Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors

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/11110/2275
Resumo: Purpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluates and compared the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology: To approach the aim of the study the method Value Added Intellectual Coefficient (VAICTM) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance. Findings: The paper reveals that VAICTM, human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE) and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance. Practical implications: The application of the VAICTM model presented in this paper provides a basis for practical application for management. Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and firm’s profitability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.
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spelling Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectorsIntellectual capitalVAICTMHospitality and tourismBusiness performancePurpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluates and compared the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology: To approach the aim of the study the method Value Added Intellectual Coefficient (VAICTM) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance. Findings: The paper reveals that VAICTM, human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE) and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance. Practical implications: The application of the VAICTM model presented in this paper provides a basis for practical application for management. Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and firm’s profitability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.Intangible Capital2022-03-07T16:27:36Z2022-03-07T16:27:36Z2020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/11110/2275oai:ciencipca.ipca.pt:11110/2275eng2014-3214http://hdl.handle.net/11110/2275Costa, 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:11110/2275Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:02:33.018591Repositório 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 and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
title Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
spellingShingle Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
Costa, Vânia
Intellectual capital
VAICTM
Hospitality and tourism
Business performance
title_short Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
title_full Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
title_fullStr Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
title_full_unstemmed Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
title_sort Intellectual capital and its impact on business performance: An empirical study of Portuguese hospitality and tourism sectors
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
VAICTM
Hospitality and tourism
Business performance
topic Intellectual capital
VAICTM
Hospitality and tourism
Business performance
description Purpose: The propose of this study is to determine the influence of Intellectual Capital (IC) and its components’ impact on Portuguese tourism organizations’ business performance through Return on the assets (ROA). This work evaluates and compared the intellectual capital in its four dimensions: (i) capital employed; (ii) human capital; (iii) structural capital and (iv) relational capital. Design/methodology: To approach the aim of the study the method Value Added Intellectual Coefficient (VAICTM) was applied and the practical data were collected from the Simplified Business Information (IES) through SABI (Iberian Balance Sheet Analysis System) database. The economic and financial information was collected from balance sheets and financial reports of 46.951 Portuguese companies in the hospitality and tourism sector during 2016. Multiple regression analysis was employed to identify the effect of IC components’ that significantly contribute to the company performance. Findings: The paper reveals that VAICTM, human capital efficiency coefficient (HCE), capital employed efficiency coefficient (CEE) and ROA are positively related among Portuguese’s hospitality and tourism sector. However, the structural capital efficiency coefficient (SCE) presents a negative association with profitability and the results of the relationship between the variable relational efficiency coefficient (RCE) and ROA do not present statistical significance. Practical implications: The application of the VAICTM model presented in this paper provides a basis for practical application for management. Originality/value: The paper represents a pioneering attempt to understand the relationship of intellectual capital and firm’s profitability on Portuguese hospitality and tourism sector’s, to provide solid recommendations for the importance of intellectual capital in the sustainable growth of organizations in this sector.
publishDate 2020
dc.date.none.fl_str_mv 2020-01-01T00:00:00Z
2022-03-07T16:27:36Z
2022-03-07T16:27:36Z
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oai:ciencipca.ipca.pt:11110/2275
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http://hdl.handle.net/11110/2275
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dc.publisher.none.fl_str_mv Intangible Capital
publisher.none.fl_str_mv Intangible Capital
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