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Intangible expenses: a solution to increase the French wine industry performance?
Abstract : This paper presents an empirical investigation of the link between intangible expenses of French wine companies and their financial performance. A flexible moment-based approach is used to analyse the impact of tangible and intangible expenses on the mean, variance and skewness of profit. Econometric evidence shows that a high level of intangible expenses has a positive impact on performance by increasing the expected profit and reducing variance risk. A lower level of intangible expenses reduces risk and mean of profit of corporations. This study provides insights on the use of intangible expenses as a risk management tool.
https://halshs.archives-ouvertes.fr/halshs-00657391
Contributor : Naïla Louise-Rose <>
Submitted on : Friday, January 6, 2012 - 3:00:34 PM
Last modification on : Friday, February 5, 2021 - 10:10:06 AM
Contributor : Naïla Louise-Rose <>
Submitted on : Friday, January 6, 2012 - 3:00:34 PM
Last modification on : Friday, February 5, 2021 - 10:10:06 AM