The paper examines the relation between firms' intellectual capital and firm's value and financial performance for a sample of firms listed on the Egyptian Stock Exchange during the period from 2000 through 2014. I predict that the level of investment in intellectual capital has a positive impact on firm's value, and firm's liquidity and activity levels as measures of financial performance. Results reveal that the level of intellectual capital has a positive impact on firm's value measured by Tobin's Q. Firm's liquidity is not significantly affected by level of intellectual capital. Moreover, the level of intellectual capital has a significant impact on firm's activity, on the aggregate level. However, the intensity of intellectual capital investment has no significant impact on firm's activity level.
Ismail, M. A. (2020). Effect of Intellectual Capital on Firm Value and Financial Performance. Alexandria Journal of Accounting Research, 4(3), 1-36. doi: 10.21608/aljalexu.2020.124087
MLA
Mawaheb Abdel-Aziz Ismail. "Effect of Intellectual Capital on Firm Value and Financial Performance". Alexandria Journal of Accounting Research, 4, 3, 2020, 1-36. doi: 10.21608/aljalexu.2020.124087
HARVARD
Ismail, M. A. (2020). 'Effect of Intellectual Capital on Firm Value and Financial Performance', Alexandria Journal of Accounting Research, 4(3), pp. 1-36. doi: 10.21608/aljalexu.2020.124087
VANCOUVER
Ismail, M. A. Effect of Intellectual Capital on Firm Value and Financial Performance. Alexandria Journal of Accounting Research, 2020; 4(3): 1-36. doi: 10.21608/aljalexu.2020.124087
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