Intellectual Capital Dynamics In The Indian Iron And Steel Sector: Catalysts For Corporate Sustainable Growth

Abstract

The Indian Iron and Steel Industry's growth, fuelled by abundant raw materials like iron ore and cost-effective labour, positions the sector as a significant contributor to India's manufacturing output. This study, conducted over five years (2019-2023), focuses on the top five iron and steel companies listed on the national stock exchange, chosen based on market capitalization. Employing panel data analysis, the research explores the impact of intellectual capital and its components on corporate sustainable growth within the Indian Iron and Steel Industry. The study reveals that intellectual capital significantly influences corporate sustainable growth, with human and structural capital emerging as the most influential factors compared to physical and relational capital. This insight serves as a valuable resource for Indian corporate managers, justifying investments in intellectual capital resources. The findings contribute to the scholarly discourse providing relevant insights for industry practitioners and policymakers.