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Intellectual capital and firm performance of US multinational firms: A study of the resource‐based and stakeholder views

Ahmed Riahi‐Belkaoui (University of Illinois at Chicago, Chicago, Illinois, USA)

Journal of Intellectual Capital

ISSN: 1469-1930

Article publication date: 1 June 2003

8686

Abstract

The resource‐based view of the firm maintains that firms achieve a sustainable comparative advantage and earn superior profits by owning or controlling tangible as well as intangible strategic assets. The stakeholder view recommends that a better measure of financial performance than accounting profit is the total wealth created or net value added. Accordingly, this study examines the relationship between a return on total assets based on net value added (à la stakeholder view) and the specific intangible asset of intellectual capital to test the resource‐based view of the firm. The results, using a sample of US multinational firms, are statistically significant in support of both the resource‐based and stakeholder views.

Keywords

Citation

Riahi‐Belkaoui, A. (2003), "Intellectual capital and firm performance of US multinational firms: A study of the resource‐based and stakeholder views", Journal of Intellectual Capital, Vol. 4 No. 2, pp. 215-226. https://doi.org/10.1108/14691930310472839

Publisher

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MCB UP Ltd

Copyright © 2003, MCB UP Limited

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