| Title |
Intangible asset management framework: an empirical evidence |
| ID_Doc |
70206 |
| Authors |
Chareonsuk, C; Chansa-ngavej, C |
| Title |
Intangible asset management framework: an empirical evidence |
| Year |
2010 |
| Published |
Industrial Management & Data Systems, 110, 7 |
| DOI |
10.1108/02635571011069121 |
| Abstract |
Purpose - The purpose of this paper is to explore the interrelationships of intangible assets to business performance. The paper reports an empirical evidence for the impact of three elements of intangible assets: learning and growth, internal business process, and external structure on the business performance of the firm. The linkages between intangible asset elements and business performance are investigated in companies of various business sizes, business sectors and establishment ages. Design/methodology/approach - The proposed model was adapted from the balanced scorecard strategy map. The primary data for analyzing and investigating the interrelationships between intangible assets and business performance were gathered by subjective opinion survey questionnaire. In all, 3,084 questionnaires were distributed to the top management. The numbers of qualified responses were 304 and the data were analyzed using the structural equation modeling technique. Findings - The commonly assumed causal relationships are confirmed, i.e. the element of learning and growth has influence on internal business process, the element of internal process has effect on external structure, and the element of external structure, in turn, has effect on business performance. Originality/value - Following the research findings, top management in companies of different sizes, business sectors, and establishment ages should understand the nature of interrelationships and recognize the importance of intangible assets. These findings will enable top management to realize the impact of intangible asset elements on business performance so that long-term strategies for effective intangible asset management may be emphasized for sustainable competitive advantage of the firm. |
| Author Keywords |
Thailand; Intangible assets; Balanced scorecard; Business performance; Management strategy |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000282918900008 |
| WoS Category |
Computer Science, Interdisciplinary Applications; Engineering, Industrial |
| Research Area |
Computer Science; Engineering |
| PDF |
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