Intangible Value Creation Through Teamwork
Sagarika Mishra et al.
Abstract
Using a sample of US firms from 1993 to 2023, comprising 38,502 firm‐year observations, we find that collaboration culture positively correlates with intangible value creation. We identify corporate innovation and human capital as the mechanisms via which collaboration correlates with intangible value creation. Our results remain robust to endogeneity concerns using firm fixed effects, propensity score matching, and a difference‐in‐differences approach. Our results remain valid when using alternative measures of collaboration culture. The positive relation between collaboration culture and intangible capital is more prominent among firms that do not undertake M&A activities and face more intense product market competition.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.