Intellectual capital, digital transformation and firms' financial performance: Evidence from ecological protection and environmental governance industry in China.

ABSTRACT: As the pace of enterprise digital transformation accelerates, intellectual capital (IC) has become a core driving force of gaining market competitive advantages and enhancing value creation capabilities. The paper aims to investigate the impact of IC and its components on financial performance of Chinese ecological protection and environmental governance companies during 2018-2021. In addition, the moderating effect of digital transformation between them is examined. IC is measured by the modified value added intellectual coefficient (MVAIC) model, and the measurement of digital transformation is based on text mining. The results suggest that IC can improve firm financial performance, especially during COVID-19. Physical capital, human capital (HC), and relational capital (RC) positively a

SUBMITTER: Yin J 

PROVIDER: S-EPMC11771867 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature