Value added intellectual coefficient (VAIC): a critical analysis

By Pirjo Ståhle, Sten Ståhle, Samuli Aho. 2011

382 citations recorded by the source corpus.

Subfields: Strategy and Management

View Paper: https://www.semanticscholar.org/paper/adc8607a237fbb5b25d12753f583ef4978d6b0f3

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In Strategy and Management

1. Neha Smriti
2. N. Das
3. Jian Xu
4. Feng Liu
5. Henri Inkinen
6. A. Alhassan
7. N. Asare
8. Weizheng Yu

Citations in the corpus

• Knowledge management and measurement: a critical review (2013, methodology): “VAIC is a value added and IC evaluation method proposed by Ante Pulic (2000) that aims to measure how efficiently financial and intellectual capital are utilised to generate value for the company through the calculation of a series of formulae listed in Table II (Ståhle et al., 2011).”
• Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector (2019, background): “[82] argued that this model does not deal with IC because it only signifies the efficiency of the workforce and capital investment of a firm.”
• Examining the influence of corporate governance on intellectual capital efficiency: Evidence from top service firms in Australia (2015, background): “Ståhle et al., (2011), in an analysis of each component of VAIC, also found that there is a weak correlation between CEE and the value added to firms (measured by market-to-book value ratio).”
• The impact of the intellectual capital efficiency on commercial banks performance: Evidence from the US (2016, methodology): “Formally, the VAICTM is computed as follows: , , , (6) 3.1 VAICTM: Weaknesses We are aware that VAICTM shows several drawbacks (for details Ståhle et al., 2011; Iazzolino and Laise, 2013), mainly because the information it uses cannot be completely attributed to IC efficiency (e.g., the employees…”
• The impact of intellectual capital on firm performance: a study of Indian firms listed in COSPI (2018, background): “In spite of the advantages, VAIC has been criticized by few researchers (Ståhle et al., 2011; Maditinos et al., 2011).”
• The Impact of Intellectual Capital on Firm Performance: A Modified and Extended VAIC Model (2020, methodology): “The original VAIC model ignores the firm’s RC and innovation capital (Ståhle et al., 2011; Smriti & Das, 2018).”
• Intellectual capital and financial performance: an evaluation of the Australian financial sector (2013, methodology): “However, these results are in contradiction with some previous research findings where a higher VAIC was found to be leading to higher ROA (Saengchan, 2008; Gan and Saleh, 2008; Ting and Lean, 2009; Ghosh and Mondal, 2009; Nik et al., 2009; Calisir et al., 2010; Ståhle et al., 2011; Pal and Soriya, ”
• Intellectual capital and bank productivity in emerging markets: evidence from Ghana (2016, methodology): “In spite of the few criticism of VAIC as a method/model for evaluating the intellectual capital efficiency of firms (e.g. Stahle et al., 2011); it still remains the most profound method being used in extant studies to value intellectual capital.”