Intellectual capital and profitability: a firm value approach in the European companies
Intangibles are, at a knowledge-based economy, the most important resources, driving companies towards systematic and sometimes unexpected returns. This paper follows a positivist approach and aims to investigate the association between the degree of intangibility, value of firms and their profitabi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2016-09-01
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| Series: | Business: Theory and Practice |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/BTP/article/view/8225 |
| _version_ | 1827365227102994432 |
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| author | Maria Manuela Martins Ilídio Tomás Lopes |
| author_facet | Maria Manuela Martins Ilídio Tomás Lopes |
| author_sort | Maria Manuela Martins |
| collection | DOAJ |
| description | Intangibles are, at a knowledge-based economy, the most important resources, driving companies towards systematic and sometimes unexpected returns. This paper follows a positivist approach and aims to investigate the association between the degree of intangibility, value of firms and their profitability. Based on the 500 largest European companies, rated by Financial Times, the most relevant insights emerge from the association between firms’ knowledge intensity level and its degree of profitability. These insights consolidate the evidences that immaterial resources act as drivers of future benefits and are embodied on firms’ profitability ratios. |
| first_indexed | 2024-03-08T08:25:13Z |
| format | Article |
| id | doaj.art-215aa4f9bfd146ccbf2381dd6d9b4fc4 |
| institution | Directory Open Access Journal |
| issn | 1648-0627 1822-4202 |
| language | English |
| last_indexed | 2024-03-08T08:25:13Z |
| publishDate | 2016-09-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Business: Theory and Practice |
| spelling | doaj.art-215aa4f9bfd146ccbf2381dd6d9b4fc42024-02-02T04:42:48ZengVilnius Gediminas Technical UniversityBusiness: Theory and Practice1648-06271822-42022016-09-0117310.3846/btp.2016.673Intellectual capital and profitability: a firm value approach in the European companiesMaria Manuela Martins0Ilídio Tomás Lopes1Instituto Universitário de Lisboa (ISCTE-IUL)Instituto Universitário de Lisboa (ISCTE-IUL)Intangibles are, at a knowledge-based economy, the most important resources, driving companies towards systematic and sometimes unexpected returns. This paper follows a positivist approach and aims to investigate the association between the degree of intangibility, value of firms and their profitability. Based on the 500 largest European companies, rated by Financial Times, the most relevant insights emerge from the association between firms’ knowledge intensity level and its degree of profitability. These insights consolidate the evidences that immaterial resources act as drivers of future benefits and are embodied on firms’ profitability ratios.https://journals.vgtu.lt/index.php/BTP/article/view/8225intellectual capitalintangiblesdegree of intangibilityprofitabilityreturn on equityreturn on assets |
| spellingShingle | Maria Manuela Martins Ilídio Tomás Lopes Intellectual capital and profitability: a firm value approach in the European companies Business: Theory and Practice intellectual capital intangibles degree of intangibility profitability return on equity return on assets |
| title | Intellectual capital and profitability: a firm value approach in the European companies |
| title_full | Intellectual capital and profitability: a firm value approach in the European companies |
| title_fullStr | Intellectual capital and profitability: a firm value approach in the European companies |
| title_full_unstemmed | Intellectual capital and profitability: a firm value approach in the European companies |
| title_short | Intellectual capital and profitability: a firm value approach in the European companies |
| title_sort | intellectual capital and profitability a firm value approach in the european companies |
| topic | intellectual capital intangibles degree of intangibility profitability return on equity return on assets |
| url | https://journals.vgtu.lt/index.php/BTP/article/view/8225 |
| work_keys_str_mv | AT mariamanuelamartins intellectualcapitalandprofitabilityafirmvalueapproachintheeuropeancompanies AT ilidiotomaslopes intellectualcapitalandprofitabilityafirmvalueapproachintheeuropeancompanies |