engleski

Intellectual capital and Financial Performance of Wood Processing Enterprises in Republic Croatia

This paper deals with theoretical and empirical identification of interdependencies and impact of intellectual capital on the profitability of wood processing enterprises in the Republic of Croatia. The profitability of an enterprise depends on many external and internal factors. One of the key factors, if not the most crucial one, is its development and perspective. This problem can be analysed from the management standpoint, which leads to the hypothesis that the profitability and market position of an enterprise largely depends on its intellectual capital. The performance measures used were net profit margin, organization efficiency, return on assets (ROA), return on equity (ROE), Intellectual Capital efficiency, whereas IC efficiency was measured using value added intellectual coefficient (VAIC™).The empirical part of this study was based upon yearly financial reports of Croatian wood processing enterprises listed on http://www.biznet.hr/.

Wood Processing; Enterprises Intellectual capital; VAIC™; ROE; ROA

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