Purpose (mandatory): Carry out an analysis of the financial statements and legal certification of accounts, of a group of companies that make up the Portuguese stock market index (PSI20) and Spanish stock market index (IBEX35), during the period in which pandemic control restrictions, to understand the auditor's assessment in relation to the going concern assumption, estimates and events after the balance sheet date. <Arial 11; spacing 1, extra space after the paragraph – 8pt> Methodology (mandatory): A qualitative methodology was adopted, through content analysis of the financial statements and legal certifications of the accounts to assess the auditor's assessment of the material aspects related to the going concern assumption, present in assessments of events after the balance sheet date. < Arial 11; spacing 1, extra space after the paragraph – 8pt> Results (mandatory): The companies analyzed presented very similar disclosures and opinions, both in Portugal and in Spain. The companies, between 2019 and 2022, spoke out about the impacts that the Covid-19 pandemic caused. However, none of them presented significant impacts that would affect their continuity. There were no changes to the estimates made by companies, because of the Covid-19 pandemic. < Arial 11; spacing 1, extra space after the paragraph – 8pt> Research limitations (if applicable): The lack of literature within the scope of this study, particularly on accounting estimates. As a limitation, we also highlight the fact that it was not possible to obtain a large part of the financial statements and legal certifications of the accounts of the companies that make up the Spanish stock market index. < Arial 11; spacing 1,5, extra space after the paragraph – 8pt> Originality (mandatory): This study explores matters on which auditors must comment, in addition to the fact that this analysis takes place in a period of uncertainty and doubts regarding the organizations' activities.

• Autor(es): Costa, Vânia ; Silva, Lurdes ; Loureiro, Paula
• Data: 2025
• Identificador Persistente: http://hdl.handle.net/11110/3152
• Origem: Politécnico do Cávado e do Ave
• Assunto(s): Intellectual Capital; Coefficient of Intellectual Value Added (VAICTM); Tourism Sector; Portuguese Tourism Regions; Covid-19 Crisis
• Tipo de Documento: Artigo científico
• Idioma: Inglês

Descrição

This work aims to identify the efficiency of intellectual capital in companies in the hospitality sector and to analyse the impact that the Covid pandemic has on the efficiency of intellectual capital in Portuguese regions. This study applies the Value Added Intellectual Coefficient (VAICTM) method according to Pulic (1998). The economic and financial data come from the Iberian Balance sheet Analysis System (SABI). The study was conducted with a selection of active companies with turnover in the years 2019 and 2020, resulting in a sample of 4.383 hotels in Portugal in the pre-pandemic period (the year 2019) and in the pandemic period (the year 2020). This study identifies the value added that contributes to value creation in organizations and analyses this value between Portuguese tourism regions because of the impact of the Pandemic Crisis in the sector. The average results for the total sample show that tourism businesses had a significant decrease in VAICTM from 2019 to 2020. The results show that the Lisboa e Vale do Tejo, Açores, and Algarve regions have the largest decrease in the value of VAICTM in the year 2020. The Alentejo region was the region that felt the least the impact of the pandemic crisis. These results reveal that the more mature tourist areas lost the most intellectual added value.