The value of intangibles and diversity on boards looking towards economic future returns: evidence from non-financial Iberian business organisations

Ilídio Tomás Lopes and Duarte Pitta Ferraz

International Journal of Business Excellence, 2016, vol. 10, issue 3, 392-417

Abstract: This research aims to identify the impact of intellectual resources in business organisations and to examine how diversity on boards, as an embodiment of expertise and knowledge, affects performance. Using information from 125 businesses listed on an Iberian stock exchange, two complimentary models are regressed with the objective of identifying to what extent intangible assets and diversity on boards are sources of effective future economic benefit. The salient conclusions are that intangibles are immaterial factors that drive businesses towards future economic benefits; that focus on intangibles has the potential to drive companies towards a sustainable financial and strategic positioning and enhance economic growth. Thus, from a pure accounting perspective, identification and measurement of intangibles can contribute to better decision-making. The empirical results provide both an understanding of how internal governance mechanisms tested in aggregate positively affect business performance and offer some explanation as to the relationship between internal governance mechanisms and performance.

Keywords: intellectual capital; accounting; intangibles; Board diversity; knowledge management; profitability; corporate governance; firm performance; Portugal; Spain; Iberia; economic growth; non-financial businesses; decision making. (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=78705 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbexc:v:10:y:2016:i:3:p:392-417

Access Statistics for this article

More articles in International Journal of Business Excellence from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().