IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i10p4150-d360113.html
   My bibliography  Save this article

Corporate Sustainability and Intangible Resources Binomial: New Proposal on Intangible Resources Recognition and Evaluation

Author

Listed:
  • Camelia Oprean-Stan

    (Department of Finance and Accounting, Lucian Blaga University of Sibiu, 550324 Sibiu, Romania)

  • Sebastian Stan

    (Department of Management, “Nicolae Balcescu” Land Forces Academy, 550170 Sibiu, Romania)

  • Vasile Brătian

    (Department of Finance and Accounting, Lucian Blaga University of Sibiu, 550324 Sibiu, Romania)

Abstract

This study argues that the context in which an organization adopts the principles of corporate sustainability and is guided by a culture of sustainability will determine the development of the components of corporate intangible resources. However, in trying to evaluate the impact of adopting the principles of corporate sustainability on the development of the intangible resources held by a company, we encountered a major problem, namely that there is no consistent and internationally accepted methodology for assessing such resources, despite theorists’ and practitioners’ efforts to develop intangible measurement techniques. The main research objective of this article is to propose the creation of a simplified model for the assessment of intangible resources, which depends only on publicly available information for each of the components of the model. This model can therefore contribute to the practical implementation of intangible resource management by offering an autonomous and objective instrument that uses only publicly available information, thus facilitating comparisons between organizations.

Suggested Citation

  • Camelia Oprean-Stan & Sebastian Stan & Vasile Brătian, 2020. "Corporate Sustainability and Intangible Resources Binomial: New Proposal on Intangible Resources Recognition and Evaluation," Sustainability, MDPI, vol. 12(10), pages 1-23, May.
  • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4150-:d:360113
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/10/4150/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/12/10/4150/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ahi, Payman & Searcy, Cory & Jaber, Mohamad Y., 2018. "A Quantitative Approach for Assessing Sustainability Performance of Corporations," Ecological Economics, Elsevier, vol. 152(C), pages 336-346.
    2. Francesco Gangi & Lucia Michela Daniele & Nicola Varrone, 2020. "How do corporate environmental policy and corporate reputation affect risk‐adjusted financial performance?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 1975-1991, July.
    3. Nazim Hussain & Ugo Rigoni & Elisa Cavezzali, 2018. "Does it pay to be sustainable? Looking inside the black box of the relationship between sustainability performance and financial performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1198-1211, November.
    4. Sher Zaman Khan & Qing Yang & Abdul Waheed, 2019. "Investment in intangible resources and capabilities spurs sustainable competitive advantage and firm performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 285-295, March.
    5. Uju Violet Alola & Turgay Avci & Ali Ozturen, 2018. "Organization Sustainability through Human Resource Capital: The Impacts of Supervisor Incivility and Self-Efficacy," Sustainability, MDPI, vol. 10(8), pages 1-16, July.
    6. Alexandra ZBUCHEA, 2013. "Are Customers Rewarding Responsible Businesses? An Overview of the Theory and Research in the Field of CSR," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 1(3), pages 367-385, December.
    7. repec:dau:papers:123456789/11315 is not listed on IDEAS
    8. Kipnis, Eva & Broderick, Amanda J. & Demangeot, Catherine & Adkins, Natalie Ross & Ferguson, Nakeisha S. & Henderson, Geraldine Rosa & Johnson, Guillaume & Mandiberg, James M. & Mueller, Rene Dentiste, 2013. "Branding beyond prejudice: Navigating multicultural marketplaces for consumer well-being," Journal of Business Research, Elsevier, vol. 66(8), pages 1186-1194.
    9. Sydler, Renato & Haefliger, Stefan & Pruksa, Robert, 2014. "Measuring intellectual capital with financial figures: Can we predict firm profitability?," European Management Journal, Elsevier, vol. 32(2), pages 244-259.
    10. Grażyna ŚMIGIELSKA, 2018. "A business case for sustainable development," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 10(1), pages 49-66, April.
    11. Tajammal Hussain & Rick Edgeman & Jacob Eskildsen & Alaa Mohamed Shoukry & Showkat Gani, 2018. "Sustainable Enterprise Excellence: Attribute-Based Assessment Protocol," Sustainability, MDPI, vol. 10(11), pages 1-13, November.
    12. Gita Surie & Allan Ashley, 2008. "Integrating Pragmatism and Ethics in Entrepreneurial Leadership for Sustainable Value Creation," Journal of Business Ethics, Springer, vol. 81(1), pages 235-246, August.
    13. Alexandra Zbuchea & Florina Pînzaru & Mihail Busu & Sergiu-Octavian Stan & Alina Bârgăoanu, 2019. "Sustainable Knowledge Management and Its Impact on the Performances of Biotechnology Organizations," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    14. Gleason, Katherine I. & Klock, Mark, 2006. "Intangible capital in the pharmaceutical and chemical industry," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(2), pages 300-314, May.
    15. Murat Ocak & Derya Fındık, 2019. "The Impact of Intangible Assets and Sub-Components of Intangible Assets on Sustainable Growth and Firm Value: Evidence from Turkish Listed Firms," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    16. Chun-Yao Tseng, 2008. "Internal R&D effort, external imported technology and economic value added: empirical study of Taiwan's electronic industry," Applied Economics, Taylor & Francis Journals, vol. 40(8), pages 1073-1082.
    17. Niamh Brennan & Brenda Connell, 2000. "Intellectual capital : current issues and policy implications," Open Access publications 10197/2916, Research Repository, University College Dublin.
    18. Tha’er Amjed Mahmoud Ababneh & Mehmet Aga, 2019. "The Impact of Sustainable Financial Data Governance, Political Connections, and Creative Accounting Practices on Organizational Outcomes," Sustainability, MDPI, vol. 11(20), pages 1-16, October.
    19. Alžbeta Kucharčíková & Martin Mičiak & Miloš Hitka, 2018. "Evaluating the Effectiveness of Investment in Human Capital in E-Business Enterprise in the Context of Sustainability," Sustainability, MDPI, vol. 10(9), pages 1-23, September.
    20. Hongxing Yao & Muhammad Haris & Gulzara Tariq & Hafiz Mustansar Javaid & Muhammad Aamir Shafique Khan, 2019. "Intellectual Capital, Profitability, and Productivity: Evidence from Pakistani Financial Institutions," Sustainability, MDPI, vol. 11(14), pages 1-30, July.
    21. Stan Sebastian & Oprean-Stan Camelia & Pele Antonio, 2018. "A Proposal for an Intangible Resources Management System at the Organizational Level," Management of Sustainable Development, Sciendo, vol. 10(1), pages 17-21, June.
    22. Pratima Bansal, 2005. "Evolving sustainably: a longitudinal study of corporate sustainable development," Strategic Management Journal, Wiley Blackwell, vol. 26(3), pages 197-218, March.
    23. Ming‐Lang Tseng & Ming K. Lim & Kuo‐Jui Wu, 2018. "Corporate sustainability performance improvement using an interrelationship hierarchical model approach," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1334-1346, December.
    24. Carmeli, Abraham, 2004. "Assessing Core Intangible Resources," European Management Journal, Elsevier, vol. 22(1), pages 110-122, February.
    25. Linnenluecke, Martina K. & Griffiths, Andrew, 2010. "Corporate sustainability and organizational culture," Journal of World Business, Elsevier, vol. 45(4), pages 357-366, October.
    26. Jijun Gao & Pratima Bansal, 2013. "Instrumental and Integrative Logics in Business Sustainability," Journal of Business Ethics, Springer, vol. 112(2), pages 241-255, January.
    27. Jian Xu & Binghan Wang, 2018. "Intellectual Capital, Financial Performance and Companies’ Sustainable Growth: Evidence from the Korean Manufacturing Industry," Sustainability, MDPI, vol. 10(12), pages 1-15, December.
    28. Daniela M. Salvioni & Francesca Gennari & Luisa Bosetti, 2016. "Sustainability and Convergence: The Future of Corporate Governance Systems?," Sustainability, MDPI, vol. 8(11), pages 1-25, November.
    29. Fukui, Yoshitaka & Ushijima, Tatsuo, 2007. "Corporate diversification, performance, and restructuring in the largest Japanese manufacturers," Journal of the Japanese and International Economies, Elsevier, vol. 21(3), pages 303-323, September.
    30. Nitin Simha Vihari, 2019. "Effects of business model innovation on corporate sustainability: intervening role of organisational learning and strategic flexibility," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 26(2), pages 131-154.
    31. Frank Figge & Tobias Hahn, 2005. "The Cost of Sustainability Capital and the Creation of Sustainable Value by Companies," Journal of Industrial Ecology, Yale University, vol. 9(4), pages 47-58, October.
    32. Anita Boros & Csaba Fogarassy, 2019. "Relationship between Corporate Sustainability and Compliance with State-Owned Enterprises in Central-Europe: A Case Study from Hungary," Sustainability, MDPI, vol. 11(20), pages 1-23, October.
    33. Francesco Gangi & Dario Salerno & Antonio Meles & Lucia Michela Daniele, 2019. "Do Corporate Social Responsibility and Corporate Governance Influence Intellectual Capital Efficiency?," Sustainability, MDPI, vol. 11(7), pages 1-25, March.
    34. Ali Alshehhi & Haitham Nobanee & Nilesh Khare, 2018. "The Impact of Sustainability Practices on Corporate Financial Performance: Literature Trends and Future Research Potential," Sustainability, MDPI, vol. 10(2), pages 1-25, February.
    35. Harishankar Vidyarthi, 2019. "Dynamics of intellectual capitals and bank efficiency in India," The Service Industries Journal, Taylor & Francis Journals, vol. 39(1), pages 1-24, January.
    36. Qianwei Ying & Hazrat Hassan & Habib Ahmad, 2019. "The Role of a Manager’s Intangible Capabilities in Resource Acquisition and Sustainable Competitive Performance," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    37. Villalonga, Belen, 2004. "Intangible resources, Tobin's q, and sustainability of performance differences," Journal of Economic Behavior & Organization, Elsevier, vol. 54(2), pages 205-230, June.
    38. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    39. Jordi Surroca & Josep A. Tribó & Sandra Waddock, 2010. "Corporate responsibility and financial performance: the role of intangible resources," Strategic Management Journal, Wiley Blackwell, vol. 31(5), pages 463-490, May.
    40. Jian Xu & Binghan Wang, 2019. "Intellectual Capital Performance of the Textile Industry in Emerging Markets: A Comparison with China and South Korea," Sustainability, MDPI, vol. 11(8), pages 1-16, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Camelia Oprean-Stan & Ionica Oncioiu & Iulia Cristina Iuga & Sebastian Stan, 2020. "Impact of Sustainability Reporting and Inadequate Management of ESG Factors on Corporate Performance and Sustainable Growth," Sustainability, MDPI, vol. 12(20), pages 1-31, October.
    2. AGÂRBICEANU Simona Marcela & PĂUN Tatiana, 2021. "The Need For A Paradigm Shift In Finance: Sustainable Corporate Finance," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(1), pages 33-38, June.
    3. Sebastian Emanuel Stan & Camelia Oprean-Stan & Aurel Mihail Țîțu, 2020. "Digitalization - Sustainable Development Convergence: Metrics And Effects In Romania," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(1), pages 1-9, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. AGÂRBICEANU Simona Marcela & PĂUN Tatiana, 2021. "The Need For A Paradigm Shift In Finance: Sustainable Corporate Finance," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(1), pages 33-38, June.
    2. Jian Xu & Binghan Wang, 2019. "Intellectual Capital Performance of the Textile Industry in Emerging Markets: A Comparison with China and South Korea," Sustainability, MDPI, vol. 11(8), pages 1-16, April.
    3. Sebastian Emanuel Stan & Camelia Oprean-Stan & Aurel Mihail Țîțu, 2020. "Digitalization - Sustainable Development Convergence: Metrics And Effects In Romania," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 12(1), pages 1-9, June.
    4. Su Jin Yang & Seyoon Jang, 2020. "How Does Corporate Sustainability Increase Financial Performance for Small- and Medium-Sized Fashion Companies: Roles of Organizational Values and Business Model Innovation," Sustainability, MDPI, vol. 12(24), pages 1-21, December.
    5. Murat Ocak & Derya Fındık, 2019. "The Impact of Intangible Assets and Sub-Components of Intangible Assets on Sustainable Growth and Firm Value: Evidence from Turkish Listed Firms," Sustainability, MDPI, vol. 11(19), pages 1-23, September.
    6. Yuqiu Lu & Guowei Li & Zhe Luo & Muhammad Anwar & Yunju Zhang, 2021. "Does Intellectual Capital Spur Sustainable Competitive Advantage and Sustainable Growth?: A Study of Chinese and Pakistani Firms," SAGE Open, , vol. 11(1), pages 21582440219, February.
    7. Jian Xu & Muhammad Haris & Hongxing Yao, 2019. "Should Listed Banks Be Concerned with Intellectual Capital in Emerging Asian Markets? A Comparison between China and Pakistan," Sustainability, MDPI, vol. 11(23), pages 1-23, November.
    8. Jay Joseph & Marc Orlitzky & Bruce Gurd & Helen Borland & Adam Lindgreen, 2019. "Can business‐oriented managers be effective leaders for corporate sustainability? A study of integrative and instrumental logics," Business Strategy and the Environment, Wiley Blackwell, vol. 28(2), pages 339-352, February.
    9. Quan Tran & Anh‐Tuan Doan & Thao Tran, 2022. "What are the drivers of SMEs' financial performance? The interaction of intellectual capital and ownership," Australian Economic Papers, Wiley Blackwell, vol. 61(4), pages 751-777, December.
    10. Camelia Oprean-Stan & Ionica Oncioiu & Iulia Cristina Iuga & Sebastian Stan, 2020. "Impact of Sustainability Reporting and Inadequate Management of ESG Factors on Corporate Performance and Sustainable Growth," Sustainability, MDPI, vol. 12(20), pages 1-31, October.
    11. Ioniţă Cătălin Gabriel, 2020. "The need for rethinking the model of assessing value in the digital economy context," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 170-181, July.
    12. Simone Carmine & Valentina De Marchi, 2023. "Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective," Journal of Business Ethics, Springer, vol. 184(1), pages 139-158, April.
    13. Jeremy Galbreath, 2018. "Do Boards of Directors Influence Corporate Sustainable Development? An Attention‐Based Analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 27(6), pages 742-756, September.
    14. Yanica P. Dimitrova, 2020. "Corporate Social Responsibility and Innovation – the Meaningful Connection," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 89-108.
    15. Lin Wu & Nachiappan Subramanian & Angappa Gunasekaran & Muhammad Dan‐Asabe Abdulrahman & Kulwant Singh Pawar & Des Doran, 2018. "A two‐dimensional, two‐level framework for achieving corporate sustainable development: Assessing the return on sustainability initiatives," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1117-1130, December.
    16. Hsiao-Yen Mao & Wen-Min Lu & Hsin-Yen Shieh, 2023. "Exploring the Influence of Environmental Investment on Multinational Enterprises’ Performance from the Sustainability and Marketability Efficiency Perspectives," Sustainability, MDPI, vol. 15(10), pages 1-23, May.
    17. Alexandra Zbuchea & Florina Pînzaru & Mihail Busu & Sergiu-Octavian Stan & Alina Bârgăoanu, 2019. "Sustainable Knowledge Management and Its Impact on the Performances of Biotechnology Organizations," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    18. Andrea C. Martinez‐Lozada & Angela Espinosa, 2022. "Corporate viability and sustainability: A case study in a Mexican corporation," Systems Research and Behavioral Science, Wiley Blackwell, vol. 39(1), pages 143-158, January.
    19. Edilson Bacinello & Gérson Tontini & Anete Alberton, 2021. "Influence of corporate social responsibility on sustainable practices of small and medium‐sized enterprises: Implications on business performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 776-785, March.
    20. Guangchun Jin & Jian Xu, 2022. "Does Intellectual Capital Affect Financial Leverage of Chinese Agricultural Companies? Exploring the Role of Firm Profitability," Sustainability, MDPI, vol. 14(5), pages 1-14, February.

    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:gam:jsusta:v:12:y:2020:i:10:p:4150-:d:360113. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.