While neglecting the importance of technological intensity, most of the prior studies documented the positive contribution of intellectual capital (IC) to corporate financial performance. This study aims at analyzing the relation between IC and corporate financial performance addressing the technological intensity in different sectors from 17 emerging countries. The impact of IC, which is measured by Value Added Intellectual Coefficient (VAIC) and its components; Capital Employed Efficiency (CEE), Human Capital Efficiency (HCE), and Structural Capital Efficiency (SCE), on corporate financial performance will be evaluated using panel data analysis for the period between 2009-2019. Accordingly, IC and its components are found to be significant drivers of financial performance being higher for sectors that are more technology intensive. Moreover, human and physical capital are the main components, which boost finance performance for all groups irrespective of technological intensity in the emerging market context.

中文翻译：

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智力资本、技术强度和企业绩效：新兴国家的案例

虽然忽略了技术强度的重要性，但大多数先前的研究都记录了智力资本 (IC) 对公司财务绩效的积极贡献。本研究旨在分析来自 17 个新兴国家的不同部门的技术密集度，分析 IC 与企业财务绩效之间的关系。IC的影响，通过增值智力系数（VAIC）及其组件来衡量；资本使用效率 (CEE)、人力资本效率 (HCE) 和结构资本效率 (SCE) 对企业财务绩效的影响将使用 2009-2019 年期间的面板数据分析进行评估。因此，IC 及其组件被发现是技术密集型行业财务业绩更高的重要驱动因素。而且，