Impact of intellectual capital on financial competitiveness in context of listed Indian healthcare enterprises

Purpose This study aims to determine impact of Intellectual Capital (IC) and its constituents in impacting Financial Competitiveness (FC) of Standard & Poor’s Bombay Stock Exchange Healthcare index constituents for years 2013–2023. Design/methodology/approach This research work used Modified Value-Added Intellectual Coefficients model to gauge IC, whilst an index has been used to apprehend alterations in FC of enterprises. Generalised method of moments (GMM) model was used to determine association between IC and FC of these enterprises. Findings Results demonstrated that IC in entirety had a notable role in FC of healthcare firms. Results showed that human and relational capital had an affirmative role, while structural capital, capital employed and innovation capital had adverse roles in competitiveness. Research limitations/implications This study provides important contributions to academicians, researchers, management, directors and policymakers by equipping them for preparing a roadmap for future performances. Outcomes imply that IC and its segments must be efficaciously managed in the highly knowledge intensive and intricately interconnected healthcare sector, to establish greater competitive acumen thereby rendering improved and superior results. Originality/value This work focusses in lesser researched Indian healthcare sector, scrutinising association between IC efficiency and FC for years 2013–2023.