• editor.aipublications@gmail.com
  • Track Your Paper
  • Contact Us
  • ISSN: 2456-7817

International Journal Of Engineering, Business And Management(IJEBM)

Intangible assets that add tangible value and their relationship to the economic efficiency and financial performance of a Cuban enterprise

Naivi Montané Marsal

International Journal of Engineering, Business And Management(IJEBM), Vol-4,Issue-5, September - October 2020, Pages 73-81 , 10.22161/ijebm.4.5.1

Download | Downloads : 6 | Total View : 684


An empirical study was conducted at a Cuban financial institution. We study the national and international theoretical models of intangible assets in the modern enterprise and its importance to generate value in the organization based on the premise that if you can't measure intellectual capital you can't manage it which is determine whether intangible assets are adding or destroying value in the organization. The results of the metrics applied were triangulated, and revealed that there is no significant relationship between the economic performance of the bank branch and the perception of the management of intangible assets by the leaders, the average scores denote low management of intangibles so in the short term they deserve to generate alerts to avoid in the long term contractions in the economic efficiency.

Economic performance, Intangible assets, Tangibles assets, Human capital indices, Efficiency economic indices.

[1] Abdifatah A., Nazli A. (2018). The role of intangible assets and liabilities in firm performance: empirical evidence. Journal of Applied Accounting Research. Vol. 19 No. 1, 2018. pp. 42-59. DOI 10.1108/JAAR-12-2015-0108
[2] Armas-Heredia I. et al (2017). Research as the foundation of the management of university intellectual capital in knowledge societies. Rock. Scientific journal - educational. vol.13 no.4, October-December, 2017, Granma, Cuba. ISSN: 2074-0735. nps: 2090. p. 326
[3] Borrás F., Ruso F. (2015). Capital intelectual: visión crítica y propuesta para organizaciones cubanas. 2015. Editorial UH. La Habana Cuba
[4] Brooking A. (1996). Intellectual Capital: Core Assets for the Third Millenium Enterprises, 1996, International Thomson Business Press, London.
[5] Casaña, A. (2015). De cuando las fortalezas se entrelazan. En comunidad de aprendizaje sobre cambio humano (eds.) La indagación apreciativa en cuba. Experiencias que atrapan (pp.63-78). 2015. La Habana: publicación acuario.
[6] Catalfo P. (2016). Intangibles disclosure in management commentary regulation in Germany and Italy. Journal of Intellectual Capital. Vol.17. No. 1. 2016. DOI 10.11108/JIC-09-2015-0083.
[7] Cozzo B., Dumay J., Palmaccio M., Lombardi R. (2017). Intellectual capital disclosure a structured literature review. Journal of Intellectual Capital, Volumen 18, No. 1, 2017. DOI 10.1108/JIC-10-2016-0104. p. 9-28.
[8] Cuesta A. (2014). Valencia M. Indicadores de gestión humana y del conocimiento en la empresa. 2014. Ediciones ECOE. Colombia
[9] Cuesta, A. (2017). Gestión del talento humano del conocimiento, Segunda edición, 2017 Bogotá: ECOE Ediciones. ISBN: 978-958-771-379-4
[10] Días R., Leopoldo P. Casas J. (2017). Knowledge management and intellectual capital in networks of small- and medium-sized enterprises. Journal of Intellectual Capital Vol. 18 No. 3, 2017 pp. 667-692 1469-1930. DOI 10.1108/JIC-11-2016-0120
[11] Grazia A., Di Gabriele N., Zigiotti E. (2019). Impairment of intangible assets and disclosure by Italian banks. Managerial Finance Vol. 45 No. 2, 2019 pp. 311-330 DOI 10.1108/MF-09-2017-0352
[12] Izquierdo I. (2018). Cuba debate article. 2018. Htp://www.cubadebate.cu/cuba/2019/02/01/sistema-empresarial-cubano-cambios-necesarios/
[13] Kaplan r & Norton D. (2014). Strategic maps. 2004. Harvard business school Publishing Corporation. EUA
[14] Lennard A. (2019). Business reporting of intangibles. Financial Reporting Council February Business Reporting of Intangibles. 2019. FRC Publications, 2486368. London. https://www.frc.org.uk/getattachment/bcdd05f7-6718-4daa-a42d-712024adb170/;.aspx
[15] Lobova S. Alekseev A. Litvinova T. Sadovnikova N. (2020). Labor division and advantages and limits of participation in creation of intangible assets in industry 4.0: humans versus machines. Journal of Intellectual Capital Vol. 21 No. 4, 2020 pp. 623-638. DOI 10.1108/JIC-11-2019-0277
[16] Jannatul F., Mohammad M. (2019). The effects of intangible assets on firm performance An empirical investigation on selective listed manufacturing firms in DSE, Bangladesh. American Journal of Business. Vol. 34 No. 3/4, 2019. pp. 148-168. DOI 10.1108/AJB-11-2018-0065
[17] Moreno G., Londoño E. (2016). Interaction between variables of human capital and relational capital to generate organizational value. 2016. Journal QUID Nº26, pp. 67-76, enero-junio de 2016, ISSN: 1692-343X, Medellín-Colombia
[18] Quinapanta M., Lescano L., Barral O., Jiménez R. and Rivera D. (2019). Measurement of human talent performance in Higher Education Institutions: scientific production. Journal of Industrial Engineering. 2019. Vol XL No. 1 January-April p. 24-36 24. ISSN 1815-5936
[19] Quiroz V., Yangali J. (2018). Valuation of intellectual capital, its accounting and presentation as an intangible asset in the financial statements. Universidad Cesar Vallejo INNOVA. Research Journal 2018, Vol 3, No. 11, 35-61. ISSN 2477-9024
[20] Pedro E., Leitão J. Alves H. (2018). Back to the future of intellectual capital research: a systematic literature review. Management Decision Journal. Vol. 56 No. 11, 2018 pp. 2502-2583. DOI 10.1108/MD-08-2017-0807
[21] Piekola H. (2020). Intangibles and innovation-labor-biased technical change. Journal of Intellectual Capital. Vol. 21. No. 5. 2020. DOI 10.1108/JIC-10-2019-0241. p.649-669
[22] Roth F. (2020). Revisiting intangible capital and labour productivity growth, 2000-2015. Journal of Intellectual Capital. Vol. 21 No. 5, 2020. DOI 10.11108/JIC-052019-0119
[23] Sampieri Hernández R. (2014). Metodología de la investigación. 2014. Sexta edición mc graw- hil /interamericana editors s.a. de cv.
[24] Song M. Xiongfeng P., Xianyou P. and Zhiming J. (2019). Influence of basic research investment on corporate performance Exploring the moderating effect of human capital structure. Management Decision Vol. 57 No. 8, 2019 pp. 1839-1856 DOI 10.1108/MD-06-2018-0708
[25] Schiemann F., Günther T. (2015). The relationship between recognised intangible assets and voluntary intellectual capital disclosure. Journal of Applied Accounting Research. Vol. 16 No. 2, 2015. pp. 240-264. DOI 10.1108/JAAR-11-2012-0076
[26] Syed A. (2017). Hafiz R., Sharifah A., Mezbah A. Financial reporting of intangible assets in Islamic finance. ISRA International Journal of Islamic Finance. Vol. 9 No. 2, 2017. pp. 190-195. DOI 10.1108/IJIF-08-2017-0021
[27] Shaper S., Nielsen Ch., & Roslender R. (2017). Moving from irrelevant intellectual capital (IC) reporting to value-relevant IC disclosures. Journal of Intellectual Capital, Vol.18, No. 1. 2017. DOI 10.1108/JIC.07.2016-0071. p.81-101
[28] Vanderpal G. (2019). How Intangible Assets Affect the Corporate Financial Performances and How It Varies from Sector to Sector. Journal of Accounting and Finance Vol. 19(8) 189. 2019. v19i8.2624. p.190
[29] Vega Falcón (2017). Revista de Ciencia, Tecnología e Innovación. V. Vol. (4). Núm. (4) Oct-Dic 2017 ISSN 1390-9150
[30] Viteri M., Ponce W. (2017). Strategic importance of intangible assets. Revista Publicando, 4 No 11. (2). 2017, 596-605. ISSN 1390-9304 596