In spite of mounting evidence in support of the role of intangible capital on firm performance some research gaps remain. This paper focuses on the link between intangible capital and firm performance with a particular focus on the effect firm size has on the relationship by studying the population of Slovene enterprises between 2007 and 2020. We find that while intangible assets are positively associated with productivity, but the link is by no means linear. Furthermore, micro firms appear to benefit most from investing in intangible assets, while the effect is less robust for SMEs and large firms. Amongst different types of intangible assets, the strongest effect on productivity was found for investment in property rights and good will, while long-term deferred development costs had a weaker effect on firm productivity.
{"title":"The Impact of Intangible Capital on the Productivity of Small Firms","authors":"Črt Kostevc, Tjaša Redek","doi":"10.15458/2335-4216.1305","DOIUrl":"https://doi.org/10.15458/2335-4216.1305","url":null,"abstract":"In spite of mounting evidence in support of the role of intangible capital on firm performance some research gaps remain. This paper focuses on the link between intangible capital and firm performance with a particular focus on the effect firm size has on the relationship by studying the population of Slovene enterprises between 2007 and 2020. We find that while intangible assets are positively associated with productivity, but the link is by no means linear. Furthermore, micro firms appear to benefit most from investing in intangible assets, while the effect is less robust for SMEs and large firms. Amongst different types of intangible assets, the strongest effect on productivity was found for investment in property rights and good will, while long-term deferred development costs had a weaker effect on firm productivity.","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"81 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83878471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Triggers of Different Types of Firm Growth","authors":"Nina Ponikvar, Maks Tajnikar, P. Došenović Bonča","doi":"10.15458/2335-4216.1304","DOIUrl":"https://doi.org/10.15458/2335-4216.1304","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85992442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Bavdaž, Y. Caloghirou, Mira Dimitrić, Aimilia Protogerou
{"title":"Intangible Assets and Their Impact on Economic Performance","authors":"M. Bavdaž, Y. Caloghirou, Mira Dimitrić, Aimilia Protogerou","doi":"10.15458/2335-4216.1308","DOIUrl":"https://doi.org/10.15458/2335-4216.1308","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"201 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73541529","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The scope of this paper is to provide empirical evidence regarding intangible inputs, global value chains (GVCs) participation and their linkage with exports in the EU and the UK, utilizing data from WIOD and the newly constructed GLOBALINTO Input-Output Intangibles Database for the period 2000e2014. GVC participation metrics are calculated based on a production-based decomposition framework and include backward and forward participation indices. Intangible inputs follow a breakdown by origin into domestic and imported intangible inputs. Our empirical results suggest that GVC participation (both backward and forward) is a significant driver for exports and highlight the importance of intangibles’ origin in the exporting activities of the EU economies, especially in the case of the non-Euro
{"title":"Intangibles and Participation in Global Value Chains in the EU: Evidence from the GLOBALINTO Input-Output Intangibles Database","authors":"P. Dimas, Dimitrios Stamopoulos, A. Tsakanikas","doi":"10.15458/2335-4216.1303","DOIUrl":"https://doi.org/10.15458/2335-4216.1303","url":null,"abstract":"The scope of this paper is to provide empirical evidence regarding intangible inputs, global value chains (GVCs) participation and their linkage with exports in the EU and the UK, utilizing data from WIOD and the newly constructed GLOBALINTO Input-Output Intangibles Database for the period 2000e2014. GVC participation metrics are calculated based on a production-based decomposition framework and include backward and forward participation indices. Intangible inputs follow a breakdown by origin into domestic and imported intangible inputs. Our empirical results suggest that GVC participation (both backward and forward) is a significant driver for exports and highlight the importance of intangibles’ origin in the exporting activities of the EU economies, especially in the case of the non-Euro","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"65 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72685404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of Human Capital Investments in Business Excellence of Croatian Companies","authors":"I. Tadić, Ž. Barać","doi":"10.15458/2335-4216.1306","DOIUrl":"https://doi.org/10.15458/2335-4216.1306","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"141 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73024998","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We build on the configurational approach to identify configurational patterns leading to high countrylevel employee overqualification. We differentiate between subjective and objective employee overqualification and establish that each is caused by a different set (and configuration) of macro factors. In addition, we find that a country’s non-vocational education system is a necessary condition for high objective employee overqualification.
{"title":"Determinants of Country-Level Employee Overqualification: A Configurational Approach","authors":"Aleksandar Nikolovski, Robert Kaše","doi":"10.15458/2335-4216.1301","DOIUrl":"https://doi.org/10.15458/2335-4216.1301","url":null,"abstract":"We build on the configurational approach to identify configurational patterns leading to high countrylevel employee overqualification. We differentiate between subjective and objective employee overqualification and establish that each is caused by a different set (and configuration) of macro factors. In addition, we find that a country’s non-vocational education system is a necessary condition for high objective employee overqualification.","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"49 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75909068","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The Western Balkan region (WB) small and medium enterprises (SMEs) lag behind the EU-28 counterparts in their export activities. The positive influence of the Enterprise Europe Network (EEN) on local business support organisations and the local businesses is identified as a contributing factor to that improvement. To investigate the EEN's role in the export of the WB SMEs in the period 2014-2017, the authors used available statistical data on export from the WB countries. The survey was conducted in three phases, with the samples of 1,463, 222, and 12 companies. Analysed results of the EEN activities in the WB show that EEN had a positive influence on the firms' performance and their international activities;67% of supported firms increased their turnover, 62% increased their market share, and the EEN services had a positive impact on the jobs in 52% of the examined firms. The survey results about the expected and actual impact of the EEN services proved a positive impact of the Network on the five indicators: market improvement, cost savings, job creation or maintenance, quality improvement, and innovation. The paper contains important practical implications for the policymakers and the SME managers alike, and the implications mentioned above are generalisable.
{"title":"The Role of Enterprise Europe Network in Export Activities of the Western Balkan SMEs","authors":"Bojan Ćudić, Matjaž Klemenčič","doi":"10.15458/2335-4216.1299","DOIUrl":"https://doi.org/10.15458/2335-4216.1299","url":null,"abstract":"The Western Balkan region (WB) small and medium enterprises (SMEs) lag behind the EU-28 counterparts in their export activities. The positive influence of the Enterprise Europe Network (EEN) on local business support organisations and the local businesses is identified as a contributing factor to that improvement. To investigate the EEN's role in the export of the WB SMEs in the period 2014-2017, the authors used available statistical data on export from the WB countries. The survey was conducted in three phases, with the samples of 1,463, 222, and 12 companies. Analysed results of the EEN activities in the WB show that EEN had a positive influence on the firms' performance and their international activities;67% of supported firms increased their turnover, 62% increased their market share, and the EEN services had a positive impact on the jobs in 52% of the examined firms. The survey results about the expected and actual impact of the EEN services proved a positive impact of the Network on the five indicators: market improvement, cost savings, job creation or maintenance, quality improvement, and innovation. The paper contains important practical implications for the policymakers and the SME managers alike, and the implications mentioned above are generalisable.","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76834610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Will Blockchain Really Impact Your Business Model? Empirical Evidence from Slovenian SMEs","authors":"Horst Treiblmaier, Žan Špan","doi":"10.15458/2335-4216.1302","DOIUrl":"https://doi.org/10.15458/2335-4216.1302","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"27 1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90522969","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Zečević, Petar Gidaković, V. Žabkar, Mateja Kos Koklič
{"title":"Consumer Confusion Caused by Nutrition Apps in Product Healthiness Evaluation","authors":"M. Zečević, Petar Gidaković, V. Žabkar, Mateja Kos Koklič","doi":"10.15458/2335-4216.1300","DOIUrl":"https://doi.org/10.15458/2335-4216.1300","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"74 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83759055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Entrepreneur’s Perspective on Entrepreneurial Recycling","authors":"Alenka Slavec Gomezel, Rok Stritar","doi":"10.15458/2335-4216.1298","DOIUrl":"https://doi.org/10.15458/2335-4216.1298","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"98 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84123920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}