摘要：This paper aims to model the effect of intellectual capital on firms’ competitive advantage condition across selected Indian industries. Using a panel dataset consisting of 146 Indian companies listed in the Bombay Stock Exchange (BSE), spanning across 7 industries during 2003 to 2012. The study suggests that the firms’ competitive advantage condition is relatively better explained by some of the individual intellectual capital components rather than by the Public’s Composite Value Added Intellectual Capital Coefficient (VAIC) measure. Physical and financial capital efficiency (VACA) statistically determines the firms’ competitive advantage condition irrespective of the industry segments. However, along with VACA, human capital efficiency (HCVA) is also observed to be a significant determinant of firms’ competitive advantage conditions for automobiles, consumer goods, health and pharmaceuticals and information technology industries. The result extends the understanding of how VAIC and other associated components determine competitive advantage condition of firms’ across industries in India. To the best of authors' knowledge, for the first time the firms’ competitive advantage condition is modeled in a VAIC framework.
关键词：Intellectual capital;Competitive advantage;Physical capital;Structural capital and human capital;Innovative capital and relational capital
