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The Impact of Hybrid Workplace Models on Intangible Assets: The Case of an Emerging Country

Author

Listed:
  • Milenko Radonic

    (University of Belgrade, Belgrade, Serbia)

  • Valentina Vukmirovic

    (Institute of Economic Sciences, Belgrade, Serbia)

  • Milos Milosavljevic

    (University of Belgrade, Belgrade, Serbia)

Abstract

As part of a safety-first principle during the COVID-19 pandemics, the vast majority of companies have enabled flexible working environments, reducing the number of employees in the premises. The global best practices have firstly been recorded among the ICT companies which offered teleworking to their employees, empowering safety and flexibility through remote work policies and flexible working hours. Although hybrid working models might become a standard in many industries, only a paucity of papers has examined the relationship between novel working environments and various classes of intangible assets. The aim of this paper is to present the effects of hybrid working models (telework and flexible working hours) on intangible assets (human, relational, structural and intellectual capital). While the existing hybrid work principles have already shown mixed effects on corporate outcomes, its impact on intangible assets remains unrevealed. To address this research gap, we conducted an empirical study. Primary data were collected in the Serbian ICT sector (N=122) using a structured questionnaire developed for this purpose. Data was analyzed with the OLS regression. The results confirm the positive effects of the hybrid working model on intangible assets of ICT companies, which could further propel the financial success of these companies. In general, these results imply that hybrid working models, which are becoming a standard for many industries, would not jeopardize the creation of intangible assets – the ultimate resource of modern companies.

Suggested Citation

  • Milenko Radonic & Valentina Vukmirovic & Milos Milosavljevic, 2021. "The Impact of Hybrid Workplace Models on Intangible Assets: The Case of an Emerging Country," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 23(58), pages 770-770, August.
    • Handle: RePEc:aes:amfeco:v:23:y:2021:i:58:p:770
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    Cited by:

    1. Miloš Milosavljević & Milan Okanović & Slavica Cicvarić Kostić & Marija Jovanović & Milenko Radonić, 2023. "COVID-19 and Behavioral Factors of e-Payment Use: Evidence from Serbia," Sustainability, MDPI, vol. 15(4), pages 1-13, February.
    2. Elpidio Maria Garzillo & Arcangelo Cioffi & Angela Carta & Maria Grazia Lourdes Monaco, 2022. "Returning to Work after the COVID-19 Pandemic Earthquake: A Systematic Review," IJERPH, MDPI, vol. 19(8), pages 1-37, April.
    3. Wadim Strielkowski & Aida Guliyeva & Ulviyya Rzayeva & Elena Korneeva & Anna Sherstobitova, 2021. "Mathematical Modeling of Intellectual Capital and Business Efficiency of Small and Medium Enterprises," Mathematics, MDPI, vol. 9(18), pages 1-21, September.

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    More about this item

    Keywords

    hybrid workplace models; flexible working; teleworking; intangible assets; human capital; relational capital; structural capital; intellectual capital;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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