Investigating the role of Intellectual Capital on the performance of pharmaceutical firms in Thailand

Abstract

Chayanan Kerdpitak, Kittisak Jermsittiparsert

This is acknowledged that intellectual capital is a vital success element in a progressively competitive and universal economy. Intellectual capital is a combination of three type of capital i.e “human capital, structural capital and relational capital”. These three capital creates value for the firm and play important role to boost the performance of any firm. This study intended to examine the relationship between intellectual capital and firm performance of pharmaceutical firm in Thailand. For the investigation of proposed associations among the variables, quantitative research approach with cross sectional method was carried out and data was collected by using survey questionnaires. This study found that three types of intellectual capital have significant and positive influence on the performance of Thai pharmaceutical firm. Findings of the study highlights provide guidelines to business owners and managers regarding the management of intellectual capital effectively. Moreover, findings of this research will be helpful in formulation of policies to achieve better performance.