The Importance of Intangible Assets in the Hotel Industry: The Case of Croatia and Slovenia

Jerman Mateja () and Janković Sandra ()
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Jerman Mateja: Department of Accounting and Auditing, Faculty of Management, University of Primorska, Slovenia
Janković Sandra: Department of Accounting, Faculty of Tourism and Hospitality Management, University of Rijeka, Croatia

Scientific Annals of Economics and Business, 2018, vol. 65, issue 3, 333-346

Abstract: Studies show an increasing importance of intangible assets (hereinafter IA) and a positive relationship between IA and company performance. The purpose of this paper is to analyse the importance of IA for Croatian and Slovene hotel companies and to find out whether companies with a higher share of intangibles are also more profitable. The analysis is based on publicly available financial statements for the five-year period, from 2011 to 2015. The results show that the average share of IA presented in the balance sheets of the analysed hotel companies is low in both countries. Moreover, we could not find a statistically significant relationship between the share of IA and the selected financial performance indicators. The results of our study show that despite the emphasised importance of IA in literature, the publicly available financial data of the selected hotel companies provides very limited information on IA for external stakeholders.

Keywords: intangible assets; hotel industry; financial performance; Slovenia; Croatia (search for similar items in EconPapers)
JEL-codes: L83 M40 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:65:y:2018:i:3:p:333-346:n:2

DOI: 10.2478/saeb-2018-0017

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