The impacts of intellectual capital of microfinance institutions on poverty alleviation

This study examines the impact of Intellectual Capital (IC) on poverty alleviation using a panel dataset of 3,114 Microfinance Institutions (MFIs) across 120 countries from 2009 - 2018. Intellectual capital is measured using the Value Added Intellectual Coefficient (VAIC), which comprises Human Capi...

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Main Authors: Chi Tung Luong, Van Thi Cam Ho, Chi Thi Ha Dang, Anh Dinh Tuan Vu
Format: Article
Language:English
Published: HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2025-06-01
Series:Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
Subjects:
Online Access:https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/4154
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author Chi Tung Luong
Van Thi Cam Ho
Chi Thi Ha Dang
Anh Dinh Tuan Vu
author_facet Chi Tung Luong
Van Thi Cam Ho
Chi Thi Ha Dang
Anh Dinh Tuan Vu
author_sort Chi Tung Luong
collection DOAJ
description This study examines the impact of Intellectual Capital (IC) on poverty alleviation using a panel dataset of 3,114 Microfinance Institutions (MFIs) across 120 countries from 2009 - 2018. Intellectual capital is measured using the Value Added Intellectual Coefficient (VAIC), which comprises Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and relational Capital Efficiency (CEE). The study adopts the Generalized Method of Moments (GMM) as the primary estimation technique to address potential endogeneity and dynamic relationships. The findings indicate that overall intellectual capital positively and significantly affects poverty alleviation. However, the impacts of its components are mixed. While relational capital contributes positively to poverty reduction, human capital shows no statistically significant effect, and structural capital efficiency unexpectedly displays a negative association with poverty mitigation. As a result, rather than merely expanding human capital, emphasis should be placed on skill specialization to improve efficiency. Additionally, fostering gradual technological adoption and facilitating knowledge-sharing can help optimize structural capital deployment, ultimately enhancing poverty reduction outcomes.
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publishDate 2025-06-01
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series Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
spelling doaj-art-0679abd603a5449986affd0a4ab189b22025-08-20T03:41:05ZengHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEHo Chi Minh City Open University Journal of Science - Economics and Business Administration2734-93142734-95862025-06-0115516918610.46223/HCMCOUJS.econ.en.15.5.4154.20252445The impacts of intellectual capital of microfinance institutions on poverty alleviationChi Tung Luong0Van Thi Cam Ho1Chi Thi Ha Dang2Anh Dinh Tuan Vu3Foreign Trade University, HanoiForeign Trade University, HanoiForeign Trade University, HanoiForeign Trade University, HanoiThis study examines the impact of Intellectual Capital (IC) on poverty alleviation using a panel dataset of 3,114 Microfinance Institutions (MFIs) across 120 countries from 2009 - 2018. Intellectual capital is measured using the Value Added Intellectual Coefficient (VAIC), which comprises Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE), and relational Capital Efficiency (CEE). The study adopts the Generalized Method of Moments (GMM) as the primary estimation technique to address potential endogeneity and dynamic relationships. The findings indicate that overall intellectual capital positively and significantly affects poverty alleviation. However, the impacts of its components are mixed. While relational capital contributes positively to poverty reduction, human capital shows no statistically significant effect, and structural capital efficiency unexpectedly displays a negative association with poverty mitigation. As a result, rather than merely expanding human capital, emphasis should be placed on skill specialization to improve efficiency. Additionally, fostering gradual technological adoption and facilitating knowledge-sharing can help optimize structural capital deployment, ultimately enhancing poverty reduction outcomes.https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/4154intellectual capitalmicrofinancemicrofinance institutionspoverty alleviationvaic model
spellingShingle Chi Tung Luong
Van Thi Cam Ho
Chi Thi Ha Dang
Anh Dinh Tuan Vu
The impacts of intellectual capital of microfinance institutions on poverty alleviation
Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
intellectual capital
microfinance
microfinance institutions
poverty alleviation
vaic model
title The impacts of intellectual capital of microfinance institutions on poverty alleviation
title_full The impacts of intellectual capital of microfinance institutions on poverty alleviation
title_fullStr The impacts of intellectual capital of microfinance institutions on poverty alleviation
title_full_unstemmed The impacts of intellectual capital of microfinance institutions on poverty alleviation
title_short The impacts of intellectual capital of microfinance institutions on poverty alleviation
title_sort impacts of intellectual capital of microfinance institutions on poverty alleviation
topic intellectual capital
microfinance
microfinance institutions
poverty alleviation
vaic model
url https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/4154
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