The paper extends previous research on the topic of intellectual capital (IC) and the relationship between ownership concentration (OC) and firm performance. The ambitious goal of this work is to answer three questions: (1) Whether there is a relationship between IC and firm performance; (2) Whether there is a relationship between the efficiency of IC and the ownership structure of the Italian listed companies; and (3) If the performance of Italian listed companies is influenced by the ownership structure and by the efficiency of IC. The results obtained by investigating on a sample of Italian listed companies during the period 2002-2011 suggest the lack of relationship between the efficiency of IC and the performance of the companies examined, but show a significant relationship among OC, the efficiency of IC, and firm performance.
Ownership Concentration, Intellectual Capital, and Firm Performance: Evidence from Italy.
CELENZA, Domenico;ROSSI, Fabrizio
2013-01-01
Abstract
The paper extends previous research on the topic of intellectual capital (IC) and the relationship between ownership concentration (OC) and firm performance. The ambitious goal of this work is to answer three questions: (1) Whether there is a relationship between IC and firm performance; (2) Whether there is a relationship between the efficiency of IC and the ownership structure of the Italian listed companies; and (3) If the performance of Italian listed companies is influenced by the ownership structure and by the efficiency of IC. The results obtained by investigating on a sample of Italian listed companies during the period 2002-2011 suggest the lack of relationship between the efficiency of IC and the performance of the companies examined, but show a significant relationship among OC, the efficiency of IC, and firm performance.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
