The purpose of this study is to empirically investigate the relationship between intellectual capital and corporate governance of Oman's financial sector companies. Intellectual capital has been found to successfully contribute to the economic wealth creation of firms in germane literature. Unfortunately, financial statements do not necessarily capture and reflect the contributions of intellectual capital, thereby leading to an information asymmetry between companies and users of financial statements. The research also investigates the relationship between corporate governance and intellectual capital efficiency across various financial subsectors.,Data are collected from annual reports available on Muscat Securities Market for 31 listed financial sector companies for the period 2012 to 2016 and analyzed using a multiple regression model. Intellectual capital is measured using Pulic's efficiency measure of value-added intellectual coefficient (VAIC). Corporate governance individual components such as board characteristics, audit committee characteristics and ownership structure are presented as independent variables.,The findings suggest that board size and frequency of audit committee meetings have a significant association with the intellectual capital efficiency of Oman's financial sector. VAIC and human capital efficiency of banks are also significantly influenced by most of the corporate governance mechanisms; however, other subsectors do not report such findings. Corporate governance of banks in comparison to other subsectors effectively engages in utilizing the potential of intellectual capital efficiency. Agency theory and resource dependency theory find limited support as a result of this study. The GMM results are not robust to the alternative instruments.,The sample size is small as the study is limited to the listed financial sector of Oman. Future studies can be extended to include all of Oman's or GCC’s listed companies. Additionally, the intellectual capital is measured using the construct of VAIC which suffers some limitations and can be overcome using other tools such as content analysis.,The findings of this study suggest that Oman's regulators can create an awareness strategy on highlighting the importance of intellectual capital for companies (board of directors and managers), investors, debtors and creditors. Further, Oman's Capital Market Authority and Muscat Securities Market need to strengthen the regulations related to intellectual capital.,This study extends intellectual capital and corporate governance literature by presenting the research outcome for Oman's financial sector. It is useful for Oman's financial sector companies to direct corporate governance measures for driving value creation of firms through the management of intellectual capital efficiency.

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智力资本与公司治理：对阿曼金融业公司的评估

本研究的目的是对阿曼金融部门公司的智力资本与公司治理之间的关系进行实证研究。人们发现，智力资本已成功地促进了德国文学中企业的经济财富创造。不幸的是，财务报表不一定能捕获和反映智力资本的贡献，从而导致公司与财务报表使用者之间的信息不对称。该研究还调查了各个金融子行业的公司治理与智力资本效率之间的关系。数据摘自马斯喀特证券市场上31家上市金融行业公司2012年至2016年的年度报告，并使用多元回归模型进行了分析。智力资本是使用Pulic的增值智力系数（VAIC）效率度量来衡量的。公司治理的各个组成部分，例如董事会特征，审计委员会特征和所有权结构，均作为独立变量给出。研究结果表明，董事会规模和审计委员会会议的频率与阿曼金融业的智力资本效率有着显着的关联。银行的VAIC和人力资本效率也受到大多数公司治理机制的显着影响；但是，其他子行业没有报告这些发现。与其他子行业相比，银行的公司治理有效地利用了智力资本效率的潜力。这项研究的结果是代理理论和资源依赖理论的支持有限。GMM结果对替代工具并不可靠。由于该研究仅限于阿曼上市的金融部门，因此样本量很小。未来的研究可以扩展到包括阿曼或海湾合作委员会的所有上市公司。此外，使用VAIC的结构来衡量智力资本是有一定局限性的，并且可以使用诸如内容分析之类的其他工具来克服。这项研究的结果表明，阿曼的监管机构可以制定意识战略来强调智力资本的重要性适用于公司（董事会和经理人），投资者，债务人和债权人。此外，阿曼 首都市场管理局和马斯喀特证券市场需要加强与智力资本有关的法规。本研究通过介绍阿曼金融部门的研究成果，扩展了智力资本和公司治理文献。对于阿曼的金融部门公司而言，指导公司治理措施以通过管理智力资本效率来驱动公司的价值创造非常有用。