Intellectual capital and profitability: a firm value approach in the European companies

Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/12154

Autoria:	Martins, M. M. Lopes, I. T.
Data:	2016
Título próprio:	Intellectual capital and profitability: a firm value approach in the European companies
Volume:	17
Número:	3
Paginação:	234 - 242
ISSN:	1648-0627
DOI (Digital Object Identifier):	10.3846/btp.2016.673
Palavras-chave:	Intellectual capital Intangibles Degree of intangibility Profitability Return on equity Return on assets Return on capital employed Return on sales Tobin’s Q
Resumo:	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.
Arbitragem científica:	yes
Acesso:	Acesso Aberto
Aparece nas coleções:	BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica