2011 Awards for Excellence

Citation

(2012), "2011 Awards for Excellence", Journal of Intellectual Capital, Vol. 13 No. 2. https://doi.org/10.1108/jic.2012.25013baa.001

2011 Awards for Excellence

Article Type: 2011 Awards for Excellence From: Journal of Intellectual Capital Volume 13, Issue 2

The following article was selected for this year's Outstanding Paper Award for Journal of Intellectual Capital

"Analysing value added as an indicator of intellectual capital and its consequences on company performance''

Daniel Zaghal, Anis MaaloulCGA - Accounting Research Centre, Telfer School of Management, University of Ottawa, Ottawa, Canada

Purpose -- The purpose of this paper is to analyse the role of value added (VA) as an indicator of intellectual capital (IC), and its impact on the firm's economic, financial and stock market performance.Design/methodology/approach -- The value added intellectual coefficient (VAIC™) method is used on 300 UK companies divided into three groups of industries: high-tech, traditional and services. Data require to calculate VAIC™ method are obtained from the ``Value Added Scoreboard'' provided by the UK Department of Trade and Industry (DTI). Empirical analysis is conducted using correlation and linear multiple regression analysis.Findings -- The results show that companies' IC has a positive impact on economic and financial performance. However, the association between IC and stock market performance is only significant for high-tech industries. The results also indicate that capital employed remains a major determinant of financial and stock market performance although it has a negative impact on economic performance.Practical implications -- The VAIC™ method could be an important tool for many decision makers to integrate IC in their decision process.Originality/value -- This is the first research which has used the data on VA recently calculated and published by the UK DTI in the ``Value Added Scoreboard''. This paper constitutes therefore a kind of validation of the ministry data.

Keywords Company performance, Intellectual capital, United Kingdom, Value added

www.emeraldinsight.com/10.1108/14691931011013325

This article originally appeared in Volume 11 Number 1, 2010, pp. 39-60, Journal of Intellectual Capital

The following articles were selected for this year's Highly Commended Award

``Innovation processes in social enterprises: an IC perspective''

Eric Kong

This article originally appeared in Volume 11 Number 2, 2010, Journal of Intellectual Capital

"Intellectual capital in service- and product-oriented companies''

Aino Kianto, Pia Hurmelinna-Laukkanen, Paavo Ritala

This article originally appeared in Volume 11 Number 3, 2010, Journal of Intellectual Capital

Outstanding Reviewer

Professor Richard PettyHong Kong, China