Intellectual capital and financial returns of companies

Purpose The purpose of the paper is to investigate the association between the intellectual capital (IC) of firms and their financial performance. Design/methodology/approach The paper uses the Pulic framework, has an Asian focus, and draws on data from 150 publicly listed companies on the Singapore Exchange. It is an empirical study using partial least squares (PLS) for the data analysis. The paper tests four elements of IC and company performance. Findings The findings show that: IC and company performance are positively related; IC is correlated to future company performance; the rate of growth of a company's IC is positively related to the company's performance; and the contribution of IC to company…