Investing in Intangible Assets Boosts Firms' Competitive Edge and Performance
Investing in intangible resources like intellectual capital, financial capability, and corporate social responsibility can help small and medium enterprises in Pakistan improve their performance. By studying 329 SMEs, researchers found that these investments have a significant impact on firm performance. Specifically, financial capability and corporate social responsibility indirectly boost performance through sustainable competitive advantage. This means that focusing on these areas can lead to better outcomes for businesses in Pakistan.