The purpose of this paper is to, the first of its kind, investigate the relationship between the intellectual capital efficiency and organisational performance of the pharmaceutical sector in Bangladesh, an emerging economy that enjoys Trade-Related Aspects of Intellectual Property Rights (TRIPS) relaxation.,The study used hand-picked data from annual reports for five years. The relationship between efficient use of intellectual capital and corporate performance was examined through the practical use of human capital, structural capital and capital employed. Multiple regressions were used to assess their impact on financial performance – specifically, return on assets, return on equity, asset turnover and market-to-book value.,Value-added intellectual coefficient components (i.e. human capital, structural capital and capital employed) significantly explained asset turnover and return on assets but failed to predict the return on equity outcome. Additionally, asset turnover was negatively influenced by structural capital and positively influenced by capital employed. The return on assets was mostly affected by variation in human capital. Intellectual capital did not predict market-to-book value or investment decisions.,This paper provides useful resources for evaluating the financial performance and value creation of companies in emerging economies that enjoy TRIPS exemptions; this research could also be extended using cross-industry comparisons. The findings have theoretical and practical implications, particularly for the pharmaceutical industry in emerging economy contexts, and for managers globally.,This study is among only a few that have reported on the relationship between intellectual capital efficiency and value creation in emerging economy contexts.

中文翻译：

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智力资本效率和组织绩效

本文的目的是，首先研究孟加拉国的知识资本效率与制药业的组织绩效之间的关系。孟加拉国是一个享有与贸易有关的知识产权（TRIPS）放松的新兴经济体。 ，这项研究使用了五年来年度报告中的精选数据。通过对人力资本，结构性资本和所用资本的实际使用，考察了智力资本的有效利用与公司绩效之间的关系。多元回归用于评估其对财务绩效的影响-具体来说，是资产收益率，股本收益率，资产周转率和市值与账面价值之间的关系。结构性资本和使用的资本）在很大程度上解释了资产周转率和资产收益率，但未能预测权益收益率。此外，资产周转率受到结构性资本的负面影响，而受到所用资本的积极影响。资产收益率主要受到人力资本变动的影响。智力资本无法预测市场对账面价值或投资决策。本文为评估享有TRIPS豁免的新兴经济体的公司的财务业绩和价值创造提供了有用的资源。该研究还可以使用跨行业比较进行扩展。这些发现具有理论和实践意义，特别是对于新兴经济背景下的制药行业以及全球的管理者而言。