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The Impact of Intellectual Capital and Its Components on Firms' Market Value: A Comparative Study Based On Manufacturing and Service Sectors in Sri Lanka

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dc.contributor.author Ranjani, R.P.C. en_US
dc.contributor.author Jayendrika, W.A.D.K. en_US
dc.date.accessioned 2014-11-19T04:56:11Z
dc.date.available 2014-11-19T04:56:11Z
dc.date.issued 2011
dc.identifier.uri http://kln.ac.lk/uokr/ICBI2011/A&F%20123.pdf
dc.description.abstract This comparative study attempts to identify the impact of intellectual capital and its components on firms? market value in manufacturing sector and service sector in Sri Lanka. The study was based on 52 public listed companies (PLCs) in two sectors in Colombo Stock Exchange (CSE) and the annual reports of PLCs from 2005 to 2009 were employed to collect the data. Value Added Intellectual Coefficient (VAICTM) and its 3 components, developed by Ante Public (1998) were utilized to measure the intellectual capital efficiency, whilst Market-to-Book Value Ratio (M/B) measured the market value. The findings revealed that, intellectual capital does not affect to the market value of PLCs in both sectors and they are consistent with Chan (2009) and Firer and Stainbank (2003). Physical capital plays a significant role in market value in service sector and it is consistent with Chan (2009), Chen et al. (2005), and Najibullah (2005). en_US
dc.subject Intellectual Capital en_US
dc.subject Market Value en_US
dc.subject PLCs en_US
dc.subject Value Added Intellectual Coefficient en_US
dc.title The Impact of Intellectual Capital and Its Components on Firms' Market Value: A Comparative Study Based On Manufacturing and Service Sectors in Sri Lanka
dc.type onference_item en_US
dc.identifier.department Accounting and Finance en_US


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