The Mediating Role Of Dynamic Capability On The Influence of Intellectual Capital On Corporate Performance : A Literature Review
Keywords:
Intellectual capital, Corporate performance, Dynamic Capability.
Abstract
This study aims to explore the relationship between intellectual capital (IC), dynamic capability (DC), and corporate performance (CP) while identifying gaps in the existing literature. IC, comprising human capital, structural capital, and relational capital, serves as a strategic resource for driving competitive advantage and sustainable corporate performance. Meanwhile, DC, which encompasses sensing, seizing, and reconfiguring capabilities, acts as the primary mediator in leveraging IC to respond to environmental dynamics. This study also reviews relevant literature to construct an integrative theoretical framework based on the Resource-Based View (RBV) and Dynamic Capability View (DCV). Practically, the research provides insights for companies to enhance performance through the optimization of IC and strengthening of DC. The findings identify trends, offer directions for future research, and recommend the development of strategic frameworks applicable across various sectors.
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Parlak Nesegul. (2021), “The Effect Of Intellectual Capital Efficiency On Financial Performance: A Research On Participation Banks”, Journal Of Life Economics. olume/ Cit: 8, Issue/ Say: 3. 2021, pp. 281 – 287. E –ISSN: 2148 -4139. URL: https://www.journals.gen.ttrjlecon. DOI: https:doi.org/10.15637/jlecon.8.3.0l.
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Prema S. (2021). A Decisive Role Played By Language in the Arena of Marketing and Advertisement: An Exploration of Ubiquitous Element, Asian Journal of Management, Entrepreneurship and Social Science, Vol. 1, Iss. 1, pp. 17-24.
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Salacuse, Jeswald. (1991), Making Deals in Strange Places: A Beginner's Guide to International Business Negotiations, Negotiation Theory, and Practice. Eds. J. William Breslin and Jeffrey Z. Rubin. Cambridge, MA: The Program on Negotiation at Harvard Law School, pp. 251-260.
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Shairi, Shaira Arwine Binti. (2021). “Intellectual Capital and Firm Performance: Evidence from Technology Sector in Malaysia”. International Journal of Academic Research in Economics and Management Sciences 10(1). DOI:10.6007/IJAREMS/v10-i1/9834
Shih, Yi Chien. (2012), “Dynamic capability, knowledge,learning, and firm performance”, Journal of Organizational pge Management Vol. 25 No. 3, 2012 pp. 434-444 Emerald Group Publishing Limited 0953-4814. DOI 10.1108/09534811211228148
Singh, Bindu, M.K Rao. (2016), “Effect of intellectual capital on dynamic capabilities”, Journal of Organizational Change Management Vol. 29 No. 2, 2016. pp. 129-149. © Emerald Group Publishing Limited. 0953-4814. OI 10.1108/JOCM-12-2014-0225.
Singh, Bindu and Verma, Pratibha. (2024) “How does intellectual capital drive firm performance via dynamic capabilities: evidence from India”, International Journal of Productivity and Performance Management Vol. 73 No. 7, 2024 pp. 2136-2155. © Emerald Publishing Limited 1741-0401. DOI 10.1108/IJPPM-10-2022-0555
Skhvediani Angi. et al. (2023), “The Impact of Intellectual Capital on the Firm Performance of Russian Manufacturing Companies”, Risks 2023, 11, 76. https://doi.org/10.3390/risks11040076.
Susanti, N., & Restiana, N. G. (2018). What’s the best factor to determining firm value. Jurnal Keuangan dan Perbankan, 22(2), 301-309.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207–222. https://doi.org/10.1111/1467-8551.00375
Tseng Shu-Mei, Pei-shan Lee. (2012), “The effect of knowledge management capability and dynamic capability on organizational performance”, Journal of Enterprise Information Management Vol. 27 No. 2, 2014 pp. 158-179. Emerald Group Publishing Limited 1741-0398. DOI 10.1108/JEIM-05-2012-0025.
Wang Yanyu. et al. (2019), “Intellectual capital and technological dynamic capability: evidence from Chinese enterprises”, Journal of Intellectual Capital Vol. 20 No. 4, 2019. pp. 453-471. © Emerald Publishing Limited. 1469-1930. DOI 10.1108/JIC-06-2018-0096.
Wang, Y., Su, X., Wang, H., & Zou, R. (2019). Intellectual capital and technological dynamic capability: Evidence from Chinese enterprises. Journal of Intellectual Capital, 20(4), 453-471.
Wójcik Piotr, 2015. "Exploring Links Between Dynamic Capabilities Perspective and Resource-Based View: A Literature Overview," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 45(1), pages 83-107, March.
Alavoine, Claude and et al (2014), Teaching and Learning Negotiation: Is There Still Room For Innovation? International Journal of Management & Information Systems, Vol. 18, Iss. 1, pp. 35-40.
Cahyono, S., & Ardianto, A. (2024). Intellectual Capital, Political Connection, and Firm Performance: Exploring from Indonesia. Risks, 12(7), 105. https://doi.org/10.3390/risks12070105
Chang, C.-H., and S.-L. Hsieh. 2008. Is the Daily Price Limit of the Taiwan Stock Exchange Effective? Fundamentals of Listed Stocks and Investors’ Perception of Fair Price. Asia- Pacific Journal of Financial Studies 37: 675–726.
Chu, S.K.W. dan Chan, K.H., Yu, K.Y., Ng, H.T. dan Wong, W.K. (2011) “An Empirical Study of the Impact of Intellectual Capital on Business Performance.” Journal of Information & Knowledge Management. Forthcoming 2011.
Costa, L. c. (2014). Application of atificial neural networks in history matching process. Petroleum and Engeneering , 1-6.
Ghauri, P.N. (1986), Guidelines For International Business Negotiations, International Marketing Review, Vol. 3, No. 3, pp. 72-82.
Gremme, K.-M., & Wohlgemuth, V. (2017). Dynamic capabilities: a systematic literature review of theory and practice. European Journal of Management Issues, 25(1), 30–35.
Grewal, J., & Serafeim, G. (2020). Research on Corporate Sustainability: Review and Directions for Future Research. Foundations and Trends® in Accounting, 14(2), 73–127
Hsu Li – Chang, Chao-Hung Wang. (2010), “Clarifying the Effect of Intellectual Capital on Performance: The Mediating Role of Dynamic Capability. British Journal of Management r2010 British Academy of Management”, Published by Blackwell Publishing Ltd, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden, MA, 02148, USA.
Jeswald W. Salacuse. (2003), The Global Negotiator, Palgrave MacMillan.
Kai Sammuel Wah Chu, et al. (2011), “An Empirical Study of the Impact of Intellectual Capital on Business Performance”, Journal of Information & Knowledge Management, Vol. 10, No. 1 (2011) 11 – 21. World Scientific Publishing Co. DOI:10.1142/S0219649211002791.
Kalkan Adnan, et al. (2014), “The impacts of intellectual capital, innovation and organizational strategy on firm performance”, 1877-0428 © 2014 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/). Peer-review under responsibility of the International Strategic Management Conference. doi:10.1016/j.sbspro.2014.09.025
Kamath, G. B. (2015). Impact of Intellectual Capital on Financial Performance and Market Valuation of Firms in India. International Letters of Social and Humanistic Sciences, 48(1997), 107–122. https://doi.org/10.18052/www.scipress.com/ilshs.48.107.
Krzakiewicz, Kazimierz (2013). “Dynamic Capability and Knowledge Management”. Management 17 (2) : 1 – 15. DOI:10.2478/manment-2013-0051
Kaplan, R. S., & Norton, D. P. (1996). The balanced scorecard: Translating strategy into action. Harvard Business Press.
Kotler, P., & Keller, K. L. (2022). Marketing management (15th ed.). Upper Saddle River, NJ: Pearson Education.
Magret Odunayo Olarewaju, Thaiso S.M. (2021), “Intellectual capital and financial performance of South African development community’s general insurance companies”, Received 6 January 2021; Received in revised form 25 March 2021; Accepted 31 March 2021 2405-8440/© 2021 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Martins, A. (2023). Dynamic capabilities and SME performance in the COVID-19 era: the moderating effect of digitalization. Asia-Pacific Journal of Business Administration, 15(2), 188–202. https://doi.org/10.1108/APJBA-08-2021-0370
Michaelis, B., Wagner, T., & Schweizer, L. (2020). Clarifying the boundary conditions of value creation within dynamic capabilities framework. Review of Managerial Science, 14(8), 1797–1818
Musa. Faridah. (2011), Negotiation skills: Teachers’ Feedback as Input Strategy, Procedia Social and Behavioral Sciences, Vol. 59, pp. 221-226.
Nguyen, T. V., & Lu, C. H. (2023). Financial intermediation in banks and the key role of intellectual capital: new analysis from an emerging market. Journal of Financial Services Marketing, 29, 508–522.
Nhon, H. T., Phuong, N. V., Trung, N. Q., & Thong, B. Q. (2020). Exploring the mediating role of dynamic capabilities in the relationship between intellectual capital and performance of information and communications technology firms. Cogent Business & Management, 7(1), 1831724. https://doi.org/10.1080/23311975.2020.1831724
Ni, Y., Cheng, Y. R., & Huang, P. (2020). Do intellectual capitals matter to firm value enhancement? Evidences from Taiwan. Journal of Intellectual Capital, 22(4), 725–743. https://doi.org/10.1108/JIC-10-2019-0235
P.J. Fos. (1991), A Method of Teaching Negotiating Skill, J Health Adm Educ. Vol. 9, Iss. 3, pp. 289-305.
Parlak Nesegul. (2021), “The Effect Of Intellectual Capital Efficiency On Financial Performance: A Research On Participation Banks”, Journal Of Life Economics. olume/ Cit: 8, Issue/ Say: 3. 2021, pp. 281 – 287. E –ISSN: 2148 -4139. URL: https://www.journals.gen.ttrjlecon. DOI: https:doi.org/10.15637/jlecon.8.3.0l.
Pokharel, R., Mishra, A. K., & Aithal, P. S. (2021). Practicability Assessment of Smart Village Project: A Case of Sandakpur Rural Municipality, Ilam Nepal. International Journal of Management, Technology, and Social Sciences, 6(2), 265–281. https://doi.org/10.47992/ijmts.2581.6012.0170.
Prema S. (2021). A Decisive Role Played By Language in the Arena of Marketing and Advertisement: An Exploration of Ubiquitous Element, Asian Journal of Management, Entrepreneurship and Social Science, Vol. 1, Iss. 1, pp. 17-24.
Prester Jasna. (2023), “Operating and Dynamic Capabilities and Their Impact on Operating and Business Performance”, Sustainability 2023, 15, 15181. https://doi.org/10.3390/ su152015181.
Reardon, Kelly Kathleen. (1994), Starting our Right: Negotiation Lessons for Domestic and Cross-Cultural Business Alliances, Business Horizons, Vol. 37, Iss. 1, pp. 71-79.
Salacuse, Jeswald. (1991), Making Deals in Strange Places: A Beginner's Guide to International Business Negotiations, Negotiation Theory, and Practice. Eds. J. William Breslin and Jeffrey Z. Rubin. Cambridge, MA: The Program on Negotiation at Harvard Law School, pp. 251-260.
Santoso Eko. (2011), “Intellectual Capital In Indonesia: The Influence On Financial Performance Of Banking Industry”, Dissertation. Doctor of Management in Organizational Leadership. Unversitas Of Phoenix.
Shairi, Shaira Arwine Binti. (2021). “Intellectual Capital and Firm Performance: Evidence from Technology Sector in Malaysia”. International Journal of Academic Research in Economics and Management Sciences 10(1). DOI:10.6007/IJAREMS/v10-i1/9834
Shih, Yi Chien. (2012), “Dynamic capability, knowledge,learning, and firm performance”, Journal of Organizational pge Management Vol. 25 No. 3, 2012 pp. 434-444 Emerald Group Publishing Limited 0953-4814. DOI 10.1108/09534811211228148
Singh, Bindu, M.K Rao. (2016), “Effect of intellectual capital on dynamic capabilities”, Journal of Organizational Change Management Vol. 29 No. 2, 2016. pp. 129-149. © Emerald Group Publishing Limited. 0953-4814. OI 10.1108/JOCM-12-2014-0225.
Singh, Bindu and Verma, Pratibha. (2024) “How does intellectual capital drive firm performance via dynamic capabilities: evidence from India”, International Journal of Productivity and Performance Management Vol. 73 No. 7, 2024 pp. 2136-2155. © Emerald Publishing Limited 1741-0401. DOI 10.1108/IJPPM-10-2022-0555
Skhvediani Angi. et al. (2023), “The Impact of Intellectual Capital on the Firm Performance of Russian Manufacturing Companies”, Risks 2023, 11, 76. https://doi.org/10.3390/risks11040076.
Susanti, N., & Restiana, N. G. (2018). What’s the best factor to determining firm value. Jurnal Keuangan dan Perbankan, 22(2), 301-309.
Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a methodology for developing evidence-informed management knowledge by means of systematic review. British Journal of Management, 14(3), 207–222. https://doi.org/10.1111/1467-8551.00375
Tseng Shu-Mei, Pei-shan Lee. (2012), “The effect of knowledge management capability and dynamic capability on organizational performance”, Journal of Enterprise Information Management Vol. 27 No. 2, 2014 pp. 158-179. Emerald Group Publishing Limited 1741-0398. DOI 10.1108/JEIM-05-2012-0025.
Wang Yanyu. et al. (2019), “Intellectual capital and technological dynamic capability: evidence from Chinese enterprises”, Journal of Intellectual Capital Vol. 20 No. 4, 2019. pp. 453-471. © Emerald Publishing Limited. 1469-1930. DOI 10.1108/JIC-06-2018-0096.
Wang, Y., Su, X., Wang, H., & Zou, R. (2019). Intellectual capital and technological dynamic capability: Evidence from Chinese enterprises. Journal of Intellectual Capital, 20(4), 453-471.
Wójcik Piotr, 2015. "Exploring Links Between Dynamic Capabilities Perspective and Resource-Based View: A Literature Overview," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 45(1), pages 83-107, March.
Published
2025-03-08
How to Cite
Nur Ajizah, Kadarisman Hidayat, Saparilah Worokinasih, & Zahro ZA. (2025). The Mediating Role Of Dynamic Capability On The Influence of Intellectual Capital On Corporate Performance : A Literature Review. International Journal of Economics, Business and Innovation Research, 4(02), 771-793. https://doi.org/10.63922/ijebir.v4i02.1656
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