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Mondal, Amitava
- Intellectual Capital Reporting Trends in India: An Empirical Study on Selected Companies
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1 Department of Commerce, Kalna College, The University of Burdwan, IN
2 Department of Commerce, The University of Burdwan, West Bengal, IN
1 Department of Commerce, Kalna College, The University of Burdwan, IN
2 Department of Commerce, The University of Burdwan, West Bengal, IN
Source
International Journal of Financial Management, Vol 3, No 1 (2013), Pagination: 9-18Abstract
In the knowledge economy there has been increasing demands from stakeholder's side to provide sufficient information about company's ability to create wealth. Today intellectual capital is considered as superior assets for wealth creation. In this study we empirically investigate the intellectual capital reporting trends of 30 Indian knowledge intensive companies. The sample companies are selected, for this study, from the Group-A category companies of the listed companies of Bombay Stock Exchange. We have employed 'content analysis' method to measure the frequency of intellectual capital reporting in the annual reports of sample companies over the three-year period starting from 2009 to 2011. The empirical results show that reporting of intellectual capital items is unevenly distributed and information about external capital items are reported mostly. However, an upward trend in IC reporting is found in this study.Keywords
Intellectual Capital, Disclosure, Annual Reports, Content Analysis, Developing Countries, Knowledge Intensive Companies
References
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- Vandemaele, S., Vergauwen, P. & Smits, A. (2005). Intellectual Capital Disclosure in the Netherlands, Sweden and the UK: A Longitudinal and Comparative Study. Journal of Intellectual Capital, 6(3), pp. 417-427.
- Williams, M. S. (2001). Are Intellectual Capital Performance and Disclosure Practices Related? Journal of Intellectual Capital, 31(2), pp. 192-203.
- Woodrock, J. & Whiting, R. H. (2009). Intellectual Capital Disclosures by Australian Companies. Paper Presented at the AFAANZ-2009 Conference. Retrieved from http://otago.ourarchive.ac.nz/bitstream/handle/10523/1562/03_2009_Ros_Whiting.pdf
- The Relevance of Intellectual Capital Valuation: Indian Evidence
Abstract Views :334 |
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Authors
Affiliations
1 Department of Commerce, Kalna College, The University of Burdwan, West Bengal, IN
2 Department of Commerce, The University of Burdwan, West Bengal, IN
1 Department of Commerce, Kalna College, The University of Burdwan, West Bengal, IN
2 Department of Commerce, The University of Burdwan, West Bengal, IN
Source
International Journal of Financial Management, Vol 3, No 2 (2013), Pagination: 1-9Abstract
Intellectual capital (IC) shows a significantly growing acceptance as a worthy topic of academic investigation and practical implication. The main objective of this study is to determine the monetary value of intellectual capital and to examine whether the joint explanatory power of intellectual capital (IC), book value (BV) and earnings (residual income based on GAAP) for stock price is superior to that of earnings and book value of Indian companies. Additionally, the study aims to investigate the impact of intellectual capital on corporate value creation. This study is conducted on 110 leading knowledge companies operating in India during the period 2007 to 2011. An appropriate method is to be applied for measuring the intellectual capital performance of the company. In our study we extend the Ohlson's (1995) discounted residual income method to rationally measure firm's value by considering intellectual capital (IC). Regression models are examined in order to test the hypotheses included in the proposed conceptual framework. The empirical findings suggest that the efficient management of company's intellectual capital, in addition to earnings and tangible assets, can explain corporate value. Results proved that, in the Indian business context, the development of Intellectual resources seems to be one of the most significant factors of success. This study extends the understanding of the role of intellectual capital in creating corporate value and building sustainable competitive advantages for companies in emerging economies like India and may bring implications for valuation and reporting of intellectual capital.Keywords
Intellectual Capital, Valuation, Efficiency, Market Value, Indian CompaniesReferences
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- The Role of Intellectual Capital in Creating Value in Indian Companies
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Authors
Affiliations
1 Assistant Professor, Kalna College, The University of Burdwan, West Bengal, IN
2 Professor, The University of Burdwan, West Bengal, IN
1 Assistant Professor, Kalna College, The University of Burdwan, West Bengal, IN
2 Professor, The University of Burdwan, West Bengal, IN
Source
International Journal of Financial Management, Vol 2, No 1 (2012), Pagination: 63-73Abstract
Intellectual capital is becoming the pre-eminent resource for creating value and competitive advantage. The aim of this study is to investigate whether the performance of a company's intellectual capital can explain productivity and corporate fi nancial performance or not. This study is conducted on 75 listed companies operating in India for the period 2004 to 2009. Annual reports, especially the Profi t&Loss account and balance sheet of the company have been used to obtain the data. Necessary data also collected from Capitaline Database. Value Added Intellectual Coeffi cient (VAICTM) method is applied for measuring the Intellectual Capital performance of the company. Corporate performance measures used in this analysis are (1) Profi tability and (2) productivity. The intellectual capital and physical capital of selected companies have been analyzed and their impact on corporate performance has been measured using multiple regression technique. Findings from the empirical analysis indicate that the relationships between the performance of a company's intellectual capital and corporate performance are informative. The empirical fi ndings suggest that the effi cient management of company's intellectual capital can explain corporate value creation. In this paper a new performance indicators is used which the Indian managers can use in order to evaluate the corporate performance and benchmark it with the global standards.Keywords
Intellectual Capital, Human Capital, Structural Capital, VAIC, Profitability and ProductivityReferences
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- Climate Risk and Financial Performance of Energy Companies – A Cross-Country Analysis
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Authors
Affiliations
1 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, Purulia, West Bengal, India., IN
2 Research Scholar, Sidho-Kanho-Birsha University, West Bengal, India., IN
1 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, Purulia, West Bengal, India., IN
2 Research Scholar, Sidho-Kanho-Birsha University, West Bengal, India., IN
Source
International Journal of Financial Management, Vol 12, No 1 (2022), Pagination: 11-22Abstract
Climate change imposes greater physical, transitional, as well as regulatory risks, on the firm’s financial and operational activities. However, while evaluating the performance of the firms, the traditional financial performance indicators do not incorporate climate risk. Without integrating climate risk in the traditional performance indicators, the firms may be misleading the investors and other stakeholders by claiming higher achievement and better performance. Hence, this paper has tried to examine the firm’s performance after integrating climate risk with the traditional financial indicators. Our results provide evidence that climate risk significantly affects the financial performance of firms. More specifically, energy companies from developing countries are more exposed to climate risk, than those located in developed countries. The study also revealed that companies from the developed countries have generated a higher amount of revenue and profit, but they (except Australia) are not able to transfer the company’s methods of working to lower emissions production.Keywords
Climate Risk, Integrated Ratios, Financial Performance, Energy IndustryReferences
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- Credit Risk Management and Financial Performance of Indian Commercial Banks: A Study
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Authors
Affiliations
1 Research Scholar, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
2 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
1 Research Scholar, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
2 Associate Professor, Department of Commerce, Sidho-Kanho-Birsha University, West Bengal, IN
Source
International Journal of Financial Management, Vol 12, No 2 (2022), Pagination: 26-37Abstract
Credit risk is a major risk to commercial banks and financial institutions. Credit risk of financial institutions is inherent with the nature of the business, and should be managed well for their survival. The present study examines the role of credit risk management and its impact on the financial performance of commercial banks in India. For the study, secondary financial data are collected from published annual reports of 20 commercial banks, consisting of 12 public sector commercial banks and eight private sector commercial banks, covering six years, from 2013-14 to 2018-19. Risk of commercial banks is measured through non-performing loan ratio, capital adequacy ratio, loan loss provision ratio, cost per loan ratio, and leverages of sample banks. Financial performance of banks is measured through three alternative measures of profitability, namely return on assets, return on equity, and net interest margin. Pooled data are used for panel regression analysis. Empirical study results revealed mixed and varied indication about credit risk management and its influence on the financial performance of commercial banks. The study results indicate that profitability of the banks is falling due to increasing NPAs. However, the capital adequacy ratio enhances the profitability of public sector banks more than the private sector commercial banks.Keywords
Commercial Banks, NPAs, Profitability, Credit Risk Management, Panel Regression Analysis, IndiaReferences
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