Abstract
Nowadays, start-ups, assuming increasing importance, have the possibility to include intangible knowledge as another resource on which they can carry out planning exercises, impact studies, evaluation and monitoring, protection, accumulation and exploitation. The study carried out in this paper allows us to analyze the influence that intangible knowledge has on the financial status of a start-up and, therefore, on its economic sustainability. This enables start-ups to present a good image, become more transparent, have more opportunities, reduce uncertainty, improve sustainability, etc. Moreover, the study presents a descriptive analysis of intangibles according to regions and activity sectors. An analysis of variance was carried out, to see if there is a relationship between the investment in intangible assets and the activity sector and/or regions to which the company belongs. The study concludes that, among all sectors, the differences in the incorporation of intangible assets into financial statements are most recognized in tourism, which may be a key factor for the sustainability of this sector, especially in periods of economic crisis, such as the one Europe and the planet are currently facing.
Highlights
From the late 1990s to the present day, the business world and financial markets have undergone a series of changes and transformations that have brought about new risks and, in turn, many opportunities
We can highlight: The distribution of activities, by number of companies, that incorporate more intangibles in their balance sheet differs between the different regions, and there are substantial differences in the tourism, construction, services and trade sectors [61,62] In absolute terms, the recognition of intangible assets of companies with an average life of 4 years stands at EUR 45,000 and EUR 3000
When it comes to industry and tourism, Catalonia precedes the list, while Andalusia stands below the Spanish average in all sectors, except from agriculture
Summary
From the late 1990s to the present day, the business world and financial markets have undergone a series of changes and transformations that have brought about new risks and, in turn, many opportunities. The company has gone from a static situation with little relationship with the markets, to a situation of continuous change, increased globalization, the need to increase flexibility and a greater dependence on external agents (national and international administrations, financial entities, clients, suppliers, competitors, investors, etc.) [1]; and all this is in aid of seeking an adaptation to the new environment that is still being built today [2,3]. John Wiley & Sons, Inc., Hoboken, New Jersey), to an innovative business model [4], where technology has generated plenty of opportunities. Among the most disruptive technologies we can highlight: artificial intelligence, Internet of Things, digital manufacturing, robotics, the blockchain, unmanned air vehicles and virtual and augmented reality, among others
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