The Impact of Corporate Governance Principles on Intellectual Capital Efficiency in Jordanian Public Shareholding Industrial Companies


  • Firas Ameen Shatanawi, Dr.



Jordanian Public Shareholding, Efficiency, Intellectual Capital, Corporate Governance


The study aims to define the principles of corporate governance and its impact on intellectual capital (human capital, structural capital, and relational capital) in Jordanian Public Shareholding industrial companies.


The author used two main methods to collect data. The first method was the analysis of previous studies, articles, research, periodicals, on the subject corporate governance and intellectual capital in a way that made it possible to build a theoretical framework for the study, establish a study model, determine the extent of adherence to the principles of corporate governance, and the ability to predict the efficiency of intellectual capital. The second method is the descriptive and analytical approach, which is based on the use of various statistical methods and standard for the analysis of financial data gathered from the reports of industrial companies, so as to measure the independent and dependant variables of the study.


The study population consisted of 63 Jordanian industrial public shareholding companies, comprising 88.7% of the size of the population of industrial companies in Jordan.


The study found a statistically significant effect for adhering to the principles of corporate governance on intellectual capital efficiency (human capital, structural capital, and relational capital) in the Jordanian Public Shareholding industrial companies. The study also produced a number of related results, as well as recommendations for industrial companies, managements, and interested academics.


Download data is not yet available.

Author Biography

Firas Ameen Shatanawi, Dr.

Ph.D  Accounting


 Amarneh, Asmaa&yaseen, Hadeel (2013). Corporate Governance and Leverage: Evidence from the Jordanian Stock Market. Research Journal of Finance and Accounting, Vol. 4, No. 19.
 Aslam, Shoaib& Amin, Shahid (2015). Impact of Intellectual Capital on Financial Vulnerability of Pharmaceuticals Sector in Pakistan. Pakistan Journal of Commerce and Social Sciences, Vol. 9, No. 1, P. 171-184.
 Black, B. S.; Kim, W.; Jang, H. & Park, K. S. (2008). How Corporate Governance Affects Firm Value: Evidence on Channels from Korea. From http:// ssrn. com.
 Bonits, N. (1998). Intellectual Capital: An Exploratory Study that Develops Measures and Models. Management Decision, Vol. 36, No. 2.
 Bontis, Nick (2000). Intellectual Capital and Business Performance in Malaysian Industries. Journal of Intellectual Capital, Vol. 1, No. (1), p. 85-100.
 Bontis, Nick; Dragonetti, N. C.; Jacobsen, K. &Roos, G. (1999). The Knowledge Toolbox: A Review of the Tools Available to Measure and Manage Intangible Resources. European Management Journal, Vol. 17, No. (4), p. 391-402.
 Brookings, A. (1997). The Management of Intellectual Capital. Long Range Planning, Vol. 30, No. 3.
 Brown, Lawrence &Caylor, Marcus (2004). Corporate Governance and Firm Performance.
 Chen, J., Zhaohui, Z. & Hong, Y. X. (2004). Measuring Intellectual Capital a New Model and Empirical Study of Intellectual Capital. Journal of Intellectual Capital, Vol. 5, No. 1.
 Dadashinasab, Majid; Mousavi, Seyyed; Ghorbani, Behzad&Khatiri, Mohammed (2015). Intellectual Capital Performance of Financial Instituations in Iran.Walia Journal, Vol. 31, No. S3, P 56 - 60.
 Donnell, David, Regan, Philip & Coates, Brian (2000). Intellectual Capital: A Habermasian Introduction. Journal of Intellectual Capital, Vo. 1, No. 2, UK.
 Edvinsson, L. (1997). Developing Intellectual Capital at Skandia. Long Range Planning, Vol. 30, No. 3.
 Edvinsson, L. (2002). Corporate longitude. Prentice Hall, London.
 Kanellos, T. & George, T. (2007). Corporate Governance and Firm Performance: Results from Greek Firm. http://
 Kaplan, R. & Norton, D. (1996). The Balanced Scorecard: Measures That Drive Performance. HBR, Vol. 70, No. (1), p. 1-79.
 Lovingsson, Fredrik (2000). Navigating with New Managerial Tools. Journal of Intellectuall Capital, Vol. 1, No. 2, p. 147 - 154.
 Makki, Muhammad Abdul Majid&Lodhi, Suleman Aziz (2014). Impact of Corporate Governance on Intellectual Capital Efficiency and Financial Performance.Pakistan Journal of Commerce and Social Sciences, Vol. 8, No. 2, P. 305-330.
 OECD, OECD Principles of Corporate Governance, (2004).
 Ross, J.; Ross, G.; Dragonetti, N. &Edvinsson, L. (1997). Intellectual Capital: Navigating in the New Business Landscape. Macmillan Business, London.
 Samarasiri, P. (2008). The Need for a New Version of Corporate Governance for Promotion of Risk Managements in Banks. Central Bank of Sirilanka.
 Stewart, T. A. (1997). Intellectual Capital: the Wealth of Organization. Doubled/Currency, New York.
 Sveiby, K. E. (2003). The Intangible Assets Monitor. Journal of Humman Resources Costing and Accounting, Vol. 2, No. 1.
 Velnampy, T. (2013). Corporate Governance and Firm Performance: A Study of Sri Lankan Manufacturing Companies. Journal of Economics and Sustainable Development, Vol. 4, No. (3), P. 228- 236.
 Xinyu, Zhang (2014). The Impacts of Intellectual Capital of Chinas Public Pharmaceutical Company on Companys Performance. Journal of Chemical and Pharmaceutical Reasearch, p. 999 - 1004.