What question did this study set out to answer?

To evaluate how changes in key corporate governance mechanisms affect a firm's intellectual capital and its core components.

February 16, 2023Journal of risk and financial managementOpen Access

The Relationship between Changes in Corporate Governance Characteristics and Intellectual Capital

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Authors

FNFarzaneh NassirzadehFerdowsi University of Mashhad DADavood AskaranyUniversity of Auckland SASolmaz Arefi-AslFerdowsi University of Mashhad

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Implication

Observational study reveals that institutional ownership and board independence boost intellectual capital in Middle Eastern firms, suggesting governance changes foster intangible assets.

Key Points

To evaluate how changes in key corporate governance mechanisms affect a firm's intellectual capital and its core components.
Conducted a quantitative longitudinal study analyzing 1,170 firm-year observations from 220 companies listed on the Middle East Stock Exchange between 2011 and 2018.
Examined changes in CEO leadership, auditor selection, board independence, and institutional ownership against measures of capital employed, human capital, and structural capital.
Increases in institutional ownership showed a positive and significant relationship with overall intellectual capital as well as human and structural capital.
Auditor transitions were significantly linked to enhanced intellectual capital and human capital efficiency, while increased board independence positively correlated with human capital.
CEO replacement exhibited no significant relationship with intellectual capital or any of its evaluated subcomponents.

Cite This Study

Nassirzadeh et al. (2023) studied this question.

synapsesocial.com/papers/69d8a1731dfc3877cabed916 https://doi.org/10.3390/jrfm16020133

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Implication

Observational study reveals that institutional ownership and board independence boost intellectual capital in Middle Eastern firms, suggesting governance changes foster intangible assets.

The Relationship between Changes in Corporate Governance Characteristics and Intellectual Capital

Discussion

Member takes

Implication

Key Points

Cite This Study

The Relationship between Changes in Corporate Governance Characteristics and Intellectual Capital

Discussion

Member takes

Implication

Key Points

Cite This Study

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