• Dr. Rajwanti

The current study investigates the impact of intellectual capital efficiency on financial performance of BSE 500 Companies. Intellectual capital Efficiency is measured with the help of Modified Value Added Intellectual Coefficient (MVAIC) method and the financial performance of the selected companies as measured with the help of return on assets (ROA) and return on equity (ROE). In the study the dynamic effect of the dependent variable is also examined. The dynamic effect indicates the impact of lagged variable of the dependent variable on itself. This is also known as presence of auto correlation in the dependent variable i.e. ROA and ROE. Thus, in order to incorporate the dynamic effect of the financial performance the dynamic panel data models were applied. The dynamic models are divided into two categories namely difference GMM and system GMM. The study found that the lagged variable of ROA have significant impact on the dependent variable ROA. The system GMM model is used to analyse the impact of intellectual capital efficiency on the financial performance of the selected companies. The intellectual capital efficiency is found to have significant impact on the ROA and ROE of the selected companies.

Modified Value Added Intellectual Coefficient (MVAIC), Return of Assets (ROA), Return on Equity (ROE)

"Intellectual Capital Efficiency and Financial performance of BSE 500 Companies: A Dynamic Regression Model ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 12, page no.g618-g625, December-2022, Available :http://www.jetir.org/papers/JETIR2212693.pdf

"Intellectual Capital Efficiency and Financial performance of BSE 500 Companies: A Dynamic Regression Model ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 12, page no. ppg618-g625, December-2022, Available at : http://www.jetir.org/papers/JETIR2212693.pdf