دانلود رایگان مقاله انگلیسی سرمایه فکری و عملکرد مالی: یک مطالعه درباره بخش بانکداری ترکیه - الزویر 2017

Abstract

The purpose of this study is to analyze the relationship between the intellectual capital performance and financial performance of 44 banks operating in Turkey between 2005 and 2014. The intellectual capital performance of banks is measured through the value added intellectual coefficient (VAIC) methodology. The intellectual capital performance of the Turkish banking sector is generally affected by human capital efficiency (HCE). In terms of bank types, development and investment banks have the highest average VAIC. When VAIC is divided into its components, it can be observed that capital employed efficiency (CEE) and human capital efficiency (HCE) positively affect the financial performance of banks. However, CEE has more influence on the financial performance of banks compared to HCE. Therefore, banks operating in the Turkish banking sector should use their financial and physical capitals if they wish to reach a higher profitability level.

5. Conclusion

The relationship between intellectual capital and financial performance of banks has been the subject of countless studies. If the literature on this subject is reviewed, it is observed that the intellectual capital has a positive impact on financial performance of banks. In this study, the intellectual capital efficiency of 44 banks operating in Turkey between 2004 and 2015 is calculated by means of value added intellectual coefficient (VAIC) and it analyses how intellectual capital affects the financial performance of these banks (ROA). The study provides significant inputs to the current literature by including 44 banks (out of 52) in the sample and analyzing the VAIC values according to bank types. Considering that most of the studies in Turkey focus only on the banks traded on Borsa Istanbul (Ercan et al., 2003; S¸amilo
glu, 2006; Yalama, 2013; Yalama & Coskun, 2007), this study is a step forward in the relevant field.

The findings of the study suggest that intellectual capital of the Turkish banking sector is primarily affected by human capital efficiency coefficient (HCE). On the other hand, capital employed efficiency coefficient (CEE) and structural capital efficiency coefficient (SCE) is less effective in creating value in the banking sector compared to HCE. Goh (2005), and Joshi et al. (2010, 2013) have drawn similar conclusions for the financial institutions in Malaysia and Australia. Average VAIC of all banks in the analyzed period is 3.8868 and approximately 34% of the banks included in the analysis have a higher average VAIC than this value. In terms of bank types, development and investment banks has the highest average VAIC.