The quadratic relationship between intangible assets and growth in Portuguese SMEs

Paulo Macas Nunes () and Alcina Almeida
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Alcina Almeida: CEFAGE Research Center, Évora University, Portugal

The AMFITEATRU ECONOMIC journal, 2009, vol. 11, issue 25, pages 151-158

Abstract: This article shows new empirical evidence concerning the growth determinants of SMEs. Specifically, we identify the existence of a quadratic relationship between the level of intangible assets of Portuguese SMEs and their growth. Based on the results obtained here, we conclude that intangible assets represents a catalyst for growth only when accounting for a significant proportion of total assets. A relatively weaker presence of intangibles might in fact inhibit growth.

Keywords: Growth; Intangible Assets; Portuguese SMEs (search for similar items in EconPapers)
JEL-codes: D21 G32 L25 L26 (search for similar items in EconPapers)
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:aes:amfeco:v:11:y:2009:i:25:p:151-158

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