https://ajfa.macrothink.org/index.php/ajfa/issue/feedAsian Journal of Finance & Accounting2025-07-15T08:08:33+00:00Sofia Andersonajfa@macrothink.orgOpen Journal Systems<p>Asian Journal of Finance & Accounting (AJFA) is an internationally refereed journal published twice annually in June and December. The Journal is dedicated to the development, promotion and understanding of finance and accounting in their widest sense. Its main objective is to provide an online forum to disseminate findings of research in the fields of finance and accounting worldwide.</p> <p>The editorial board welcomes original submissions in English. Apart from research articles it also accepts research notes. The number of words for a research article should preferably be between 5,000 and 8,000 and that for a research note should preferably be between 2,000 and 3,000. The Editorial Board also welcomes reviews of books published in English. The maximum number of words for a book review should be 1,000.</p> <p>The following are some of the topical areas (but not limited to) relevant to the journal:</p> <p><strong>Finance:</strong></p> <p>- Behavioural finance</p> <p>- Efficiency of stock and foreign exchange markets</p> <p>- International parity conditions</p> <p>- Valuation of securities</p> <p>- Mergers and acquisitions</p> <p>- Cost of capital and capital budgeting</p> <p>- Modelling time-varying volatility of financial assets</p> <p>- Time-varying correlations, betas and copulas</p> <p>- Market microstructure</p> <p>- Islamic finance</p> <p> <strong>Accounting:</strong></p> <p>- Financial reporting and international financial reporting standards</p> <p>- Public sector accounting and auditing</p> <p>- Corporate governance</p> <p>- Audit expectation gap</p> <p>- Market for audit services</p> <p>- Determinants of job satisfaction of accounting academics</p> <p>- Determinants of various disclosures in company annual reports</p> <p>- Earnings management</p> <p>- Auditing standards</p> <p> </p> <p>The journal is published online <strong>semiannually in June and December.</strong> We aim to post articles online within 3 weeks of acceptance. The journal accepts article submissions <a href="https://ajfa.macrothink.org/index.php/ajfa/about/submissions#onlineSubmissions"><strong>online</strong></a> or by <a href="mailto:ajfa@macrothink.org"><strong>e-mail</strong></a>. For any questions, please contact: <strong>ajfa@macrothink.org</strong></p> <p> </p> <p>The journal is included and abstracted in: </p> <ul> <li class="show"><a href="https://www.econbiz.de/Search/Results?lookfor=Asian+Journal+of+Finance+%26+Accounting&type=AllFields"><strong>EconBiz</strong></a></li> <li class="show"><a href="http://ezb.uni-regensburg.de/ezeit/detail.phtml?bibid=AAAAA&colors=7&lang=en&jour_id=125101"><strong>Electronic Journals Library</strong></a></li> <li class="show"><a href="http://scholar.google.com/"><strong>Google Scholar</strong></a></li> <li class="show"><a href="https://pkp.sfu.ca/"><strong>PKP Open Archives Harvester</strong></a></li> <li class="show"><strong><a href="http://www.proquest.com/">ProQuest</a></strong></li> <li class="show"><strong><a href="http://www.sherpa.ac.uk/romeo/index.php">SHERPA/RoMEO</a></strong></li> <li class="show"><a href="http://www.oxbridge.com/SPDCluster/theSPD.asp"><strong>The Standard Periodical Directory</strong></a></li> </ul>https://ajfa.macrothink.org/index.php/ajfa/article/view/18994The The Impact of Intangible Assets on Company Performance in Georgia2025-07-15T08:08:33+00:00Gurgen Kalashyang.kalashiani@gmail.com<p><strong>Objective</strong>: This study investigates the effect of intangible assets on the financial performance of companies in Georgia. The focus is on how intangible resources, measured by the Representativeness of Intangible Assets (RIA), influence Return on Assets (ROA) as a key performance indicator.</p> <p><strong>Methodology</strong>: The research utilizes a panel regression analysis with a fixed-effects model to examine the relationship between intangible assets and company performance. The dataset comprises financial reports from 845 Georgian companies, spanning the period from 2019 to 2022, obtained from the Service for Accounting, Reporting, and Auditing Supervision of Georgia. The study excludes companies from the financial industry and those with negative equity.</p> <p><strong>Results</strong>: The findings indicate that intangible assets have a significant and positive impact on firm performance. The study reveals that companies with a higher proportion of intangible assets outperform their peers, supporting the hypothesis that investment in intangible resources leads to improved profitability. Company-specific factors also play a substantial role in determining firm performance.</p> <p><strong>Conclusions</strong>: This study provides empirical evidence that intangible assets are key drivers of profitability in Georgian companies. It highlights the importance of intangible resources in achieving competitive advantages, particularly in emerging markets transitioning towards knowledge-based economies. Limitations include incomplete disclosure of intangible assets in company financial statements, which may affect the analysis' comprehensiveness.</p> <p><strong>Implications</strong>: The study offers insights for corporate strategy and policy, emphasizing the need for companies to invest in intangible assets and for policymakers to foster an environment conducive to the development of these resources.</p>2025-07-15T00:00:00+00:00Copyright (c) 2025 Gurgen Kalashyan