Intangible Assets and Their Impact on Economic Performance

Bavdaž, Mojca; Caloghirou, Yannis; Dimitrić, Mira; Πρωτόγερου, Αιμιλία

doi:10.15458/2335-4216.1308

Cited by 2 publications

(1 citation statement)

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“…The results confirm the findings of other research examining the motives for investing in intangible capital and digitalisation -either separately or jointly (Gruber, 2017;Škare and Soriano, 2021;Bavdaž et al, 2022;Andersson, Kusetogullari and Wernberg, 2023). Decisions to invest in intangibles are shown to be significantly influenced by competitive pressures.…”

Section: Discussionsupporting

confidence: 86%

Going digital and intangible: intangible investments effects on a company’s success

Erjavec

2023

Ekonomista

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Artykuł przedstawia empiryczną analizę czynników sukcesu warunkowanych przez kapitał niematerialny, w tym informacje oparte na systemach komputerowych, jako głównych motywatorów rozwoju cyfrowego opartego na wiedzy. Dane do analizy zostały zebrane za pomocą ankiety dotyczącej inwestycji w kapitał niematerialny i technologie cyfrowe. Do oszacowania modelu wykorzystano pakiet Stata SEM. Na podstawie uzyskanych wyników można stwierdzić, że inwestowanie w kapitał niematerialny ma pozytywny wpływ na sukces firmy w porównaniu z osiągnięciami konkurencji, a inwestowanie w aktywa niematerialne w połączeniu z elastycznością biznesową umożliwia szybkie reagowanie na presję konkurencyjną i poprawę wyników biznesowych. Firmy, które działają na wysoce konkurencyjnych rynkach, gdzie kapitał niematerialny jest kluczowym czynnikiem sukcesu, powinny skoncentrować się na inwestowaniu w wartości niematerialne i prawne podczas projektowania swoich strategii biznesowych.

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Section: Discussionsupporting

confidence: 86%

Going digital and intangible: intangible investments effects on a company’s success

Erjavec

2023

Ekonomista

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Analysis of intangible assets reporting standards and automation in KSA within an Islamic context – a case study

Bamhdi

2024

JIABR

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Purpose This paper aims to the significance of intangible assets in boosting financial credibility and accounting transparency in Saudi Arabia and other Islamic countries, aligning with Saudi Vision 2030. Moreover, it articulates the indispensable role of information and communication technology (ICT), including cutting-edge technologies such as artificial intelligence (AI) and blockchain, inefficaciously mitigating manual challenges while safeguarding the authenticity and reliability of financial information. Design/methodology/approach This study examines relevant literature on national and international standards to define the significance of intangible assets within conventional and Islamic Shari’ah principles in the Kingdom of Saudi Arabia (KSA). It delves into how automation technologies can improve accuracy and verifiability in reporting intangible assets while adhering to Islamic Shari’ah Compliance (ISC) principles, providing valuable insights into standardization and automation benefits. Findings The study highlights that ISC laws affect intangible asset reporting. Integrating conventional accounting principles with ISC is necessary to establish a unified international standard. Adopting ICT, AI and blockchain is crucial for automating and ensuring consistent, verifiable reporting of intangible assets. Research limitations/implications This case study highlights the importance of intangible assets in KSA, but its findings require validation through workshops with scholars, stakeholders and policymakers to ensure broader acceptance and applicability beyond the specific context. Practical implications This study provides guidance on using AI, blockchain and other ICT tools to ensure accurate financial reporting by validating and verifying intangible assets, benefiting stakeholders, policymakers, accountants, auditors and ISC professionals. Originality/value This study underscores the importance of reporting intangible assets according to Islamic principles in KSA, with relevance to other Islamic countries. Promoting International Financial Reporting Standards and Saudi Organization for Certified Public Accountants standards enhances accurate reporting and supports Saudi Vision 2030 goal of boosting global investment and trade.

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Intangible Assets and Their Impact on Economic Performance

Cited by 2 publications

References 0 publications

Going digital and intangible: intangible investments effects on a company’s success

Going digital and intangible: intangible investments effects on a company’s success

Analysis of intangible assets reporting standards and automation in KSA within an Islamic context – a case study

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