Intellectual capital and profitability in European football clubs

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2015-05-12 DOI:10.1504/IJAAPE.2015.068862

Panagiotis E. Dimitropoulos, Evangelos P. Koumanakos

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引用次数: 17

Abstract

The scope of this study is to examine the impact of intellectual capital on the profitability of European listed football clubs which are characterised as a human intensive industry. Selecting a sample from nine European countries over the period 2005-2010, the paper incorporates panel data methodologies in order to examine the impact of intellectual capital (measured via the value added intellectual coefficient - VAIC) on the financial performance of listed football clubs. Evidence indicates a positive association between intellectual capital and profitability. Specifically, the human capital efficiency indicator presents the most significant association with profitability, suggesting that managers who spent more on their employees (players, technical staff, etc.) add higher value to the organisation which leads to enhanced financial performance. This study can provide the impetus for managers and regulators to consider the management and reporting of IC components on a regular basis as an additional tool for alleviating the immense financial problems of European football clubs.

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欧洲足球俱乐部的智力资本和盈利能力

本研究的范围是考察智力资本对欧洲上市足球俱乐部盈利能力的影响，这些俱乐部的特点是人力密集型产业。本文选取了2005-2010年期间来自9个欧洲国家的样本，采用面板数据方法来检验智力资本(通过智力增值系数- VAIC衡量)对上市足球俱乐部财务绩效的影响。有证据表明，智力资本与盈利能力之间存在正相关关系。具体来说，人力资本效率指标与盈利能力的关联最为显著，这表明在员工(球员、技术人员等)身上花费更多的管理者为组织增加了更高的价值，从而提高了财务绩效。这项研究可以为管理者和监管机构提供动力，将定期管理和报告IC组件作为缓解欧洲足球俱乐部巨大财务问题的额外工具。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.