Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sector

IF 1 Q4 MANAGEMENT

Intangible Capital Pub Date : 2020-11-25 DOI:10.3926/ic.1550

V. Costa, Lurdes Silva, Loureiro Paula

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引用次数: 8

Abstract

Purpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluate and compare the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology/approach: To approach the aim of the study the method Value Added Intellectual Coefficient (VAIC TM ) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance. Findings: The paper reveals that VAIC TM , human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE).and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance. Practical implications: The application of the VAIC TM model presented in this paper provides a basis for practical application for management. Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and ﬁrm’s proﬁtability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.

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智力资本及其对企业绩效的影响:葡萄牙酒店和旅游业的实证研究

目的:本研究的提出是通过资产收益率(ROA)来确定智力资本(IC)及其组成部分对葡萄牙旅游组织经营绩效的影响。本研究从四个方面对智力资本进行了评估和比较:(i)资本使用;人力资本;(三)结构资本和(四)关系资本。设计/方法/方法:为了接近研究的目的，应用了附加智力系数(VAIC TM)方法，并通过SABI(伊比利亚资产负债表分析系统)数据库从简化商业信息(IES)中收集了实际数据。经济和金融信息是从2016年期间酒店和旅游业46.951家葡萄牙公司的资产负债表和财务报告中收集的。采用多元回归分析，确定集成电路组件对公司绩效的显著影响。研究发现:VAIC TM、人力资本效率系数(HCE)、资本利用效率系数(CEE)与人力资本效率系数(HCE)之间存在显著的关联。在葡萄牙的酒店和旅游业中，总资产回报率正相关。然而，结构资本效率系数(SCE)与盈利能力呈负相关，变量关系效率系数(RCE)与ROA之间的关系结果不存在统计学意义。实际意义:本文提出的VAIC TM模型的应用为管理的实际应用提供了基础。原创性/价值:本文代表了理解葡萄牙酒店和旅游部门的智力资本与公司盈利能力之间关系的开创性尝试，为该部门组织可持续增长中智力资本的重要性提供了可靠的建议。

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

Intangible Capital MANAGEMENT-

CiteScore

1.50

自引率

16.70%

发文量

审稿时长

33 weeks

期刊介绍： The aim of Intangible Capital is to publish theoretical and empirical articles that contribute to contrast, extend and build theories that contribute to advance our understanding of phenomena related with management, and the management of intangibles, in organizations, from the perspectives of strategic management, human resource management, psychology, education, IT, supply chain management and accounting. The scientific research in management is grounded on theories developed from perspectives taken from a diversity of social sciences. Intangible Capital is open to publish articles that, from sociology, psychology, economics and industrial organization contribute to the scientific development of management and organizational science. Intangible Capital publishes scholar articles that contribute to contrast existing theories, or to build new theoretical approaches. The contributions can adopt confirmatory (quantitative) or explanatory (mainly qualitative) methodological approaches. Theoretical essays that enhance the building or extension of theoretical approaches are also welcome. Intangible Capital selects the articles to be published with a double bind, peer review system, following the practices of good scholarly journals. Intangible Capital publishes three regular issues per year following an open access policy. On-line publication allows to reduce publishing costs, and to make more agile the process of reviewing and edition. Intangible Capital defends that open access publishing fosters the advance of scientific knowledge, making it available to everyone. Intangible Capital publishes articles in English, Spanish and Catalan.