Intellectual Capital and Financial Performance of Chinese Manufacturing SMEs: An Analysis from the Perspective of Different Industry Types

In the knowledge era, intellectual capital (IC) has been recognized as determinant of firm performance. The main goal current study is to analyze relationship between IC and its elements financial performance Chinese manufacturing small medium-sized enterprises (SMEs). We also examine whether industry type an impact on this relationship. This uses data 588 listed SMEs in 2015 2020 employs modified value-added coefficient (MVAIC) model assess IC. results show that improves SMEs’ performance, physical human capitals are contributor. addition, different types industries. Specifically, capital-intensive have a greater than labor- technology-intensive SMEs; labor-intensive higher efficiency capital, while efficiency. findings could help managers improve corporate by effective utilization their