The Importance of Intangible Assets in the Hotel Industry: The Case of Croatia and Slovenia

Autor: Jerman Mateja, Janković Sandra
Jazyk: angličtina
Rok vydání: 2018
Předmět:
Zdroj: Scientific Annals of Economics and Business, Vol 65, Iss 3, Pp 333-346 (2018)
Druh dokumentu: article
ISSN: 2501-3165
DOI: 10.2478/saeb-2018-0017
Popis: Studies show an increasing importance of intangible assets (hereinafter IA) and a positive relationship between IA and company performance. The purpose of this paper is to analyse the importance of IA for Croatian and Slovene hotel companies and to find out whether companies with a higher share of intangibles are also more profitable. The analysis is based on publicly available financial statements for the five-year period, from 2011 to 2015. The results show that the average share of IA presented in the balance sheets of the analysed hotel companies is low in both countries. Moreover, we could not find a statistically significant relationship between the share of IA and the selected financial performance indicators. The results of our study show that despite the emphasised importance of IA in literature, the publicly available financial data of the selected hotel companies provides very limited information on IA for external stakeholders.
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