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Keywords: Tobin’s Q ratio
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Journal of Intellectual Capital (2025) 26 (5): 1106–1121.
Published: 08 September 2025
... a significant and positive impact of ICDL on the firms’ value through maximizing Tobin’s Q ratio (TQ) and minimizing weighted average cost of capital (WACC) (finance cost). Research limitations/implications This study helps managers to measure the importance of ICDL and accordingly to make the disclosure...

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