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The study<jats:sup>\u2019<\/jats:sup>s objective is to explore the nonlinear effect of IC and its components on financial performance (FP) of China<jats:sup>\u2019<\/jats:sup>s listed shipping companies over a six\u2010year period (2014\u20132019). The modified Value Added Intellectual Coefficient (MVAIC) model is used to systematically assess IC. The empirical results show an inverted U\u2010shaped relationship between the aggregate IC and FP (measured through return on assets). Regarding IC components, human, relational, and innovation capitals have an inverted U\u2010shaped relationship with FP, while the quadratic relationship between structural capital and FP is not significant. In addition, physical capital has a U\u2010shaped relationship with FP. This study will offer some new insights for corporate managers to improve firms<jats:sup>\u2019<\/jats:sup> FP by effectively utilizing their IC resources.<\/jats:p>","DOI":"10.1155\/2021\/9004907","type":"journal-article","created":{"date-parts":[[2021,8,10]],"date-time":"2021-08-10T23:20:10Z","timestamp":1628637610000},"update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":14,"title":["Exploring the Nonlinear Effect of Intellectual Capital on Financial Performance: Evidence from Listed Shipping Companies in China"],"prefix":"10.1155","volume":"2021","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-0350-5202","authenticated-orcid":false,"given":"Jian","family":"Xu","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-0754-0232","authenticated-orcid":false,"given":"Yi","family":"Zhang","sequence":"additional","affiliation":[]}],"member":"311","published-online":{"date-parts":[[2021,8,10]]},"reference":[{"key":"e_1_2_11_1_2","volume-title":"Intellectual Capital: Realizing Your Company\u2019s True Value by Finding its Hidden Brainpower","author":"Edvinsson L.","year":"1997"},{"key":"e_1_2_11_2_2","volume-title":"Intellectual Capital. 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