The Effect of Value Added Intellectual Coefficient on Firms' performance: Evidence from Jordanian Industrial Sector

摘要

This study aimed to investigate the effect of intellectual capital measured by value added intellectual coefficient (VAIC) and its components on the firms' performance, based on a sample of 20 Jordanian industrial company contribution during the period 2009-2014. The study used two measures of performance; namely, return on assets (ROA) and return on equity (ROE), while independent variables included VAIC and its components; human capital efficiency (HCE), structural capital efficiency (SCE) capital employed efficiency (CEE), in addition to the firm size and leverage ratio. The results showed that there is a positive and significant effect of VAIC, HCE and CEE on ROA and ROE, while SCE have no effect on the performance of Jordanian industrial companies. The study recommended the need to address the intellectual capital intensively to be one of the most important considerations in the company. Key words : intellectual capital, value added intellectual, return on assets, return on equity, , structural capital efficiency,