Please use this identifier to cite or link to this item: http://hdl.handle.net/11328/3452
Title: The effect of financial crisis on the relationship between intellectual capital and financial performance in the European context
Authors: Sardo, Filipe
Serrasqueiro, Zélia
Keywords: Intellectual capital
Financial performance
Financial crisis
Issue Date: 2020
Publisher: Nova Science Publishers, Inc.
Citation: Sardo, F., & Serrasqueiro, Z. (2020). The effect of financial crisis on the relationship between intellectual capital and financial performance in the European context. In S. Wei (Ed.), Financial Crises: Types, Causes and Consequences (Cap. 8, pp. 167-190). Nova Science Publishers. Disponível no Repositório UPT, http://hdl.handle.net/11328/3452
Abstract: The current paper aims to analyse the effect of financial crisis on the relationship between intellectual capital and financial performance in the European context. Based on a sample of non-financial listed firms of four European countries where the effect of financial crisis were more evident for the period between 2005 and 2015, we use dynamic panel estimators, specifically the GMM system (1998). Results suggest that intellectual capital investments have a positive impact on firms’ financial performance in the short and long run. The results obtained enhance the role of intellectual capital for the financial performance of firms, since it has a positive effect on the performance. Furthermore, financial crisis affected negatively the relationship between intellectual capital and financial performance. Suggestions are made for practitioners and policy-makers.
URI: http://hdl.handle.net/11328/3452
ISBN: 978-1-53618-516-4
Appears in Collections:REMIT - Livros e Capítulos de Livros / Books and Book Chapters

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