IDEAS home Printed from https://ideas.repec.org/a/aic/saebjn/v63y2016i3p415-428n46.html
   My bibliography  Save this article

Doing Business With The State And Firms' Growth. Grasping Invisible Relational Capital

Author

Listed:
  • Nino SERDAREVIĆ
  • Ajla MURATOVIĆ-DEDIĆ
  • Inela KARIĆ

Abstract

This study investigates relationships between reported assets growth, human capital effectiveness, ability to do business with state and firms' growth. Longitudinal data were extracted from annual financial reports. Sample includes 80 companies in construction industry of Bosnia and Herzegovina from 2008-2013. Generalized estimating equations (GEE) approach is used for investigation of previously mentioned associations. We found that working with the state in Bosnian construction sector is dominant factor for outstanding increase in net reported income, while the human capital efficiency is negatively associated to its change. These findings support the theory of markets with asymmetric information, suggesting that the relational and social capital of the firm in the imperfect markets, where the state is dominant customer, drives the growth and that precedes firm’s investments into development of intellectual capital. JEL Codes - M41

Suggested Citation

  • Nino SERDAREVIĆ & Ajla MURATOVIĆ-DEDIĆ & Inela KARIĆ, 2016. "Doing Business With The State And Firms' Growth. Grasping Invisible Relational Capital," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(3), pages 415-428, November.
    • Handle: RePEc:aic:saebjn:v:63:y:2016:i:3:p:415-428:n:46
    as

    Download full text from publisher

    File URL: http://saeb.feaa.uaic.ro/index.php/saeb/article/view/1028
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial reporting; firms' growth; financial performance; intangibles; relational capital; imperfect market;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:saebjn:v:63:y:2016:i:3:p:415-428:n:46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.