This study aims to explore the relationship between top management characteristics and intellectual capital (IC) performance of small companies.
This research offers an empirical investigation into a unique sample of 135 small Italian companies, which have been recognised as meeting legal values. This study uses a regression analysis to test whether CEO age, CEO connections and management team size affect IC performance.
Companies managed by CEOs with higher levels of connections and with a greater number of managers exhibit improved IC performance. In addition, this study provides evidence that companies with older CEOs demonstrate better IC efficiency.
This study does not consider all top management-specific factors and incentives that may affect IC performance and uses a limited sample of companies.
This study suggests that increased network activity and larger management teams are beneficial for small companies to improve the efficiency of IC used.
The work offers novel empirical evidence to understand what governance and management-specific factors affect the efficiency in managing IC assets in small companies.
