Corporate financial performance and value creation: the coherence of intangible assets and corporate social responsibility

Abstract

The paper analyses the importance of intangible assets and corporate social responsibility to a modern enterprise. Referencing to the literature, the article provides the answer to the questions of the existence of the coherence between intangible assets and corporate social responsibility and the existence of positive relationship between intangible assets, corporate social performance and corporate financial performance. The formality and sophistication of the process used to increase corporate social performance depends on the size and sophistication of the company, as well as the nature and complexity of its activities. The principles focused in the paper have broad applicability to all companies. In particular, good management intangible assets and social responsible activities are crucial elements of high corporate performance indicators at a company of any size or scope of operations.