Intangible investments and innovation propensity: Evidence from the Innobarometer 2013

Montresor, Sandro; Vezzani, Antonio

doi:10.1080/13662716.2016.1151770

Cited by 58 publications

(38 citation statements)

References 67 publications

(48 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Intangible assets contribute to the construction of this competitive edge (Hoskisson et al, 2000). Intangibles assets are conceptualized as a crucial resource for development and competitiveness all over the world (Montresor & Vezzani, 2016). Intangible resources play a critical role in producing and selling new and advanced items (Arrighetti et al, 2014).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…promoting firm or product's reputation, R&D and training employees) as organizational strategies for innovation. Intangible assets investment makes the firm's success more believable in the market, which is important for branding and reputation (Aaker, 2007;Yin Wong & Merrilees, 2008;Montresor & Vezzani, 2016). Chen and Waters (2017) demonstrated that advertising positively affects profits.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Intangible Assets Investment and Firms’ Performance: Evidence From Small and Medium-Sized Enterprises in Korea

Seo

Kim

2020

Journal of Business Economics and Management

View full text Add to dashboard Cite

While many studies have examined the relationship between investment in intangibles assets and performance in large corporations, current research is lacking in regard to intangible investments in small and medium enterprises (SMEs). This study looks at SMEs in which intangible investments would usually be minor because they tend to consider intangible investment as an inefficient cost and concentrate on investments in tangible assets. This paper aims to contribute to the current literature and suggests that investment in the intangible assets of (human capital, advertising, R&D) is essential for SMEs pursuing superior firm performance. Actual data collected from 173 SMEs in Korea were analyzed employing hierarchical regression methodology. Results indicate that all three intangible resources have a positive effect on a firm's profitability and value. Interestingly, this research finds that investment in advertising has the most influential impact on a firm's profitability and value. This study has implications for SMEs in achieving their profitability and value. The results in this study highlight that intangible investment is not a waste of money for SMEs, and that business managers could strategically utilize these three key contributors (human capital, advertising, R&D) and adopt investment in intangible assets to accomplish their managerial goals.

show abstract

Section: Theoretical Backgroundmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Intangible Assets Investment and Firms’ Performance: Evidence From Small and Medium-Sized Enterprises in Korea

Seo

Kim

2020

Journal of Business Economics and Management

View full text Add to dashboard Cite

show abstract

“…identifying and dealing with the problems that the externalisation of intangibles entails (Montresor and Vezzani, 2016).…”

mentioning

confidence: 99%

CO2-reducing innovations and outsourcing: Evidence from photovoltaics and green construction in North-East Italy

2016

Self Cite

View full text Add to dashboard Cite

The paper investigates whether innovations entailing a perceived reduction of CO2 emissions are related to outsourcing. Some research hypotheses are put forward and tested on a sample of firms in two key 'green-industries', sustainable buildings and photovoltaics, in a regional context (North-East Italy) for which detailed survey-based information could be collected. An impact on CO2 reducing innovations is found for the externalisation of tangible activities only, as opposed to intangibles, whose outsourcing even decreases them. The results are robust in econometric terms, and suggest some new environmental implications of the standard 'make-or-buy' decisions of firms.

show abstract

“…While the research on FIC has centred largely on exploring the role of factors such as business size and type, degrees of technological development, competence, capacity to protect innovation results, and incentives (Encaoua, Hall, Laisney, & Mairesse, ), some studies have analyzed barriers or obstacles to innovation. A firm's innovativeness can also be said to depend more on whether it opts to use internal or external resources for its intangible investments than on the amount or kind of assets its investments involve (Montresor & Vezzani, ). Innovation is linked to intangible assets; and these, in turn, have an impact on a number of key firm dimensions, such as agency costs, information asymmetry and transaction costs (Alves & Martins, ).…”

Section: Theoretical Motivation and Empirical Hypothesesmentioning

confidence: 99%

Corporate governance drivers of firm innovation capacity

Bobillo

Sanz

Gaite

2017

Rev International Economics

View full text Add to dashboard Cite

We investigate the predictive factors of firm innovation capacity (FIC), proxied by intangible assets, as a means towards sustainable competitive advantage in a world of global change and innovation. The primary aim of this paper is to identify the key factors shaping a firm's innovation capacity management style. We use panel data for 1,942 firms (20,171 observations) in Germany, France, Italy, the United Kingdom, United States, and Spain, over the period 1999 to 2014. Our results show that capabilities driven by corporate governance mechanisms currently constitute the pivotal support for firms' innovation capacity (FIC). Our main findings are that corporate governance drivers such as executive incentives (E-P) and the presence of independent nonexecutive directors (INEDs) have a bearing on FIC. Meanwhile, managerial performance (MP) and institutional shareholder activism (AI) emerge as basic motivational instruments and mechanisms of alignment between firm ownership and control. The influence of incentives and INEDs is found to be negative and that of institutional shareholder activism and MP to be positive. With respect to the business context, we find evidence of higher efficiency in firm disciplinary mechanisms in the Anglo-American than in the Continental corporate governance model.

show abstract

Intangible investments and innovation propensity: Evidence from the Innobarometer 2013

Cited by 58 publications

References 67 publications

Intangible Assets Investment and Firms’ Performance: Evidence From Small and Medium-Sized Enterprises in Korea

Intangible Assets Investment and Firms’ Performance: Evidence From Small and Medium-Sized Enterprises in Korea

CO2-reducing innovations and outsourcing: Evidence from photovoltaics and green construction in North-East Italy

Corporate governance drivers of firm innovation capacity

Contact Info

Product

Resources

About