Intellectual capital performance determinants and globalization status of Greek listed firms
| Pages | 127-140 |
| Published date | 01 March 2005 |
| Date | 01 March 2005 |
| DOI | https://doi.org/10.1108/14691930510574708 |
| Author | Dimitrios G. Mavridis |
| Subject Matter | Accounting & finance,HR & organizational behaviour,Information & knowledge management |
Intellectual capital performance
determinants and globalization
status of Greek listed firms
Dimitrios G. Mavridis
Department of Financial Applications,
Technological Institute of West Macedonia, Neoi Epivates, Greece
Abstract
Purpose – To present a study analyzing the intellectual performance of Greek listed corporations on
the Athens Stock Exchange under the distinctive aspect of being a “globalized” or “localized” firm.
Design/methodology/approach – Due to the used VAICemethod the firm’s performance is
researched under its intellectual (IC) and physical (CA) aspect. The investigation confirms the
existence of some semantic – added value-based – performance differences by using predictor
variables (discriminant analysis) and factors or “drivers” (factor analysis) influencing the actual
“globalization status quo”.
Findings – States that “localized firms” are the distinct small technocratic, blue-collar intellectual
performers while the “globalized” ones are the large plutocratic, white-collar intellectual performers.
Research limitations/implications – There is a need to analyze data of more corporations and for
a longer time period in order to prove clearly the assumptions of the VAICemethod. Additional
comparative research with other (international) corporations will prove (or not) the above findings
concerning intellectual differences due to the “globalization” status.
Practical implications – Offers an international comparative research possibility for “advanced”
researchers in academia or praxis and enables “beginners” to learn a way of measuring intellectual
capital performance.
Originality/value – This paper is an original research based on confirmed data of listed firms, using
a “simple” but excellent method, in order to highlight the intellectual phenomenon in a “rational”
(metric) way.
Keywords Intellectualcapital, Value added, Performancecriteria, Greece
Paper type Research paper
1. Prolegomena
One of the ways corporations communicate with all various interested “investors or
stakeholders” is with the issue of annual or casual reports. These reports enable all
interested readers to find narrative and audited mandatory financial information about
the issuing company itself and the related branch. Many researches in the past have
analyzed the contents of the annual reports and preferably focus was put on financial
issues (Copeland and Fredericks, 1968; Easton et al., 1992; Ohlson and Penman, 1992).
The most common objectives of the researches was to reveal any possible relationships
between the disclosed information and some classical company dimensions, like size,
assets, financial leverage, sales, shareholders and parent company (Firth, 1979; Chow
and Wong-Boren, 1987; Meek et al., 1995; Cooke, 1989; Abrahamson and Amir, 1996).
The objective of the present survey is mainly to analyze the intellectual performance
“characteristics” of exporting corporations listed on Athens Stock Exchange (ASE)
(Katsikeas et al., 1996). According to Greek law every corporation in Greece is obliged
The Emerald Research Register for this journal is available at The current issue and full text archive of this journal is available at
www.emeraldinsight.com/researchregister www.emeraldinsight.com/1469-1930.htm
IC performance
determinants
127
Journal of Intellectual Capital
Vol. 6 No. 1, 2005
pp. 127-140
qEmerald Group Publishing Limited
1469-1930
DOI 10.1108/14691930510574708
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