capital and firm performance of US multinational firms A study of the resource‐based and stakeholder views

Intellectual capital and firm performance of US multinational firms A study of the resource‐based... The resource‐based view of the firm maintains that firms achieve a sustainable comparative advantage and earn superior profits by owning or controlling tangible as well as intangible strategic assets. The stakeholder view recommends that a better measure of financial performance than accounting profit is the total wealth created or net value added. Accordingly, this study examines the relationship between a return on total assets based on net value added ( à la stakeholder view) and the specific intangible asset of intellectual capital to test the resource‐based view of the firm. The results, using a sample of US multinational firms, are statistically significant in support of both the resource‐based and stakeholder views. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Intellectual Capital Emerald Publishing

Intellectual capital and firm performance of US multinational firms A study of the resource‐based and stakeholder views

Journal of Intellectual Capital , Volume 4 (2): 12 – Jun 1, 2003

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References (56)

Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
1469-1930
DOI
10.1108/14691930310472839
Publisher site
See Article on Publisher Site

Abstract

The resource‐based view of the firm maintains that firms achieve a sustainable comparative advantage and earn superior profits by owning or controlling tangible as well as intangible strategic assets. The stakeholder view recommends that a better measure of financial performance than accounting profit is the total wealth created or net value added. Accordingly, this study examines the relationship between a return on total assets based on net value added ( à la stakeholder view) and the specific intangible asset of intellectual capital to test the resource‐based view of the firm. The results, using a sample of US multinational firms, are statistically significant in support of both the resource‐based and stakeholder views.

Journal

Journal of Intellectual CapitalEmerald Publishing

Published: Jun 1, 2003

Keywords: Intellectual capital; Resources; Stakeholders; Multinationals; Value added; USA

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