{"id":"https://openalex.org/W4290052872","doi":"https://doi.org/10.1108/ajar-06-2021-0080","title":"Does intellectual capital matter to MFIs\u2019 financial sustainability?","display_name":"Does intellectual capital matter to MFIs\u2019 financial sustainability?","publication_year":2022,"publication_date":"2022-08-04","ids":{"openalex":"https://openalex.org/W4290052872","doi":"https://doi.org/10.1108/ajar-06-2021-0080"},"language":"en","primary_location":{"id":"doi:10.1108/ajar-06-2021-0080","doi":"https://doi.org/10.1108/ajar-06-2021-0080","is_oa":true,"landing_page_url":"https://doi.org/10.1108/ajar-06-2021-0080","pdf_url":"https://www.emerald.com/insight/content/doi/10.1108/AJAR-06-2021-0080/full/pdf?title=does-intellectual-capital-matter-to-mfis-financial-sustainability","source":{"id":"https://openalex.org/S4210190667","display_name":"Asian Journal of Accounting Research","issn_l":"2443-4175","issn":["2443-4175","2459-9700"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-b","doaj","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Accounting Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://www.emerald.com/insight/content/doi/10.1108/AJAR-06-2021-0080/full/pdf?title=does-intellectual-capital-matter-to-mfis-financial-sustainability","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5036891052","display_name":"Peter Nderitu Githaiga","orcid":"https://orcid.org/0000-0003-0772-7854","observed_orcids":["https://orcid.org/0000-0003-0772-7854"]},"institutions":[{"id":"https://openalex.org/I147168166","display_name":"Moi University","ror":"https://ror.org/04p6eac84","country_code":"KE","type":"education","lineage":["https://openalex.org/I147168166"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Peter Nderitu Githaiga","raw_affiliation_strings":["Department of Accounting and Finance, Moi University, Eldoret, Kenya"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Moi University, Eldoret, Kenya","institution_ids":["https://openalex.org/I147168166"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5066438193","display_name":"Neddy Cherotich Soi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I147168166","display_name":"Moi University","ror":"https://ror.org/04p6eac84","country_code":"KE","type":"education","lineage":["https://openalex.org/I147168166"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Neddy Soi","raw_affiliation_strings":["Department of Accounting and Finance, Moi University, Eldoret, Kenya"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Moi University, Eldoret, Kenya","institution_ids":["https://openalex.org/I147168166"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5028034877","display_name":"Kibet Koskei Buigut","orcid":"https://orcid.org/0000-0002-2524-0997","observed_orcids":["https://orcid.org/0000-0002-2524-0997"]},"institutions":[{"id":"https://openalex.org/I22607950","display_name":"University of Eldoret","ror":"https://ror.org/010crp378","country_code":"KE","type":"education","lineage":["https://openalex.org/I22607950"]}],"countries":["KE"],"is_corresponding":false,"raw_author_name":"Kibet Koskei Buigut","raw_affiliation_strings":["Department of Business and Management, University of Eldoret, Eldoret, Kenya"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Business and Management, University of Eldoret, Eldoret, Kenya","institution_ids":["https://openalex.org/I22607950"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.8712,"has_fulltext":true,"cited_by_count":32,"citation_normalized_percentile":{"value":0.93389009,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"8","issue":"1","first_page":"41","last_page":"52"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11849","display_name":"Intellectual Capital and Performance Analysis","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13366","display_name":"Accounting Theory and Financial Reporting","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/intellectual-capital","display_name":"intellectual capital","score":1.0},{"id":"https://openalex.org/keywords/microfinance-institutions","display_name":"microfinance institutions","score":0.9860000014305115},{"id":"https://openalex.org/keywords/financial-sustainability","display_name":"financial sustainability","score":1.0},{"id":"https://openalex.org/keywords/human-capital-efficiency","display_name":"human capital efficiency","score":0.8230000138282776},{"id":"https://openalex.org/keywords/structural-capital-efficiency","display_name":"structural capital efficiency","score":0.8100000023841858},{"id":"https://openalex.org/keywords/capital-employed-efficiency","display_name":"capital employed efficiency","score":0.7699999809265137},{"id":"https://openalex.org/keywords/operational-self-sufficiency","display_name":"operational self-sufficiency","score":0.902999997138977},{"id":"https://openalex.org/keywords/intangible-assets","display_name":"intangible assets","score":0.7350000143051147},{"id":"https://openalex.org/keywords/knowledge-assets","display_name":"knowledge assets","score":0.6880000233650208},{"id":"https://openalex.org/keywords/employee-training","display_name":"employee training","score":0.6349999904632568}],"concepts":[{"id":"https://openalex.org/C2780838347","wikidata":"https://www.wikidata.org/wiki/Q1329252","display_name":"Intellectual capital","level":2,"score":0.7129696607589722},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.6713941693305969},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6010836958885193},{"id":"https://openalex.org/C28129649","wikidata":"https://www.wikidata.org/wiki/Q926217","display_name":"Microfinance","level":2,"score":0.5850706100463867},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.5574430227279663},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.5397274494171143},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5344023108482361},{"id":"https://openalex.org/C2779313860","wikidata":"https://www.wikidata.org/wiki/Q7625013","display_name":"Structural capital","level":5,"score":0.5256384611129761},{"id":"https://openalex.org/C9127897","wikidata":"https://www.wikidata.org/wiki/Q990550","display_name":"Physical capital","level":3,"score":0.5063296556472778},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.46103644371032715},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.4539094865322113},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.37521451711654663},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3121131658554077},{"id":"https://openalex.org/C63545947","wikidata":"https://www.wikidata.org/wiki/Q10958910","display_name":"Individual capital","level":4,"score":0.1722877025604248},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.13291913270950317},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.09716129302978516},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1108/ajar-06-2021-0080","doi":"https://doi.org/10.1108/ajar-06-2021-0080","is_oa":true,"landing_page_url":"https://doi.org/10.1108/ajar-06-2021-0080","pdf_url":"https://www.emerald.com/insight/content/doi/10.1108/AJAR-06-2021-0080/full/pdf?title=does-intellectual-capital-matter-to-mfis-financial-sustainability","source":{"id":"https://openalex.org/S4210190667","display_name":"Asian Journal of Accounting Research","issn_l":"2443-4175","issn":["2443-4175","2459-9700"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-b","doaj","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Accounting Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:ajarpp:ajar-06-2021-0080","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/AJAR-06-2021-0080/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:7c5bdf0a3fc346ee9af5a0adf83ea112","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/7c5bdf0a3fc346ee9af5a0adf83ea112","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"AJAR (Asian Journal of Accounting Research), Vol 8, Iss 1, Pp 41-52 (2023)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1108/ajar-06-2021-0080","doi":"https://doi.org/10.1108/ajar-06-2021-0080","is_oa":true,"landing_page_url":"https://doi.org/10.1108/ajar-06-2021-0080","pdf_url":"https://www.emerald.com/insight/content/doi/10.1108/AJAR-06-2021-0080/full/pdf?title=does-intellectual-capital-matter-to-mfis-financial-sustainability","source":{"id":"https://openalex.org/S4210190667","display_name":"Asian Journal of Accounting Research","issn_l":"2443-4175","issn":["2443-4175","2459-9700"],"is_oa":true,"is_in_doaj":true,"is_core":false,"listed_in":["abdc-b","doaj","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asian Journal of Accounting Research","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.7257999777793884,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4290052872.pdf","grobid_xml":"https://content.openalex.org/works/W4290052872.grobid-xml"},"referenced_works_count":56,"referenced_works":["https://openalex.org/W1755106091","https://openalex.org/W1964546750","https://openalex.org/W1968748079","https://openalex.org/W1977802885","https://openalex.org/W1981590313","https://openalex.org/W1985513370","https://openalex.org/W1988799832","https://openalex.org/W1995449006","https://openalex.org/W2025610165","https://openalex.org/W2035567894","https://openalex.org/W2035685806","https://openalex.org/W2037170782","https://openalex.org/W2058810434","https://openalex.org/W2061445563","https://openalex.org/W2071554452","https://openalex.org/W2073110908","https://openalex.org/W2089170325","https://openalex.org/W2093597382","https://openalex.org/W2094647114","https://openalex.org/W2117631504","https://openalex.org/W2132866816","https://openalex.org/W2169520690","https://openalex.org/W2302806424","https://openalex.org/W2333070239","https://openalex.org/W2405466533","https://openalex.org/W2542730935","https://openalex.org/W2588077460","https://openalex.org/W2588077741","https://openalex.org/W2600566534","https://openalex.org/W2612061848","https://openalex.org/W2731538980","https://openalex.org/W2735312637","https://openalex.org/W2760712006","https://openalex.org/W2766551063","https://openalex.org/W2767776965","https://openalex.org/W2772588312","https://openalex.org/W2777805142","https://openalex.org/W2789496647","https://openalex.org/W2794406876","https://openalex.org/W2803878175","https://openalex.org/W2810076474","https://openalex.org/W2896185322","https://openalex.org/W2911433140","https://openalex.org/W2920757502","https://openalex.org/W2936440137","https://openalex.org/W2945019794","https://openalex.org/W2965474576","https://openalex.org/W3019648576","https://openalex.org/W3027213141","https://openalex.org/W3040937671","https://openalex.org/W3043637150","https://openalex.org/W3081091260","https://openalex.org/W3121403162","https://openalex.org/W3124536214","https://openalex.org/W3134997012","https://openalex.org/W4280575994"],"related_works":["https://openalex.org/W6991148141","https://openalex.org/W2936493981","https://openalex.org/W4410020840","https://openalex.org/W2126107841","https://openalex.org/W2766551063","https://openalex.org/W3136244082","https://openalex.org/W4323648086","https://openalex.org/W2165217020","https://openalex.org/W4362514795","https://openalex.org/W4210336174"],"abstract_inverted_index":{"Purpose":[0],"This":[1,275],"paper":[2,186,279],"examines":[3,65],"the":[4,11,23,32,66,79,111,114,118,145,165,189,204,213,243,277,282,287],"effect":[5,67,116,143,158],"of":[6,14,35,40,51,68,93,124,148,168,178,181,196,206,270,290,299],"intellectual":[7,85],"capital":[8,86,132,135,152,225,248],"(IC)":[9],"on":[10,70,144,159,188,212],"financial":[12,72,101,146,160,179,194,224,228,250,288],"sustainability":[13,147,180,195,289],"microfinance":[15],"institutions":[16],"(MFIs).":[17],"The":[18,74,127,185,264],"study":[19,64,265],"is":[20,97,253,276],"motivated":[21],"by":[22],"increased":[24],"calls":[25],"for":[26,56,255,307],"MFIs":[27,53,232,260,291],"to":[28,99,219,226,242,258,280],"be":[29],"self-sustainable":[30],"and":[31,43,54,117,134,141,171,193,223,238,249,286,295],"growing":[33],"importance":[34,167],"knowledge-based":[36],"assets":[37,173],"as":[38,90,174],"contributors":[39,177],"competitive":[41],"advantage":[42],"sustained":[44],"performance.":[45],"Design/methodology/approach":[46],"With":[47],"a":[48,139,155,296],"global":[49,297],"sample":[50,298],"444":[52],"data":[55,75,108,294],"2013\u20132018,":[57],"which":[58],"yielded":[59],"2,664":[60],"MFIs-year":[61],"observations,":[62],"this":[63,207],"IC":[69,192,271,285],"MFIs\u2019":[71,215],"sustainability.":[73,102,161,229],"are":[76,88,104,217],"extracted":[77],"from":[78],"MIX":[80],"Market":[81],"database.":[82],"Value":[83],"added":[84],"coefficients":[87],"used":[89,98],"proxy":[91],"measures":[92],"IC.":[94],"Operational":[95],"self-sufficiency":[96],"measure":[100],"Data":[103],"analyzed":[105],"using":[106,292],"three-panel":[107],"estimation":[109],"models:":[110],"fixed":[112],"effect,":[113],"random":[115],"dynamic":[119],"panel":[120,293],"system":[121],"generalized":[122],"method":[123],"moments.":[125],"Findings":[126],"results":[128,163],"show":[129],"that":[130],"human":[131],"efficiency":[133,137,153],"employed":[136],"have":[138],"positive":[140,176,244],"significant":[142],"MFIs.":[149,182,197,273],"However,":[150],"structural":[151],"has":[154],"significantly":[156],"negative":[157],"These":[162],"confirm":[164],"relative":[166],"both":[169],"tangible":[170],"intangible":[172],"important":[175],"Research":[183],"limitations/implications":[184],"focused":[187],"association":[190],"between":[191,246,284],"Therefore,":[198],"examining":[199],"nonfinancial":[200],"institution":[201],"may":[202],"validate":[203],"contributions":[205],"study.":[208],"Practical":[209],"implications":[210],"Based":[211],"findings,":[214],"managers":[216],"encouraged":[218],"leverage":[220],"IC,":[221],"physical":[222,247],"attain":[227],"In":[230],"particular,":[231],"should":[233],"invest":[234],"in":[235],"employees":[236],"training":[237],"development.":[239],"Additionally,":[240],"owing":[241],"relationship":[245,283],"sustainability,":[251],"there":[252],"need":[254],"policy":[256],"interventions":[257],"ensure":[259],"access":[261],"adequate":[262],"funding.":[263],"further":[266],"recommends":[267],"mandatory":[268],"disclosure":[269],"among":[272],"Originality/value":[274],"first":[278],"investigate":[281],"MFIs;":[300],"therefore,":[301],"it":[302],"lays":[303],"an":[304],"empirical":[305],"ground":[306],"future":[308],"studies.":[309]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":14},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":5}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2022-08-06T00:00:00"}
