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ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ

Year 2009, Volume: 27 Issue: 2, 127 - 140, 31.12.2009

Semra Karacaer Mehmet Aygün

Abstract

Bu çalışmanın
temel amacı, entellektüel sermaye ve firma performansı arasındaki ilişkiyi
incelemektir. Çalışmada firma performans ölçütleri olarak; karlılık, verimlilik
ve piyasa değeri kullanılmıştır. İstanbul Menkul Kıymetler Borsası’na kayıtlı
50 firmanın 2007 yılı verileri incelenmiş ve entellektüel sermaye ölçümünde
Entellektüel Sermaye Katma Değer Katsayısı yönteminden yararlanılmıştır. Ampirik
analizlerde korelasyon ve çoklu regresyon kullanılmıştır. Ampirik analiz
sonucunda, yapısal sermaye etkinliği katsayısı dışındaki, entellektüel sermaye
katsayısı ile firma performansı arasında pozitif ve istatistiksel olarak
anlamlı ilişkiler elde edilmiştir.



 



 

Keywords

Entellektüel sermaye firma performansı entellektüel sermaye katma değer katsayısı insan sermayesi

References

  • Bontis, N. (1998) “Intellectual Capital: An Exploratory Study That Develops Measures and Models”, Management Decision, 36(2), 63–76.
  • Bontis, N., W.C.C. Keow and S. Richardson (2000) “Intellectual Capital and Business Performance in Malasian Industries”, Journal of Intellectual Capital, 1(1), 85–100.
  • Brooking, A. (1997) “The Management of Intellectual Capital”, Long Range Planning, 30(3), 364–365.
  • Chen, M. C., S.J. Cheng and Y. Hwang (2005) “An Empirical Investigation of the Relationship Between Intellectual Capital and Firms’ Market Value and Financial Performance”, Journal of Intellectual Capital, 6(2), 159–176.
  • Chen, J., Z. Zhu and H.Y. Xie. (2004) “Measuring Intellectual Capital: A New Model and Empirical Study”, Journal of Intellectual Capital, 5(1), 195–212.
  • Chen G, M.Y., J.Y. Lin (2008) “Censoring Model for Evaluating Intellectual Capital Value Drivers”, Journal of Intellectual Capital, 9(4), 639–654.
  • De Castro, G.M. and P.L. Saez (2008) “Intellectual Capital in High-Tech Firms”, Journal of Intellectual Capital, 9(1), 25–36.
  • Edvınsson, L. (1997) “Developing Intellectual Capital at Skandia”, Long Range Planning, 30(3), 366–373.
  • Engstrom, T.J., P. W. and S. F. Westnes (2003) “Evaluating Intellectual Capital in the Hotel Industry”, Journal of Intellectual Capital, 4(3), 287–303.
  • El-Bannany, M. (2008) “A Study of Determinants of Intellectual Capital Performance in Banks: the UK Case”, Journal of Intellectual Capital, 9(3), 487–498.
  • Firer, S., and S.M. Williams (2003) “Intellectual Capital and Traditional Measures of Corporate Performance”, Journal of Intellectual Capital, 4(3), 348–360.
  • Ghosh, D., and A. Wu (2007) “Intellectual Capital and Capital Markets: Additional Evidence”, Journal of Intellectual Capital, 8(2), 216–235.
  • Goh, P.C. (2005) “Intellectual Capital Performance of Commercial Banks in Malaysia” Journal of Intellectual Capital, 6(3), 385–396.
  • Kamath, G.B. (2007) “Intellectual Capital and Corporate Performance in Indian Pharmaceutical Industry”, Journal of Intellectual Capital, 8(1), 96–123.
  • Kamath, G.B. (2008) “The Intellectual Capital Performance of Indian Banking Sector” Journal of Intellectual Capital, 9(4), 684–704.
  • Marr, B., D. Gray and A. Neely (2003) “Why do Firms Measure Their Intellectual Capital?”, Journal of Intellectual Capital, 4(4), 441–464.
  • Marques, D.P. and F.J.G. Simon (2003) “Validating and Measuring IC in the Biotechnology and Telecommunication Industries”, Journal of Intellectual Capital, 4(3), 332–347.
  • Mavridis, D.G. (2004) “The Intellectual Capital Performance of the Japan Banking Sector”, Journal of Intellectual Capital, 5(1), 92–116.
  • Mavridis, D.G. (2005) “Intellectual Capital Performance Determinants and Globalization Status of Grek Listed Firms”, Journal of Intellectual Capital, 6(1), 127–140.
  • Nazari, J.A., and I.M. Herremans (2007) “Extended VAI+ Model: Measuring Intellectual Capital Components”, Journal of Intellectual Capital 8(4), 595–609.
  • Ordonez de P. (2002) “Evidence of Intellectual Capital Measurement from Asia, Europe and the Middle East”, Journal of Intellectual Capital, 3(3), 287–302.
  • Pulic, A. (1998) “The Physical and Intellectual Capital of Austrian Banks”, http://www.measuring-ip/OPapers/Pulic/Bank/en-bank.html>
  • Roos, G. and J. Roos (1997) “Measuring Your Company’s Intellectual Performance”, Long Range Planning, 30(3), 413–426.
  • Seetharaman, A., H.H.B.Z. Sooria and A. S. Saravanan. (2002) “Intellectual Capital Accounting and Reporting in the Knowledge Economy”, Journal of Intellectual Capital, 3(2), 128–148.
  • Tan, H.P., D. Plowman and P. Hancock (2007) “Intellectual Capital and Financial Returns of Companies”, Journal of Intellectual Capital, 8(1), 76–95.
  • Stewart, T.A. (1997) Entellektüel Sermaye: Kuruluşların Yeni Zenginliği, (Çev. Nurettin Elhüseyni), İstanbul, BZD Yayıncılık.
  • Yalama, A., and M. Coşkun (2007) “Intellectual capital performance of quated banks on the Istanbul Stock Exchange Market”, Journal of Intellectual Capital, 8(2), 256–271.
  • Zhou, A.Z. and D. Fink (2003) “Intellectual Capital Web: A Systematic Linking of Intellectual Capital and Knowledge Management, Journal of Intellectual Capital, 4(1), 34–48.

The Effect of Intellectual Capital on Firm Performance

Year 2009, Volume: 27 Issue: 2, 127 - 140, 31.12.2009

Semra Karacaer Mehmet Aygün

Abstract


 

The principal
purpose of this study is to investigate the association between intellectual
capital and firm performance. In this study use profability, productivity and
market valuation as firm performance indicator. Data are investigated from a
sample of 50 publicly traded firms from Istanbul Stock Exchange and measuring
intellectual capital are drawn upon Value Added Intellectual Capital
Coefficient. Empirical analysis is conducted using correlation and linear
multiple regression analysis. Findings from the empirical analysis indicate
that except for structural capital efficiency associations between intellectual
capital coefficents and firm performance positive and istatistical significant.

 

Keywords

Intellectual capital firm performance value added intellectual capital coefficient human capital

References

  • Bontis, N. (1998) “Intellectual Capital: An Exploratory Study That Develops Measures and Models”, Management Decision, 36(2), 63–76.
  • Bontis, N., W.C.C. Keow and S. Richardson (2000) “Intellectual Capital and Business Performance in Malasian Industries”, Journal of Intellectual Capital, 1(1), 85–100.
  • Brooking, A. (1997) “The Management of Intellectual Capital”, Long Range Planning, 30(3), 364–365.
  • Chen, M. C., S.J. Cheng and Y. Hwang (2005) “An Empirical Investigation of the Relationship Between Intellectual Capital and Firms’ Market Value and Financial Performance”, Journal of Intellectual Capital, 6(2), 159–176.
  • Chen, J., Z. Zhu and H.Y. Xie. (2004) “Measuring Intellectual Capital: A New Model and Empirical Study”, Journal of Intellectual Capital, 5(1), 195–212.
  • Chen G, M.Y., J.Y. Lin (2008) “Censoring Model for Evaluating Intellectual Capital Value Drivers”, Journal of Intellectual Capital, 9(4), 639–654.
  • De Castro, G.M. and P.L. Saez (2008) “Intellectual Capital in High-Tech Firms”, Journal of Intellectual Capital, 9(1), 25–36.
  • Edvınsson, L. (1997) “Developing Intellectual Capital at Skandia”, Long Range Planning, 30(3), 366–373.
  • Engstrom, T.J., P. W. and S. F. Westnes (2003) “Evaluating Intellectual Capital in the Hotel Industry”, Journal of Intellectual Capital, 4(3), 287–303.
  • El-Bannany, M. (2008) “A Study of Determinants of Intellectual Capital Performance in Banks: the UK Case”, Journal of Intellectual Capital, 9(3), 487–498.
  • Firer, S., and S.M. Williams (2003) “Intellectual Capital and Traditional Measures of Corporate Performance”, Journal of Intellectual Capital, 4(3), 348–360.
  • Ghosh, D., and A. Wu (2007) “Intellectual Capital and Capital Markets: Additional Evidence”, Journal of Intellectual Capital, 8(2), 216–235.
  • Goh, P.C. (2005) “Intellectual Capital Performance of Commercial Banks in Malaysia” Journal of Intellectual Capital, 6(3), 385–396.
  • Kamath, G.B. (2007) “Intellectual Capital and Corporate Performance in Indian Pharmaceutical Industry”, Journal of Intellectual Capital, 8(1), 96–123.
  • Kamath, G.B. (2008) “The Intellectual Capital Performance of Indian Banking Sector” Journal of Intellectual Capital, 9(4), 684–704.
  • Marr, B., D. Gray and A. Neely (2003) “Why do Firms Measure Their Intellectual Capital?”, Journal of Intellectual Capital, 4(4), 441–464.
  • Marques, D.P. and F.J.G. Simon (2003) “Validating and Measuring IC in the Biotechnology and Telecommunication Industries”, Journal of Intellectual Capital, 4(3), 332–347.
  • Mavridis, D.G. (2004) “The Intellectual Capital Performance of the Japan Banking Sector”, Journal of Intellectual Capital, 5(1), 92–116.
  • Mavridis, D.G. (2005) “Intellectual Capital Performance Determinants and Globalization Status of Grek Listed Firms”, Journal of Intellectual Capital, 6(1), 127–140.
  • Nazari, J.A., and I.M. Herremans (2007) “Extended VAI+ Model: Measuring Intellectual Capital Components”, Journal of Intellectual Capital 8(4), 595–609.
  • Ordonez de P. (2002) “Evidence of Intellectual Capital Measurement from Asia, Europe and the Middle East”, Journal of Intellectual Capital, 3(3), 287–302.
  • Pulic, A. (1998) “The Physical and Intellectual Capital of Austrian Banks”, http://www.measuring-ip/OPapers/Pulic/Bank/en-bank.html>
  • Roos, G. and J. Roos (1997) “Measuring Your Company’s Intellectual Performance”, Long Range Planning, 30(3), 413–426.
  • Seetharaman, A., H.H.B.Z. Sooria and A. S. Saravanan. (2002) “Intellectual Capital Accounting and Reporting in the Knowledge Economy”, Journal of Intellectual Capital, 3(2), 128–148.
  • Tan, H.P., D. Plowman and P. Hancock (2007) “Intellectual Capital and Financial Returns of Companies”, Journal of Intellectual Capital, 8(1), 76–95.
  • Stewart, T.A. (1997) Entellektüel Sermaye: Kuruluşların Yeni Zenginliği, (Çev. Nurettin Elhüseyni), İstanbul, BZD Yayıncılık.
  • Yalama, A., and M. Coşkun (2007) “Intellectual capital performance of quated banks on the Istanbul Stock Exchange Market”, Journal of Intellectual Capital, 8(2), 256–271.
  • Zhou, A.Z. and D. Fink (2003) “Intellectual Capital Web: A Systematic Linking of Intellectual Capital and Knowledge Management, Journal of Intellectual Capital, 4(1), 34–48.
There are 28 citations in total.

Details

Journal Section Articles
Authors

Semra Karacaer

Mehmet Aygün

Publication Date December 31, 2009
Submission Date May 16, 2017
Published in Issue Year 2009 Volume: 27 Issue: 2

Cite

APA Karacaer, S., & Aygün, M. (2009). ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 27(2), 127-140.
AMA Karacaer S, Aygün M. ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. December 2009;27(2):127-140.
Chicago Karacaer, Semra, and Mehmet Aygün. “ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 27, no. 2 (December 2009): 127-40.
EndNote Karacaer S, Aygün M (December 1, 2009) ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 27 2 127–140.
IEEE S. Karacaer and M. Aygün, “ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 27, no. 2, pp. 127–140, 2009.
ISNAD Karacaer, Semra - Aygün, Mehmet. “ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 27/2 (December 2009), 127-140.
JAMA Karacaer S, Aygün M. ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2009;27:127–140.
MLA Karacaer, Semra and Mehmet Aygün. “ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 27, no. 2, 2009, pp. 127-40.
Vancouver Karacaer S, Aygün M. ENTELLEKTÜEL SERMAYENİN FİRMA PERFORMANSI ÜZERİNDEKİ ETKİSİ. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2009;27(2):127-40.

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