A unique dataset is exploited to provide insight into the impact of management quality practices (MQPs) on corporate social responsibility (CSR) for a sample of US manufacturing firms. Our results ...suggest that MQPs are positively and significantly related to a firm's CSR rating. This confirms that intangible assets affect corporate outcomes. We also show that superior MQPs matter more in explaining the CSR dimensions that are related directly to the firm's primary stakeholders.
Drawing on more than 60,000 multinational parents and their over 100,000 foreign subsidiaries in the period from 2008 to 2016, we find that subsidiary profitability is higher when the subsidiary ...operates in the digital sectors, and this finding is robust from different specifications. Moreover, we present evidence that the role of digital sector affiliation in fostering subsidiary performance is contingent upon the entry mode choice. More specifically, the performance of digital subsidiaries is higher when subsidiaries are the joint ventures with local companies than when they are the joint ventures with other foreign companies; such joint venturing creates greater value relative to wholly-owned subsidiaries. Additionally, we find that the value of parent intangible assets on subsidiary performance is bigger when the subsidiary is in the digital, rather than non-digital, sectors.
•Foreign subsidiary profitability is higher when it operates in the digital sector•The performance of digital subsidiaries is influenced by the entry mode choice•The intangible assets of parent companies play an important role for digital subsidiaries•Drawing on over 100,000 foreign subsidiaries, we find support for our hypotheses
Purpose - The purpose of this study is to conduct a scientometric analysis of the body of literature contained in 11 major knowledge management and intellectual capital (KM IC) peer-reviewed ...journals.Design methodology approach - A total of 2,175 articles published in 11 major KM IC peer-reviewed journals were carefully reviewed and subjected to scientometric data analysis techniques.Findings - A number of research questions pertaining to country, institutional and individual productivity, co-operation patterns, publication frequency, and favourite inquiry methods were proposed and answered. Based on the findings, many implications emerged that improve one's understanding of the identity of KM IC as a distinct scientific field.Research limitations implications - The pool of KM IC journals examined did not represent all available publication outlets, given that at least 20 peer-reviewed journals exist in the KM IC field. There are also KM IC papers published in other non-KM IC specific journals. However, the 11 journals that were selected for the study have been evaluated by Bontis and Serenko as the top publications in the KM IC area.Practical implications - Practitioners have played a significant role in developing the KM IC field. However, their contributions have been decreasing. There is still very much a need for qualitative descriptions and case studies. It is critically important that practitioners consider collaborating with academics for richer research projects.Originality value - This is the most comprehensive scientometric analysis of the KM IC field ever conducted.
Employee treatment is an important but challenging element of corporate environmental, social, and governance policies. Satisfying employee needs can increase corporate productivity, but is also ...costly to shareholders. Using unique data of Chinese publicly listed firms, we show that having satisfied employees is valuable to the firm. Specifically, firms with higher employee satisfaction scores withstand COVID-19 better, in terms of stock market performance. Such an effect is more pronounced for firms with more intangible assets and in knowledge-based industries. Moreover, higher employee satisfaction scores predict better operating performance. While not fully revealed in tranquil times, the effect of employee satisfaction is materialized when the firms experience negative shocks, such as COVID-19. Our findings suggest that firms can do well in crisis periods by doing good in normal times.
Extant literature has examined intangible assets at firm and macro-levels but lacks their comprehensive analysis at territorial level. Yet, large discrepancies exist between regions, which cannot be ...attributed to micro-level variations alone, or observed from a higher level of aggregation to countries. We examine regional economic implications of intangible capital focusing on different sets of regional intangible assets. We build a combined dataset at the European regional level and perform spatial regression analysis accounting for cross-region interdependence. Results indicate significant effects of intangibles and the importance of their complementary relationships for regional development. Implications for research and policy making are derived.
PurposeThe purpose of this study is to find evidence of the impact of intellectual capital on firm value, and, in turn, enhance the existing literature which lacks consensus on it. By employing some ...distinctive proxies for human capital, innovation capital, customer capital and process capital, this study might provide valuable information for firms to make strategic decisions.Design/methodology/approachThis study uses Tobin's Q to represent firm value and various variables to be the proxies for intellectual capitals. By utilizing firm-year observations, this study applies panel data models first, and then Petersen regression models for further investigation to enhance the robustness of the empirical results.FindingsFirm value is affected positively by the average net profit per employee as well as goodwill and intangible assets. This is because firms having employees with abundant knowledge will possess advantage for innovation, and the excellent reputation, a part of goodwill for oriental firms, would encourage people to consume and invest more.Research limitations/implicationsThe constraint of data resource is the main limitation. With the limited scales and as an emerging market of Taiwan Stock Exchange, it is not confirmed whether the results are appropriate for the developed markets. Nevertheless, firms should make efforts on developing intellectual capital and corporate governance for operating businesses with competitiveness and safety.Originality/valueSince capable employees enhance the innovation, innovation improves customer's satisfaction and good customer relationship increases the sales; this study illustrates that for expanding businesses, firms should make more efforts on developing intellectual capital.
The Indonesian government and several other non-profit organizations have received many foreign grants, one of which is the Global Fund AIDS Tuberculosis and Malaria (GFATM) grant. As an institution ...that receives a Sub Recipient TB Care of ‘Aisyiyah East Java grant, it has an absolute obligation to account for the funds received, one of which is an accountable financial report. However, achieving accountability is not easy, you have to go through a long process with strict terms and conditions from donors. Because this sometimes makes institutions and even providers of financial reports such as accountants feel bored and accountability is increasingly difficult to realize. Factors of human resources, tasks and the environment are the benchmarks for an accountant of foreign grants to have a strong view of the perception of accountability. The purpose of this study is to determine the perception of accountants in assessing financial statement accountability as an expense or an asset. This study uses a qualitative method with an emphasis on interviews. The results of the study show that the accountability of financial statements is considered an intangible asset because apart from the benefits of funds for the beneficiaries of the grant, there are also non-financial benefits for the implementers of the grant, including the financial staff. The finance staff not only benefited from intangible wealth in improving the quality of the accounting field, but also gained a general understanding of TB health and extensive networking with various sectors.
ABSTRACT
This study adopts a two‐step approach to highlight the disclosure quality channel that drives economic consequences of IFRS adoption. This approach helps address the identification challenge ...noted by prior research and offers direct evidence on the role of disclosure quality. In the first step, we document the impact of the IFRS mandate on changes in disclosure quality proxied by the granularity of line item disclosure in financial statements. We find that IFRS‐adopting firms provide more disaggregated information upon IFRS adoption, such as more granular disclosure of intangible assets and long‐term investments on the balance sheet and greater disaggregation of depreciation, amortization, and nonoperating income items on the income statement. In the second step, we link the observed disclosure changes to the benefits and costs of IFRS adoption. We show that greater disaggregated information due to IFRS adoption enhances market liquidity and decreases information asymmetry, but does not affect audit fees differentially. Our evidence has implications for standard setters as they evaluate cost‐benefit trade‐offs when considering disclosure changes in the future.
RÉSUMÉ
Conséquences économiques de l'adoption des IFRS : le rôle des changements dans la qualité de l'information
Les auteurs adoptent une méthode en deux étapes afin de mettre en lumière le vecteur de qualité de l'information qui induit les conséquences économiques de l'adoption des IFRS. Cette méthode contribue à résoudre la difficulté d'identification signalée par recherches anterieures et livre des données directes sur le rôle de la qualité de l'information. Dans un premier temps, ils documentent l'incidence des règles imposées par les IFRS sur les changements dans la qualité de l'information, estimée en fonction de la granularité de la présentation des postes dans les états financiers. Les auteurs constatent que les sociétés ayant adopté les IFRS fournissent de l'information davantage ventilée au moment de l'adoption, par exemple une présentation plus granulaire des actifs incorporels et des placements à long terme au bilan et une ventilation plus importante des postes de dépréciation et d'amortissement et des produits hors exploitation dans les résultats. Dans un second temps, ils font le lien entre les changements observés dans l'information fournie et les coûts et avantages de l'adoption des IFRS. Ils montrent que la ventilation accrue de l'information par suite de l'adoption des IFRS améliore la liquidité du marché et diminue l'asymétrie de l'information, sans toutefois avoir d'incidence marginale sur les honoraires d'audit. Les données que recueillent les auteurs ont des retombées pour les normalisateurs appelés à évaluer les compromis coûts‐avantages dans l'analyse de changements futurs dans l'information à fournir.
Mots clés : adoption des IFRS, postes non manquants, qualité de l'information, liquidité du marché, honoraires d'audit
PURPOSE: The trends promoted for the strengthening of capacities that allow the interaction and valuation of knowledge as an intangible asset, deserve a management based on its transfer as a basis ...that drives innovation. Based on this, the purpose of the study is to examine the relationships between knowledge transfer (KT) and sustainable innovation (SI) in interorganizational contexts of small and medium-sized companies. METHODOLOGY: A process was carried out through the application of a questionnaire addressed to managers and owners of 109 small and medium-sized companies of activity in management and the development of information and communication technologies in two regions of Colombia. To show the significant differences between the two selected populations, a non-parametric Mann-Whitney test for independent samples was applied. Likewise, an application of the K-means algorithm was used to group the variables into subsets. The study of the data was complemented with the multivariate technique and the principal components analysis (PCA) to validate the contrasting of the declared hypotheses. FINDINGS: The results determine that by means of the Mann-Whitney non-parametric test for independent samples there are significant differences between the two selected populations. Likewise, the positive correlation between the variables of knowledge transfer and innovation is confirmed, as well as designing the interactions and the flow of processes between the components that support the aforementioned variables from the theoretical and empirical approach, whose interaction capacity between them has to promote the innovative potential under sustainability principles in small and medium-sized enterprises. IMPLICATIONS: Based on the results of the research carried out, scenarios are promoted through which it is sought to strengthen the interorganizational management of small and medium-sized enterprises, minimizing the barriers that weaken their stability. As well as promoting new ways of valuing knowledge as an intangible asset that, when transferred, generates effects in innovation management as part of the strengthening and interorganizational sustainability of small and medium-sized enterprises. ORIGINALITY AND VALUE: It is based on the generation of value through the proposal of a design of a system of relations between the components that promote the transfer of knowledge and sustainable innovation. Its structure is based on empirical results that allowed defining five strategic stages that show the relationships between the components that promote interorganizational and competitive management of tangible and intangible assets available in small and medium-sized enterprises.
Large firms have managed to design robust knowledge management (KM) systems that help to create more effective responses to turbulent environments. On contrary, small and medium-sized enterprises ...(SMEs), which often suffer from the liability of smallness, usually carry out KM practices in a more informal and less planned manner. The objective of this research is to characterize the effects of KM practices in SMEs. The designed documentary review systematically analyzed 276 publications in journals indexed in Scopus in 2022. The main results suggest a tendency to study the dimensions of KM, such as dynamic technological capability, human capital, and their effects on financial and innovative performance, among others. The findings contribute to the literature by reordering information provided by scientific publications and revealing the dependent, mediating, and moderating variables linkedto KM that are currently used by SMEs.
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