Does VAIC affect the profitability and value of real estate and infrastructure firms in India? A panel data investigation

Purpose This study aims to investigate whether intellectual capital (IC) and its subcomponents enhance value and improve the profitability of real estate (RE) and infrastructure (INF) firms in India. In this study, IC is measured through the value-added intellectual coefficient (VAIC) model. The study further extends the VAIC model by incorporating an additional component of social welfare efficiency (SWE). Design/methodology/approach The study...