Graduation Year
2021
Date of Submission
5-2021
Document Type
Open Access Senior Thesis
Award
Robert Day School Prize for Best Senior Thesis in Economics (Accounting) and Finance
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Joshua Rosett
Terms of Use & License Information
Rights Information
2021 Chance T Sears
Abstract
The purpose of this paper is to examine the relationship between intellectual capital and firms’ financial and market performance during the peak levels of digitalization, focusing on the COVID-19 Pandemic. Utilizing the recently validated Value Added Intellectual Coefficient (VAIC), alongside its necessary controls, I conduct an empirical analysis on North American firms over the period of 2010-2020 using fixed effects and pooled ordinary least squares analysis. Findings from the empirical analysis provide evidence that intellectual capital is a driving factor in enhancing firms’ financial and market performance. Additionally, results indicate that the COVID-19 pandemic increased the impact of intellectual capital on firms’ financial performance. Overall, the empirical findings suggest that intellectual capital is a significant factor in firms’ financial and market performance, and may be increasingly important in the post-pandemic world.
Recommended Citation
Sears, Chance, "Intellectual Capital's Impact on Corporate Performance During the Age of Digitalization and the COVID-19 Pandemic" (2021). CMC Senior Theses. 2653.
https://scholarship.claremont.edu/cmc_theses/2653
