Intellectual Capital Investments and Company's Profitability

Petković, Miloš; Đorđević, Milica

doi:10.28934/ea.21.54.1.pp104-117

Cited by 4 publications

(1 citation statement)

References 36 publications

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“…Authors Petković & Đorđević (2021) worked intensively on the topic of investments in intellectual capital which becomes interesting mostly because of high-level of uncertainty and riskiness of the global market. Mostly speaking, decision-makers and managers focus on short-term and immediate results that do not bring a long-term competitive advantage.…”

Section: Introductionmentioning

confidence: 99%

Relationship between investments in intellectual capital and total book value

Petković,

Đorđević

2023

EurJ Appl Econ

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In this paper the contribution of intellectual capital components in the overall intellectual capital value is investigated. This paper adopted quantitative statistical methods Lambda phase measurement and Shapley's value on the sample of 498 French companies in the period of 2008 to 2016 in order to estimate the highest and lowest contributions of intellectual capital components. For the purpose of the study, the official financial information from the companies' annual reports were taken from the financial database "Point Risk". The paper concentrates on two out of three intellectual capital components: structural and customer capital components. By the Shapley's value final result, the greatest importance has the customer capital component, which represents company's commercial activities with the coefficient of 0.29911. On the other side, the lowest importance has the structural capital component that represents value coming from research and development expenses with the coefficient of 0.07463 This study contributes to the management sciences literature by examining distribution of contribution of two intellectual capital components in the annual reports of French companies.

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Section: Introductionmentioning

confidence: 99%

Relationship between investments in intellectual capital and total book value

Petković,

Đorđević

2023

EurJ Appl Econ

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Assessing the Relationship between Corporate Social Responsibility and R&D Effectiveness of Firms

Ochirova,

Miriakov,

Dranev

et al. 2024

Global Business Review

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Practices of corporate social responsibility often generate synergetic effects and improve financial and overall firm’s performance. However, in the high-tech industries, research and development (R&D) efficiency remains a key element of development strategy, and a shift towards sustainable activities can be considered as a trade-off. This study investigates the empirical link between corporate social responsibility practices and R&D effectiveness in R&D-intensive industries. Specifically, this research assesses the impact of environmental, social, and governance information disclosure, the availability of third-party rating, and long-termism on R&D returns. We employ the Hausman–Taylor estimator to analyze three R&D-intensive industries, namely pharmaceuticals, biotechnology and software, for the period from 2012 to 2019. Empirical results show that, in general, higher values of corporate social responsibility metrics are associated with the weaker R&D returns. The findings of this research might be meaningful for managers in making informed decisions with respect to corporate social responsibility practices.

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The significance of R&D activities for managing intellectual capital of enterprises

Krstić¹,

Janjić²,

Jovanović-Vujatović³

et al. 2021

BH Ekonomski forum

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Enterprises are developing, increasing their profits, value and competitiveness based on successful synergies of human, structural and relational intellectual capital. In addition, R&D (Research and Development) has been acknowledged as a crucial contributor to the competitive advantage in today's competitive market. By performing R&D activities, companies create, develop and use intellectual resources (the knowledge of employees and managers, the knowledge contained in technology and processes), which are valorized on the market and converted into a certain value. R&D is the primary source of knowledge stored within individuals in the enterprise. The most generally used indicators of R&D outputs are patents and innovations, and very important components of structural intellectual capital. Both of these indicators are used to evaluate a company's technological strength and capabilities. The purpose of this paper is to investigate the relationships and connections between investment in R&D, the components of the intellectual capital of enterprises and the efficiency of intangible assets as visible intellectual capital and the efficiency of the total intellectual capital. This paper aims to point out the importance of performing R&D activities for managing the intellectual capital of the enterprises. Correlation and regression analysis were used for that purpose. The results of the analysis show that R&D investments are positively correlated with visible and invisible intellectual capital, and the efficiency of intangible assets, while R&D investments have a positive influence on visible and invisible intellectual capital.

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Intellectual Capital Investments and Company's Profitability

Cited by 4 publications

References 36 publications

Relationship between investments in intellectual capital and total book value

Relationship between investments in intellectual capital and total book value

Assessing the Relationship between Corporate Social Responsibility and R&D Effectiveness of Firms

The significance of R&D activities for managing intellectual capital of enterprises

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