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https://doi.org/10.17535/crorr.2017.0010

An analysis of human capital investments, profitability ratios and company features in the EU

Snježana Pivac   ORCID icon orcid.org/0000-0001-6646-3524 ; Faculty of Economics, University of Split, Cvite Fiskovića 5, 21000 Split, Croatia
Željana Aljinović Barać   ORCID icon orcid.org/0000-0002-8090-4186 ; Faculty of Economics, University of Split, Cvite Fiskovića 5, 21000 Split, Croatia
Ivana Tadić   ORCID icon orcid.org/0000-0002-2001-8510 ; Faculty of Economics, University of Split, Cvite Fiskovića 5, 21000 Split, Croatia

Puni tekst: engleski, pdf (217 KB) str. 167-180 preuzimanja: 1.640* citiraj
APA 6th Edition
Pivac, S., Aljinović Barać, Ž. i Tadić, I. (2017). An analysis of human capital investments, profitability ratios and company features in the EU. Croatian Operational Research Review, 8 (1), 167-180. https://doi.org/10.17535/crorr.2017.0010
MLA 8th Edition
Pivac, Snježana, et al. "An analysis of human capital investments, profitability ratios and company features in the EU." Croatian Operational Research Review, vol. 8, br. 1, 2017, str. 167-180. https://doi.org/10.17535/crorr.2017.0010. Citirano 16.10.2021.
Chicago 17th Edition
Pivac, Snježana, Željana Aljinović Barać i Ivana Tadić. "An analysis of human capital investments, profitability ratios and company features in the EU." Croatian Operational Research Review 8, br. 1 (2017): 167-180. https://doi.org/10.17535/crorr.2017.0010
Harvard
Pivac, S., Aljinović Barać, Ž., i Tadić, I. (2017). 'An analysis of human capital investments, profitability ratios and company features in the EU', Croatian Operational Research Review, 8(1), str. 167-180. https://doi.org/10.17535/crorr.2017.0010
Vancouver
Pivac S, Aljinović Barać Ž, Tadić I. An analysis of human capital investments, profitability ratios and company features in the EU. Croatian Operational Research Review [Internet]. 2017 [pristupljeno 16.10.2021.];8(1):167-180. https://doi.org/10.17535/crorr.2017.0010
IEEE
S. Pivac, Ž. Aljinović Barać i I. Tadić, "An analysis of human capital investments, profitability ratios and company features in the EU", Croatian Operational Research Review, vol.8, br. 1, str. 167-180, 2017. [Online]. https://doi.org/10.17535/crorr.2017.0010

Sažetak
The aim of this paper is to explore the dynamics between human capital investments and company profitability measured by return on equity and profit margin ratios using panel data analysis over a five-year period. The research hypothesis assumes that more profitable companies have higher employee costs (human capital investment) and the opposite is also true. This specially refers to companies in human-capital-intensive industries, such as the information technology industry, where a company’s most valuable asset is employee knowledge. Thus, the assumption is that such entities will have a greater part of intellectual capital capitalized through trademarks. Furthermore, this paper analyses whether the level of human capital investments significantly differ with regard to company size and listing status. Verification of empirical evidence is provided using a sample of approx. 5,000 companies in the European Union from the information technology industry for the period 2011-2015, i.e. approx. 25,000 company-year observations using an adequate panel data analysis technique.

Ključne riječi
panel analysis; human capital investments; return on equity; listing status; EU

Hrčak ID: 181655

URI
https://hrcak.srce.hr/181655

Posjeta: 1.963 *