Linear regression model as a tool for measuring organizational capital

LINEÁRNÍ REGRESNÍ MODEL JAKO NÁSTROJ MĚŘENÍ ORGANIZAČNÍHO KAPITÁLU

Roman Fiala and Jana Borůvková
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Roman Fiala: The College of Polytechnics Jihlava
Jana Borůvková: The College of Polytechnics Jihlava

Acta Universitatis Bohemiae Meridionalis, 2011, vol. 14, issue 1, 7-13

Abstract: The authors' goal was to create a model suitable for measuring organization capital, that is to say a model with high coefficient of determination, in which coefficients of all regressors and the intercept are statistical significant. Three linear regression models for the years 2006, 2007 and 2008 of roughly 270 companies based in the Vysočina region were produced by means of the Forward and Backward Stepwise methods, on the basis of company information. Low p-levels (approaching 0) show the statistical significance of all the regression coefficients, including the intercept and their p-levels, are 0.048, 0.010 and 0.032 in this order. In all of the three years it was proved through the level of significance of 0.05 that all three independent variables, as well as the intercept, influence the dependent variable. This intercept determines the level of organizational capital of a company. The suitability of the used model is also supported by the fact that coefficients of determination reach high values (more than 0.93 for 2006 and more than 0.94 for 2007 and 2008). This article is a part of the results of the project no. 402/09/2057 "Measurement and management of the intangible assets impact on enterprise performance" financed by Czech Science Foundation.

Keywords: Organizational capital; measurement; linear regression model; sales; tangible fixed assets; intangible assets; staff costs (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:boh:actaub:v:14:y:2011:i:1:p:7-13

DOI: 10.32725/acta.2011.001

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