The impact of customer capital on company's market value: An empirical study from 100 U.S. stock market leaders

Lehenchuk Serhii () and Zavalii Tetiana ()
Additional contact information
Lehenchuk Serhii: Department of Information Systems in Management and Accounting, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine.
Zavalii Tetiana: Department of Management and Entrepreneurship, Zhytomyr Polytechnic State University, Zhytomyr, Ukraine.

International Journal of Management and Economics, 2021, vol. 57, issue 4, 299-312

Abstract: Objective The aim of the paper is to establish the relationship between the customer capital and the company's market value (MV). Examining this impact seems justified as the topic has been rarely investigated till now. Methods The regression analysis was used to achieve the research objective. We analyzed reports of 100 U.S. stock market leaders for 2018, which were prepared in accordance with the requirements of International Financial Reporting Standard 3 > and included information about customer capital. Findings The hypothesis that the customer capital has a direct impact on the company's MV is confirmed by the results of this study. Practical implication The proposed regression model (Model 3) can be used for needs of value-based management. Originality/value Customer capital as a tool of value-based management is a poorly studied topic in the context of understanding the importance of the role of intangibles in creating value for company.

Keywords: customer capital; goodwill; intangible assets; market value; research and development costs (search for similar items in EconPapers)
JEL-codes: D24 E22 G32 L14 (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/ijme-2021-0025 (text/html)

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:vrs:ijomae:v:57:y:2021:i:4:p:299-312:n:6

DOI: 10.2478/ijme-2021-0025

Access Statistics for this article

International Journal of Management and Economics is currently edited by Mariusz Próchniak

More articles in International Journal of Management and Economics from Warsaw School of Economics, Collegium of World Economy
Bibliographic data for series maintained by Peter Golla ().