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

The Importance of Intangible Assets in the Hotel Industry: The Case of Croatia and Slovenia AbstractStudies 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Scientific Annals of Economics and Business de Gruyter

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

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Publisher
de Gruyter
Copyright
© 2018 Mateja Jerman et al., published by Sciendo
eISSN
2501-3165
DOI
10.2478/saeb-2018-0017
Publisher site
See Article on Publisher Site

Abstract

AbstractStudies 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.

Journal

Scientific Annals of Economics and Businessde Gruyter

Published: Sep 1, 2018

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