Intangible Capital最新文献

{"title":"How business accelerators impact startup’s performance: Empirical insights from the dynamic capabilities approach","authors":"Celia Polo García-Ochoa, Carmen De-Pablos-Heredero, F. B. Blanco Jiménez","doi":"10.3926/ic.1669","DOIUrl":"https://doi.org/10.3926/ic.1669","url":null,"abstract":"Purpose: Accelerators are seen as powerful entities that provide critical support to startups in their development. However, little is known about the acceleration practices by which they help their startups. The present study has as its aim to investigate whether business accelerators do assist their startups in the generation of their dynamic capabilities and in their performance and which processes and organizational routines of accelerators programs become effective drivers. Design/methodology/approach: Drawing from the dynamic capability perspective, this empirical research explores the impact of business acceleration programs in their startups by applying a Canonical discriminant analysis using data from 24 Spanish business accelerators. Findings: This study reveals that certain accelerators practices indeed enhance startups’ dynamic capabilities. Further, absorption, integration, and innovation capabilities had a positive influence on startups’ performance while sense the market capability showed a negative one.   These findings enable us to identify which business acceleration practices lead to better startups’ performance improvements. Research limitations/implications: This is a preliminary attempt to help in the untangling of the dynamic capability and the business incubation black box . The cross-sectional design of the study and the fact that the data was gathered from a single country and based on survey results in bias and in a limited generalization of its findings. Practical implications: This research can help decision makers’ in business accelerators to put in practice organizational mechanisms aimed to be more successful in their objectives. Originality/value: This study is pioneer to empirically analysis the relationship between business accelerators’ practices and the generation of dynamic capabilities.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"45 1","pages":"107-125"},"PeriodicalIF":1.2,"publicationDate":"2020-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74365569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sector","authors":"V. Costa, Lurdes Silva, Loureiro Paula","doi":"10.3926/ic.1550","DOIUrl":"https://doi.org/10.3926/ic.1550","url":null,"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.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"38 1","pages":"78-89"},"PeriodicalIF":1.2,"publicationDate":"2020-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78861176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"ACC and ACCID: Two Accounting Associations from Catalonia, 80 years apart","authors":"Núria Arimany-Serrat, Carme Viladecans-Riera, Pilar Morera-Basuldo","doi":"10.3926/ic.1555","DOIUrl":"https://doi.org/10.3926/ic.1555","url":null,"abstract":"Purpose: Retrospective study of associationism and accounting knowledge in Catalonia, during the period 1924-1940, through the analysis of the journal Organitzacio, published by the Associacio de Comptables de Catalunya (ACC, Catalonian Association of Accountants). Comparison between the ACC and the Associacio Catalana de Comptabilitat I Direccio (ACCID, Catalonian Association of Accounting and Management), to highlight the evolution of the accounting profession in Catalonia over the course of one century. Design/methodology: Exploratory study of each issue of the journal Organitzacio during its period of publication (1925-1938) and a review of the literature in the area being studied. Processing of the information obtained through dynamic tables, to obtain the results and conclusions of the research conducted. Exploratory comparison of the ACC and ACCID. Findings: The study highlights the work carried out by the ACC during its existence, as the driving force behind the accounting profession in Catalonia, and relations with other international associations. It also establishes a parallelism with the ACCID. Research limitations/implications:  Slow access to all the issues of the journal Organitzacio in order to create the corresponding technical files of the works collected in each journal and difficulty in finding ACC documentation in the literature review. Practical implications:  This work highlights the work of professionals in the field of accounting in the 20th and 21st centuries, showing the need for accounting regulations, continued training and internationalization to meet the demands of the business world. Social implications:  It makes professionals and scholars in the field of accounting aware of the importance of the work carried out by the ACC in the first half of the 20th century, and the harmony with the work currently carried out by the ACCID. Originality/value:  The study draws attention to the activity carried out by the ACC, unknown at the time of the founding of the ACCID, and shows that at certain times, associations of accountants have been important on a business level.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"32 1","pages":"45-60"},"PeriodicalIF":1.2,"publicationDate":"2020-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89357868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Empirical evolution of credit risk over a decade in IBEX. 35 companies and its relationship with the qualification of its ratings","authors":"J. Patau","doi":"10.3926/ic.1691","DOIUrl":"https://doi.org/10.3926/ic.1691","url":null,"abstract":"Object: The present work responds to two objectives. On the one hand, it describes the evolution of the main economic-financial indicators that influence credit risk (insolvency) for a sample of 10 Spanish companies listed on the IBEX 35. This analysis is studied for a comparative period of 10 years, which coincides with a pre-crisis stage (2002-2005) and an economic post-crisis phase (2012-2015). On the other hand, it corroborates the relationship between the analysed insolvency and the rating or credit-risk rating published for these companies by an internationally recognized credit rating agency, Standard & Poor's (S & P). Design / methodology: A sample of 10 companies and a 10-year period including the years 2002-2005 (pre-crisis) and the years 2012-2015 (post-crisis) are chosen, omitting the Spanish economic crisis that occurred in the year 2008. For the study of its evolution, 6 ratios obtained from the scientific literature that relate to credit risk and its effects on investments and company results are calculated. Finally, the correlations of these variables with the ratings of credit risk assessment by the rating agency S & P are measured. Descriptive statistics will assign value and graphics to this ten-year evolution, and with the incorporation of a factorial analysis, the correlation between the ratios and the S & P rating will be determined. The statistical analysis explains this correlation to a greater extent. Contributions / results: The results show a clear increase in the value of the impairment variable due to credit risk ten years later that directly affects the results of the companies, despite these companies having significantly reduced their investments in commercial loans pending collection and drastically reduced the period means of collection of clients. In turn, there is a clear correlation between the insolvency studied and the variables used by the S & P rating agency for the assessment of credit risk. Added value / conclusions: The empirical study concludes that there is a correspondence between insolvency and the rating given by an internationally prestigious rating agency (S & P) for the sample of 10 companies studied. Three variables – customer balance-accounts receivable, investments and the net amount of turnover – are determining factors explaining this correlation, and these three variables are the same ones that decisively influence both the pre-crisis period and the post-crisis period 10 years apart. The rating agencies weigh the insolvency variable in their analyses.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"36 1","pages":"61-77"},"PeriodicalIF":1.2,"publicationDate":"2020-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73708187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Special Issue: VIII Congress ACCID and APC","authors":"Francesc Gómez Valls","doi":"10.3926/ic.1718","DOIUrl":"https://doi.org/10.3926/ic.1718","url":null,"abstract":"The articles presented in this issue of Intangible Capital are included in of the set contributions that were submitted for the consideration of those attending the VIII ACCID Congress and APC Conference: new times, new opportunities, which held at the IQS School of Management on June 6-7, 2019, with a participation of more than 600 academics and professionals. Of the papers submitted, a total of three have been selected, which examine difference topics that are included in various disciplines involved in the general field of Accounting (Non-financial Information and Sustainability, Costs and Educations, Financial Information, Business Success and Failure, Solvency and Family Business, Sector Analysis, Accounting History, Recognition and Measurement Standards and Free Cash Flow). In each case, the work is the product of the efforts of one or more authors. All are employed by universities in Catalonia or other European universities.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"160 1","pages":"43-44"},"PeriodicalIF":1.2,"publicationDate":"2020-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73743421","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Perceptions and academic and professional aspirations of teachers-in-training: gender barriers or possibilities?","authors":"María Dolores Hidalgo Ariza, Juan Manuel Muñoz González, E. F. Hinojosa Pareja","doi":"10.3926/ic.1638","DOIUrl":"https://doi.org/10.3926/ic.1638","url":null,"abstract":"Purpose: This paper presents the results of the application of an adaptation of the \"Perceived Barriers Questionnaire\" (PBQ) (Rodriguez-Lajo, Vila and Freixa, 2008) to identify if there are gender roles and stereotypes that influence the perceptions and future expectations, both in academic and the professional spheres, of teachers-in-training at the University of Cordoba. Design/methodology/approach: The sample of the study is composed of the students enrolled in the Social Education Degree and the Masters in Inclusive Education and Teaching Staff of Compulsory Secondary Education and Baccalaureate, Vocational Training and Language Teaching at the University of Cordoba. The questionnaire was administered to 157 students. The data were subjected to descriptive analysis, comparative means, correlational and regression analysis, study of internal consistency and factorial structure through exploratory and confirmatory factor analysis. Findings: The results show, among other issues, some professional aspirations related to training rather than leadership, a greater fear of negative evaluation in women than in men and an important relationship between the perception of the gender role attributed to men and women in the workplace and their own aspirations and educational and professional expectations. Research limitations/implications: The main limitation of the study s in its sample, as it is focused only on students of careers belonging to the field of Education Sciences and, specifically, at the University of Cordoba, so it would be interesting to carry out future studies with samples wider population.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"21 1","pages":"31-42"},"PeriodicalIF":1.2,"publicationDate":"2020-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74890079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Development of the performance-potential survey for the quantitative placement of employees on the talent matrix","authors":"Alejandro González Cánovas, Juan Fernández Millán, Marina Fernández Navas, Victoria Sánchez Mas","doi":"10.3926/ic.1362","DOIUrl":"https://doi.org/10.3926/ic.1362","url":null,"abstract":"Purpose: The limited research conducted (scientific articles published in indexed journals) belies the interest that the talent matrix has in the business world. It is for this reason that the present work has been carried out, the aim of which is to create and validate a survey. The scores obtained reflect the positions of employees on the talent matrix, which will make it possible to place the evaluated subjects according to a quantitative criterion. Design/methodology: The participants were 172 employees from different companies who were evaluated by middle management.64.9% were men, and 35.1% were women. The research is framed within the “Instrumental studies” methodology, having used a non-probabilistic convenience sampling technique. Findings: An 8-item survey has been developed on which the performance, potential and total scores allow us to quantitatively place the employees in the different boxes on the talent matrix. This serves to establish the human capital of the company and to facilitate staff replacements or promotions. Practical implications: A validated instrument is provided to determine quickly and easily the talent of the human capital, on both an individual and a group level, which will permit decision-making for personnel management. Social implications: The use of a quantitative instrument improves the perception of fairness on the part of businesses, and therefore improves the organizational climate. Originality/value: The research is aimed and we believe would be of interest to Human Resource professionals, since it provides them with a tool that can be used to evaluate the talent of employees.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"21 1","pages":"1-13"},"PeriodicalIF":1.2,"publicationDate":"2020-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76530256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of the audit in the prevention and detection of corruption events: Evidence of the 2016 Rio Olympic Games","authors":"L. Furtado, Tatiane Antonovz, B. Peixe, M. Corrêa","doi":"10.3926/ic.1360","DOIUrl":"https://doi.org/10.3926/ic.1360","url":null,"abstract":"Purpose: The aim of this research is to analyze the actions related to evidences of corruption practices in the light of the Public Choice Theory, from the opportunism point of view. As a focus of investigated policy, the study was focused to the Rio 2016 Olympic Games held in Brazil. Design/methodology/approach: The analyzed data were the audit reports issued by the Comptroller General of Brazil (CGU) and the news published by The Guardian and Le Monde, both from 2009 to 2016. This information passed through content analysis and the software was the Nvivo. Findings: Regarding the audit reports, from 41 units, 17 presented inconsistencies about the bidding process or execution after such procedure, and in some cases concomitantly, that indicates corruption practices. Changing to the news, 34 from a sample of 38 units were analyzed. Research limitations/implications: Notes related to non-opening of contracting processes, exemptions from bidding, use of invitation letter in an inappropriate manner, lack of competition among companies in the market, subcontracting of companies by contracted ones, which disqualified the bidding process, favoritism among other irregularities pointed out for possible corruption practices. Originality/value: These documents presented actions related to bribes, illegalities in bidding processes and investigations related to politics in Brazil, corroborating the Public Choice Theory regarding opportunistic practices of managers in the primacy for one policy over others.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"14 1","pages":"14-30"},"PeriodicalIF":1.2,"publicationDate":"2020-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81719458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Internal corporate social responsibility and organizational creativity: An empirical study of Vietnamese small and medium-sized enterprises","authors":"N. Nguyen, Phong Tuan Nham, Yoshi Takahashi","doi":"10.3926/ic.1382","DOIUrl":"https://doi.org/10.3926/ic.1382","url":null,"abstract":"Purpose: The present study aims to investigate the relationship between internal corporate social responsibility (CSR), a type of CSR particularly for employees within organizations, and two types of innovation, that is, exploratory and exploitative innovation. The focus is on the mediating effects of affective commitment, knowledge sharing, and organizational creativity within the relationship. Design/methodology/approach: This study’s data were collected in Vietnam via questionnaire survey. Regarding survey administration, first, we chose the five biggest universities, which specialize in economics and business in Hanoi. Then, from those universities, we randomly selected graduate classes whose students are full-time employees in various companies around Hanoi. The questionnaire included multi-items designed to measure factors. Each item was measured by 5 point Likert scale: 1 (strongly disagree) to 5 (strongly agree). Among 750 distributed questionnaires, 252 were returned. After screening and deleting those questionnaires with missing information or those from large companies, 212 remained for further investigation, representing 28.3% of the valid response rate. There are 130 manufacturing companies and 82 non-manufacturing companies in this sample. For the statistical analysis of the data, we follow the three-step procedure of exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modeling. Findings: This study successfully tests the empirical relationship between internal CSR and innovation by introducing the mediating effects of knowledge sharing, affective commitment, and organizational creativity. In other words, the results support our hypotheses that predict positive mediating effects, except for the relationship between training and development as one aspect of internal CSR and affective commitment, although training and development have an indirect relationship with innovation through knowledge sharing and, in turn, organizational creativity. Originality/value: The study contributes to the literature on internal CSR, especially because it provides the new empirical evidence for the relationship between internal CSR and innovation, which has been vague in academic research up to now. In particular, by incorporating knowledge sharing, affective commitment, and organizational creativity, the relationship becomes clearer, more reliable, and comprehensive. We emphasize that the factors concerned are relevant to the case of small and medium-sized enterprises in developing countries, because they often face difficulties implementing external CSR due to resource constraints.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"40 1","pages":"208-223"},"PeriodicalIF":1.2,"publicationDate":"2020-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73114547","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of high-performance people management practices in Industry 4.0: the case of medium-sized Spanish firms","authors":"Daniel Llinas, Jesús Abad","doi":"10.3926/ic.1485","DOIUrl":"https://doi.org/10.3926/ic.1485","url":null,"abstract":"Purpose: This paper wants to build the case for the key role of high-performance people management practices in the development of I4.0 in SMEs. The research upon which this paper is based wants to prove that the consolidation of those practices should be a priority for any company willing to embark in this journey. The paper deals specifically with medium-sized Spanish firms which, on top, are already having significant issues with digitization. Design/methodology/approach: The paper starts by digging into the literature to see how past technologies have impacted productivity, followed by a review of the material available on digitization and Industry 4.0. It moves on to explore the relationship between people management practices, productivity and innovation. Finally, the focus is placed on Spanish medium-sized companies, understanding their current levels of consolidation of high-performance people management practices as well as digitization. With all this information, several propositions are posited for validation using the Delphi methodology. Findings: I4.0 is, at its core, about productivity improvements through business process and business model innovation. People management practices are found to be strongly correlated with both productivity and innovation. It has also been found that Spanish medium-sized firms already have a significant initial gap compared to those of other OECD countries not only in productivity, but also people management practices and digitization. The experts seem to agree on the key role of people management practices and that they should be a high priority for any firm seriously thinking about industry 4.0.  This is not to say that strategy or leadership will not play a paramount role in any digital transformation, but to emphasize the fact that the normally-forgotten people management practices will be important enablers in this process. Originality/value: It is believed that  this is a topic that has been mostly neglected in the I4.0 literature. In that sense, the findings of this paper could be relevant for small and medium-sized businesses embarking on the industry 4.0 journey. This will entail a significant investment of time and money and, if the key role of people management practices is not on the radar screen, it may have significant implications for the success of those ventures.","PeriodicalId":45252,"journal":{"name":"Intangible Capital","volume":"20 1","pages":"190-207"},"PeriodicalIF":1.2,"publicationDate":"2020-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88880331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}