Η επίδραση των άυλων πάγιων στοιχείων και της κεφαλαιοποιημένης δαπάνης έρευνας και ανάπτυξης στην κερδοφορία και την αγοραία υπεραξία των επιχειρήσεων

Οικονόμου, Βαΐα

Master Thesis

Author

Οικονόμου, Βαΐα

Date

2021-10

Abstract

In recent years, companies reach out more to intangible investments for the purpose of creating value. Two of the most important intangible assets according to the international bibliography are the knowledge capital and the organization capital. The aim of the present thesis is to examine the degree of impact of the knowledge capital and the organization capital on the profitability of the companies as well as their market value. The approach of the knowledge capital but also the organization capital in this present thesis has been done by following the calculation methodology developed by Peters & Taylor (2017). The ROA index was used for measuring profitability, while the Tobin’s q index, was used for approaching the market value of the businesses. For the elaboration of this present thesis a sample of suggested USA companies was used, taken from the domain of services for the time period of 2001-2017. By applying two Multiple Linear Regressions for the two depended variables ROA and Tobin’s q, the results showed that the knowledge capital negatively affects the companies’ profitability while affects positively their market value. As far as the knowledge capital is concerned, the results also showed that its effect on profitability is negative, while it is positive on the market value of the companies.

Postgraduate Studies Programme

Χρηματοοικονομική και Τραπεζική με ειδίκευση στις Χρηματοδοτήσεις και Επενδύσεις - Finance and Investments

Department

Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/13862
http://dx.doi.org/10.26267/unipi_dione/1285

Collections

Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα