Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance

Detalhes bibliográficos
Autor(a) principal: Costa, Vânia
Data de Publicação: 2020
Outros Autores: Silva, Lurdes, Loureiro, Paula
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11110/2282
Resumo: Purpose: According to the literature, the intellectual capital is one of the main competitiveness enhancers of today's companies and a fundamental dimension of organizational performance. This work aims to: (1) identify the added value and the efficiency of intellectual capital in its three dimensions - (i) human capital, (ii) structural capital and (iii) relational capital – in the tourism sector; (2) evaluate its impact on the business performance; (3) analyse the results of VAIC according to the tourism region where the companies are based in. Methodology: Data are draw from Simplified Business Information (IES) based on the Iberian Balance Analysis System (SABI). This study was performed with a sample of sheets and financial reports of 46 951 Portuguese companies in the tourism sector, during the period 2007 to 2016. Findings: VAIC varied slightly between 2007 and 2016. The human capital is the most effective dimension of IC and value creation, which suggests that the tourism sector created substantially more efficient value of IC than the financial component. The HCE presented with a high and statistically significant association with the VAIC. The results indicate the influence that VAIC have on the financial performance of companies. The analysis of the VAIC indicator by regions shows that there are statistically significant differences in the value of the variable VAIC. This indicator show a decrease in all regions in 2016 compared to 2007.The VAIC is higher in the Madeira region. Originality/value: The paper represents a pioneering attempt to understand the relationship between intellectual capital and the firm’s profitability in the Portuguese tourism sector. With this in mind the aim is to provide solid recommendations about the importance of intellectual capital and how it is responsible to assure the sustainable growth of organizations in this sector.
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spelling Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performanceIntellectual CapitalHuman capitalTourism sectorValue Added Intellectual Coefficient (VAIC)RegionPurpose: According to the literature, the intellectual capital is one of the main competitiveness enhancers of today's companies and a fundamental dimension of organizational performance. This work aims to: (1) identify the added value and the efficiency of intellectual capital in its three dimensions - (i) human capital, (ii) structural capital and (iii) relational capital – in the tourism sector; (2) evaluate its impact on the business performance; (3) analyse the results of VAIC according to the tourism region where the companies are based in. Methodology: Data are draw from Simplified Business Information (IES) based on the Iberian Balance Analysis System (SABI). This study was performed with a sample of sheets and financial reports of 46 951 Portuguese companies in the tourism sector, during the period 2007 to 2016. Findings: VAIC varied slightly between 2007 and 2016. The human capital is the most effective dimension of IC and value creation, which suggests that the tourism sector created substantially more efficient value of IC than the financial component. The HCE presented with a high and statistically significant association with the VAIC. The results indicate the influence that VAIC have on the financial performance of companies. The analysis of the VAIC indicator by regions shows that there are statistically significant differences in the value of the variable VAIC. This indicator show a decrease in all regions in 2016 compared to 2007.The VAIC is higher in the Madeira region. Originality/value: The paper represents a pioneering attempt to understand the relationship between intellectual capital and the firm’s profitability in the Portuguese tourism sector. With this in mind the aim is to provide solid recommendations about the importance of intellectual capital and how it is responsible to assure the sustainable growth of organizations in this sector.2022-03-09T10:29:58Z2022-03-09T10:29:58Z2020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/11110/2282oai:ciencipca.ipca.pt:11110/2282eng2184-7428http://hdl.handle.net/11110/2282Costa, VâniaSilva, LurdesLoureiro, Paulainfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-09-05T12:53:33Zoai:ciencipca.ipca.pt:11110/2282Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:02:33.403458Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
title Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
spellingShingle Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
Costa, Vânia
Intellectual Capital
Human capital
Tourism sector
Value Added Intellectual Coefficient (VAIC)
Region
title_short Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
title_full Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
title_fullStr Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
title_full_unstemmed Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
title_sort Intellectual Capital in Portuguese tourism sector: study of its impact on organizational performance
author Costa, Vânia
author_facet Costa, Vânia
Silva, Lurdes
Loureiro, Paula
author_role author
author2 Silva, Lurdes
Loureiro, Paula
author2_role author
author
dc.contributor.author.fl_str_mv Costa, Vânia
Silva, Lurdes
Loureiro, Paula
dc.subject.por.fl_str_mv Intellectual Capital
Human capital
Tourism sector
Value Added Intellectual Coefficient (VAIC)
Region
topic Intellectual Capital
Human capital
Tourism sector
Value Added Intellectual Coefficient (VAIC)
Region
description Purpose: According to the literature, the intellectual capital is one of the main competitiveness enhancers of today's companies and a fundamental dimension of organizational performance. This work aims to: (1) identify the added value and the efficiency of intellectual capital in its three dimensions - (i) human capital, (ii) structural capital and (iii) relational capital – in the tourism sector; (2) evaluate its impact on the business performance; (3) analyse the results of VAIC according to the tourism region where the companies are based in. Methodology: Data are draw from Simplified Business Information (IES) based on the Iberian Balance Analysis System (SABI). This study was performed with a sample of sheets and financial reports of 46 951 Portuguese companies in the tourism sector, during the period 2007 to 2016. Findings: VAIC varied slightly between 2007 and 2016. The human capital is the most effective dimension of IC and value creation, which suggests that the tourism sector created substantially more efficient value of IC than the financial component. The HCE presented with a high and statistically significant association with the VAIC. The results indicate the influence that VAIC have on the financial performance of companies. The analysis of the VAIC indicator by regions shows that there are statistically significant differences in the value of the variable VAIC. This indicator show a decrease in all regions in 2016 compared to 2007.The VAIC is higher in the Madeira region. Originality/value: The paper represents a pioneering attempt to understand the relationship between intellectual capital and the firm’s profitability in the Portuguese tourism sector. With this in mind the aim is to provide solid recommendations about the importance of intellectual capital and how it is responsible to assure the sustainable growth of organizations in this sector.
publishDate 2020
dc.date.none.fl_str_mv 2020-01-01T00:00:00Z
2022-03-09T10:29:58Z
2022-03-09T10:29:58Z
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