An Intangible-Intensive Profile of Companies: Protection During the Economic Crisis 2008-2009
22 Pages Posted: 19 Feb 2015 Last revised: 29 Aug 2015
Date Written: January 15, 2015
This study explores the successful strategies of companies during the 2008-2009 economic crisis. We investigate whether it is reasonable for companies to intensify intangibles when markets fall. This paper aims to find empirical evidence that companies with a clear intangible-intensive profile are likely to outperform those without a strategy. The results established in this study shed some light on the global economic crisis in 2008-2009. More than 1600 European companies were involved in the empirical analysis. The findings of this study demonstrate that companies with a conservative profile in intangibles outperform moderate and innovative ones. Still an innovative profile enables a faster recovery after a crisis.
Keywords: economic crisis 2008-2009, strategic profile, intangible-intensive company
JEL Classification: O30, G30
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