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SUSTAINABLE GROWTH AND PROFITABILITY IN THE PAKISTANI INSURANCE SECTOR AN INTELLECTUAL CAPITAL PERSPECTIVE

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11 Pages : 131-148

http://dx.doi.org/10.31703/ger.2021(VI-II).11      10.31703/ger.2021(VI-II).11      Published : Jun 2021

Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective

Abstract

    In this new era of knowledge-based systems, financial institutions tend to improve as per performance standards using tangible and intangible resources. Intellectual capital (IC) gained much attention and in the recent past has encouraged the researchers to shed light on the connection of IC.The insurance companies plays a vital role in the financial system.This study investigates the impact of IC on the insurance sector's performance, i.e. sustainable growth (SGR), earnings and profitability, using value-added intellectual coefficient (VAIC) and modified value-added intellectual coefficient (MVAIC) methods. In addition, among all the IC elements, the study finds physical capital/capital employed (CE) and human capital (HC) most contributing factors in IC performance, whereas structural capital(SC) needs more focus to enhance the performance. Furthermore,the results suggest more attention towards relational capital (RC)as the study finds it's a positive impact on the performance, but it continues to remain insignificant. This study will be prospectively helpful for academics, policymakers, economists and managers.This study enlightens the IC's role in achieving sustainable growth.

    Sustainable Growth, Earnings, Profitability, Intellectual Capital, Insurance Companies, Pakistan

    (1) Syed Muhamad Basit Raza Bukhari
    PhD, Management Science and Engineering, School of Management, Jiangsu University, Zhenjiang, China.
    (2) Muhammad Abubakar Shoaib
    Department of Economics and Finance, Lahore School of Economics, Lahore, Punjab, Pakistan.
    (3) Aemin Nasir
    PhD, Management Science, School of Business Management, University Utara Malaysia
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Cite this article

APA

    APA : Bukhari, S. M. B. R., Shoaib, M. A., & Nasir, A. (2021). Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective. Global Economics Review, VI(II), 131-148. https://doi.org/10.31703/ger.2021(VI-II).11

CHICAGO

    CHICAGO : Bukhari, Syed Muhamad Basit Raza, Muhammad Abubakar Shoaib, and Aemin Nasir. 2021. "Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective." Global Economics Review, VI (II): 131-148 doi: 10.31703/ger.2021(VI-II).11

HARVARD

    HARVARD : BUKHARI, S. M. B. R., SHOAIB, M. A. & NASIR, A. 2021. Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective. Global Economics Review, VI, 131-148.

MHRA

    MHRA : Bukhari, Syed Muhamad Basit Raza, Muhammad Abubakar Shoaib, and Aemin Nasir. 2021. "Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective." Global Economics Review, VI: 131-148

MLA

    MLA : Bukhari, Syed Muhamad Basit Raza, Muhammad Abubakar Shoaib, and Aemin Nasir. "Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective." Global Economics Review, VI.II (2021): 131-148 Print.

OXFORD

    OXFORD : Bukhari, Syed Muhamad Basit Raza, Shoaib, Muhammad Abubakar, and Nasir, Aemin (2021), "Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective", Global Economics Review, VI (II), 131-148

TURABIAN

    TURABIAN : Bukhari, Syed Muhamad Basit Raza, Muhammad Abubakar Shoaib, and Aemin Nasir. "Sustainable Growth and Profitability in the Pakistani Insurance Sector: An Intellectual Capital Perspective." Global Economics Review VI, no. II (2021): 131-148. https://doi.org/10.31703/ger.2021(VI-II).11