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Intellectual capital performance determinants and globalization status of Greek listed firms

Dimitrios G. Mavridis (Department of Financial Applications, Technological Institute of West Macedonia, Neoi Epivates, Greece)

Journal of Intellectual Capital

ISSN: 1469-1930

Article publication date: 1 March 2005




To present a study analyzing the intellectual performance of Greek listed corporations on the Athens Stock Exchange under the distinctive aspect of being a “globalized” or “localized” firm.


Due to the used VAIC™ method the firm's performance is researched under its intellectual (IC) and physical (CA) aspect. The investigation confirms the existence of some semantic – added value‐based – performance differences by using predictor variables (discriminant analysis) and factors or “drivers” (factor analysis) influencing the actual “globalization status quo”.


States that “localized firms” are the distinct small technocratic, blue‐collar intellectual performers while the “globalized” ones are the large plutocratic, white‐collar intellectual performers.

Research limitations/implications

There is a need to analyze data of more corporations and for a longer time period in order to prove clearly the assumptions of the VAIC™ method. Additional comparative research with other (international) corporations will prove (or not) the above findings concerning intellectual differences due to the “globalization” status.

Practical implications

Offers an international comparative research possibility for “advanced” researchers in academia or praxis and enables “beginners” to learn a way of measuring intellectual capital performance.


This paper is an original research based on confirmed data of listed firms, using a “simple” but excellent method, in order to highlight the intellectual phenomenon in a “rational” (metric) way.



Mavridis, D.G. (2005), "Intellectual capital performance determinants and globalization status of Greek listed firms", Journal of Intellectual Capital, Vol. 6 No. 1, pp. 127-140.



Emerald Group Publishing Limited

Copyright © 2005, Emerald Group Publishing Limited

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