Network of Intangible Resources on the Example of Technology Sector

Purpose:The aim of the article is to examine the impact of corporate intangible resources, such as goodwill, intangible assets, research and development (RandD), and marketing on corporate financial performance (ROA, ROE) in technology enterprises from index SandP 500.Design/Methodology/Approach: Intangible resources have been defined by four independent variables and corporate financial performance by two dependent variables.Additionally, there have been used two control variables: size and leverage.Author has used Fixed Effects Model (FEM) to examine the impact of intangible resources on financial performance.Findings: Research results show that intangible resources such as intangible assets have the significant impact on ROA and ROE in tecdhnology enterprises from index SandP 500 during the analyzed period from 2019 to 2023 (p < 0,05).Confirmation of the positive impact indicates that intangible resources can be a key and decisive element in the process of maximizing profit.Practical Implications: The analysis reveals that a key component of the network of intangible resources-intangible assets-significantly enhances financial performance, emphasizing their importance in corporate strategies for technology firms listed on the SandP 500.Conversely, goodwill and marketing show a less immediate financial impact, suggesting a need to reassess related expenditures and focus on efficiency and profitability.Originality/Value: The paper's original contribution lies in presenting a model estimating the impact of intangible resources on corporate financial performance.The study highlights the importance of a firm's intangible resources in organizational performance and provides a broader perspective to investigate the influence of other intangible resources on financial outcomes.