Date of Submission
Open Access Senior Thesis
Robert Day School Prize for Best Senior Thesis in Economics (Accounting) and Finance
Bachelor of Arts
2021 Chance T Sears
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.
Sears, Chance, "Intellectual Capital's Impact on Corporate Performance During the Age of Digitalization and the COVID-19 Pandemic" (2021). CMC Senior Theses. 2653.