Hidden Intangible Assets: Using a Sustainability Lens to Explore the UK’s Hospitality Sectors

Javad Izadi, Pantea Foroudi, Joseph Gerald Bourke and Maria Palazzo

Chapter 10 in Socially Responsible Business Models for International Brands, 2026, pp 211-240 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter examines the effect of unrecorded intangible items on the abnormal earnings of listed hotels, public bars and restaurants in the UK. The analysis focuses on the measurement of the autocorrelation coefficient of intangible assets and abnormal earnings over a long period. Sample firms were selected from listed firms in the UK over a period of 11 years (2010–2020). Our findings suggest that unrecorded intangible assets have an important impact on the persistence of abnormal earnings in hotel and food services companies. Listed hotel companies exhibit a higher sensitivity to the impact of intangible items on the persistence of abnormal earnings than public bar and restaurant firms in the UK. This research enriches the literature concerning abnormal earnings persistence in the listed hotels, public bars and restaurant sectors in the UK. Findings are important for investors because they identify information that helps them better understand the role of intangible items in valuing market share.

Keywords: University Social Responsibility; Happy To Chat; Badges; Community Building; Diversity; Inclusion; University; International Students Disinformation; SCR Brand; Socially Conscious Responsible Brand; Greenwashing; False Advertising Algorithmic Control; Gig-Workers; Socially Responsible; Self-Determination Theory; Social Exchange Theory; Motivation; Responsible Investing; Socially Responsible Investing (SRI); ESG; Business Model; Business Model Innovation; Economic Benefits; Liminal Spaces; CSR; Productivity; Employee Well-Being; Innovation; Corporate Social Responsibility (CSR); ESG Management; Business Ecosystem; Sustainability; Social Capital; Organisational Behaviour (OB); Leadership; Strategic Leadership; Internal Compliance; Employee Behaviours; Management In Practice; Socially Responsible Business; Emerging Markets; Marketing Strategies; Integrated Marketing Communication; Social Impact Measurement; Sustainable Goals; Linear Economy; Circular Economy; Social Compliance; Regulation; Garment; Bangladesh; Global Influence; Cryptocurrency; Blockchain; Bitcoin; Tokens; Socially Responsible Business; Smart Contracts (search for similar items in EconPapers)
JEL-codes: L21 M14 Q0 (search for similar items in EconPapers)
Date: 2026
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