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- Title
Intellectual Capital and Financial Performance of Pharmaceutical Firms in Pakistan.
- Authors
Amin, Shahid; Aslam, Shoaib; Majid Makki, Muhammad Abdul
- Abstract
The objective of this study is to discover the impact of intellectual capital (IC) on financial performance of pharmaceutical firms in Pakistan. Quantitative data of listed pharmaceutical firms has been collected from the audited annual reports for the period 2009 to 2013. Public (2004) IC model is used to measure the intellectual capital. To measure the financial performance, return on assets, return on equity, earnings per share have used. Structural and measurement model of the study is assessed by using partial least square (PLS); a structural equation modeling technique. Results show significant positive impact of IC on financial performance. The study is useful for corporate directors and regulators to invest in IC thus leading to higher financial performance. This is one of the pioneering attempts to measure the relationship between IC and corporate financial performance in Pakistan's listed pharmaceutical sector.
- Subjects
PAKISTAN; INTELLECTUAL capital; FINANCIAL performance; PHARMACEUTICAL industry; CORPORATE finance
- Publication
Pakistan Journal of Social Sciences (PJSS), 2014, Vol 34, Issue 2, p433
- ISSN
2074-2061
- Publication type
Article