Acceleration effect of intangibles in the recovery of corporate performance after-crisis

Autor:	Carlos María Fernández-Jardón, Angel Barajas, Elena Shakina
Rok vydání:	2017
Předmět:	Exploit 05 social sciences Acceleration Relational capital Market value added 0502 economics and business Business Management and Accounting (miscellaneous) Business 050207 economics Marketing Empirical evidence 050203 business & management Finance Industrial organization
Zdroj:	Research in International Business and Finance. 42:1115-1122
ISSN:	0275-5319
DOI:	10.1016/j.ribaf.2017.07.046
Popis:	This study explores the recovery in the Market Value Added (MVA) of European companies after the recent global economic crisis in 2008–2009. It introduces empirical evidence that intangible-intensive strategy in human and relational capital reinforces speed of the after-crisis correction for companies. Based on a panel dataset of more than 1600 listed corporations this research aims to discover drivers of Market Value Added trends in 2011–2013. The established results contribute to the understanding of the advantages that companies can exploit for the recovery after systematic shocks of markets. Our study demonstrates that intangible-intensive strategy not always enabled faster recovery speed. Meanwhile, it provided year-to-year acceleration of MVA growth after crisis.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::af3592921fc160b5be391648cdc2ab3e https://doi.org/10.1016/j.ribaf.2017.07.046 Zobrazit plný text záznamu Full Text from ScienceDirect