Dynamic capital asset accumulation and value of intangible assets: An operations management perspective

Andrew S. Manikas, Pankaj C. Patel*, Pejvak Oghazi

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

Extending the dynamic resource accumulation framework to operations management, we propose that the stock of younger capital assets and flow of capital assets are positively associated with the value of intangible assets, an increasingly predominant basis of competitive advantage. Based on a sample of 1390 manufacturing firms representing 8255 firm-year observations, the stock of younger capital assets was positively related to the value of intangible assets, an association that was strengthened by higher inventory efficiency. However, we also found that the flow of capital assets is negatively related to the value of intangible assets, an association that is further exacerbated by high production efficiency. Our findings explain how operations management could play an important role in influencing the intangible asset value of manufacturing firms.
Original languageEnglish
Peer-reviewed scientific journalJournal of Business Research
Volume103
Pages (from-to)119-129
Number of pages11
ISSN0148-2963
DOIs
Publication statusPublished - 2019
MoE publication typeA1 Journal article - refereed

Keywords

  • 512 Business and Management
  • capital assets
  • operations management
  • stock and flow of assets
  • intangible assets

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