IAcust | Intangible assets that characterize customer capital | IAcust | Intangible assets that characterize customer capital | IAcust | Intangible assets that characterize customer capital |
IAother | Other intangible assets | IAother | Other intangible assets | ||
GW | Goodwill | GW | Goodwill | ||
RD | Research and development costs | RD | Research and development costs | ||
TA | Total assets | ||||
Int | Research and development intensity | ||||
FinLev | Financial leverage |
2005 | M.C. Chen, S.J. Cheng, and Y. Hwang | The firms’ intellectual capital has a positive impact on MV and financial performance, and may be an indicator for future financial performance | |
2005 | C.-Y. Tseng and Y.-J.J. Goo | The results generally support the hypothesis regarding the relationship between intellectual capital and corporate value | |
2013 | M.B. Taghieh, S. Taghieh, and Z. Poorzamani | It can be concluded that customer capital, which is considered as bridge or catalyst in intellectual capital activities, is the dominant and determining factor to change intellectual capital to the MV, accordingly, the company's business performance | |
2015 | B. Bchini | Based on the survey data in Tunisia, the authors find that the link between intellectual capital and value creation is linear and positive in manufacturing companies | |
2017 | F. Sardo and Z. Serrasqueiro | Concerning firms’ MV, the current study shows that human capital and structural capital have higher contribution to firm's MV. Therefore, human capital can be seen as the main driver of firms’ future growth and innovativeness | |
2018 | I. Yilmaz and G. Acar | Amongst the components of multiple factors model, the most influential explanatory variable was capital employed, then comes human capital, and relational capital. Structural capital has the lowest effect on explaining both company's value and performance |
MV | 1,40,107 | 92,998 | 1.65e+0.05 | 26,262 | 9,56,625 |
IAcust | 3,481 | 432 | 7,537 | 0 | 45,358 |
IAother | 8,461 | 1,367 | 20,395 | 0 | 1,38,005 |
GW | 17,092 | 8,801 | 21,745 | 0 | 1,46,370 |
RD | 2,480 | 915 | 3,858 | 0 | 21,419 |
TA (log) | 10.95 | 10.93 | 0.96 | 8.55 | 13.18 |
Int | 1.92 | 2.00 | 0.88 | 1.00 | 3.00 |
FinLev | 14.53 | 1.69 | 85.12 | −8.03 | 805.6 |
MV | 1,40,107 | 92,998 | 1.65e + 0.05 | 26,262 | 9,56,625 |
IAcust | 3,481 | 432 | 7,537 | 0 | 45,358 |
IAother | 8,461 | 1,367 | 20,395 | 0 | 1,38,005 |
GW | 17,092 | 8,801 | 21,745 | 0 | 1,46,370 |
RD | 2,480 | 915 | 3,858 | 0 | 21,419 |
1.0000 | 0.3239 | 0.6493 | 0.0127 | 0.3903 | −0.0998 | −0.0621 | |
1.0000 | 0.6346 | −0.0696 | 0.4128 | −0.0884 | −0.0571 | ||
1.0000 | 0.0985 | 0.5850 | 0.0021 | −0.0962 | |||
1.0000 | 0.3290 | 0.4661 | 0.0176 | ||||
1.0000 | −0.0794 | −0.1267 | |||||
1.0000 | −0.0585 | ||||||
1.0000 |
IAcust | 0.45 | |
IAother | 0.45 | |
GW | 0.68 | |
RD | 0.40 | |
TA | 0.49 | |
Int | 0.31 | |
FinLev | 0.03 |
1 | 3M Co. | 51 | Illinois Tool Works Inc. |
2 | Abbott Laboratories | 52 | Intel Corp. |
3 | AbbVie Inc. | 53 | International Business Machines Corp. |
4 | Accenture PLC | 54 | Intuit Inc. |
5 | Adobe Inc. | 55 | Intuitive Surgical Inc. |
6 | Allergan PLC | 56 | Johnson & Johnson |
7 | Alphabet Inc. | 57 | Kimberly-Clark Corp. |
8 | Altria Group Inc. | 58 | Kinder Morgan Inc. |
9 | Amazon.com Inc. | 59 | Kraft Heinz Co. |
10 | Amgen Inc. | 60 | Linde plc |
11 | Apple Inc. | 61 | Lockheed Martin Corp. |
12 | Applied Materials Inc. | 62 | Lowe's Cos. Inc. |
13 | AT&T Inc. | 63 | Marriott International Inc. |
14 | Automatic Data Processing Inc. | 64 | McDonald's Corp. |
15 | Becton, Dickinson & Co. | 65 | Medtronic PLC |
16 | Biogen Inc. | 66 | Merck & Co. Inc. |
17 | Boeing Co. | 67 | Microsoft Corp. |
18 | Booking Holdings Inc. | 68 | Mondelēz International Inc. |
19 | Boston Scientific Corp. | 69 | Netflix Inc. |
20 | Bristol-Myers Squibb Co. | 70 | Nike Inc. |
21 | Broadcom Inc. | 71 | Northrop Grumman Corp. |
22 | Caterpillar Inc. | 72 | NVIDIA Corp. |
23 | Charter Communications Inc. | 73 | Occidental Petroleum Corp. |
24 | Chevron Corp. | 74 | Oracle Corp. |
25 | Cisco Systems Inc. | 75 | PepsiCo Inc. |
26 | Coca-Cola Co. | 76 | Pfizer Inc. |
27 | Colgate-Palmolive Co. | 77 | Philip Morris International Inc. |
28 | Comcast Corp. | 78 | Phillips 66 |
29 | ConocoPhillips | 79 | Procter & Gamble Co. |
30 | Costco Wholesale Corp. | 80 | Qualcomm Inc. |
31 | CSX Corp. | 81 | Raytheon Co. |
32 | CVS Health Corp. | 82 | Regeneron Pharmaceuticals Inc. |
33 | Danaher Corp. | 83 | salesforce.com Inc. |
34 | Delta Air Lines Inc. | 84 | Schlumberger Ltd. |
35 | DuPont de Nemours Inc. | 85 | Starbucks Corp. |
36 | Eli Lilly & Co. | 86 | Stryker Corp. |
37 | Emerson Electric Co. | 87 | Target Corp. |
38 | EOG Resources Inc. | 88 | Texas Instruments Inc. |
39 | Estée Lauder Cos. Inc. | 89 | Thermo Fisher Scientific Inc. |
40 | Exxon Mobil Corp. | 90 | TJX Cos. Inc. |
41 | Facebook Inc. | 91 | T-Mobile US Inc. |
42 | FedEx Corp. | 92 | Union Pacific Corp. |
43 | Ford Motor Co. | 93 | United Parcel Service Inc. |
44 | General Dynamics Corp. | 94 | United Technologies Corp. |
45 | General Electric Co. | 95 | UnitedHealth Group Inc. |
46 | General Mills Inc. | 96 | Verizon Communications Inc. |
47 | General Motors Co. | 97 | Walgreens Boots Alliance Inc. |
48 | Gilead Sciences Inc. | 98 | Walmart Inc. |
49 | Home Depot Inc. | 99 | Walt Disney Co. |
50 | Honeywell International Inc. | 100 | Zoetis Inc. |
1.0000 | 0.3239 | 0.6493 | 0.0127 | |
1.0000 | 0.6346 | −0.0696 | ||
1.0000 | 0.0985 | |||
1.0000 |