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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Tatiana Saranchuk
The Study of the Impact of Intellectual Capital on the Financial Performance of the Company
Economics
(Bachelor’s programme)
2019
The value of the company is based not only on physical capital. Intangible assets, such as intellectual capital, have always been involved in creating the value of a firm. The study of intellectual capital has gone through several stages, from early awareness of its importance to the classification and subsequent search for appropriate ways to measure it. However, there are unexplored areas in this area. With the help of VAIC, a number of hypotheses concerning the relationship between intellectual capital and financial results are explored. This study demonstrated that intellectual capital has a statistically significant and positive impact on the financial performance of the company, while human capital has the most significant impact, which is consistent with previous studies in other markets. The intellectual capital of the previous period and the growth rate of intellectual capital do not have a statistically significant positive impact on the financial results of the firm. The results of this study have a high practical significance for a number of such stakeholders as company management, shareholders, potential investors, and politicians.

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