Intangible assets and their effects on business performance: an analysis of Colombian companies
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Universidade de Santiago de Compostela
2024
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| _version_ | 1876465725053337600 |
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| author | Alberto Mendez-Morales |
| author_facet | Alberto Mendez-Morales |
| contents | Intangible assets and their effects on business performance: an analysis of Colombian companies Alberto Mendez-Morales Camilo Anzola-Morales Liliana Elizabeth Ruiz-Acosta David Andrés Camargo-Mayorga Economía y Finanzas IFRS Profitability Unbalanced panels Dynamic panel model Accounting practices Intangible assets (IAs) are fundamental for the creation of firm value. However, the literature is inconclusive regarding the relationship between IAs and profitability. This paper uses financial data from Colombian firms from 2005 to 2015 to determine if this relationship exists. Thirty dynamic panel models have been used to see whether IAs are related to Return on Equity, Return on Assets, Earnings Before Interest and Taxes, Earnings Before Interest, Taxes, Depreciation, and Amortization, Gross margin, and Net margin. The results, despite a limited sample size and missing variables, are related to the literature in that they signal the negative relationship between IAs and profitability. Thus, the capitalized value of IAs seems to negatively affect Colombian firms' performance in the short and long term. 2024 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39180867006 https://www.redalyc.org/journal/391/39180867006/ https://www.redalyc.org/journal/391/39180867006/html/ https://www.redalyc.org/journal/391/39180867006/39180867006.epub https://www.redalyc.org/journal/391/39180867006/movil 10.15304/rge.33.1.9138 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.1 Vol.33 |
| format | Artículo científico |
| id | redalyc_39180867006 |
| institution | Redalyc |
| language | en |
| publishDate | 2024 |
| publisher | Universidade de Santiago de Compostela |
| spellingShingle | Intangible assets and their effects on business performance: an analysis of Colombian companies Alberto Mendez-Morales Economía y Finanzas IFRS Profitability Unbalanced panels Dynamic panel model Accounting practices Intangible assets and their effects on business performance: an analysis of Colombian companies Alberto Mendez-Morales Camilo Anzola-Morales Liliana Elizabeth Ruiz-Acosta David Andrés Camargo-Mayorga Economía y Finanzas IFRS Profitability Unbalanced panels Dynamic panel model Accounting practices Intangible assets (IAs) are fundamental for the creation of firm value. However, the literature is inconclusive regarding the relationship between IAs and profitability. This paper uses financial data from Colombian firms from 2005 to 2015 to determine if this relationship exists. Thirty dynamic panel models have been used to see whether IAs are related to Return on Equity, Return on Assets, Earnings Before Interest and Taxes, Earnings Before Interest, Taxes, Depreciation, and Amortization, Gross margin, and Net margin. The results, despite a limited sample size and missing variables, are related to the literature in that they signal the negative relationship between IAs and profitability. Thus, the capitalized value of IAs seems to negatively affect Colombian firms' performance in the short and long term. 2024 artículo científico 1132-2799 https://www.redalyc.org/articulo.oa?id=39180867006 https://www.redalyc.org/journal/391/39180867006/ https://www.redalyc.org/journal/391/39180867006/html/ https://www.redalyc.org/journal/391/39180867006/39180867006.epub https://www.redalyc.org/journal/391/39180867006/movil 10.15304/rge.33.1.9138 en http://www.redalyc.org/revista.oa?id=391 Revista Galega de Economía application/pdf Universidade de Santiago de Compostela Revista Galega de Economía (España) Num.1 Vol.33 |
| title | Intangible assets and their effects on business performance: an analysis of Colombian companies |
| topic | Economía y Finanzas IFRS Profitability Unbalanced panels Dynamic panel model Accounting practices |
| url | https://www.redalyc.org/articulo.oa?id=39180867006 https://www.redalyc.org/journal/391/39180867006/ https://www.redalyc.org/journal/391/39180867006/html/ https://www.redalyc.org/journal/391/39180867006/39180867006.epub https://www.redalyc.org/journal/391/39180867006/movil |