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Organizational capital and firm performance. Empirical evidence for European firms

Author

Listed:
  • Claudia Tronconi
  • Giuseppe Vittucci Marzetti

    ()

Abstract

The paper assesses the impact of Organizational Capital (OC) on firm perfor- mance for a sample of European firms. OC is proxied by capitalizing an income statement item (SGA expenses). A rationale for this methodology is provided. Results are robust and show the strong effect of OC on firm performance.

Suggested Citation

  • Claudia Tronconi & Giuseppe Vittucci Marzetti, 2010. "Organizational capital and firm performance. Empirical evidence for European firms," Department of Economics Working Papers 1018, Department of Economics, University of Trento, Italia.
  • Handle: RePEc:trn:utwpde:1018
    as

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    File URL: http://www.unitn.it/files/download/8303/18_10.tronconivittucci.pdf
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    References listed on IDEAS

    as
    1. Sandra E. Black & Lisa M. Lynch, 2005. "Measuring Organizational Capital in the New Economy," NBER Chapters, in: Measuring Capital in the New Economy, pages 205-236, National Bureau of Economic Research, Inc.
    2. Sandro Montresor, 2004. "Resources, capabilities, competences and the theory of the firm," Journal of Economic Studies, Emerald Group Publishing, vol. 31(5), pages 409-434, October.
    3. Kim, H Youn, 1992. "The Translog Production Function and Variable Returns to Scale," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 546-552, August.
    4. Elizabeth Webster & Paul H. Jensen, 2006. "Investment in Intangible Capital: An Enterprise Perspective," The Economic Record, The Economic Society of Australia, vol. 82(256), pages 82-96, March.
    5. Baruch Lev & Suresh Radhakrishnan, 2005. "The Valuation of Organization Capital," NBER Chapters, in: Measuring Capital in the New Economy, pages 73-110, National Bureau of Economic Research, Inc.
    6. Supriyo De & Dilip Dutta, 2007. "Impact of Intangible Capital on Productivity and Growth: Lessons from the Indian Information Technology Software Industry," The Economic Record, The Economic Society of Australia, vol. 83(s1), pages 73-86, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Hiroki Arato & Katsunori Yamada, 2012. "Japan's Intangible Capital and Valuation of Corporations in a Neoclassical Framework," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 459-478, October.
    2. Rammer, Christian & Roth, Felix & Trunschke, Markus, 2020. "Measuring organisation capital at the firm level: A production function approach," ZEW Discussion Papers 20-021, ZEW - Leibniz Centre for European Economic Research.
    3. Wen Chen & Robert Inklaar, 2016. "Productivity spillovers of organization capital," Journal of Productivity Analysis, Springer, vol. 45(3), pages 229-245, June.
    4. HARADA Nobuyuki, 2014. "Intangible Investments and their Consequences: New evidence from unlisted Japanese companies," Discussion papers 14058, Research Institute of Economy, Trade and Industry (RIETI).
    5. Wen Chen, 2018. "Cross‐Country Income Differences Revisited: Accounting for the Role of Intangible Capital," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(3), pages 626-648, September.
    6. Shenglang Yang, 2016. "Intangible capital and sectoral energy intensity: Evidence from 40 economies," ANU Working Papers in Economics and Econometrics 2016-646, Australian National University, College of Business and Economics, School of Economics.
    7. MORIKAWA Masayuki, 2014. "Are Large Headquarters Unproductive? Evidence from a panel of Japanese companies," Discussion papers 14036, Research Institute of Economy, Trade and Industry (RIETI).
    8. Morikawa, Masayuki, 2015. "Are large headquarters unproductive?," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 422-436.

    More about this item

    Keywords

    Intangibles; Knowledge-based resources; Organizational capital; R&D capital stock; Translog production function;

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • D29 - Microeconomics - - Production and Organizations - - - Other
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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