This research aimed to examine the effect of intellectual capital (IC) on firm performance before and after the Arab Spring. Quantitative data were collected for 50 Jordanian industrial companies listed on the Amman Stock Exchange (ASE) between 2008 and 2017. IC is measured using Pulic’s value-added intellectual coefficient (VAIC™) and its components (human, structural, and capital employed efficiencies) (HCE, SCE, CEE). Meanwhile, Market to Book ratio (M/B) and Earnings per Share (EPS) are used to represent the firm performance. The research findings shed light on the importance of IC on firm performance during the crisis. It also provides a basis for future studies in comparing the effect of IC on firm performance before and after the COVID-19 pandemic.

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Intellectual Capital and Firm Performance in Jordan: A Comparative Study Before and After the Arab Spring

  • Kamelia Moh’d Khier AlMomani,
  • Belal Mahmoud AlWadi,
  • Mahmoud Alghizzawi,
  • Sameer Hussein Al-Wadi,
  • Abdulnaser Ibrahim Nour

摘要

This research aimed to examine the effect of intellectual capital (IC) on firm performance before and after the Arab Spring. Quantitative data were collected for 50 Jordanian industrial companies listed on the Amman Stock Exchange (ASE) between 2008 and 2017. IC is measured using Pulic’s value-added intellectual coefficient (VAIC™) and its components (human, structural, and capital employed efficiencies) (HCE, SCE, CEE). Meanwhile, Market to Book ratio (M/B) and Earnings per Share (EPS) are used to represent the firm performance. The research findings shed light on the importance of IC on firm performance during the crisis. It also provides a basis for future studies in comparing the effect of IC on firm performance before and after the COVID-19 pandemic.