Relational Capital and Company Value in Terms of the Global Economic Crisis
This topic is of particular interest for those who are interested in the modern concepts of successful firm performance. I’ll start with the motivation for current research. Second, I’ll be looking at the issues connected with some basic definitions. After that, I’ll move on to the research framework. Next, I’ll present you the description of the sample for my paper. I’ll end with some predicted outcomes and limitations of research. It will take about 7 minutes to cover these issues. There will be a time for questions after my presentation.
Now let’s move on to the first issue of my presentation – it’s the motivation for research. According to a huge number of papers, strategic intangible resources today are considered as a key to success in the value creation process. Particularly, some authors introduce the importance of investments to intangibles for company performance during the global crisis. One of such strategic resources is relational capital which is connected with all business processes, particularly with the value creation. Despite of the importance of collaboration for firm competitiveness, we could not see enough empirical papers that confirm a positive impact of cooperation on firm outcomes like a company value, especially during crisis period.
The paper is focused on the advantages of interfirm relationships for company value creation. Specifically, the key research question is following: Does relational capital become more relevant for value creation process during the crisis period?
Now I think that we need to identify some basic concepts. The empirical and theoretical studies give different meanings of relational capital. On this slide you can see only two definitions of this term. In common, in economic literature the term “capital” refers to a commodity itself used in the production of other goods and services. The adjective “relational” claims that a particular capital consists of some kind of relationships in the production process. It
Now let’s move on to the first issue of my presentation – it’s the motivation for research. According to a huge number of papers, strategic intangible resources today are considered as a key to success in the value creation process. Particularly, some authors introduce the importance of investments to intangibles for company performance during the global crisis. One of such strategic resources is relational capital which is connected with all business processes, particularly with the value creation. Despite of the importance of collaboration for firm competitiveness, we could not see enough empirical papers that confirm a positive impact of cooperation on firm outcomes like a company value, especially during crisis period.
The paper is focused on the advantages of interfirm relationships for company value creation. Specifically, the key research question is following: Does relational capital become more relevant for value creation process during the crisis period?
Now I think that we need to identify some basic concepts. The empirical and theoretical studies give different meanings of relational capital. On this slide you can see only two definitions of this term. In common, in economic literature the term “capital” refers to a commodity itself used in the production of other goods and services. The adjective “relational” claims that a particular capital consists of some kind of relationships in the production process. It