Financial and Non-Financial Reporting – an Attempt to Correlation Between Selected Chosen Variables

  • Marta PODOBIŃSKA-STANIEC Ph.D., Eng.; AGH University of Science and Technology
  • Robert RANOSZ Ph.D., DSc, Eng. ; AGH University of Science and Technology;
DOI: https://doi.org/10.29227/IM-2019-01-49
Keywords: intellectual capital, financial reporting, correlation

Abstract

This paper describes a study designed to find correlations between intellectual capital efficiency, measured using the Value Added
Intellectual Coefficient (VAIC), and selected components of reports submitted by KGHM Polska Miedź S.A., a Polish mining company.
The study examined such components as the company’s intangible assets, number of jobs/FTEs (Full-time equivalent) and
the net financial result. The timeframe explored here is the period between 2004 and 2018 (the last 14 years). We assumed that
intellectual capital efficiency should be correlated with intangible assets, which are part of fixed assets, but the results of our study
proved otherwise. Our analysis demonstrated that intellectual capital efficiency was correlated the strongest with the company’s
financial performance.

Published
2021-04-27
How to Cite
PODOBIŃSKA-STANIEC, M., & RANOSZ, R. (2021). Financial and Non-Financial Reporting – an Attempt to Correlation Between Selected Chosen Variables. Test, 1(1). https://doi.org/10.29227/IM-2019-01-49
Issue
Vol 1 No 1 (2019): Inżynieria Mineralna
Section
ARTICLES

This journal permits and encourages authors to post items submitted to the journal on personal websites or institutional repositories both prior to and after publication, while providing bibliographic details that credit, if applicable, its publication in this journal.