Intellectual capital's link with financing opportunities Journal Articles uri icon

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abstract

  • PurposeThis study aims to provide empirical evidence on the link between intellectual capital and a firm's ability to attract funding and financing in Italian companies.Design/methodology/approachData from 125 Italian companies was collected through an online survey and analysed using structural equation modelling (PLS-SEM).FindingsResults show that structural capital has a positive, direct impact on both human and relational capital. At the same time, relational capital is the only intellectual capital component that has a positive, direct impact on a firm's ability to attract funding and financing. Finally, we found that a firm's ability to attract funding and financing impacts both innovation and financial performance.Originality/valueThis novel study is among the first to provide empirical evidence of how human, relational and structural capital interact with each other and enhance a firm's ability to attract funding and financing.

authors

  • Del Baldo, Mara
  • Giampaoli, Daniele
  • Macrellino, Maddalena
  • Bontis, Nick

publication date

  • March 21, 2023