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The quadratic relationship between intangible assets and growth in Portuguese SMEs

Author

Listed:
  • Paulo Maçãs Nunes

    (Management and Economics Department, Beira Interior University, Covilhã, Portugal)

  • Alcina Almeida

    (CEFAGE Research Center, Évora University, Portugal)

Abstract

This article shows new empirical evidence concerning the growth determinants of SMEs. Specifically, we identify the existence of a quadratic relationship between the level of intangible assets of Portuguese SMEs and their growth. Based on the results obtained here, we conclude that intangible assets represents a catalyst for growth only when accounting for a significant proportion of total assets. A relatively weaker presence of intangibles might in fact inhibit growth.

Suggested Citation

  • Paulo Maçãs Nunes & Alcina Almeida, 2009. "The quadratic relationship between intangible assets and growth in Portuguese SMEs," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(25), pages 151-158, February.
    • Handle: RePEc:aes:amfeco:v:11:y:2009:i:25:p:151-158
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    References listed on IDEAS

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    Cited by:

    1. Roxana-Gabriela Mozolea & Sorin Gabriel Anton, 2021. "The Impact of Investments in Intangible Assets and Implications on SMEs’ Performance. A Systematic Literature Review," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1060-1071, December.
    2. Nuno Gonçalves & Carlos Carreira, 2023. "Intangible Capital and Productivity of Portuguese Firms in the Last Decade (2010-2019)," Notas Económicas, Faculty of Economics, University of Coimbra, issue 56, pages 110-132, July.

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    More about this item

    Keywords

    Growth; Intangible Assets; Portuguese SMEs;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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