Acceleration effect of intangibles in the recovery of corporate performance after-crisis

[Display omitted] This study explores the recovery in the Market Value Added (MVA) of European companies after the recent global economic crisis in 2008–2009. It introduces empirical evidence that intangible-intensive strategy in human and relational capital reinforces speed of the after-crisis corr...

Full description

Saved in:
Bibliographic Details
Published in:Research in international business and finance 2017-12, Vol.42, p.1115-1122
Main Authors: Barajas, Angel, Shakina, Elena, Fernández-Jardón, Carlos
Format: Article
Language:English
Subjects:
Corporate performance
Crisis
Intangibles
Market value added (MVA)
Recovery
Strategy
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:[Display omitted] This study explores the recovery in the Market Value Added (MVA) of European companies after the recent global economic crisis in 2008–2009. It introduces empirical evidence that intangible-intensive strategy in human and relational capital reinforces speed of the after-crisis correction for companies. Based on a panel dataset of more than 1600 listed corporations this research aims to discover drivers of Market Value Added trends in 2011–2013. The established results contribute to the understanding of the advantages that companies can exploit for the recovery after systematic shocks of markets. Our study demonstrates that intangible-intensive strategy not always enabled faster recovery speed. Meanwhile, it provided year-to-year acceleration of MVA growth after crisis.
ISSN:0275-5319
1878-3384
DOI:10.1016/j.ribaf.2017.07.046