THE INTERPLAYSAMONG INTELLECTUAL CAPITAL AND FINANCIAL PERFORMANCES:THE EVIDENCE FROM LISTED BEVERAGE ENTERPRISES

Abstract

Technological advancements have contributed significantly to narrowing the gap between enterprises with substantial capital and those with limited financial resources. In contemporary business landscapes, companies can generate substantial profits with minimal investments, particularly evident in the realm of technological enterprises. Such entities require modest office spaces yet possess the capability to develop highly valuable software products. Consequently, the significance of intellectual capital has become increasingly pronounced within enterprises, notably within the beverage industry where innovation is paramount due to competitive pressures and evolving consumer preferences. This research offers vital insights aimed at enhancing the future performance of such enterprises. Employing a quantitative methodology, the study utilizes Ordinary Least Squares (OLS) as an analytical framework. Drawing upon data obtained from 26 alcoholic beverage firms listed on the Vietnam Stock Market spanning the years 2018 to 2022, the investigation examines the impact of four intellectual capital components (Human capital, Relational capital, Capital employee, and Structural capital) on company financial performance. The findings underscore a positive relationship between all components of intellectual capital and financial performance, with capital employee exerting the most significant influence.