The objective of the study is to empirically verify impacts of intellectual capital to the anticipated future sales of small and medium-sized companies within biotechnology industry. Intellectual capital is divided into the following three categories: human, structural, and relational capital....

This study analyzes the question how the intellectual capital (IC) of a company affects its financial capital structure. To this end we consecutively apply the methods of factor and regression analyses on a sample of 65 small and medium sized Finnish biotechnology companies. Based on the results...