文章基本信息

标题：APPLICABILITY OF THE PROFIT PER EMPLOYEE AS A MEASURE OF BUSINESS PERFORMANCE
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作者：Francisca Soraia Ferreira Leite ; Hugo Santana de Figueirêdo Junior ; Vicente Lima Crisóstomo 等
期刊名称：Revista de Gestão, Finanças e Contabilidade
印刷版ISSN：2238-5320
出版年度：2013
期号：1812
页码：75-93
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出版社：University of State of Bahia
摘要：With the changes in the business environment, intangible assets, potentially generated by the intellectual capital, have become more relevant. This study aimed to analyze and test the applicability of an alternative business performance metric: profit per employee (PE). An exploratory research was conducted through case studies of three companies listed in BM&FBOVESPA in the period 2006-2009. From the firms’ financial reports, firms' performance were measured using ROA, ROE, and the PE. Share prices were used as proxy for value creation. An empirical study showed that the correlation between PE and share prices was higher and more significant than the correlation with traditional metrics for the firm most intensive in intellectual capital. For the other firms, traditional metrics presented higher correlation. Hence, the PE seems to be relevant for companies intensive on intellectual capital. This finding highlights that this business performance metric, which includes the effect of the intellectual workforce, is an important contribution to the literature on intangibles.