Mamun, Syed A.Jheel, Narvin Meherun2026-05-052026-05-0520252025-09ID 22275004http://hdl.handle.net/10361/28184Cataloged from PDF version of thesis.Includes bibliographical references (pages 47-56).This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2025.This study examines the impact of intellectual capital (IC) as a strategic asset and corporate governance on firm performance in Bangladesh's manufacturing sector from 2018 to 2024. Utilizing an unbalanced panel of 101 listed firms (678 firm-year observations), the analysis employs the Value Added Intellectual Coefficient (VAIC) model and a two-step system GMM estimator to address endogeneity. The findings reveal that intellectual capital efficiency has a significant positive effect on Return on Assets (ROA), underscoring its role as a key driver of operational performance. However, this relationship is not consistently observed for Return on Equity (ROE). Furthermore, institutional ownership strengthens firm performance, while board independence negatively moderates the IC-performance link. The study concludes that intellectual capital is a critical strategic resource, but its effectiveness is contingent on specific governance structures and the chosen performance metric.56 pagesenBRAC University theses are protected by copyright. This may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission.Strategic assetIntellectual capitalCorporate governanceFirm performanceEmerging marketsBangladeshCorporate governance--Bangladesh.Organizational effectiveness.Strategic planning.Bangladesh--Economic conditions--21st century.Thesis