Intellectual capital and its impacts on SMEs profitability during COVID-19 pandemic

Autor:	Lenka Papíková, Mário Papík
Rok vydání:	2022
Předmět:	Marketing Organizational Behavior and Human Resource Management Economics and Econometrics Strategy and Management Business and International Management Finance
Zdroj:	Journal of Eastern European and Central Asian Research (JEECAR). 9:521-531
ISSN:	2328-8280 2328-8272
DOI:	10.15549/jeecar.v9i3.894
Popis:	This study aims to examine the relationship between intellectual capital and profitability in the pre-COVID-19 period and its change during the pandemic, focusing on Slovak small and medium enterprises (SMEs). The novelty of this study is the analyses of the crisis period conducted on a sector level via linear mixed-effects models in a Central and Eastern European country. The data sample consisted of 24,351 Slovak small and medium enterprises. This study assumes a positive relationship between profitability and company size, age, capital employed efficiency, and structural and human capital efficiency during the pre-COVID-19 year. Companies with higher value-added intellectual coefficient (VAIC) scores achieved higher values of profitability in both return on assets (ROA) and return on equity (ROE). The results also show that structured capital and capital employed efficiencies negatively impacted company profitability during 2020. On a sector level, the pandemic hit the following sectors the most: tourism and gastronomy and gambling due to various restrictions and closures.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4de1e41218f857d4a5d74171a18665aa https://doi.org/10.15549/jeecar.v9i3.894 Zobrazit plný text záznamu