Intangible Assets as Financial Performance Drivers of IT Industry: Evidence from an Emerging Market

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dc.contributor.authorRadonić, Milenko
dc.contributor.authorMilosavljević, Miloš
dc.contributor.authorKnežević, Snežana
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2021-06-04T08:54:58Z
dc.date.available2021-06-04T08:54:58Z
dc.description.abstractIn the past few decades, IC has been viewed as a crucial factor for improved financial performance of IT companies. Globally, the IT industry has shown positive trendlines and the tremendous importance of intangible resources as part of intellectual capital. Intellectual capital per se may not be a novel topic in the IT industry. Nonetheless, this paper focuses on determining which type of intellectual capital is paramount for financial success, which has remained an open puzzle. The aim of this paper is to analyse the human, relational, structural and innovation capital of IT companies and to measure their impact on financial performance. Moreover, the authors have analysed the impact of the intellectual capital elements on several key performance indicators as the most frequently used in these kinds of studies. In order to address this aim, the study collected primary data from 101 respondents – business owners, managers and experts from a rapidly growing IT ecosystem in South-East Europe. Most research has focused on developed countries for addressing similar topics. Therefore, the authors call out for additional research of this topic in other emerging and developing environments. The findings of this study indicate a positive effect of intellectual capital on business performance. This study raises awareness among business experts in the field of intellectual capital, and supports decision-making through the concept of identifying, managing and analysing intellectual capital and its effect on overall business results. Even though the IT industry has become global, this study draws exceptional attention to the interplay between IC and financial performance in a developing IT ecosystem setting.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2021-2-008
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/160023
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectintellectual capitalen
dc.subjectIT industryen
dc.subjectemerging marketsen
dc.subjectfinancial performanceen
dc.subjectintangible assetsen
dc.subject.classificationE22
dc.subject.classificationG32
dc.subject.classificationO34
dc.subject.classificationL25
dc.subject.classificationJ24
dc.titleIntangible Assets as Financial Performance Drivers of IT Industry: Evidence from an Emerging Marketen
dc.typeArticleen
local.accessopen
local.citation.epage135
local.citation.spage119
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume24
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