Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/317580 
Year of Publication: 
2022
Citation: 
[Journal:] Journal of Business Economics and Management (JBEM) [ISSN:] 2029-4433 [Volume:] 23 [Issue:] 4 [Year:] 2022 [Pages:] 773-796
Publisher: 
Vilnius Gediminas Technical University, Vilnius
Abstract: 
As one of the five largest industries in China, the automotive industry may well become a prosperous market of production and a large consumer market, but with the 2019 novel coronavirus (COVID-19) outbreak, automotive companies have suffered great losses. How to maintain financial competitiveness (FC) through innovation and knowledge after this calamity has become an area of focus for researchers and practitioners. By analyzing listed Chinese automotive companies over the period 2013-2018, the research focus is to determine the non-linear effect of intellectual capital (IC) on FC. IC is measured by the modified Value Added Intellectual Coefficient (MVAIC) model, and FC is measured through a comprehensive index system. The results reveal a cubic relationship between IC and FC. In addition, physical, innovation, and relational capitals have an S-shaped relationship with FC, whereas human capital has an inverted S-shaped curve. The non-linear effect of SC on FC is not significant. It is recommended that managers optimize investment in IC to drive FC in organizations.
Subjects: 
intellectual capital
human capital
structural capital
innovation capital
relational capital
financial competitiveness
automotive industry
non-linear relationship
JEL: 
O34
G30
L25
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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