INTELLECTUAL CAPITAL REPORTING: NEW ACCOUNTING FOR THE NEW ECONOMY

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Peter Demediuk

2002-01-01

Full Text Available In the 'new economy', ideas, practices and innovations that arise from the creation of intellectual capital have become a pre-eminent economic resource and the basis for competitive advantage. Attempts to develop cogent accounting praxis that makes intellectual capital discussable and therefore actionable, are constrained by the granular nature of existing definitions and taxonomies of intellectual capital. As a response to this lack of clarity, a model has been proposed that maps how a group of knowledge workers characterise the drivers and outcomes of their human creativity. The model indicates that accounting must break away from the traditional frame of reference that is 'the artifact', 'the entity', 'management control' and 'uniform reporting models'. At issue is whether the same set of measurement tools can provide descriptions of reality that have meaning for the decision making of individuals, and yet provide appropriate resourcing signals, evaluative information, and signs of legitimacy that are required by institutional management and other stakeholders.

Intellectual capital: Measurement, recognition and reporting

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Christo Johannes Cronje

2013-02-01

Full Text Available In the past few decades, the economy has moved from an industrial to a knowledge economy. Consequently, basic factors of production now no longer comprise only natural resources, capital and labour, but also intellectual capital. Despite the shift from an industrial to a knowledge economy, the accounting framework and financial reporting have not changed sufficiently to include intellectual capital. The research problem attempts to explore whether the theory of accounting should be modified for a standardised and comparable approach when accounting and reporting on intellectual capital. To solve the research problem, a literature review and content analysis on corporate annual reports were used. The results of this study indicate that the theory of accounting should be modified to ensure a standardised and comparable approach when accounting and reporting on intellectual capital in corporate annual reports.

Intellectual Capital During the Worldwide Economic Crisis

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Ph. D. Candidate Anca Domnica Lupu

2009-05-01

Full Text Available Reality revealed a very important resource that can act for or against a business, its administration having a crucial influence.It is the intellectual capital we are talking about, mainly based on knowledge. Under the current economic situation we have to find that ideal solution that is able to get the economy out of the crysis, to find the blue ocean. The main question here is that if a correct evaluation of intellectual capital will help economies get their goals. The main idea we can withdraw out of these theories is that values have changed the ierarchy, that is the psyhical resources ceased their place to intangible assets that tend to become more and more important for the companies.

The Role of Intellectual Capital and Entrepreneurial Characteristics as Innovation Drivers

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Nadia Ugalde-Binda

2014-05-01

Full Text Available Innovation and entrepreneurship are essential organizational strategies to find a way out of the world crisis affecting today’s firms. Thus, the study of how organizational factors, like intellectual capital or entrepreneur characteristics, affects the success of an innovative entrepreneurial project is of utmost importance in helping current organizations find a solution to this problem. Intellectual capital involves investment in human, structural and relational capital. Consequently, our research goal centres on analyzing the influence of intellectual capital as well as the personal characteristics of entrepreneurs on the innovation results. This phenomenon remains unexplored in the case of micro and small firms. Our paper focuses on a particular context where small firms represent a key role in the industry: the case of Costa Rica. We used both quantitative and qualitative methodologies in order to develop the analysis. Our first results show a positive and significant relationship between structural and relational capital and innovation results; also, we can observe a positive relationship between a general measure of intellectual capital and innovation results. The case study illustrates how human capital and, specifically, the characteristics of the entrepreneur have an important influence on firm results. Our work contributes to show the relevance of intellectual capital on innovation success, and results encourage practitioners to invest in structural and relational capital and also improve the degree of planning of activities to obtain better results in the long term.

A theoretical intellectual capital model applied to cities

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José Luis Alfaro Navarro

2013-06-01

Full Text Available New Management Information Systems (MIS are necessary at local level as the main source of wealth creation. Therefore, tools and approaches that provide a full future vision of any organization should be a strategic priority for economic development. In this line, cities are “centers of knowledge and sources of growth and innovation” and integrated urban development policies are necessary. These policies support communication networks and optimize location structures as strategies that provide opportunities for social and democratic participation for the citizens. This paper proposes a theoretical model to measure and evaluate the cities intellectual capital that allows determine what we must take into account to make cities a source of wealth, prosperity, welfare and future growth. Furthermore, local intellectual capital provides a long run vision. Thus, in this paper we develop and explain how to implement a model to estimate intellectual capital in cities. In this sense, our proposal is to provide a model for measuring and managing intellectual capital using socio-economic indicators for cities. These indicators offer a long term picture supported by a comprehensive strategy for those who occupy the local space, infrastructure for implementation and management of the environment for its development.

The effects of intellectual capital on financial performance: A case study of petrochemical and pharmaceutical firms

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Naser Azad

2012-04-01

Full Text Available There is no doubt that traditional accounting does not provide actual value of assets since they only measure tangible assets. Intellectual capital provides a new concept for measuring actual value of the assets and we can calculate future values of the firm. In this paper, we first calculate intellectual capital based on the ratio of market value/book value for three years period. Then we investigate the relationship between intellectual capital and growth rate of intellectual capital as well as financial performance of some publicly traded petrochemical and pharmaceutical firms. The results of our survey indicate that there is a positive relationship between intellectual capital and equity growth with EVA and return of assets. However, there is no meaningful relationship between intellectual assets with net earnings.

Making and Mining Intellectual Capital: Method or Madness?

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Cohen, Stephen L.; Backer, Nena K.

1999-01-01

A process for creating and managing intellectual capital within an organization has the following stages: (1) inquire about causes and effects and infer the implications; (2) invent solutions and inspire others with a cause for change; and (3) install solutions and inspect over the long term to see what is and is not working. (JOW)

Theoretical backgrounds of investigating of intellectual and human capital

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Vladimir Nikiforovich Belkin

2011-03-01

Full Text Available This paper reviews the theoretical aspects of a company's intellectual capital. This capital consists of stock and movement of knowledge which is useful for organizing. There are three components of intellectual capital - human, social and organizational capital. The differences of intellectual and human capital are established. In particular, if human capital is characterized by mundane knowledge, the intellectual one - by the new, and if the products of human capital are the usual goods and services, the products of intellectual capital are the result of translating and implementing new knowledge. The coincidence of research subjects of the theory of intellectual capital and the theory of innovative enterprise development is shown. The concept of "intellectual potential of the enterprise" is introduced and the building structure is discussed. This potential consists of intellectual capital, patents and licenses unrealized by the enterprises, formalized ideas and hypotheses and undiscovered creative potential of the staff. Finally, a realization model of the intellectual potential of the company is proposed.

Intellectual capital disclosure and dividend policy

DEFF Research Database (Denmark)

Nielsen, Christian; Farooq, Omar

2015-01-01

The purpose of this article is to document the relationship between intellectual capital disclosure and dividend policies of biotechnology firms listed on the Copenhagen Stock Exchange during the period between 2001 and 2010. The firms’ intellectual capital disclosures were computed from the annual...... financial reports, while data on dividend policies was retrieved from Worldscope. This paper defines dividend policies by three variables: (1) Dividend payout ratio, (2) Decision to pay dividend, and (3) Increase in dividend payout. The results show that firms with higher intellectual capital disclosures...... not only have high payout ratios, but also have a greater likelihood of increasing and paying dividends. Our findings are consistent with our hypothesis that lower information asymmetries of firms with high intellectual capital disclosure lead to more favourable dividend policies. In opposition...

Management Consulting Practice on Intellectual Capital

NARCIS (Netherlands)

Dr. Daan Andriessen

2005-01-01

Today, Intellectual Capital plays a principal role in the delivery of corporate performance. This importance is reflected in the fact that companies, without the force of any regulations, start to produce intellectual capital statements to communicate their performance; accounting guidelines are

Assessment of Intellectual Capital in Joint-Stock Companies

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Rima Tamošiūnienė

2015-12-01

Full Text Available The evaluation of intellectual capital factors is an essential part for the management of joint-stock companies. Many authors indicate that successful intellectual capital management increases value added in joint-stock companies. Nevertheless, intellectual capital is a complex and challenging concept as there is still no clear guidance, what the intellectual capital features and its structural parts are. Theoretical research revealed that scientists accentuate various intellectual capital parts depending basically on the type of their research, on the level of the research (micro, mezzo, macro, variables they selected to investigate and similar. This research paper gives an insight what drivers can be increasing value added in joint-stock companies.

Intellectual capital in the theory of the firm

OpenAIRE

Rađenović, Tamara; Krstić, Bojan

2017-01-01

Intellectual capital has an inevitable role in the value creation process and represents significant determinant of the firms' market success. In the contemporary circumstances, firms achieve and sustain their competitive advantages by mobilising and profitably exploiting intellectual resources. Therefore, the aim of this paper is to overview the evolutionary process of intellectual capital through theoretical examinations of different theories. The first notion of intellectual capital is con...

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN

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Denny Andriana

2014-04-01

Full Text Available The purpose of this research is to examine the influence of intellectual capital and its components, represented by physical capital (capital employed, human capital, and structural capital,on financial performance of mining and manufacturing companies listed in Indonesia Stock Exchange (Bursa Efek Indonesia – BEI period of 2010 – 2012. Total population observed during this research shows 169 mining and manufacturing companies.The sample was determined by purposive sampling method and found a total of 70 samples as the research subjects. The analytical technique for the quantitaive data uses a statistical tool, i.e. multiple regression. Intellectual capital and its components were measured by Pulic Model, while financial performance uses Return on Equty (ROE ratio. The results show that intellectual capital and human capital have negative influence, yet insignificant, impacton companies financial performance. While physical capital (capital employed and structural capital do have positive influence but not significanton companies financial performance.

Intellectual Capital dan Ukuran Fundamental Kinerja Keuangan Perusahaan

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Josepha C. Shanti

2011-09-01

Full Text Available This study aims to examine the effect of intellectual capital and the fundamental measurements of company financial performance. This study also used several control variables, namely size and type of industry. Samples used in this study is the type of company that intensively used the intellectual capital, that is the service industry. The hypothesis are tested using multiple regression. Intellectual capital in the service industry showed the influence to the company's financial performance. External size of the companies used to measure the intellectual capital is market-to-book value. Market responds to the company's profitability and company’s productivity.

Reconciling the Rigor-Relevance Dilemma in Intellectual Capital Research

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Andriessen, Daniel

2004-01-01

This paper raises the issue of research methodology for intellectual capital and other types of management research by focusing on the dilemma of rigour versus relevance. The more traditional explanatory approach to research often leads to rigorous results that are not of much help to solve practical problems. This paper describes an alternative…

Managing intellectual capital in libraries beyond the balance sheet

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Kostagiolas, Petros

2012-01-01

In the knowledge economy, professionals have to make decisions about non-tangible, non-monetary, and largely invisible resources. Information professionals need to understand the potential uses, contributions, value, structure, and creation of broadly intangible intellectual capital in libraries. In order to fully realize intellectual capital in libraries, new practices and skills are required for library management practitioners and researchers.Managing Intellectual Capital in Libraries provides research advances, guidelines, methods and techniques for managing intellectual capital in a libra

A RETROSPECTIVE OF EVALUATION MODELS ON INTELLECTUAL CAPITAL

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Ienciu Nicoleta Maria

2011-12-01

Full Text Available In the classical theory of economics, capital is one of the three factors of production, in addition to land and labor, and refers in particular to buildings, equipment, and machinery etc., used for the production of other goods (the term physical capital is also used by the specialized literature (Bratianu and Jianu, 2006. The present study intend to bring to the forefront the main evalluation methods for intellectual capital, as proposed, supported and criticized at the same time by researchers and practitioners. The study offers response to the following research questions: Which are the advantages and disadvantages of the intellectual capital evaluation methods? And what are the main studies approaching the subject of intellectual capital evaluation at international level? The collection and analysis of intellectual capital evaluation models and the non-participative observation are the main instruments used to bring to the forefront the main international existing evaluation frameworks. The information sources representing the base for these researches are especially constituted by articles published in specialized magazines, both from accounting and economics fields, specialized works relevant to the reference field, legislative documents, official documents, press releases and other documents issued by various national and international bodies. The most representative studies bringing to the forefront the evaluation of intellectual capital are the ones elaborated by Mouritsen et al (Mouritsen et al, 2001, Manea and Gorgan (Manea and Gorgan, 2003, Tayles (Tayles, 2002, Tayles et al (Tayles et al, 2007. The presented approaches offer a general idea on the range of methods, disciplines and operational specializations existing for the evaluation of intellectual capital. Only one of them - Balanced Scorecard is largely used, while the rest of the methods remain too theoretical or too poorly developed to be universally accepted. We believe that

INTELLECTUAL CAPITAL: A CRITICAL APPROACH ON DEFINITIONS AND CATEGORIZATION

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Diana GIOACASI

2014-12-01

Full Text Available Intellectual capital has become the leading resource for creating economic value and there are an important number of publications focused on this area of research. In spite of the interest for this area of research, the existence of different terms regarding intellectual capital makes the process of definition and classification difficult. The purpose of this study is to analyze the concepts related to intellectual capital by establishing the connections and correlations between the terms in order to make the term of intellectual capital fully understandable and also to explain how the components of intellectual capital can be structured. The analysis of intellectual capital definitions is significant because it is a first step in intangible factors understanding, having implications on the company pattern of knowledge evaluation. Of all the terms analyzed, intangible assets allows a clear definition of its meaning, its components and thus provides insight into ways of assessing the knowledge of an entity.

SPECIFIC MODELS OF REPRESENTING THE INTELLECTUAL CAPITAL

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Andreea Feraru

2014-12-01

Full Text Available Various scientists in the modern age of management have launched different models for evaluating intellectual capital, and some of these models are analysed critically in this study, too. Most authors examine intellectual capital from a static perspective and focus on the development of its various evaluation models. In this chapter we surveyed the classical static models: Sveiby, Edvisson, Balanced Scorecard, as well as the canonical model of intellectual capital. In a spectral dynamic analysis, organisational intellectual capital is structured in: organisational knowledge, organisational intelligence, organisational values, and their value is built on certain mechanisms entitled integrators, whose chief constitutive elements are: individual knowledge, individual intelligence and individual cultural values. The organizations, as employers, must especially reconsider those employees’ work who value knowledge because they are free to choose how, and especially where they are inclined to invest their own energy, skills and time, and they can be treated as freelancers or as some little entrepreneurs .

Intellectual Capital Disclosure at Czech Public Universities in Relation to the Stakeholder Information Need

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Kateřina Kuralová

2016-01-01

Full Text Available The purpose of this paper is to examine the extent and quality of intellectual capital disclosure at Czech public universities in relation to information need of identified stakeholders – students. This research is based on the theoretical framework for voluntary intellectual capital disclosure, the proposed intellectual capital disclosure index, the identification of stakeholders including their information need as well as the content analysis of the universities’ annual reports has been applied. The quality of disclosed information on intangible resources in public universities in the Czech Republic is in the middle level. In the highest quality is disclosed relational capital, followed by structural and human capital. Information need of students is highest for information falling under the relational capital followed by structural capital and human capital. This study opens new approach regarding intellectual capital disclosure including suggested recommendations for Czech public universities, as there was no research related to the issue conducted in the past.

Intellectual Capital Import for the Benefit of Higher Education

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Brenca, Airita; Gravite, Aija

2013-01-01

The article explores the role of intellectual capital in the development of higher education system. The description of economic and marketing values of intellectual capital demonstrates its importance for an institution's establishing in education market. Import and export of intellectual capital is a reality of globalisation processes, and it is…

Intellectual capital management: An approach to organizational practices in Ecuador

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Enrique Claver-Cortés

2018-03-01

Full Text Available Purpose: The present study has as its aim to identify the organizational management practices that involve intellectual capital as facilitators of innovation in its diverse formats, in Ecuador-based shrimp exporting companies. Design/methodology: The research of a qualitative nature was based on the Grounded Theory as a support for data analysis and collection. The personal interview was used in order to obtain the text corpus. The five resulting clusters served as the basis to apply inductive processes: open coding; axial coding; and selective coding, as a methodological activity meant to help interpret concepts and relationships. Findings: The organizational practices associated with intellectual capital in shrimp exporting companies are focused on structural and human capital management, where innovation has developed from the demands for the implementation of quality management systems in accordance with international regulations. Research limitations/implications:  The main contribution made by the present study lies in establishing a primary reference framework for the design of strategic alternatives that involve strengthening intellectual capital as a way to generate sustainable competitive advantages in the companies belonging to this sector. Social implications: Shrimp exports, which stand out for being one of the most significant sources of income in Ecuador, contribute to local development by means of employment generation, mainly in rural communities. The exposure to organizational routines linked to intellectual capital provides a chance to come closer to the reality of this sector. This can prove useful for executives and public policy managers to prioritize an approach which influences the generation and maintenance of competitiveness at a firm level, and also impacts on the development of the regions where such business are located. Originality/value: Faced with the absence of works applied to this sector, the present work

MEASURING, ASSESSING AND REPORTING THE INTELLECTUAL CAPITAL IN A SME

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Anca CRUCERU

2014-06-01

Full Text Available The trends of the XXI-st century (the knowledge based economy, society, organization and management promote, on a large scale, the capitalization of the intellectual capital. Therefore, the field specialists have tried to define the concept of intellectual capital, to determine its characteristics and also its components. Also, in order for this capitalization to be used in adopting and implementing some management decisions, specialists determined the models for measuring, assessing and reporting the intellectual capital. Consequently, this article presents a few theoretical concepts regarding the intellectual capital, but also a case study regarding the methodology for applying, drawing and using the model of Patricia Pablos within S.C. ”BAF Consultancy” S.R.L.

The assessment of intellectual capital in Polish regions

NARCIS (Netherlands)

Bronisz, U.; Heijman, W.J.M.; Ophem, van J.A.C.

2012-01-01

In a knowledge-based economy intangible assets are indispensable to achieve competitive advantages. Resources like intellectual capital are perceived as crucial factors especially for regional growth. Intellectual capital is comprehended as a multidimensional concept, defined and explained in many

Reaping benefits from intellectual capital.

Science.gov (United States)

Weston, Marla J; Estrada, Nicolette A; Carrington, Jane

2007-01-01

The wealth and value of organizations are increasingly based on intellectual capital. Although acquiring talented individuals and investing in employee learning adds value to the organization, reaping the benefits of intellectual capital involves translating the wisdom of employees into reusable and sustained actions. This requires a culture that creates employee commitment, encourages learning, fosters sharing, and involves employees in decision making. An infrastructure to recognize and embed promising and best practices through social networks, evidence-based practice, customization of innovations, and use of information technology results in increased productivity, stronger financial performance, better patient outcomes, and greater employee and customer satisfaction.

Exploring intellectual capital through social network analysis: a conceptual framework

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Ivana Tichá

2011-01-01

Full Text Available The purpose of this paper is to develop a framework to assess intellectual capital. Intellectual capital is a key element in an organization’s future earning potential. Theoretical and empirical studies show that it is the unique combination of the different elements of intellectual capital and tangible investments that determines an enterprise´s competitive advantage. Intellectual capital has been defined as the combination of an organization´s human, organizational and relational resources and activities. It includes the knowledge, skills, experience and abilities of the employees, its R&D activities, organizational, routines, procedures, systems, databases and its Intellectual Property Rights, as well as all the resources linked to its external relationships, such as with its customers, suppliers, R&D partners, etc. This paper focuses on the relational capital and attempts to suggest a conceptual framework to assess this part of intellectual capital applying social network analysis approach. The SNA approach allows for mapping and measuring of relationships and flows between, people, groups, organizations, computers, URLs, and other connected information/knowledge entities. The conceptual framework is developed for the assessment of collaborative networks in the Czech higher education sector as the representation of its relational capital. It also builds on the previous work aiming at proposal of methodology guiding efforts to report intellectual capital at the Czech public universities.

The importance of intellectual capital in the company

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Andreja Lavrič

2016-06-01

Full Text Available Research Question: This article explores the importance of intellectual capital in the company. Purpose: To determine what is the importance of intellectual capital in businesses in the current economic climate. Method: As a research method I used descriptive method, and review of the literature in the form of articles and books. Below I summarize important observations and insights. Results: Intellectual capital has a significant and positive impact on the business performance of the company, but it is underestimated. Organization: The research contributes to a better achievement of business performance. Society: Better business contributes to the wider environment, as this will also ensure stability of the organization. Originality: A different perspective on the importance of intellectual capital. There are not a lot of transparent articles on this topic. Limitations/Future Research: Limitation of the study is that we have discussed only a certain number of resources.

Importance of intellectual capital disclosure in Spanish universities

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Yolanda Ramírez Córcoles

2013-09-01

Full Text Available Purpose: The increasing social concern about establishing procedures of accountability and ensuring information transparency in public universities prompted us to raise the need to disclose information on their intellectual capital.Design/methodology/approach: In this study we developed a questionnaire which was sent to members of the Social Councils of Spanish public universities, in order to identify which intangible elements university stakeholders demand most.Findings: The results of this research demonstrate how important it is for Spanish public universities to provide information on their intellectual capital in order to satisfy their stakedolders’ information needs.Practical implications: The results of this research lead us to recommend that universities include in their accounting statements the information on intellectual capital demanded by the different stakeholders.Originality/value: No previous research was conducted for Spanish universities. Our results represent a starting point for public universities to identify which is the most requested information about intellectual capital. 

Intellectual Capital and New Public Management: Reintroducing Enterprise

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Mouritsen, Jan; Thorbjornsen, Stefan; Bukh, Per N.; Johansen, Mette R.

2004-01-01

The paper reports on public sector organisations'/institutions' work to develop knowledge management and intellectual capital statements. Building on experiences collected during 2001-2002 where 26 public sector institutions in Denmark sought to develop intellectual capital statements, this paper discusses their experiences and in particular, it…

Management of intellectual capital and its influence on personnel economic performance

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mahmoud Gholami Karin

2016-02-01

Full Text Available Studies have shown that, knowledge is an effective source for increasing personnel economic performance. Basically, managers of companies by considering prevailing economic conditions are forced to correct and improve methods of production, marketing, and innovation and ultimately increase economic productivity. One of the main ways to improve economic growth and increase competitive advantage, for factories is the use of creative thinking that it without the recognition and management of intellectual capitals will not be possible. The main objective of present research is to study the influence of intellectual capital components on economic performance of companies working in Saipa Automotive Manufacturing Group. Also determine relation between components of intellectual capital together. Components of intellectual capital (human, structural, and relational capital are independent variables and personnel economic performance is considered as a dependent variable. Multiple regression analysis has used for study the influence of components of intellectual capital on personnel economic performance. For test of relation between components of intellectual capital together, have used Pearson correlation analysis and for test of model has used structural equation modeling. The collected data were analyzed with the SPSS and Lisrel software, and finally the relationship between intellectual capital components were confirmed and it has been determined that relational and structural capital directly and human capital, indirectly, impress personnel economic performance in Saipa Automotive Manufacturing Group.

Uncovering configurations of HRM service provider intellectual capital and worker human capital for creating high HRM service value using fsQCA

NARCIS (Netherlands)

Meijerink, Jeroen Gerard; Bondarouk, Tatiana

Although traditionally applied independently, this study combines two theoretical perspectives – the intellectual capital theory and the consumer perspective – to uncover value-creating configurations of human resource management (HRM) service providers' and workers' knowledge resources. We examined

Intellectual capital and relational capital: The role of sustainability in developing corporate reputation

OpenAIRE

Patricia Martínez García de Leaniz; Ignacio Rodríguez del Bosque

2013-01-01

Purpose: Intellectual capital offers a potential source of sustainable competitive advantage and is believed to be the source from which economic growth may sprout. However, not many papers analyze the effect of sustainability in the elements involving intellectual capital. This paper seeks to highlight the key role played by corporate sustainability on corporate reputation as one of the key components of relational capital based on the knowledge-based theory.Design/methodology/approach: Auth...

METHODOLOGICAL APPROACHES AND CHALLENGES IN ASSESSING THE VALUE OF INTELLECTUAL CAPITAL

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E. D. Katulskij

2016-01-01

Full Text Available Presence at the enterprise znanievyh resources determines its capacity for sustainable and competitive development. The set of knowledge, skills and abilities (which has operational and management personnel, including transformed in intangible and other assets are considered to be the intellectual capital of the enterprise. Empirically, the presence of the intellectual capital of the enterprise can be identified by its success in the market and the ability to generate a high value added product. However, scientific and methodological point of view, approaches to assessing intellectual capital are currently not standardized and do not provide an objective valuation of the capital.This paper presents an overview of the methodological approaches to the valuation of the intellectual capital of companies and shows the problems of using these approaches in analytical procedures. Based on the materials conclusion about the necessity of further development of the intellectual capital evaluation methods enterprises it was made.The purpose / goal. The purpose of this article is to study the specifics of basic methodological approaches to the valuation of the intellectual capital of enterprises. Moreover, among the main tasks is to provide: an analysis of the most frequently used techniques in the Russian and international practice, assessment of intellectual capital.Methodology. The article is a content analysis of the theoretical and scientific-methodical positions, describing the key and the most frequently used Russian and international approaches to the evaluation of the intellectual capital of enterprises.Conclusions / relevance. The practical significance of this paper is to identify the main issues that arise in the evaluation of the intellectual capital of the enterprises, which determines the need for further scientific development and complement the currently used evaluation methods.

Challenges for the University Intellectual Capital in the Knowledge Economy

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Contantin BRĂTIANU

2015-12-01

Full Text Available Universities have always been fundamental institutions in any society due to their enduring mission of creating new knowledge through research, of training generations of professionals, and providing service for community. They have a long life cycle and need to adapt continuously to their changing environments. In the last decades, the emergence and development of knowledge society put forward new challenges to universities and to managing their intellectual capital. The purpose of this paper is to present three main challenges for the university intellectual capital in the knowledge economy, and to discuss how these challenges can be achieved. These challenges are the following: 1 to unfold the Gordian knot of the canonical model of intellectual capital; 2 to go beyond the Newtonian logic in intellectual capital evaluation and reporting; and 3 to integrate intellectual capital in the strategic thinking of the university. All of these challenges are strongly related to the university performance.

Disclosure of information on intellectual capital in Danish IPO prospectuses

DEFF Research Database (Denmark)

Bukh, Per Nikolaj; Nielsen, Christian; Gormsen, P.

2005-01-01

The purpose of this paper is to examine whether information on intellectual capital (non-financial information on knowledge based resources) is disclosed in Danish IPO prospectuses. Further, to analyse whether this voluntary disclosure has changed in the period from 1999 to 2001 and to analyse what...... do not affect disclosure. The results are interpreted in the light of the increasing importance of disclosing information on value drivers, strategy and intellectual capital to the capital market and constitute a contribution to the ongoing debate on corporate reporting practices. Practical...... implications - Since information on intellectual capital is already disclosed in IPO prospectuses this reporting form can be used as inspiration when an intellectual capital report is developed. The results also indicate that companies and their advisers believe that this type of information is important...

Intellectual Capital: Perceptions of Productivity and Investment

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Aristides Isidoro Ferreira

2011-03-01

Full Text Available This study focuses on the influence intellectual capital has on employees’ perceptions as related to both company investments and productivity levels. The data was obtained from 440 employees at 13 Portuguese companies. Both ANOVA and Regression Analysis were conducted in order to understand the impact three Intellectual Capital Scale components have on perceptions of investment and organizational productivity. Results show that companies with higher scores of Structural Capital have a lower perception of investment in human resources and research, as well as a higher perception of investment in marketing and sales. Moreover, employees of companies with higher Structural Capital scores also have higher perceptions of productivity. On the other hand, organizations with higher investment in Customer Capital tend to be associated with a lower perception of organizational productivity.

A Fuzzy Rule-Based Expert System for Evaluating Intellectual Capital

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Mohammad Hossein Fazel Zarandi

2012-01-01

Full Text Available A fuzzy rule-based expert system is developed for evaluating intellectual capital. A fuzzy linguistic approach assists managers to understand and evaluate the level of each intellectual capital item. The proposed fuzzy rule-based expert system applies fuzzy linguistic variables to express the level of qualitative evaluation and criteria of experts. Feasibility of the proposed model is demonstrated by the result of intellectual capital performance evaluation for a sample company.

Intellectual capital management as the integral part of enterprise’s management

OpenAIRE

Аліна Олександрівна Осаул

2016-01-01

The main levels of the enterprise’s intellectual capital management are analyzed in the article. The distinctive peculiarities of the enterprise’s intellectual capital management are mentioned. Goals and benefits of the intellectual management system are determined. The ways of their improvement are pointed out. Implicit and explicit knowledge as an important integral intellectual capital resources are divided and characterized

Model Pencatatan Intellectual Capital dalam Menghadapi Perubahan Paradigma Akuntansi Baru

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Henny Hendarti

2007-03-01

Full Text Available The more competitive of competition in business world has made the company having competitive advantage continuously through the management of human resource. Competitive advantage can be created with intellectual capital, by human capital, structural capital, customer capital, commitment, and competence. The article discuss intellectual capital record model in facing the changes of new accounting paradigm.

Process-oriented Design Methodology for the (Inter-) Organizational Intellectual Capital Management

OpenAIRE

Galeitzke, Mila; Oertwig, Nicole; Orth, Ronald; Kohl, Holger

2016-01-01

The development of a process-oriented design methodology for the visualization of intellectual capital in organisational business processes is described in this contribution. A tangible and intangible resource-oriented taxonomy in an integrated enterprise modelling environment is established. The comprehensive assessment, allocation and referencing of intellectual capital (human, structural and relational capital) counters the underutilization of available intellectual capital and allows for ...

Cost–benefit analysis of intellectual capital disclosure: University stakeholders’ view

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Yolanda Ramírez Córcoles

2013-06-01

Full Text Available The reporting of intellectual capital in higher education institutions becomes of vital importance mainly due to the fact that knowledge is the main output and input in these institutions. Also, the increasing social concern about establishing procedures of accountability and ensuring information transparency in public universities prompted us to raise the need to disclose information on their intellectual capital. This paper aims to know the main reasons why Spanish universities do not disclose information about their intellectual capital in the current accounting information model and the positive consequences that may result from such disclosure. To this end a questionnaire was designed and sent to all the members of the Social Councils of Spanish public universities. The obtained results show that intellectual capital disclosure results in a higher transparency of the institution, increased user satisfaction and improved credibility, image and reputation of the University, while it is the lack of internal systems of identification and measurement of intangible elements the main reason for not disclosing information on intellectual capital.

Intellectual Capital and Innovation Performance: Empirical Evidence in the Turkish Automotive Supplier

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Muammer Zerenler

2008-12-01

Full Text Available The purpose of this study was to investigate the influence of intellectual capital of Turkish automotive supplier industry upon their innovation performance. This study showed that three types of intellectual capital – employee capital, structural capital, and customer capital – had a significantly positive relationship with innovation performance. Moreover, the results also indicated that the higher the growth rate of an industry, the stronger were the positive relationships between three types of intellectual capital and innovation performance. Besides, customer capital was the greatest among these three types of intellectual capital in Turkish automotive supplier industry, employee capital was the next, and structural capital was the least. This shows two points; first, Turkish automotive supplier industry emphasized the interactive “relations” with their suppliers, clients, and partners; second, it was imperative for Turkish manufacturing enterprises to develop their structural capital to increase their innovation performance.

The role of intellectual capital in promoting knowledge management initiatives

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Mansour Esmaeil Zaei

2016-06-01

Full Text Available This paper investigates the role of intellectual capital in promotion of successful knowledge management (KM initiatives. The conclusions are based on the results of field studies conducted in the subsidiary companies of Ministry of Energy of Islamic Republic of Iran (Sistan & Baluchestan Province. Before designing the conceptual framework, relevant literature pertaining to the history of the work at hand, was reviewed by the researcher. Based on the opinions of external experts, university professors and organization’s experienced executives, a research model was developed. Tools such as textual analysis and interviews were employed to explore relationships between intellectual capital and knowledge management. A survey was conducted using a structured questionnaire which measured research variables like intellectual capital indexes and KM processes. The output of structural equations models (SEM and LISREL statistical software showed that intellectual capital and its components have direct effects in promoting KM processes in the subsidiary companies of Ministry of Energy of Islamic Republic of Iran (Sistan & Baluchestan Province. By improving intellectual capital and its indexes, knowledge management can be improved.

Extended Performance Reporting: Evaluating Corporate Social Responsibility And Intellectual Capital Management

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James Guthrie

2007-06-01

Full Text Available Recent corporate scandals have resulted in heightened attention towards the shortcomings of traditional financial reporting frameworks. Concurrently, the rise of the corporate social responsibility imperative has led to criticisms that financial reports resent an incomplete account  of a firm‟s activities. In addition, growing acknowledgement of the importance of a firm‟s intangibles and intellectual capital has been associated with increased commentary about the need for extra disclosures if a more complete picture of the firm‟s value is to be provided to external stakeholders. This paper responds to these concerns by developing an extended performance reporting framework to the Australian Food and Beverage Industry, which is characterised by both corporate social responsibility and intellectual capital issues.  In relation to the latter, this framework presents a novel attempt to develop an industry-customised framework as called for by both industry bodies and researchers in the area.

Extended Performance Reporting: Evaluating Corporate Social Responsibility And Intellectual Capital Management

Directory of Open Access Journals (Sweden)

James Guthrie

2007-06-01

Full Text Available Recent corporate scandals have resulted in heightened attention towards the shortcomings of traditional financial reporting frameworks. Concurrently, the rise of the corporate social responsibility imperative has led to criticisms that financial reports resent an incomplete account of a firm‟s activities. In addition, growing acknowledgement of the importance of a firm‟s intangibles and intellectual capital has been associated with increased commentary about the need for extra disclosures if a more complete picture of the firm‟s value is to be provided to external stakeholders. This paper responds to these concerns by developing an extended performance reporting framework to the Australian Food and Beverage Industry, which is characterised by both corporate social responsibility and intellectual capital issues. In relation to the latter, this framework presents a novel attempt to develop an industry-customised framework as called for by both industry bodies and researchers in the area.

On the "essential condition" of intellectual capital: labour!

DEFF Research Database (Denmark)

O'Donnell, David; Tracey, Mairead; Henriksen, Lars Bo

2006-01-01

Following Marx and Engels' identification of the "essential condition of capital", the purpose of this paper is to begin an initial critical exploration of the essential condition of intellectual capital, particularly the ownership rights of labor. Adopting a critically modernist stance on unitar......, reducing reported accounting expense in order to boost reported earnings, deferring taxes, and attracting, retaining and exploiting key elements of labor....... on unitarist HR and OB discourse, and contextualized within a background on the stock option phenomenon and recent accounting regulation, the paper argues that the fundamental nature of capital-labor relation continues resiliently into the IC labor (intellectual capital-labor) relation. There is strong...

Intellectual capital disclosure and corporate governance structure among Malaysian government-linked companies

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Rashidah Abdul Rahman

2013-11-01

Full Text Available This study examines the level of intellectual capital disclosure among the 32 Malaysian GLCs by comparing with the Non-GLCs for the period 2007-2009. In addition, this study also investigates the impact of board structure on the intellectual capital disclosure of Malaysian GLCs. The board structure mechanisms comprise; board composition, role duality, board size and cross directorship. The control variables consist of the company-specific characteristics –leverage, profitability and age of the company. The content analysis is used to extract the intellectual capital disclosure items from the annual report. The results show that the GLCs disclosed more intellectual capital information than Non-GLCs. Board size and leverage are significant and positively related to the intellectual capital disclosure of Malaysian GLCs.

Strength in nursing leadership: the key to the evolution of intellectual capital in nursing.

Science.gov (United States)

Davidson, Donna

2007-01-01

Intellectual capital, what does it mean? After reading several articles on the subject, I found the perfect definition by Leif Edvinsson, the chief architect behind a dynamic and holistic reporting model. According to the model, the hidden factors of human and structural capital, everything that gets left behind when the employee goes home added together comprises intellectual capital. "Human Capital is defined as the combined knowledge, skill, innovativeness, and ability of the company's individual employees to meet the task at hand. It also includes the company's values, culture, and philosophy. Human capital cannot be owned by the company" (Bontis N. Assessing knowledge assets: a review of the models used to measure intellectual capital. Int J Manag Rev. 3(1):41-60). Today there seems to be an extraordinary value being placed on what people know, and yet knowing doesn't always translate into action. The action most often occurs when social connections are strong and numerous so that trust is built and information flows. This article will address how nursing leadership is critical to unleashing the human capital inside every staff nurse.

MANAGEMENT OF FORMATION AND DEVELOPMENT OF INTELLECTUAL CAPITAL OF THE ENTERPRISE

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Ganna Zhytchenko

2017-09-01

Full Text Available The subject of this research is the external and internal relations of the enterprise regarding the formation of its own intellectual capital. Methodological approaches to capital formation are revealed: principles of accounting for development trends of the modern world and national economies, macro and microeconomic conditions for the formation and use, methods of operational and strategic management of capital, economic and social instruments for accounting, regulation, and stimulation of its development. Some ways of formation and use of an intellectual capital of the enterprise in the modern business environment are proposed. The article reveals the essence and formulates the concept of the enterprise’s intellectual capital, its structure. The main approaches to the formation of a corporate organizational and economic mechanism for managing intellectual capital are proposed. The results of research on the conditions for the formation and use of intellectual capital at a number of enterprises in the Kherson region of Ukraine are presented. Based on the results of the study of issues of formation and development of the intellectual capital of enterprises, the following conclusions are made: intellectual capital of the enterprise is considered by the authors as a system of relations between different economic entities regarding rational sustainable reproduction, output of products, goods, services on the basis of progressive development of engineering, technology, production organization, increase in corporate incomes and living standards of employees on the basis of personified economic interests of participants in production. These are the materialized and non-materialized resources of the enterprise, formed on the realized knowledge, experience, skills, abilities of employees, relations with consumers, suppliers and other market partners, on the relations between employees and departments of the enterprise, which together determine its

Reporting on intellectual capital

NARCIS (Netherlands)

Meer-Kooistra, Jeltje van der; Zijlstra, Siebren M.

2001-01-01

In today’s knowledge-based economy intellectual capital (IC) is becoming a major part of companies’ value. Being able to manage and control IC requires that companies can identify, measure and report internally on IC. As financial accounting rules ban full disclosure of IC in the annual report the

Designing an AHP methodology to prioritize critical elements for product innovation: an intellectual capital perspective

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Costa, R. V.

2015-08-01

Full Text Available Intellectual capital has for the past decades been evidenced as an important source of competitive advantages and differentiation at the firm level. At the same time, innovation has become a critical factor for companies to ensure their sustainability and even their survival in a globalized business landscape. Having in mind these two crucial concepts for business success, this study intends to build on the relationships between intellectual capital and product innovation at the firm level. Specifically, we will design and test a model based on the Analytic Hierarchy Process, whose aim is to allow the prioritization of intellectual capital elements according to their relative importance for product innovation performance at the firm level. The main goal of this research is to build a diagnosis and action tool that helps business managers incorporate an intellectual capital perspective into their product innovation initiatives. This framework will help managers to better understand which intellectual capital elements are more critical to their product innovation efforts, and thereby systematize actions and clarify resource allocation priorities to improve their product innovation capabilities. In order to validate the practicability of this proposal, the methodology was empirically applied to a Portuguese innovative company.

The Contribution of Intellectual Capital to Value Creation

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Elena Shakina

2013-12-01

Full Text Available This paper studies the marginal contribution of intellectual capital (IC components to company value using a hedonic pricing framework. The ANOVA is used to identify group differences among different national markets and industries. Two models have been developed to reflect the time effect: one related to the immediate creation of value and another for the long term. As could be expected, the contribution of IC to companies’ value creation differs significantly between countries and industries. Both models, short- and long-term, are significant and with a normal explanatory power. We have found both positive and negative coefficients. Human capital plays a critical positive role in value creation in the short term. Structural and relational capital becomes more relevant in the long term. However, in the long term, the results obtained regarding the effect of human capital are unclear.

On the metaphorical nature of intellectual capital: a textual analysis

NARCIS (Netherlands)

Dr. Daan Andriessen

2006-01-01

Purpose – To analyse common metaphors used in the intellectual capital (IC) and knowledge management literatures to conceptualise knowledge, in order to study the nature of the intellectual capital concept. Design/methodology/approach – A textual analysis methodology is used to analyse texts

Evaluation methods of the intellectual capital of the enterprise as a factor of production

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O. Y. Kolomytseva

2016-01-01

Full Text Available Intellectual capital is currently developing rapidly and is becoming the main source of innovation development and economic competitiveness. Defining intellectual capital as the sum of knowledge of all employees and tools of the organization, increasing the body of knowledge, i.e. everything that can be converted to value and secure economic competitiveness, it is necessary to distinguish three main structural element of intellectual capital: human, organizational and customer capital of the organization. And that's a property of their interaction, not their individual functioning, it forms a synergistic phenomenon. But at the same time, the cost of most of the components of intellectual capital are not reflected in the financial statements, and due to the lack of transparency and absence of market criteria rather difficult to evaluate intellectual capital. The article considers methods of assessment of intellectual capital of organization as factor of production on the example of scientific-production organization, JSC "Institute "VEGA". Performing analysis of the known methods of evaluation of intellectual capital, it should be concluded that the method of value added intellectual Ante Police most fully developed and gives the opportunity to assess the effectiveness of human capital in the performance of the enterprise, what's most important to domestic business. This technique includes a number of indicators that allow to take into account such characteristics as revenue, cost, capital investment and value-added physical, human and structural capital value added human capital that most accurately reflects the intellectual capital, what is the difference between market and book value and scoring.

A Structural Model of Intellectual Capital in Supply Chains

DEFF Research Database (Denmark)

Parisi, Cristiana

Intellectual capital (IC) is probably one of the most critical resources of the knowledge society. However, the discipline of IC still needs empirically grounded research, especially with regards to the interrelations between the different component of IC and how these enable or impinge upon the ...... performance. This result both contributes to the IC and SCM literature, as it offers a better understanding of the multiple interrelations between the IC components from a SCM perspective and provides evidence of their impact on the value creation process of supply chains....... the internal organisational value creation process. The present paper helps to address the need for empirical investigation about the interconnections between the components of IC and their value creation, by assessing the structural effects of intellectual capital on firms’ financial performance from a supply...... chain management perspective. A model composed by five constructs describing intellectual capital and three constructs describing firms’ internal performance is proposed. The theoretical model is then tested through a structural equation modeling technique. The components of intellectual capital...

The influence of organizational culture on intellectual capital

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Maria Amalia Trillo

2007-07-01

Full Text Available This paper tries to analyse the connection between organizational culture and intellectual capital. Nowadays, the possibility of incorporating cultural capital as a factor that distinguishes the strategic–social concept of intellectual capital in the actual knowledge society is being studied. In order to this, the elements that form organizational culture in each one of the five capitals of the “Intellectus Model” have been selected. They constitute an independent capital called cultural capital. A suggestion for the future is the possibility of creating a new model. Its peculiarity is the cultural capital incorporation as a distinguishing component. This would allow relating the intangible assets elements and variables depending on the organizational culture context. It is necessary to consider than this proposal must take into account the culture as a key element, in which is based the internal logic of the model. It also provides it with the necessary dynamic structure in a competitive and changing society as ours is.

Intellectual capital: approaches to analysis as an object of the internal environment of an economic entity

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O. E. Ustinova

2017-01-01

Full Text Available Intellectual capital is of strategic importance for a modern company. At the same time, its effective management, including a stimulating and creative approach to solving problems, will help to increase the competitiveness and development of economic entities. The article considers intellectual capital as an object of analysis of the internal environment. In the context of the proposed approaches to its study, its impact on the development of the company is also considered. The intellectual capital has a special significance and influence on internal processes, since on each of them the intellectual component allows to achieve a positive synergetic effect from the interaction of different objects. In more detail, it is proposed to consider it in terms of the position of the company it occupies on the market, the principles of its activities, the formation of marketing policies, the use of resources, methods and means of making managerial decisions, and the organizational culture formed. For the analysis of the state of the internal environment, the main approaches are proposed, in which the intellectual capital is considered, among them: methods for analyzing cash flows, economic efficiency and financial feasibility of the project, analysis of the consolidated financial flow by group of objects, assessment of the potential of the business entity, technology of choice of investment policy, technology Selection of incentive mechanisms. In this regard, it is advisable to analyze the company's internal environment from the position of influencing its state of intellectual capital. The scheme of interaction of intellectual capital and objects of an estimation of an internal environment of the managing subject is offered. The results of this study should be considered as initial data for the further development of the economic evaluation of the influence of intellectual capital on the competitiveness of companies.

Pengaruh Intellectual Capital Terhadap Produktivitas, Profitabilitas, Nilai Pasar Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

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Eva Wany

2010-10-01

Full Text Available The research to testing and analysis the influence of intellectual capital to productivity, profitability, market value, to testing and analysis the influence of intellectual capital to market value with productivity as intervening variable, to testing and analysis the influence of intellectual capital to market value with profitability as intervening variable of manufacture company listed in Indonesia Stock Exchange. The sample of this study consists of 48 financial company listed in Indonesia Stock Exchange in period 2005-2007. The research data is analysis by using descriptive technique and tested by using using multiple regression analysis. Result of test of simple linier regression model proves that intellectual capital influence does not productivity, intellectual capital influence to profitability, intellectual capital influence to market value, intellectual capital influence to market value with productivity as intervening variable but direct influence productivity don't overweening influence to market value, intellectual capital influence to market value with profitability as intervening variable and direct influence profitability to market value statistically proven signifikan.

Business modelling of strategic management by the enterprise intellectual capital

OpenAIRE

Zhuravleva, I.

2009-01-01

The article is devoted to the resource and process approach to formation of the strategic management concept by the enterprise intellectual capital. The business model of strategic management by the intellectual capital in the environment of system business-modelling Business Studio 3 is developed.

Intellectual capital and financial performance: A study of the Turkish Banking Sector

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Nasif Ozkan

2017-09-01

Full Text Available The purpose of this study is to analyze the relationship between the intellectual capital performance and financial performance of 44 banks operating in Turkey between 2005 and 2014. The intellectual capital performance of banks is measured through the value added intellectual coefficient (VAIC methodology. The intellectual capital performance of the Turkish banking sector is generally affected by human capital efficiency (HCE. In terms of bank types, development and investment banks have the highest average VAIC. When VAIC is divided into its components, it can be observed that capital employed efficiency (CEE and human capital efficiency (HCE positively affect the financial performance of banks. However, CEE has more influence on the financial performance of banks compared to HCE. Therefore, banks operating in the Turkish banking sector should use their financial and physical capitals if they wish to reach a higher profitability level.

Towards Ontology as Knowledge Representation for Intellectual Capital Measurement

Science.gov (United States)

Zadjabbari, B.; Wongthongtham, P.; Dillon, T. S.

For many years, physical asset indicators were the main evidence of an organization’s successful performance. However, the situation has changed after information technology revolution in the knowledge-based economy. Since 1980’s business performance has not been limited only to physical assets instead intellectual capital are increasingly playing a major role in business performance. In this paper, we utilize ontology as a tool for knowledge representation in the domain of intellectual capital measurement. The ontology classifies ways of intangible capital measurement.

Research on the National Culture–Intellectual Capital Inter-Relationship in EU Countries

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Ioan-Franc Valeriu

2013-12-01

Full Text Available the paper aims at identifying the type and the intensity of the relationship between the national culture dimension and the intellectual capital dimension. The purpose of the paper is to analyse the correlations of the national culture dimensions, based on the Geert Hofstede approach, with the three dimensions of the intellectual capital within the EU countries. The research procedures were: content analysis of the most representative models and methodologies for evaluating the intellectual capital and the national culture dimensions, and correlation analysis. The main outcome of our research reveals the influence of the national culture on the intellectual capital performance. It also shows that some dimensions of the national culture, such as Individualism versus Collectivism and Indulgence versus Restraint, correlate positively with the intellectual capital, while other dimensions, such as Power Distance and Uncertainty Avoidance correlate with it negatively.

Business model and Intellectual Capital

DEFF Research Database (Denmark)

Lindgren, Peter; Saghaug, Kristin Margrethe

2012-01-01

When practicing business model (BM) innovation releasing intellectual capital (IC) strategically from SME´s BMs through the innovation process can be extremely difficult and complex to carry out especially to small and medium size enterprises (SME). There are so many opportunities and resources...

Mapping Knowledge and Intellectual Capital in Academic Environments

OpenAIRE

Hellström, Tomas; Husted, Kenneth

2004-01-01

This paper argues that knowledge mapping may provide a fruitful avenue for intellectual capital management in academic environments such as university departments. However, while some research has been conducted on knowledge mapping and intellectual capital management in the public sector, the university has so far not been directly considered for this type of management. The paper initially reviews the functions and techniques of knowledge mapping and assesses these in the light ...

Managing Human Resource based Intellectual Capital in a Global setting

DEFF Research Database (Denmark)

Gretzinger, Susanne; Lemke, Sarah; Matiaske, Wenzel

2014-01-01

From a strategic management perspective human capital and the embedded knowledge can be viewed as intellectual capital and became inevitably important for companies in general as well as for multinationals. While national companies just have to (re-)combine resources within a homogeneous...... if culturally differentiated incentive systems are necessary for optimised retention management? In the empirical part of this study it was made us of data from 32 countries. The research results reveal a moderating impact of cultural dimensions and therefore a cultural dependency for the effectiveness...... of incentives on retention management and therewith implicates that retention management is significant for the process of developing and fostering a MNCs intellectual capital. To improve their human-resource based intellectual capital MNCs have to adapt their initiatives to the cultural background...

An Investigation of Contingency Factors Influencing Intellectual Capital Information

OpenAIRE

Mohammad Soheily; Shahnaznayebzadeh; Ramin Abghari

2014-01-01

The purpose of this study was to determine the contingency factors influencing the companies' intellectual capital information operating in Yazd industrial city. The study model was formed using intellectual capital as dependent variable and environmental uncertainty, technology advancement and business strategy as independent variables. For purpose of the present study, the applied and correlational methods were used. Data collection was conducted using questionnaires and survey methods. The...

Adaptive management of higher school intellectual capital development

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Borova T.A.

2010-07-01

Full Text Available The essence of the intellectual capital in higher educational establishment and conditions of management is construed by his development. It is possible to consider an adaptive technique one of ways of management in an astable situation. Affirms, that the adaptive technique professional development of teachers helps to correct the activity. Higher educational establishment should possess organization by "capital" in the form of an advanced education system. A feature of an adaptive technique is managements of changes which give a push to development. Considering professional development of scientific and pedagogical collective of higher educational establishment it is possible to affirm about development of the intellectual capital of higher educational establishment.

The Impact of Intellectual Capital on the Performance of Universities

OpenAIRE

Umer Shehzad; Zeeshan Fareed; Bushra Zulfiqar; Farrukh Shahzad; Hafiz Shahid Latif

2014-01-01

Intellectual capital is a concept that is achieving researcher’s attention day by day. The main purpose of this research study is to explore the role and relationship of intellectual capital and its three components on the performance and efficient working of universities in Pakistan. Education sector especially universities were selected because it plays a critical role for the development and growth of knowledge intensive sector. So in this research study 3 components of intellectual capita...

Impact of socially responsible human resources policies on intellectual capital

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Jesus Barrena-Martínez

2016-03-01

Full Text Available Purpose: This research focuses on the benefits that social responsibility can report on the area of human resources, examined the impact of a socially responsible configuration of human resource policies and practices in the generation value process for the company, and more specifically in its intellectual capital. Design/methodology/approach: The study performed a regression analysis, testing the individual effects of socially responsible human resource policies on intellectual capital, broken down into three main variables such as human, social and organizational capital. Findings: The results shed light on how the introduction of socially responsible aspects in the management of human resources can facilitate the exchange of knowledge, skills and attitudes human--capital; lead to improvements in communication, trust, cooperation among employees social-capital and, in turn, generates an institutionalized knowledge encoded in the own organizational culture –organizational capital–. Research limitations/implications: The study only provides information from large companies with over 250 employees. Practical implications: There are important implications in the measure of corporate social responsibility concerns in the area of human resources. Social implications: Also important intangible effects on non-economic variables are confirmed, such as intellectual capital. Originality/value: The value of the study lies in its novelty, testing socially responsible configurations of human resources as well as the direct effects of different policies on intellectual capital.

Is there any relation between intellectual capital and the capital structure of a company? The case of Polish listed companies

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Monika Bolek

2016-09-01

Full Text Available This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets, with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets of a company and its leverage based on the Warsaw Stock Exchange main market and NewConnect alternative market. Moreover, the equity capital is found positively related to the level of intangibles in each of the two markets. These results support the thesis that intellectual capital (intangible assets influences the capital structure of a company.

Managing Intellectual Capital in Knowledge Economy

OpenAIRE

Mercier-Laurent, Eunika

2014-01-01

Part 4: Components of Knowledge Flow; International audience; Strategic Knowledge Management considers Intellectual Capital (IC) as roots of all organizations activities. The success of organizations strongly depends on the way they manage all facets of knowledge and skills. Artificial Intelligence brought some methods and techniques for handling intellectual assets of companies, expertise management, knowledge transfer and training. This paper presents an overview of experiences and research...

Intellectual capital statements on their way to the stock exchange: Analyzing new reporting systems

DEFF Research Database (Denmark)

Nielsen, Christian; Bukh, P.N.; Mouritsen, J.

2006-01-01

Purpose - The purpose of this paper is to propose and illustrate the use of a set of rules to make an analytical reading of the indicators of an intellectual capital statement possible. Design/methodology/approach - The paper proposes a model to analyze intellectual capital statements and applies...... demonstrates the use of a theoretically anchored and practical, useful model for analysing disclosure in the narrative part of a financial report....

Leveraging Social Capital of Individuals with Intellectual Disabilities through Participation on Facebook.

Science.gov (United States)

Shpigelman, Carmit-Noa

2018-01-01

Participation in social networking sites has considerable potential to leverage the individual's social capital, including persons with intellectual disabilities, whose real-world social networks are fairly limited. This study aimed to understand how individuals with intellectual disabilities use Facebook to access social capital benefits, if at all. Qualitative interviews and observations were conducted with 20 adult Facebook users with intellectual disabilities. The online participation enhanced their bonding social capital as well as contributed to their psychological well-being through increasing their online visibility, popularity and sense of belonging. At the same time, they experienced stress and frustration due to usage difficulties, which prevented them from enhancing their bridging social capital. Participation in social networking sites may also leverage bridging social capital of persons with intellectual disabilities, but they need a more accessible platform and ongoing support to ensure safe and fruitful participation. © 2016 John Wiley & Sons Ltd.

Mapping Knowledge and Intellectual Capital in Academic Environments

DEFF Research Database (Denmark)

Hellström, Tomas; Husted, Kenneth

2003-01-01

This paper argues that knowledge mapping may provide a fruitful avenue for intellectual capitalmanagement in academic environments such as university departments. However, while some researchhas been conducted on knowledge mapping and intellectual capital management in the public sector...... reflect of the uses of knowledge mapping at their departments and institutes. Finally a number ofsuggestions are made as to the rationale and conduct of knowledge mapping in academe.Keywords: Knowledge mapping, academic, intellectual capital management, focus group, researchmanagement......,the university has so far not been directly considered for this type of management. The paper initiallyreviews the functions and techniques of knowledge mapping and assesses these in the light of academicdemands. Secondly, the result of a focus group study is presented, where academic leaders were askedto...

Conceptualising Intellectual Capital (IC) as Language Game and Power

DEFF Research Database (Denmark)

Jørgensen, Kenneth Mølbjerg

2006-01-01

Intellectual Capital (IC) can be viewed as knowledge about knowledge, knowledge creation and how such processes might be leveraged into value. Developing a critical understanding of IC requires a historical and contextual understanding of how IC has emerged and how IC is used. This paper, drawing...... this process of social construction. The paper concludes by proposing some methodological guidelines for conducting critical genealogical research on intellectual capital....

FORMATION OF ENTERPRISE INTELLECTUAL CAPITAL IN CONTEXT OF RESOURCE THEORY

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N. Revutska

2013-08-01

Full Text Available The main content of the resource theory and description of it evolution in three stages were considered in this article. The first stage was the formation of the classical concept of the resource, the second – the origin and development of the concept of core competencies and dynamic organizational capabilities, and the third is associated with the formation of the theory of resource advantages. The nature and the necessity to identify new resource elements (core competencies, dynamic capabilities and organizational routines were characterized in the context of the selected stages. The signs of sustainable competitive advantage and types of economic rents that arise on the resource base were generalized. There is a connection between resource theory and concept of knowledge management based on identification of intellectual component in the economic nature of the core competencies and organizational abilities. The basic approach to the classification of resources and their elements, which form the intellectual capital of the company was described. New elements of economic resources such as competencies, organizational abilities, rutin and elements of intellectual capital are in close connection. It is concluded that the core competencies are best developed in human client and networking elements of intellectual capital, dynamic organizational capability in innovative capital and routines in process capital of an enterprise.

THE EFFECT OF FIRM CHARACTERISTIC ON INTELLECTUAL CAPITAL DISCLOSURE IN ISLAMIC BANKING: EVIDENCE FROM ASIA

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Tri Damayanti

2014-03-01

Full Text Available This research aims to investigate the relationship between firm’s characteristic (firm size, profitability, leverage, and company age and intellectual capital disclosure. This research also uses control variables such as board size, firm’s audit, and role of duality. Sample in this research are 34 Islamic bank’s annual reports collected by pooled data. Dependent variable in this research is intellectual capital disclosure. Dependent variable is measured by content analysis method. Content analysis is supported by disclosure index that measured variety of intellectual capital disclosure. It is also supported by word count that represented volume of intellectual capital disclosure respectively. Independent variable in this research are firm’s characteristic, consists of firm size, profitability, leverage, and company age. Data are analyzed by using SPSS program 16.00 version. Result of analysis indicates that there exist a significant relationship between variety of intellectual capital disclosure with all firm characteristic except for firm’s size. In other side, there is significant association volume of intellectual capital disclosure with all firm’s characteristic except for profitability. The influence of firm characteristic on intellectual capital mechanism on human, structural, and relational capital disclosure, based on two matrixes, is also explored.Keywords : Firm Characteristic, Intellectual Capital Disclosure, Content Analysis, Islamic Banking

Nursing intellectual capital theory: implications for research and practice.

Science.gov (United States)

Covell, Christine L; Sidani, Souraya

2013-05-31

Due to rising costs of healthcare, determining how registered nurses and knowledge resources influence the quality of patient care is critical. Studies that have investigated the relationship between nursing knowledge and outcomes have been plagued with conceptual and methodological issues. This has resulted in limited empirical evidence of the impact of nursing knowledge on patient or organizational outcomes. The nursing intellectual capital theory was developed to assist with this area of inquiry. Nursing intellectual capital theory conceptualizes the sources of nursing knowledge available within an organization and delineates its relationship to patient and organizational outcomes. In this article, we review the nursing intellectual capital theory and discuss its implications for research and practice. We explain why the theory shows promise for guiding research on quality work environments and how it may assist with administrative decision-making related to nursing human resource management and continuing professional development.

INTELLECTUAL CAPITAL DALAM MENINGKATKAN DAYA SAING: SEBUAH TELAAH LITERATUR

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Noorina Hartati

2015-08-01

Full Text Available Intellectual Capital becomes an interesting topic to discuss and to research because it provides more value for the company thereby increasing competitiveness. Therefore, it should be realized by the owners or top management that the training programs to improve employee competency needs to be improved rather than just buying land for business expansion and new machinery. Based on the research from experts proves that companies that have a more intellectual capital than its competitors the company more profitable, as well as financial performance and firm value better. Viewed from the standpoint of accounting, disclosure of intellectual capital can be seen from the financial reporting of the company through good training programs and human resource spending can increase employee competency, so that the impact effect on Free Cash Flow (FCF is risingDOI: 10.15408/etk.v13i1.1878

Differentiated strategy, business performance, and intellectual capital: Evidence small medium enterprise from Indonesia

Science.gov (United States)

Hariyati; Venusita, L.; Dyani, Z. F.

2018-01-01

Small and Medium Enterprises (SMEs) have a very important position in Indonesian economics. Implementation of the differentiated strategy has been impacted on improving the business performance of SMEs where the role of intellectual capital strongly supports the success of the implementation of the differentiated strategy. This study applied quantitative research which used survey method. This research examines the relationship between differentiated strategy to the performance of SMEs with mediated by intellectual capital. The results of this study show that intellectual capital mediates the relationship between differentiation strategies and business performance of SMEs. This study theoretically proves the importance of contextual variables in contingency theory. The practical results of this study contribute to raising awareness of business unit managers or other equivalent positions, especially managers in East Java to understand the importance of the role of intellectual capital, this is because intellectual capital meets the criteria as a unique source of the company that is able to create competitive advantage and increase the firm’s value.

Evaluating the Intellectual Capital of Technology Transfer and Learning Public Services

Directory of Open Access Journals (Sweden)

Michele Grimaldi

2013-03-01

Full Text Available Since the rise of the knowledge‐based economy, many worldwide companies have begun to deal with different frameworks to manage and evaluate the performance of intellectual capital, especially in the area of knowledge management services. This paper presents a novel conceptual model aiming to support management in evaluating and prioritizing their intellectual capital competitive core competences. Based on the analytic hierarchy process, the model analyses interdependences among intellectual capital elements and determines the impacts of core competences on organizational performance. To validate the model, it is empirically applied in the Technology Transfer Unit of the Italian national agency for new technologies, energy and economic development.

Supplier relationship management leverages intellectual capital for increased competitive advantage

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C. R. Van Zyl

2005-12-01

Full Text Available The main purpose of this article is to demonstrate how supplier relationship management (SRM enables the capture and creation of intellectual capital, thereby attaining and sustaining a strategic competitive advantage and increasing supply chain profitability. In order to achieve this purpose, a large part of the article is devoted to exploring the relatively new and unknown field of SRM. It is shown that an organisation must possess a thorough understanding of good supplier characteristics and of the drivers, benefits and requirements for the successful implementation of SRM, in order to enable that organisation to leverage their supplier relationships to ensure the capture of supplier expertise, patents, experiences etc. (i.e. their intellectual capital. The article then explores how the integration of technology in SRM applications can improve the efficiency of supplier collaboration and intellectual capital capture and creation. It is then demonstrated how efficient and collaborative supplier relationships improve supply chain profitability and competitiveness. Lastly, the article explores the implementation pitfalls and trends of SRM that must be constantly considered and monitored by an organisation in order to continually capture and create intellectual capital and reap the full benefits of SRM. This exploration involved an examination of contemporary literature, theories and business cases and subsequently revealed that SRM is a vital discipline/philosophy that must be implemented by any organisation wishing to achieve greater supply chain efficiency and competitiveness. This competitiveness can only be achieved through the mutual unlocking, sharing and leveraging of intellectual capital.

Entelektüel Sermayeyi Ölçme ve Raporlama Yöntemleri(Methods Used To Measure And Report Intellectual Capital

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Ayşe N. YERELİ

2005-01-01

Full Text Available In recent years, the increasing importance of intellectual capital has demanded measuring and reporting of intellectual capital in firms.The purpose of this paper is to summarize the features of the intellectual capital measurement and reporting methods and eveluate these methods for Turkish acounting system.

Assessing intellectual capital management by fuzzy TOPSIS

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Hossein Jannatifar

2012-10-01

Full Text Available Intellectual capital is a type of asset measuring ability of economic agency in order tomake wealth. These assets do not have physical and objective nature and are intangible assets being achieved through utilization of relative assets with human resources, organizational operation and foreign relations from economic agency. Measuring this issue is important from intra-organizational and extra-organizational views. In this paper, we present survey based on Fuzzy TOPSIS to find important factors influencing intellectual capital management. The proposed model of this paper considers different factors, which exist in the literature and prioritize them based on different criteria. The results of our survey identified seven items as the most influencing factors.

A framework for the management of intellectual capital in the health care industry.

Science.gov (United States)

Grantham, C E; Nichols, L D; Schonberner, M

1997-01-01

This article proposes a new theoretical model for the effective management of intellectual capital in the health care industry. The evolution of knowledge-based resources as a value-adding characteristic of service industries coupled with mounting environmental pressures on health care necessitates the extension of current models of intellectual capital. Our theoretical model contains an expanded context linking its development to organizational learning theory and extends current theory by proposing a six-term archetype of organizational functioning built on flows of information. Further, our proposal offers a hierarchical dimension to intellectual capital and a method of scientific visualization for the measurement of intellectual capital. In conclusion, we offer some practical suggestions for future development, both for researchers and managers.

The impact of intellectual capital on firm performance: Evidence from Tehran Stock Exchange

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Mehran Matinfard

2015-11-01

Full Text Available The aim of the present research is to study the relationship between intellect capital components and performance evaluation indicators. For measuring intellectual capital, the study uses Pulic’s method [Pulic, A. (2000. VAIC™–an accounting tool for IC management. International Journal of Technology Management, 20(5-8, 702-714.], which consists of three components of physical capital efficiency, human capital efficiency and structural capital efficiency. In the present study first, the value of the intellectual capital of the companies listed on Tehran Stock Exchange over the period 2006-2012 is calculated. Next, the relationship between the components of intellectual capital and financial return of the companies are evaluated. For calculating the financial performance 8 performance indicators in 5 groups presenting market value, profitability, activity, capital return, orientation on value creation are used. In the present research the statistical method used for data analysis is multiple regression and correlation coefficients. The selected sample of research includes 73 companies in continuous way for a time period of 7 years and the size of the company has been considered as a control variable. The findings indicate a positive and significant relationship between intellectual capital and financial performance of companies and a positive effect of the size of company on availability rate of intellectual capital and financial performance of a company.

Value Innovation in Hospital: Increase Organizational IQ by Managing Intellectual Capitals.

Science.gov (United States)

Karami, Mahtab; Torabi, Mashallah

2015-02-01

Hospital is a complex organization rich in intellectual capitals. Effective management of these assets in line with innovating value to reach strategic goals and objectives can lead to increasing organizational IQ. In hospital with high organizational IQ, Increasing syntropy in intellectual capitals can convert it to an agile, learner, innovative, and smart organization.

Value Innovation in Hospital: Increase Organizational IQ by Managing Intellectual Capitals

Science.gov (United States)

Karami, Mahtab; Torabi, Mashallah

2015-01-01

Hospital is a complex organization rich in intellectual capitals. Effective management of these assets in line with innovating value to reach strategic goals and objectives can lead to increasing organizational IQ. In hospital with high organizational IQ, Increasing syntropy in intellectual capitals can convert it to an agile, learner, innovative, and smart organization. PMID:25870494

The impact of intellectual capital on performance: Evidence from the public sector

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Assaad Farah

2017-06-01

Full Text Available This paper investigates the influence of intellectual capital on organizational performance in the public sector and studies the interconnections between intellectual capital variables within the latter setting. It follows a quantitative research approach where data was collected from 371 employees in a public entity within the Gulf Cooperation Council (GCC region. The findings highlight the importance of human, social and organizational capital in enhancing performance in the studied organization. Furthermore, the results show that the examined forms of capital can be interconnected. These outcomes support the earlier findings on the positive impact of intellectual capital variables on performance and, provide valuable and rather rare insights on the latter interrelationships within the GCC public sector.

The role of HRM practices in building intellectual capital in knowledge-based teams

DEFF Research Database (Denmark)

Jørgensen, Frances; Becker, Karen

2013-01-01

In this paper, we investigate the ways HRM systems support development of intellectual capital in teams in three case studies of knowledge-intensive firms (KIFs) in Denmark. By focusing on team composition and structure, findings build on the rapidly growing body of literature on HRM’s role....... The findings also have managerial implications regarding the need to align team composition and structure, HRM systems, and intellectual capital focus to support development of team-based intellectual capital....

Financial capital and intellectual capital in physician practice management.

Science.gov (United States)

Robinson, J C

1998-01-01

Medical groups need financial resources yet most retain no earnings and have no reserves. Physician practice management (PPM) companies have recognized the need for investment and the scarcity of indigenous capital in the physician sector and are rushing to fill the void. Resources are being contributed by venture capitalists, bond underwriters, private investors, pharmaceutical manufacturers, health plans, hospital systems, and public equity markets. The potential contribution of PPM firms is to nurture the intellectual capital of leading physician organizations and diffuse it throughout the health care system. The risk is that short-term financial imperatives will impede necessary long-term investments.

Intellectual Capital: A Focus on Human Capital Reporting Practices of Top Malaysian Listed Companies

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Norhayati Mat Husin

2013-07-01

Full Text Available This paper aims to examine the extent of human capital (HC reporting among top Malaysian companies and introduce an HC reporting guideline that can be used by Malaysian companies and regulator. It begins by developing the HC framework based on previous intellectual capital (IC frameworks. This framework is then used to examine each of the top 100 Malaysian companies listed on the Bursa Malaysia in year 2008. Using the content analysis method, it reviews the annual reports of these companies to determine the extent of HC reporting. The findings of this paper highlight the need for the development of IC framework particularly on HC. HC differences were also identified between Malaysia and other countries such as Sri Lanka and Australia, and it is argued that these differences can be attributed to the social, economic, and political factors.Keywords: Human capital, intellectual capital, Malaysia

Reporting Intellectual Capital in Annual Reports: Evidence from Indonesia

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Parulian Sihotang

2014-08-01

Full Text Available This  exploratory  study  which  replicates  the  content  analysis  methodology  of  Guthrie et  all  (1999,  2004  towards  Intellectual  Capital  (IC  disclosures  in  the  annual  report  has set  several  objectives.  Primarily,  the  empirical  investigation  assesses  the  extent  to  which Indonesian  listed  companies  are  publicly  reporting  their  IC  both  the  amount  and  type  of information  being  reported.  Secondly,  the  investigation  also  examines  the  extent  to  which the various categories of IC are represented in the annual reports of the sample companies. Finally, the study explores the extent to which the level of IC disclosures could be related to companies' characteristics such as industry category, age, ownership structure and market capitalization.  The sample was Indonesia's 23 largest companies listed in the Jakarta Stock Exchange.    In  light  of  research  limitations,  the  preliminary  and  tentative  indings  of  this study  indicate  that  irst  of  all,  similar  to  indings  worldwide,  Indonesian  companies  have substantial intellectual capital and they do aware and disclose their intellectual capital in the annual reports. Secondly, IC that tends to be most often reported is relational capital, followed by human capital and organizational capital. Thirdly, even though the trend in IC disclosure as a whole is generally increasing, there is no conclusive and predictable pattern found.  Fourthly,  the  IC  identiied  and  reported  is  inconsistent  as  no  framework  available in  helping  the  companies  discloses  intellectual  capital.  Fifthly,  most  of  the  intellectual capital  components  identiied  are  in  qualitative  format.  Sixthly,  even  though  the  study  did not ind a conclusive evidence regarding the relationship between the level of  IC �

EL CAPITAL INTELECTUAL Y LA GESTIÓN DEL CONOCIMIENTO / INTELLECTUAL CAPITAL AND KNOWLEDGE MANAGEMENT

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Marusia Monagas-Docasal

2012-04-01

Full Text Available El artículo expone el análisis de los conceptos de gestión del conocimiento y de capital intelectual, así como la valoración de 12 modelos para la medición del capital intelectual; los cuales, por sus características y conceptos de aplicación, pudieran, de manera total o parcial, emplearse en las condiciones de las empresas hoteleras cubanas. Se identifican insuficiencias en los modelos analizados, que no imposibilitan utilizar los indicadores contenidos en ellos en la medición del capital intelectual en empresas hoteleras. Como resultado, se deciden utilizar los indicadores del modelo Skandia, concentrados en 4 grupos: cliente, recursos humanos, renovación y desarrollo y procesos. De los 85 indicadores de este modelo, los expertos consideran que 23 de ellos resultan de posible aplicación en las empresas hoteleras cubanas.AbstractThe article presents an analysis of the concepts of knowledge management and intellectual capital, as well as the assessment of 12 models for measuring intellectual capital, which could be used, totally or partially, in Cuban hotel companies, due to their characteristics and application concepts. Some inadequacies in the above mentioned models are identified, which do not limit the use of their indicators in measuring intellectual capital in hotel companies. As a result, the decision is to use the indicators of the Skandia model, concentrated into 4 groups: client, human resources, renovation and development, and processes. Out of the 85 indicators of this model, experts consider that 23 can be applied in Cuban hotel companies.

Investment in intellectual capital and achievement of the competitive advantage in hotel sector

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Qasim Mohammed Dahash

2018-07-01

Full Text Available The primary objective of the research paper is to provide some insights on the concepts of intellec-tual capital and its important dimensions alongside to investigate the possible association between intellectual capital and attainment of competitive advantage. This study focuses on Iraqi hotel industry which is an under-research area in the context of intellectual capital and its relationship with competitive advantage. An adapted questionnaire was utilized to collect the responses from top and middle level managers of four and five-star hotels in Iraq. The reliability and validity of data collec-tion instrument were measured through Cronbach’s alpha, Composite Reliability and Average Var-iance Extracted respectively. The competitive advantage was then regressed against Human, Rela-tional and Structural capital by application of Partial Least Square methodology. Results of the study showed a positive and strong connotation among intellectual capital and attainment of competitive advantage. The human capital had the highest contribution for competitive advantage in hotel sector of Iraq. The top management of hotels should take interest to develop, maintain and retain human capital to attain competitive advantage over competitors.

THE ROLE OF INTELLECTUAL CAPITAL IN KNOWLEDGE - BASED SOCIETY

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Denisa-Elena Parpandel

2013-01-01

Full Text Available In a knowledge - based society, organizations undergo permanent changes and transformations, and the key factor of such changes is intellectual capital regarded as one of the most critical, yet most strategic values an organization might own. Analyzing intelectual capital and knowledge society over the last decades has primarily emerged in private companies, whereas at present there is an increasing concern in all the fields of activity. The goal of this paper is to emphasize the importance of intellectual capital as a source of innovation and novelty used to create competitive advantages for organizations in the era of knowledge where man must rely on intellect, intuition and creativity. The present paper is an exploratory endeavour based on the qualitative method as various information sources are resorted to in order to conceptualize the terms of intellectual capital and knowledge society: specialty literature, case studies, mass-media articles, reports of in-field organizations etc. Organizations should use all the tangible or non-tangible resources they have in order to secure their success and also to build a knowledge society which involves going a long way, based on an ample, complex process where innovation has a major role and a global nature.

Continuities in the use of the intellectual capital statement approach

DEFF Research Database (Denmark)

Nielsen, Christian; Roslender, Robin; Schaper, Stefan

2016-01-01

The Danish Guideline Project and its principal output, the intellectual capital statement, have attracted only a very limited extent of empirical attention since the conclusion of the initiative in December 2002. The paper reports the findings of a series of semi-structured interviews with indivi...... of the implementation and evolution of these practices. The paper utilises a number of elements of institutional theory to organise the findings and to discuss the continuities in intellectual capital reporting practice documented therein....

Corporate governance, intellectual capital and performance: Evidence from the public sector in the GCC

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Udo Braendle

2017-09-01

Full Text Available This unique study tries to link corporate governance, intellectual capital and organizational performance in the public sector in the Gulf Cooperation Council (GCC. To do so we collected data from 371 managers in public entities within the GCC region. Our findings indicate the importance of corporate governance (in form of human, social and structural capital to enhance performance in the public sector. Not only have those, results showed that the examined forms of capital are interrelated. We therefore support earlier findings that attribute impact of intellectual capital variables on performance. These results are highly relevant within the context of the GCC public sector. The findings of the papers help both, scholars and practitioners: the findings of the paper help to better understand the links between corporate governance and intellectual capital. Further, the study provides – based on GCC public sector data - the unique opportunity to see the interrelationships between corporate governance, intellectual capital and performance within the GCC public sector

Nursing intellectual capital theory: testing selected propositions.

Science.gov (United States)

Covell, Christine L; Sidani, Souraya

2013-11-01

To test the selected propositions of the middle-range theory of nursing intellectual capital. The nursing intellectual capital theory conceptualizes nursing knowledge's influence on patient and organizational outcomes. The theory proposes nursing human capital, nurses' knowledge, skills and experience, is related to the quality of patient care and nurse recruitment and retention of an inpatient care unit. Two factors in the work environment, nurse staffing and employer support for nurse continuing professional development, are proposed to influence nursing human capital's association with patient and organizational outcomes. A cross-sectional survey design. The study took place in 2008 in six Canadian acute care hospitals. Financial, human resource and risk data were collected from hospital departments and unit managers. Clearly specified empirical indicators quantified the study variables. The propositions of the theory were tested with data from 91 inpatient care units using structural equation modelling. The propositions associated with the nursing human capital concept were supported. The propositions associated with the employer support for nurse continuing professional development concept were not. The proposition that nurse staffing's influences on patient outcomes was mediated by the nursing human capital of an inpatient unit, was partially supported. Some of the theory's propositions were empirically validated. Additional theoretical work is needed to refine the operationalization and measurement of some of the theory's concepts. Further research with larger samples of data from different geographical settings and types of hospitals is required to determine if the theory can withstand empirical scrutiny. © 2013 Blackwell Publishing Ltd.

Leveraging intellectual capital through Lewin's Force Field Analysis: The case of software development companies

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Alexandru Capatina

2017-09-01

Full Text Available This article presents an original conceptual framework for the strategic management of intellectual capital assets in software development companies. The framework is based on Lewin's Force Field Analysis. The framework makes it possible to assess software company managers’ opinions regarding the way driving and restraining forces affect the pillars of intellectual capital. The capacity to adapt to change is vital for companies in knowledge-intensive industries. Accordingly, this study examined a sample of 74 Romanian software development companies. The aim was to help companies benefit from managing the driving and restraining forces acting upon the pillars of intellectual capital (human, structural, and relational. The effects of the driving forces, quantified by PathMaker software's Force Field Tool, were observed to be greater than the restraining forces for each pillar of intellectual capital. This paper contributes by showing the explanatory power of this framework. The framework thus offers a tool that helps managers drive change in their organizations through effective intellectual capital management. Furthermore, this article describes how to encourage the implementation of changes that create value for software development companies.

THE INTELLECTUAL CAPITAL PERFORMANCE OF POLISH BANKS: AN APPLICATION OF VAIC™ MODEL

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Karol Śledzik

2013-10-01

Full Text Available In the knowledge based economy intangible resources are the primary value drivers. This is particularly true of companies such as banks. However, intangible resources (also called Intellectual Capital appear difficult to measure. Today, there are several methods that allow us to measure Intellectual Capital in listed companies. However, not all methods of measurement are adequate for listed banks. This paper uses the Value Added Intellectual Coefficient™ (VAIC™ ratio to measure the Intellectual Capital efficiency of the Polish listed banks using a five years period data set from 2005 to 2009. Three value efficiency indicators, Human Capital Efficiency (HCE, Capital Employed Efficiency (CEE and Structural Capital Efficiency (SCE which are the components of the VAIC™ ratio, were used in the analysis. The data set was divided into two groups of banks. The first group was that of 10 listed Polish banks and the second group was comprised of 10 listed comparable banks from Europe (which was the peer group. The results of the rankings of the banks for the average of five years (2005-2009 showed that for VAIC™ the top two performers in the study were Komercni Banka and BRD Groupe Societe Generale S.A. The BCGE - Banque Cantonale de Geneve, Bankas Snoras and BOŚ Bank were the worst performers. The results of ranking based on Human Capital Efficiency (HCE, showed similar results as that of VAIC™. There was observed a significant decrease of the VAIC™ ratio in the years 2008 and 2009 which was caused by the crisis on financial markets. The results extend the understanding of Intellectual Capital’s role in creation of sustainable advantages for banks in developing economies.

An empirical investigation of intellectual capital components on each others and organizational learning capabilities

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Nabi ollah Nejatizadeh

2013-02-01

Full Text Available During the past few years, there have been growing interests on intellectual capital due to industrial changes on the market. Thus, identifying different ways to create, manage, and evaluate the impact of intellectual capital has remained an open area of research. One of the most important organizational capabilities, which could help organizations create and share knowledge is to effectively use knowledge to create competitive advantage. The primary objective of this study is to investigate the effects of intellectual capital on other components and their impacts on organizational learning capability using structural equation modeling. The statistical population includes 500 employees of an Iranian organization. The study uses a sample size including 273 people using Morgan statistical table. In our survey, human capital influences positively (0.330 on structural capital, human capital influences positively on relational capital (0.47 and relational capital influences positively on structural capital (0.455. In addition human capital influences positively on learning capabilities (0.06, structural capital impacts learning capabilities (0.355 and relational capital on learning capabilities (0.545.

Reporting Intellectual Capital to Augment Research, Development and Innovation in SME's

NARCIS (Netherlands)

Jacob Ben-Simchon; Dr. Daan Andriessen

2006-01-01

In December of 2004 the Directorate General for Research and Technological Development (DG RTD) of the European Commission (EC) set up a High-Level Expert Group to propose a series of measures to stimulate the reporting of Intellectual Capital in research intensive Small and Medium-Sized Enterprises

The impact of intellectual capital on performance: Evidence from the public sector

OpenAIRE

Assaad Farah; Shadi Abouzeid

2017-01-01

This paper investigates the influence of intellectual capital on organizational performance in the public sector and studies the interconnections between intellectual capital variables within the latter setting. It follows a quantitative research approach where data was collected from 371 employees in a public entity within the Gulf Cooperation Council (GCC) region. The findings highlight the importance of human, social and organizational capital in enhancing performance in the studied organi...

Dynamic Intellectual Capital Model in a Company

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Vladimir Shatrevich

2015-06-01

Full Text Available The aim of this paper is to indicate the relations between company’s value added (VA and intangible assets. Authors declare that Intellectual capital (IC is one of the most relevant intangibles for a company, and the concept with measurement, and the relation with value creation is necessary for modern markets. Since relationship between IC elements and VA are complicated, this paper is aimed to create a usable dynamic model for building company’s value added through intellectual capital. The model is incorporating that outputs from IC elements are not homogeneously received and made some contributions to dynamic nature of IC relation and VA. Variables that will help companies to evaluate contribution of each element of IC are added to the model. This paper emphasizes the importance of a company’s IC and the positive interaction between them in generating profits for company.

ANALYSIS OF THE INTELLECTUAL CAPITAL – RESOURCE ESSENTIAL IN THE CREATIVE ECONOMY

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Raluca Florentina CRETU

2017-10-01

Full Text Available Creative economy, that currently governs mankind, justifies the role and importance of intellectual capital in maintaining economic entities in the market especially in times of crisis, but also the continuity of activity. The value of “hidden capital”, the name given to intellectual capital, represents 93% of the acquisition value of an economic entity and only 7% of the acquisition price of a listed company is justified in the balance sheet. Based on the economic and financial indicators, at the level of the pharmaceutical sector in Romania we analysed and highlighted the role and the importance of the intellectual capital, for a period of 8 years, respectively 2008-2015.

Investigating the effects of intellectual capital on organizational performance measurement through organizational learning capabilities

Directory of Open Access Journals (Sweden)

Nabi ollah Nejatizadeh

2013-01-01

Full Text Available During the past few years, there have been growing interests on intellectual capital due to industrial changes on the market. Thus, identifying different ways to create, manage, and evaluate the impact of intellectual capital has remained an open area of research. One of the most important organizational capabilities, which could help organizations create and share knowledge is to effectively use knowledge to create competitive advantage. The primary objective of this study is to investigate the effects of intellectual capital on other components and their impacts on organizational learning capability. The statistical population includes 500 employees of an Iranian organization. The study uses a sample size including 273 people using Morgan statistical table and Cronbach's alpha is calculated as 0.838. The results of this survey indicate that human capital, relational capital and learning capabilities have positive impact on organizational performance. In addition, relational capital positively impacts learning capability and human capital influences positively on relational capital.

Online disclosure of Intellectual Capital: an analysis of the Iberian Banks

OpenAIRE

Silva, Lurdes; Rodrigues, Ana Maria; Muñoz Dueñas, Pilar

2017-01-01

Abstract Purpose: Study the practices of online disclosure of intellectual capital of the eighty-six banks operating in Portugal and Spain in 2016. More specifically we sought to analyse the extent of the disclosure of information about intellectual capital, and of each of its’ components, through the institutional webpages of the banks operating in these two countries. Design/methodology/approach: Based upon an empirical-positivistic methodology, and resorting to the content analysis of ...

Benchmarking in the National Intellectual Capital Measurement: Is It the Best Available Approach?

Science.gov (United States)

Januškaite, Virginija; Užiene, Lina

2016-01-01

Sustainable economic development is an aspiration of every nation in today's knowledge economy. Scientists for a few decades claim that intellectual capital management is the answer how to reach this goal. Currently, benchmarking methodology is the most common approach in the national intellectual capital measurement intended to provide…

Faktor-Faktor yang Mempengaruhi Pengungkapan Intellectual Capital Pada Perusahaan Property dan Real Estate

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Soraya faradina

2016-01-01

Full Text Available The purpose of this research is to find out the effect of firm age, firm size, leverage, profitability and concentration of ownership on intellectual capital disclosure. The sample of this study is from property and real estate firm that listed on Indonesian Stock Exchange from 2010 until 2014. This research using purposive sampling method, to determine the sample of this research with 80 companies as population and 16 companies as sample. This research using multiple linear regression analyzed method by SPSS program version 22 for windows. Partially, the results of this research indicate that only firm size has an effect on intellectual capital disclosure, while firm age, leverage, profitability and concentration of ownership do not have an effect on intellectual capital disclosure. The result also indicates that firm age, firm size, leverage, profitability and concentration of ownership simultaneously have an effect on intellectual capital disclosure.DOI: 10.15408/ess.v5i2.2350

Intellectual capital and relational capital: The role of sustainability in developing corporate reputation Intellectual capital and relational capital: The role of sustainability in developing corporate reputation Intellectual capital and relational capital: The role of sustainability in developing corporate reputation

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Ignacio Rodríguez del Bosque

2013-01-01

Full Text Available Purpose: Intellectual capital offers a potential source of sustainable competitive advantage and is believed to be the source from which economic growth may sprout. However, not many papers analyze the effect of sustainability in the elements involving intellectual capital. This paper seeks to highlight the key role played by corporate sustainability on corporate reputation as one of the key components of relational capital based on the knowledge-based theory.Design/methodology/approach: Authors develop a structural equation model to test the hypothesis. The study was tested using data collected from a sample of 400 Spanish consumers.Findings: The structural equation model shows that sustainability plays a vital role as antecedent of corporate reputation and relational capital. Findings suggest that economic, social and environmental domains of sustainability have a positive direct effect on corporate reputation. Additionally, this study shows that economic sustainability is considered to be the most important dimension to enhance corporate reputation.Research limitations/implications: The complicated economic environment currently experienced worldwide may affect the perceptions of Spanish consumers and their ratings. The crosscutting nature of this research inhibits an understanding of the variations in the perceptions of the customers surveyed over time, suggesting that this research could be expanded by a longitudinal study. Finally, the current study has been conducted with consumers of hotel companies in Spain and it is not clear in how far the findings can be generalized to other industries, stakeholders or countries.Practical implications: This research allows managers to identify the activities in which companies can devote resources to in order to increase firm´s reputation. By knowing these specific economic, social and environmental activities, companies can understand, analyze and make decisions in a better way about its sector and

Los Alamos National Laboratory Human and Intellectual Capital for Sustaining Nuclear Deterrence

Energy Technology Data Exchange (ETDEWEB)

McAlpine, Bradley [Los Alamos National Lab. (LANL), Los Alamos, NM (United States)

2015-04-01

This paper provides an overview of the current human and intellectual capital at Los Alamos National Laboratory, through specific research into the statistics and demographics as well as numerous personal interviews at all levels of personnel. Based on this information, a series of recommendations are provided to assist Los Alamos National Laboratory in ensuring the future of the human and intellectual capital for the nuclear deterrence mission. While the current human and intellectual capital is strong it stands on the precipice and action must be taken to ensure Los Alamos National Laboratory maintains leadership in developing and sustaining national nuclear capabilities. These recommendations may be applicable to other areas of the nuclear enterprise, including the Air Force, after further research and study.

Los Alamos National Laboratory Human and Intellectual Capital for Sustaining Nuclear Deterrence

International Nuclear Information System (INIS)

McAlpine, Bradley

2015-01-01

This paper provides an overview of the current human and intellectual capital at Los Alamos National Laboratory, through specific research into the statistics and demographics as well as numerous personal interviews at all levels of personnel. Based on this information, a series of recommendations are provided to assist Los Alamos National Laboratory in ensuring the future of the human and intellectual capital for the nuclear deterrence mission. While the current human and intellectual capital is strong it stands on the precipice and action must be taken to ensure Los Alamos National Laboratory maintains leadership in developing and sustaining national nuclear capabilities. These recommendations may be applicable to other areas of the nuclear enterprise, including the Air Force, after further research and study.

The Relationship Between Intellectual Capital and Firm Value: A Study in Istanbul Stock Exchange

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Selim CENGİZ

2013-06-01

Full Text Available The main purpose of this study is to investigate the relationship between intellectual capital and firm value. The study is significant in that it makes intellectual capital, which is of vital importance in ensuring firms’ sustainability, more apparent and it provides a chance to make comparisons with other studies. The companies operating in energy sector in Borsa Istanbul (abbreviated as BIST, former Istanbul Stock Exchange during the period of 2009-2011, are taken into the scope of analysis. Within this scope, the findings obtained by using “Calculated Intangible Value Management” are compared with firms’ market value/book value practices in order to determine the relationship between intellectual capital and firm value. The findings reveal that energy companies operating in Turkey do not consider their intellectual capital assets important and tangible assets are the main factors affecting business performance.

The intellectuals of capital and the mercantilized expansion of brazilian higher education

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Alisson Slider do Nascimento de Paula

2017-12-01

Full Text Available The study seeks to understand the interests of the capital intellectuals’ movement for Brazilian higher education. We chose a bibliographical study and document, besides using the method of Marxist dialectical analysis to understand reality as a complex totality, an articulated whole. It was verified that intellectuals play a decisive role in taking action on the direction of Brazilian higher education policy, operating directly in the culture of the state university as well as orchestrating a political-juridical framework for the expansion of private higher education institutions. At the limit, intellectuals are not only manifested as individual subjects; however, as organized collective subjects, for example, international financial capital organizations with their orientations towards peripheral countries express intellectuals of capital in their parasitic phase.

The role of causal maps in intellectual capital measurement and management

DEFF Research Database (Denmark)

Montemari, Marco; Nielsen, Christian

2013-01-01

Purpose – The purpose of this paper is to investigate the measurement and the management of the dynamic aspects of intellectual capital through the use of causal mapping. Design/methodology/approach – The study details the methods utilized in a single in-depth case study of a network-based business...... of the lag and the persistence of the effects of managerial actions. In addition, it can signal when and how to refine and update the causal map. The combination of these factors supports the dynamic measurement and management of intellectual capital. Research limitations/implications – The paper presented...... the causal mapping approach into practice. Practical implications – The paper highlights the need to build causal maps to enhance the measurement and management of intellectual capital, which is dynamic of nature. As a consequence, this tool can be useful for companies to monitor their intangibles...

The Relationship between Intellectual Capital and Income Smoothing and Stock Returns (Case in Medical Companies

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Dr. H. Vakilifard

2013-05-01

Full Text Available This article examines the relationship between intellectual capital, income smoothing and stock returns. We are capturing income smoothing through total accruals. Income smoothing firms have significantly higher abnormal returns around earnings announcement. In the knowledge economy, intellectual capital has become one of the primary sources of competitive advantage for a firm. Given the remarkable shift in the underlying production factors of a business within the new knowledge economy, it is important for firms to be aware of the elements of intellectual capital that would lead to value creation. So we associated relationship between intellectual capital and income smoothing and stock returns. The sample includes 108 firm-year observations from 2006 to 2011.We have used five variables: three variables to measure IC, and two variables to measure stock returns and income smoothing. Initial data analyses were conducted through SPSS. The results of our study showed that there was relationship between physical capital and stock returns but they did not provide support for the positive relationship between structural capital, human capital and firm’s financial performance.

Impact of gender and ethnic composition of South African boards of directors on intellectual capital performance

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J-L. W. Mitchell Van der Zahn

2006-01-01

Full Text Available This study examines the association between the gender and ethnic composition of boards of directors and firm performance in a transitional nation. In contrast to prior research that largely focuses on firm performance within a financial context, this study concentrates on intellectual capital performance. Using data collected from 84 South African, empirical results indicate a positive association between the percentage of female and non-white directors on the board and a firm’s intellectual capital performance. Additional analysis shows the designation of female directors as an insider has a negative effect of intellectual capital performance. Designation of female and non-white directors as outsiders, meanwhile, has a positive influence on a firm’s intellectual capital performance. Finally, there was no association between the percentage of non-white inside directors on the board and intellectual capital performance.

Getting People Involved: The Benefit of Intellectual Capital Management for Addressing HR Challenges

Science.gov (United States)

Pook, Katja

2011-01-01

Purpose: This paper aims to explore the benefits of intellectual capital assessment for facing current challenges of human resources work and organizational development. Design/methodology/approach: The paper takes findings of studies on challenges in HR work and maps them with features of intellectual capital assessment methods. It is thus a…

The mediating effect of financial performance on the relationship between intellectual capital & market share: Evidence from Tehran stock exchange

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Seyed Mohamad Fahimi

2017-11-01

Full Text Available Intellectual capital has an important role in this knowledge based economy era. The purpose of this study is to examine the mediating effect of financial performance on the relationship between intellectual capital and market share in the listed Companies in the Tehran Stock Exchange in this study to assess the intellectual capital, the rate of value-added intellectual capital that developed by Pulic (1998 is used. The sample included 99 companies listed in the Tehran Stock Exchange, for a period of five years from 2011 to 2015. The research findings show a significant positive relationship between intellectual capital and market share. Also the results show that there is no mediating effect of financial performance in the relationship between intellectual capital and market share

Asian and western Intellectual Capital in encounter

NARCIS (Netherlands)

Marien van den Boom; Dr. Daan Andriessen

2007-01-01

The purpose of the paper is to start a dialogue about differences between Western and Eastern cultures in the way they conceptualize knowledge and discuss the implications of these differences for a global intellectual capital (IC) theory and practice. A systematic metaphor analysis of the concept

System dynamics modelling and simulating the effects of intellectual capital on economic growth

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Ivona Milić Beran

2015-10-01

Full Text Available System dynamics modelling is one of the best scientific methods for modelling complex, nonlinear natural, economic and technical system dynamics as it enables both monitoring and assessment of the effects of intellectual capital on economic growth. Intellectual capital is defined as “the ability to transform knowledge and intangible assets into resources to create wealth for a company and a country.” Transformation of knowledge is crucial. Knowledge increases a country’s wealth only if its importance is recognized and applied differently from existing work practices. The aim of this paper is to show the efficiency of modelling system dynamics and simulating the effects of intellectual capital on economic growth. A computer simulation provided a mathematical model, providing practical insight into the dynamic behavior of the observed system, i.e. the analysis of economic growth and observation of mutual correlation between individual parameters. The results of the simulation are presented in graphical form. The dynamic model of the effects of intellectual capital on Croatia’s economic growth has been verified by comparing simulation results with existing data on economic growth.

Intellectual Capital Performance Sektor Perbankan di Indonesia

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Ihyaul Ulum MD

2008-01-01

Full Text Available The paper seeks to estimate and analyze the Value Added Intellectual Coefficient (VAICTM for measuring the value-based performance of the Indonesian banking sector for three years, 2004 to 2006. Annual reports, especially the profit/loss account and balance-sheet of the banks concerned for the relevant years, were used to obtain the data. A review is conducted of the international literature on intellectual capital with specific reference to literature that reviews measurement techniques and tools, and the VAICTM method is applied in order to analyze the data of Indonesian banks for the three years period. The study confirms the improvement in the overall performance over three years. In 2004 and 2006, the overall performance of Indonesian banking sector is “good performers” (the VAICTM score is 2.07. While in 2005, the performance is “common performers” (the VAICTM score is 1.95. Abstract in Bahasa Indoensia: Penelitian ini bertujuan untuk mengestimasi dan menganalisis Value Added Intellectual Coefficient (VAIC dalam pengukuran kinerja yang berbasis pada nilai atas perusahaan perbankan di Indonesia selama tiga tahun, 2004-2006. Data yang digunakan adalah laporan tahunan, khususnya laporan laba/rugi dan neraca, diperoleh baik melalui website resmi masing-masing bank maupun dari website BEI. Hasil kajian ini menunjukkan bahwa pada tahun 2004 dan 2006, secara umum kinerja perusahaan perbankan di Indonesia masuk dalam kategori good performers dengan skor VAIC 2.07. Sedangkan pada tahun 2005, kinerjanya turun menjadi common performers (dengan skor VAIC 1.95. Keterbatasan penelitian ini adalah data yang digunakan hanyalah perusahaan perbankan yang terdaftar di BEI (24 bank, sementara jumlah keseluruhan bank per Desember 2006 adalah 130. Dengan demikian hasil penelitian ini tidak dapat digunakan untuk mengeneralisir populasi. Kata kunci: intellectual capital, sektor perbankan, aset tidak berwujud, Value Added Intellectual Coefficient (VAICTM

INTELLECTUAL CAPITAL: PERLAKUAN, PENGUKURAN DAN PELAPORAN (SEBUAH LIBRARY RESEARCH

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Tjiptohadi Sawarjuwono

2003-01-01

Full Text Available The changing paradigm from labor based business to knowledge based business has made an inclusion of human resources into an income statement. Among intangible assets, human resources, which is called intellectual capital (IC, becomes the core asset in a company. IC consists three basic elements, they are human capital, structural capital and customer capital. In fact, these are the real power of the company in producing, developing, and bringing the company to the future. Accordingly proponents agree to disclose these on the income statement. Unfortunately, accounting practice has not accounted for them. Whilst, IC describes the creation values, accounting practice does not have tools to identity, measures and disclose them on the annual reports. Therefore this research attempts to provide ideas and open nuance for accountants. This research employ a thick library research, an alternative research methodology that suitable to answer the research question. This research is conducted in depth discourse producing some methods for measuring and reporting IC that are practiced recently. The study concludes that methods of measurement IC have been classified into a financial and non-financial measurement. For the reporting purposes, it is needed a supplement to the income statement consisting an intellectual capital statement.

A survey on relationship between intellectual capital and organizational innovation: A case study of banking industry

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Gholam Panahandeh

2014-04-01

Full Text Available This paper presents an empirical investigation to study the relationship between intellectual capital and organizational innovation in an Iranian bank named Ghavamin located in city of Zanjan, Iran. The proposed study uses a questionnaire introduced by Bontis [Bontis, N. (1999. Managing organisational knowledge by diagnosing intellectual capital: framing and advancing the state of the field. International Journal of technology management, 18(5, 433-462.] for measuring the effect of intellectual capital and designs a questionnaire to measure organizational innovation. The questionnaires are distributed among 40 randomly selected managers and regular employees and using Pearson correlation as well as stepwise regression model, the study has detected positive and meaningful relationship between intellectual capital and organizational innovation.

Nursing intellectual capital theory: operationalization and empirical validation of concepts.

Science.gov (United States)

Covell, Christine L; Sidani, Souraya

2013-08-01

To present the operationalization of concepts in the nursing intellectual capital theory and the results of a methodological study aimed at empirically validating the concepts. The nursing intellectual capital theory proposes that the stocks of nursing knowledge in an organization are embedded in two concepts, nursing human capital and nursing structural capital. The theory also proposes that two concepts in the work environment, nurse staffing and employer support for nursing continuing professional development, influence nursing human capital. A cross-sectional design. A systematic three-step process was used to operationalize the concepts of the theory. In 2008, data were collected for 147 inpatient units from administrative departments and unit managers in 6 Canadian hospitals. Exploratory factor analyses were conducted to determine if the indicator variables accurately reflect their respective concepts. The proposed indicator variables collectively measured the nurse staffing concept. Three indicators were retained to construct nursing human capital: clinical expertise and experience concept. The nursing structural capital and employer support for nursing continuing professional development concepts were not validated empirically. The nurse staffing and the nursing human capital: clinical expertise and experience concepts will be brought forward for further model testing. Refinement for some of the indicator variables of the concepts is indicated. Additional research is required with different sources of data to confirm the findings. © 2012 Blackwell Publishing Ltd.

THE TRANSPARENCY IN THE REPORTING OF INTELLECTUAL CAPITAL: BETWEEN THE MANAGEMENT RESPONSIBILITY AND THE STAKEHOLDERS' REQUIREMENTS

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Dicu Roxana-Manuela

2011-07-01

Full Text Available The increasingly ample orientation of the companies towards the intellectual capital is based on the rediscovery of this resource with (almost unlimited potential, generating economic benefits for a company. Given its importance, the information needs of stakeholders on this line have increased. Thus, in this context, it was put the issue of reporting information related to intellectual capital and the transparency of information published by companies, given that its reporting is not currently regulated. The objective of this paper is to establish an answer to a question: Up to what limit should be made public information related to this capital, given that stakeholders want as much information, and managers only publish information that favors the company's image? In addressing this issue, the point of departure is the intellectual capital structure, most commonly found in the literature, namely human capital, structural capital and relational capital. With this structure, the paper establishes, as a first step, a series of relevant indicators relating to the three components from three different perspectives: resources, management achievements and future expectations. At first observation, the indicators are divided into two categories: financial and non-financial, the first ones targeting the company's performance in relation to the components of intellectual capital, and the latter ones having a pronounced social touch. Based on these indicators, the paper analyses whether a company is willing to publish information, particularly those with social influence, especially in the current conditions of intensely requested social responsibility. In addition to documentary research, we also consider the most important findings based on existing reporting arrangements of the companies, especially from the reports published by them, depending on different criteria, such as social engagement, financial and accounting criteria etc. Given the lack of

Intellectual Capital in Enterprises and a Model Study in an Industrial Zone

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Selcuk Kendirli

2014-09-01

Full Text Available Intellectual Capital in Enterprises and a Model Study in an Industrial Zone   Abstract The study mainly consists of two parts. The first part includes theoretical knowledge, the second part includes application-oriented information. In the theoretical part of the study, intellectual capital and SMEs are emphasized in general. In the application-oriented part of the study, a field research will be done for Corum SME. In this study, the demographic structure of Corum SMEs, intellectual capital structure and financial performance of this structure will be evaluated. The resulting data will be analyzed in this context. The businesses operating in the Organized Industrial Zone of Corum and those matching the definition of SME will be considered within the research scope. Surveys will be applied by interviewers face to face and each survey will be evaluated individually. After the evaluation, a model will be proposed. The aim of our study is to investigate the relationship between components of intellectual capital in SMEs and business performance. For this reason, a survey will be conducted for SMEs. Since the results of the study will be shared with scientific circles and the public, they will prove to be guiding for Çorum SMEs.

FEATURES THEORETICAL PRINCIPLES EFFECT ON INTELLECTUAL CAPITAL MANAGEMENT PROCESS

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Nataliia Vasylyshyna

2016-06-01

Full Text Available The whole history of humanity is evidence that it sought and continues to seek to optimize the efficiency of the phenomenon of business through rationalization of engagement and use of intellectual, psychological and physical potential of each individual or group of individuals to work to achieve the goals set by the determined community of people depending on prevailing in this community needs and motives, which are the driving force behind its development. The development of effective, adapted to modern conditions of management mechanisms of power companies by using an integrated and systematic management of intellectual resources. Key words: intellectual capital, power company, intellectual product, knowledge, business. JEL: M 20

Downsizing?-?Intellectual Capital Performance Anorexia or Enhancement?

Science.gov (United States)

Williams, S. Mitchell

2004-01-01

The objective of this paper is to investigate if downsizing contributes to, or impedes, a firm's intellectual capital performance (ICE) based on a longitudinal analysis of 56 United States publicly listed companies that significantly downsized their workforce during the mid-1990s. Empirical analysis indicates that for the majority of firms, ICE…

KNOWLEDGE MANAGEMENT AND INTELLECTUAL CAPITAL MANAGEMENT COUPLED TO QUALITY MANAGEMENT SYSTEM LEAD TO BUSINESS SUCCESS

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Stevan Živojinović

2009-03-01

Full Text Available From the vantage point of contemporary management paradigm shift and new knowledge-based economy, we underscore the importance of relations and support of quality management system - QMS (according to ISO 9001 standard for management of knowledge and intellectual capital. QMS implementation, documenting, application, maintenance and continuous improvement, as a catalyst of effective organization management, provides a foundation for effective knowledge management and intellectual capital enlargement, via knowledge, skills, management systems, procedures, information and product flow, culture, inovation, relations with customers and other stakeholders. Simultaneous implementation and dynamic interaction of these advanced management concepts intended to attain competitive advantage can result in synergic effects and improved performance. From the perspective of knowledge, as a central unifying notion, organizational behavior based on learning influences long-term business success, process effectiveness and customer satisfaction.

Economic intelligence and intellectual capital in agriculture competitiveness: Case study

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Nešković Slobodan

2016-01-01

Full Text Available The process of globalization in the last few decades conditioned the many technological, economic and social changes which have transformed the world market of agricultural products and the impact on the competitive environment. In the modern world, creating material value in agricultural production more and more the result of the intangible factors and production is increasingly based on knowledge, skills and innovation of employees. In the industrial age the necessary resources to achieve competitive advantages were capital, natural resources and work, while in today's knowledge-based economy the importance is on the information, innovation, knowledge, intellectual capital and intellectual property - that have become the foundation of creating all other values. These values are, because of their great importance in achieving the modern competitive advantages, very often the target of economic intelligence and therefore require all available forms of protection. The sector of agricultural production can make a significant contribution to improving the overall national competitiveness if it is based on intellectual capital as evidenced by the country with highly developed agriculture. However, by observing global changes can be concluded that Serbia in this sector has unused potential for growth and development.

The company's intellectual capital. Evolution and future development; El capital intelectual de la empresa, evolucion y desarrollo futuro

Energy Technology Data Exchange (ETDEWEB)

Martin de Castro, G.; Navas Lopez, J. E.; Lopez Saez, P.; Delgado Verde, M.

2010-07-01

During last decades, an important change in economic and social activities, models and relationships are emerging, which can be labelled as Post-industrial Society or Knowledge Economy and/or Society. In this new arena, intellectual capital, as the fourth factor of production, is replacing the other ones land, labour, and capital. In this sense, this paper tries to offer an integrative view of intellectual capital, showing its origins and evolution, both academic and practitioner ones, as well as its conceptual definition and some of the future research trends. (Author) 35 refs.

Intellectual Capital and Intangible Assets Analysis and Valuation

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Ion Anghel

2008-03-01

Full Text Available Today the intellectual capital is a key factor in company’s profitability. Two major forces have driven the high performance workplace over the past two decades: globalization and increasing in technological changes. In this environment, the intellectual capital and intangible assets is fundamental to success. In the new economic competition, knowledge assets provide a sustainable competitive advantage. The measurement is fundamental to support management decision in allocation investment and investor’s decision regarding the value versus price. In our research we consider a group of Romanian listed companies on Bucharest Stock Exchange and analyze the importance of intangible value into the total market value of the equity. From accounting point of view the importance of intangible assets is very low but from the market evidence was indicated 47% importance of intangible value in total market value for the Romanian listed companies.

Estimation of intellectual capital in the European Union using a knowledge model

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Domingo Nevado Peña

2011-06-01

Full Text Available This paper presents a model aimed at measuring intellectual capital as the potential knowledge of a country and apply it to the European Union. The method consists of activating accountable expenses, assumed to generate knowledge. In order to do so, efficiency indicators are used, derived from a summary of variables of structural, human and technological capitals by means of factor analysis. The results of this study for the EU25 in 2006 explain why Northern Europe has greater intellectual capital potential. They are more productive, as they manage and apply new technologies better. In human capital, Eastern countries have strong potential. The paper concludes that, at the conceptual level, this information should be used to design convergence policies and balanced development strategies to ensure economic growth.

Managing intellectual capital through a proper building configuration

NARCIS (Netherlands)

Appel - Meulenbroek, H.A.J.A.

2013-01-01

This paper takes a look at a totally different type of resource to improve the management of intellectual capital because it describes the physical work environment instead of the more often studied organisational/social work environment. It identifies physical aspects that stimulate both sharing

Conceptualizing Intellectual Capital as Language Game and Power

DEFF Research Database (Denmark)

Jørgensen, Kenneth Mølbjerg

2005-01-01

Knowledge is deemed to be the increasingly important factor of production in creating economic and social value. Intellectual capital (IC) has emerged as a key concept encompassing this development. As such IC can be viewed as knowledge about knowledge, knowledge creation and how such processes...

THE ROLE OF HABITUS IN DEVELOPING INTELLECTUAL CAPITAL STUDENT AT MA'HAD ALY AL FURQON, PONOROGO

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Katni dan Anip Dwi Saputro

2017-12-01

Full Text Available The institution always expects the output quality and personality, but if the surroundings of education never give appropriate habitus, then the result will not be achieved. On the basis of this research, trying to peel about the role of habitus in developing intellectual capital which is a student at Ma'had synergy between the structure with an agency, how an intellectual capital created and run in a Ma'had university. The question of the Islamic College during this time, when students are extremely variable input, its ability to be tough in the formation and determination of the standard of their abilities.  The results of this study found that the role of habitus intellectual capital improvement done in Mahad Aly Al Furqon Ponorogo there are seven models of the structure that supports the students ' intellectual capital development in Ma'had Aly Al Furqon Ponorogo. As for overcoming the Burnout, the students do a variety of activities that make students fresh so avoid burnout. The results of the intellectual capital developed in the Mahad Aly Al Furqon students achieved the target of memorizing a set amount and the more intellectual growth of students marked with a creative, independent inquiries, in drawing up the scientific agenda, active removing the arguments in different ways.

Intellectual Capital and Predefined Headings in Swedish Health Care Sector

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Terner Annika

2017-01-01

Full Text Available The heavily decentralized Swedish health care sector is facing massive challenges, e.g. to even out differences in health care performance. Intellectual Capital can partly be used to explain these differences. In the research field it is difficult to find contributions regarding the study of intellectual capital management in the health care sector and there is also a lack of studies on semantic interoperability. It is semantic interoperability which allows the right information to be available to the right people at the right time across products and organizations. Structured and standardized headings can be a tool to enable semantic interoperability. The aim of this article is to argue for predefined headings as intellectual capital and as base for a national shared and standardized terminology in the health care sector. The study shows that there is a lack of national management of predefined headings deployed in both electronic health records and national quality registries. This lack causes multiple documentation which is time-consuming, impacts health professionals’ workloads, data quality and partly the performance of health care. We argue that predefined headings can be a base for semantic interoperability and that there is a need for the management of predefined headings on a national level.

INTELLECTUAL CAPITAL REPORTING AND DISCLOSURE IN THE ANNUAL REPORTS OF ROMANIAN MANUFACTURING LISTED COMPANIES" THEORETICAL FRAMEWORK

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Farcas Mariana

2011-07-01

Full Text Available One of the most researched topic regarding financial reporting and disclosure of today is the way intellectual capital or knowledge assets contributes to the improving of the quality of information disclosed and create or add value to business performance. Also, it is acknowledged that a company has access to a variety of tools for disclosing information on intellectual capital. In our study we have decided to investigate the concept, the measurement models and the intellectual capital disclosure practices using as the source of our documentation books, articles, working papers and online publications. So, in the first part of our research we have presented several points of view in respect to the concept of knowledge assets or intellectual capital and in the second part we have reviewed the literature on the topic highlightening several scholars opinion on reporting and disclosure issues.

INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL INTERVENING

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Nisa Ayu Castrena Dewi

2017-03-01

Full Text Available Company competition ability was not only in the assets ownership but also in the innovation, informationsystem, organization management and resources, including the importance of knowledge assets in the company.One of the approaches used in assessment and measuring of knowledge assets was Intellectual Capital(IC which used model namely Value Added Intellectual Coefficient (VAICTM and also used per IC componentnamely Value Added Capital Employed (VACA, Value Added Human Capital (VAHU and StructuralCapital Value Added (STVA. This research aimed to investigate the intellectual effect toward firm value withreturn on assets as the intervening variable. The samples of this research were pharmacy companies listed inBEI. The samples were selected by using purposive sampling method and there were 24 observation data. Thehypotheses of this research used path analysis, simple linear regression and double linear regression. Theresult of this research showed that IC had a positive significant effect toward Return on Assets as. IC did nothave a direct effect toward firm value. It influenced indirectly toward firm value with Return on Assets as theintervening variable, simultaneously or partially. VACA, VAHU and STVA did not have an effect towardReturn on Assets of a firm simultaneously or partially. VACA, VAHU and STVA did not have an effect onfirm value.

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN PUBLIK DI INDONESIA (Studi Empiris Pada Perusahaan Manufaktur di BEI 2012-2014

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Dianing Ratna Wijayani

2017-05-01

Full Text Available The purpose of this research was to examine the effect of intellectual capital on Return On Assets, Earning Per Share and Return On Equity. The population of this research is manufacturing companies listed on the Stock Exchange the period 20122014, a total sample of companies amounted to 51 samples were taken by using purposive sampling method. The method of analysis in this research is multiple linear regression analysis. The results of this study indicate that intellectual capital significant positive effect on ROA. This condition occurs because if the human resource capacity the better, it is expected to produce profitability Return on Assets increased. Intellectual capital is significant positive effect on EPS. This condition occurs because when intellectual capital is getting better, the public trust in the company, the better, so that the products or services offered by the company is accepted by the community and increasing revenue. Intellectual capital is significant positive effect on ROE. This condition occurs because the intellectual capital increases, the company has been using its capital more effectively to improve human resources, so that the performance of employees to generate increasing profits.

The Relationship Between the Intellectual Capital Disclosure and Cost of Debt Capital – A Case of Slovenian Private Audited Organisations

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Stropnik Neca

2017-12-01

Full Text Available The existing empirical research into the association between intellectual capital disclosures by organisations and the cost of debt is scarce or is based solely on the samples of the (large listed organisations. Since agency issues between management/owners and lenders exist also in (large private organisations whose financing is greatly dependent on loans and whose audited annual reports can be a source of additional information for external users, we performed an empirical research to find the answer to the question whether the level of intellectual capital disclosure (as a whole and of its sub-categories of organisations is associated with the cost of their debt capital. Our study was performed on a sample of private Slovenian organisations with audited annual reports. The results of our research did not reveal that lenders would take into account intellectual capital disclosures by Slovenian private audited organisations as the information about the potential for their future cash flows when deciding on the cost of debt issued to these organisations.

Intellectual capital in the Slovenian hotel industry before and after entry into the EU

OpenAIRE

Nemec Rudež, Helena

2007-01-01

The intellectual capital in the Slovenian hotel industry has been improved in the past few years what is extremely desirable and necessary since today the Slovenian hotel industry is facing increased competition in the enlarged European single market. The paper presents an empirical analysis of the development of intellectual capital in the hotel industry in Slovenia between 2003 and 2006. In this period of time Slovenia entered the European Union (EU). The results show progress of intellectu...

The Moderation Role of the Audit Committee Quality on the Effect of the Ownership Structure on Intellectual Capital Disclosures

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Desi Alifia

2018-03-01

Full Text Available Intellectual capital is an intangible asset which is able to increase company’s value. Intellectual capital inherent to skill, knowledge and experience that can create competitive advantage for company. The purposes of this study are to analyze the effect of ownership structure (managerial ownership, institutional ownership, government ownership, foreign ownership with the quality of audit committee as moderating variable on intellectual capital. The population of this study is financial companies listed in Indonesia Stock Exchange from 2013 until 2015. Samples are selected using purposive sampling method, and obtained 165 units as observations. Data was collected by documentation, and the analysis data is  moderated regression analysis. The study found that managerial ownership has negative effect on intellectual capital disclosure. Government ownership and foreign ownership has positive effect on intellectual capital disclosure, and institutional ownership has not been proven to effect on intellectual capital disclosure. Then, the study also found that the quality of audit committee has significant effect as a moderating variable on the influence of institutional ownership, but it has not been proven to have a moderating effect on the influence of managerial ownership, government ownership and foreign ownership intellectual capital disclosure. The recommendation for further study is to use another technique such as questionnaires that is directly given to company for discovering the level of company’s intellectual capital disclosure. For the company, the limitation of managerial ownership can be used as a control to the company disclosure practice, and improve the role of audit committee to maximize disclosure practice in the company.

Measuring Strategic Value-Drivers for Managing Intellectual Capital

Science.gov (United States)

Bose, S.; Oh, K. B.

2004-01-01

In an evolving business environment characterised by globalisation and a challenging competitive paradigm, it is imperative for strategic management processes to focus on the financial perspectives of value and risk in intellectual capital to create sustainability in long-term value. This paper presents the key issues pertaining to the strategic…

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI INTELLECTUAL CAPITAL DISCLOSURE(ICD

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Thresya Stephani

2011-05-01

Full Text Available Increased attention regarding intellectual capital as a dominant factor in the growingcompetitiveness and strength of a firm has encouraged the organizations to disclose theirintellectual capital. This study aims to analyze the factors that affect the disclosure of intellectualcapital, namely firm size, firm age, leverage, profitability, and type of auditor in a firm. Thesamples used were secondary data from the Indonesia Stock Exchange (IDX Annual Report ofmanufacturing companies listed on the Stock Exchange in 2008-2010. Samples were taken witha purposive sampling method, and who meet the criteria for sample selection. This study usesMultiple Linear Regression Analysis, with t statistics test the hypothesis testing and statistical testF. The results showed that firm size, leverage, and type of auditor affect the intellectual capitaldisclosure(ICD. However, firm age and profitability has no effect on ICD

THE ROLE OF INTELLECTUAL CAPITAL IN KNOWLEDGE - BASED SOCIETY

OpenAIRE

Denisa-Elena Parpandel

2013-01-01

In a knowledge - based society, organizations undergo permanent changes and transformations, and the key factor of such changes is intellectual capital regarded as one of the most critical, yet most strategic values an organization might own. Analyzing intelectual capital and knowledge society over the last decades has primarily emerged in private companies, whereas at present there is an increasing concern in all the fields of activity. The goal of this paper is to emphasize the im...

Management and Communication of the Companies' Knowledge; Guidelines for Intellectual Capital Statement

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Justyna Fijalkowska

2008-04-01

Full Text Available This paper aims at analyzing the development of guidelines on Intellectual Capital Statement, providing a comparison of them and presenting their importance within the knowledge management process of the today's companies. We entered the Knowledge Era in which the basic economic resources are no longer financial capital, physical resources, or labor, but knowledge, called also intellectual capital (IC. Many analysts and investors demand for more information and they highlight the gap that exists between the information found in companies' annual reports and the financial information regarding intangible part of the company requested by the market. Knowledge of the company should be measured and the effects should be communicated, as measurement without any further action has no sense. Intellectual capital statement seems an appropriate tool for that and becomes an integral part of the knowledge management of the modern enterprise. This kind of statement emphasizes the role of IC in relation to the value creation and communicates how knowledge resources are managed in the firms within a strategic objectives. This paper compares different approaches to IC statement preparation: underlines similarities and differences concerning the scope, methodology and terminology used and ensuing consequences. It raises significant implications for managers of the companies, researches and policy makers.

Management, marketing concept and intellectual capital

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Mihajlović Dragan

2009-01-01

Full Text Available The aim of this work describes the strong influence the development of the management theory to the complex nature of modern marketing concept and intellectual capital. Often, in the contemporary conversation we hear the word organizational behavior that is closely related to the concept of modern business philosophy and importance of human capital. Sudden development of human thought in the beginning of the twentieth century has a great impact on all areas of social life, and specially on the promotion of all areas of business and the impact of the application of marketing, its development and implementation as a basis for achieving global competitiveness. Changes caused by the development of management in the business have led to the interactive relationship between organizations and consumers, but also to the development of relations within the organization between employees. .

The relationship between intellectual capital quality and corporate performance: An empirical study of Russian and European companies

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Shakina Elena

2012-01-01

Full Text Available The purpose of this research is to develop cost-effectiveness tools for the analysis of company’s intellectual resources, in terms of resource-based and value-based approaches. Our study focuses on the evaluation of intellectual capital methods to discover the drivers of company growth. We suppose that the potential effectiveness of intellectual capital resources varies according to different institutional factors. Several statistical methods will be used for the empirical issues in this research, including common cross-sectional and panel data analysis, and the instrumental variables method. The database collected for this purpose will consist of financial and economic indicators underlying the intellectual capital evaluation, such as strategic performance indicators (EVA© and FGV©. The dataset includes companies from different countries and industries according to the Knowledge Economy Index of the World Bank. The industries presented in the dataset are selected according to the predominance of several intellectual capital elements. The database includes financial services, wholesale and retail trade, machinery and equipment manufacture, the chemical industry, and transport and communications. As a result of the empirical research, we expect to answer the following questions: • Is there a close relationship between intellectual capital quality and company performance? • What are the external and internal factors affecting this relationship? (country, industry, company size, market dynamics, etc.

Discourses of transparency in the Intellectual Capital reporting debate

DEFF Research Database (Denmark)

Nielsen, Christian; Madsen, Mona Toft

debate, we identify a movement from generic reporting models to frameworks based on management defined information. The latter discourse argues that transparency is a question of providing fewer, more structured disclosures as well as focusing on illustrating flows, e.g. of intellectual capital and value...

INTELLECTUAL CAPITAL DAN KINERJA KEUANGAN PERBANKAN (PENDEKATAN DINAMIS PADA PANEL DATA

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Ghozali Maski

2017-03-01

Full Text Available The performance of economic entities had been a research matter even in the ancient world. The genius humanhad been recognized as a vehicle for certain valuable capabilities and as the critic of transforming processes.But it had not been considered as an intellectual capitalizator or intellectual asset. The field for intellectualcapital and the related philosophy of knowledge management had risen recently to an interesting researchobject world wide. Value Added Intellectual Coefficient (VAIC™ method and Rate of Growth IntellectualCapital (ROGIC were applied in order to analyze the dynamic effect of Indonesia commercial banks for thefinancial period 2005 quarter 1 until 2008 quarter 4. It focused on banking financial performance both forcurrent period and the future. The research method was quantitative analysis and the sample were 22 banks byusing purposive sampling method. The method of estimation was dynamic model on panel data.The result ofthe study was all banks had relatively smaller capital employed efficiency than human and structural efficiencies.The long term effect had greater impact for return on asset and solvency ratio compared to the short termone. Average response time required for adjustment of return on asset was faster then solvency ratio.

Asian and western Intellectual Capital in encounter

OpenAIRE

Boom, van den, Marien; Andriessen, Daan

2007-01-01

The purpose of the paper is to start a dialogue about differences between Western and Eastern cultures in the way they conceptualize knowledge and discuss the implications of these differences for a global intellectual capital (IC) theory and practice. A systematic metaphor analysis of the concept of knowledge and IC is used to identify common Western conceptualizations of knowledge in IC literature. A review of philosophical and religious literature was done to identify knowledge conceptuali...

Enhance hospital performance from intellectual capital to business intelligence.

Science.gov (United States)

Karami, Mahtab; Fatehi, Mansoor; Torabi, Mashallah; Langarizadeh, Mostafa; Rahimi, Azin; Safdari, Reza

2013-01-01

Business intelligence (BI) refers to technologies, tools, and practices for collecting, integrating, analyzing, and presenting large volumes of information to enable better decision making. The aim of this study is to provide a general overview of BI and its impacts on improving hospital performance. In this paper, literature is reviewed on the concept, classification, and structure of intellectual capital and BI. Research on the building of BI and its impact on the performance of hospitals are briefly summarized. Some areas in healthcare which can utilize BI benefits, including radiology, are also discussed. Used properly, BI is an effective communication tool that can enable hospitals to reach strategic goals and objectives and can also help eliminate information asymmetry.

Comparison and Association of Intellectual Capital: An Investigation and Measurement of the Value of Intellectual Capital Assets and Their Contribution to Stakeholder Perception within the Framework of Higher Education

Science.gov (United States)

Helm Stevens, Roxanne

2011-01-01

PROBLEM: Many of the preliminary approaches to strategic management of intellectual capital or knowledge assets have not been attempted in the not-for-profit arena. Additionally, because there is no marketplace value for not-for-profit firms or a valuation system for intangible assets, the identification and measurement necessary for efficient and…

PENGARUH MEKANISME CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN INTELLECTUAL CAPITAL: PADA PERUSAHAAN IC INTENSIVE

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Dista Amalia Arifah

2012-12-01

Full Text Available Intangible asset proxied by Intellectual Capital has important role to drive companies values creation. Although many companies have applied corporate governance mechanism in order to have IC disclosure recognition, most of them do not focus on Intellectual Capital disclosure yet. The aim of this study is to analyze the influence of corporate governance mechanisms consisting of size of the board commissioners, the independence level of independent commissioner, the activities of independent commissioners, and audit committee on the intellectual capital disclosures of the companies listed in BEI in 2009 using intensive ICs category with the adding of kontrol variables. This study will provide an illustration on how the mechanisms of corporate governance practices and IC disclosure become a value creation source for the company. There are a total of 176 companies categorized as IC intensive. Using a purposive sampling method, 45 companies were selected as samples. The 2009 annual reports of the companies are used as secondary data source of this research. Furthermore, to get ICs disclosure data content analysis technique was used both for quantity and quality terms. The results indicate that audit committee is the only corporate governance mechanism that significantly affects the level of IC disclosures.

Social capital through workplace connections: opportunities for workers with intellectual disabilities.

Science.gov (United States)

Hall, Allison Cohen; Kramer, John

2009-01-01

Using qualitative methods, this study examined the experiences of individuals with intellectual disabilities (IDs) in sheltered workshops and compared them to those in community employment. In particular, the study investigated how employment affects opportunities for the creation of social capital. Primary respondents were individuals with ID and secondary respondents were family members and employment services staff. Findings revealed that a form of social capital was created through workplace connections. Community employment did not increase social capital per se, but it did produce opportunities not available in the workshop. The role of family members emerged as critical in the support of community employment and its potential for social capital development.

Technology management of intellectual capital in the organization.

OpenAIRE

Бех, Юлія Володимирівна

2014-01-01

The article defined the totality of organizational tools methodological knowledge management, consisting of technologies, systems and methods. Revealed knowledge management software, formal and informal tools of intellectual capital management organization. By formal tools include expert control systems, artificial intelligence, automated decision-making systems, decision support systems and support systems work with clients. Informal tools (training, cross-functional project teams and intra)...

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN RETAIL YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI PADA TAHUN 2009 – 2011

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Nono Supriatna

2013-04-01

Full Text Available The research aims to examine the influence of intellectual capital to company’s financial performance (profitability, productivity, and market valuation. Profitability measured by Return On Asset (ROA, productiviy measured by Asset Turn Over (ATO, and market valuation measured by Market to Book Value (MB. Independent variabel used in this research is intellectual capital which measured by VAIC™, while dependent variable are ROA, ATO, and MB. In this research, the authors used a quantitative verificative. Data obtainable from retail company listed in Indonesia Stock Exchange (IDX year period 2009-2011. The samples in this research using the method of purposive. Based on sampling criteria the final sample in this research is 7 retail companies. This research use simple linear regression for data analysis. From the research that has been done shows that intellectual capital has positive influence to profitability, intellectual capital has negative influence to productivity, and intellectual capital has no effect to market valuation.

The traditional knowledge and the intellectual property

International Nuclear Information System (INIS)

Calle Vasquez, Rosangela

1999-01-01

This article seeks to describe the state of the art in the international context of the traditional knowledge, its content, its recognition, and its valuation. The prosperous results of the biotechnical industry in the scientific and commercial field, has had a great impact in the valuation of the intellectual property, in the context of the globalization of the market. Traditionally the ancestral knowledge of the ethnic communities in the relative thing to the appropriation of the nature for their survival, it has not been considered neither valued in the same terms that the scientific knowledge and therefore, neither it has been analyzed as intellectual property, just as the western right it has structured this special form of property. The convention of the biodiversity, put in undoubtedly the traditional knowledge should be protected and valued, for this reason starting from 1992, the commercial agreements consecrate and they recognize this theme

Nursing to achieve organizational performance: Consider the role of nursing intellectual capital.

Science.gov (United States)

Harris, Alexandra

2016-05-01

The success and performance of healthcare organizations relies on the strategic management of knowledge. Nursing Intellectual Capital (NIC) has emerged as a concept involving nursing knowledge resources that create value in healthcare organizations. This article aims to discuss the importance of considering knowledge resources in the context of healthcare performance, with specific reference to NIC. Reflections are then provided on how leaders can look to advance NIC for improved performance. © 2016 The Canadian College of Health Leaders.

EFFECT OF INTELLECTUAL CAPITAL, CAPITAL STRUCTURE AND MANAGERIAL OWNERSHIP TOWARD FIRM VALUE OF MANUFACTURING SECTOR COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX PERIOD 2010-2014

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Hamidah Hamidah

2015-09-01

Full Text Available The purpose of this study is to know the effect of Intellectual Capital, Capital Structure and Managerial Ownership on Firm Value in Manufacturing Company Listed on Indonesia Stock Exchange in 2010-2014. In this research, intellectual capital can be seen from VACA (Value Added Capital Employed, VAHU (Value Added Human Capital, and STVA (Structural Capital Value Added. The research model in this study employs panel data analysis. The samples are manufacturing companies listed in Indonesian Stock Exchange in 2010-2014 selected by purposive sampling. The result show that VACA and STVA has negative and not significant effect on firm value (Tobins’Q. Whereas, VAHU have positive and not significant effect on firm value. Capital structure (DAR have positive and significant effect on firm value. Managerial ownership (MGRL have negative and significant effect on firm value.

Intellectual Capital Approach to Modern Management through the Perspective of a Company’s Value Added

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Simona Survilaitė

2015-03-01

Full Text Available The importance of value creation in small and medium-sized business companies has always been in focus. The changing environment makes a strong impact on all companies all over the world. Nowadays, the value added, which is created by the company, not only depends on tangible but also on intangible assets. It is not enough just to manage internal resources to be efficient or generate high value added. Knowledge and information as an important tool for the management of the external environment have become a new factor of a company. Since elements of the intellectual capital system are intangible and hardly measurable in company’s value added, this paper aims to create a model for the analysis of the creation of a company’s value added through intellectual capital. Subsequent to the review of literature on value creation and management, the authors proposed a model for value creation through intermediate, which presented three main elements of value added creation.

THE EFFECT OF MULTINATIONAL UNDERWRITING FIRMS ON INTELLECTUAL CAPITAL DISCLOCURE IN INDONESIAN IPO PROSPECTUSES

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Dezie L. Warganegara

2017-03-01

Full Text Available The objective of this study was to investigate the effects of multinational underwriters on intellectual capitaldisclosure in Indonesian IPO prospectuses. Intellectual capital disclosure practices were driven by the adviceof underwriters. Multinational underwriters had a greater capacity to produce more relevant information so itreduced the information gap for IPO market participants. The information included IC disclosure practices inIPO prospectuses. This study found that the nationality of underwriting firms positively affected the extent ofintellectual capital disclosure in Indonesian IPO prospectuses. Exposure to IPOs in other countries and theability to combine dispersed knowledge across their international branches seemed to have a positive effect onmulti-national underwriting firms in as much as it led to a higher standard of disclosure of intellectual capitalthan that of local underwriting firms.

Ideas and things: understanding the dynamic dimension of intellectual capital

NARCIS (Netherlands)

Christiaan Stam

2010-01-01

In today’s intellectual capital literature, we see a shift from identifying intangibles towards understanding the dynamics of value creation. As it is not clear what “dynamic” stands for, the aim of this explorative and conceptual paper is to contribute to a better understanding of the dynamic

Intellectual capital performance and cash-based incentive payments for executive directors: Impact of remuneration committee and corporate governance features

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J-L. W. Mitchell Van der Zahn

2005-11-01

Full Text Available We use a sample of 964 executive directors representing 354 Singapore publicly listed firms to examine linkage between firm performance and cash-based bonus payments. As a pooled OLS regression model may hide different models that characterize subsets of observations we use latent class analysis to further examine the data and to identify more specifically the influence of corporate governance features. Our latent class analysis results indicate that remuneration committees with members having their interests better aligned with shareholders (such as presence of a significant owner appear more likely to consider the incremental value of tying executive director compensation to intellectual capital performance. Remuneration committees with a lower risk of influence from managerial power were also found to be more likely to support a compensation linkage for executive directors to intellectual capital performance. The influence of the remuneration committee features is evident for both entrepreneurial and traditional firms. Overall, our findings are consistent with both the optimal-contract pricing and managerial power views of executive compensation setting.

Leveraging Intellectual Capital: Visionary "Knowledge Management" by the School Business Administrator.

Science.gov (United States)

Armstrong, William I.

2002-01-01

Describes how school business officials can identify, locate, and collaborate with those individuals both inside and outside the school system who possess the necessary intellectual capital to contribute to the long-term improvement of students, staff, and the community. (PKP)

Organizational intellectual capital and the role of the nurse manager: A proposed conceptual model.

Science.gov (United States)

Gilbert, Jason H; Von Ah, Diane; Broome, Marion E

Nurse managers must leverage both the human capital and social capital of the teams they lead in order to produce quality outcomes. Little is known about the relationship between human capital and social capital and how these concepts may work together to produce organizational outcomes through leadership of nurses. The purpose of this article was to explore the concepts of human capital and social capital as they relate to nursing leadership in health care organizations. Specific aims included (a) to synthesize the literature related to human capital and social capital in leadership, (b) to refine the conceptual definitions of human capital and social capital with associated conceptual antecedents and consequences, and (c) to propose a synthesized conceptual model guiding further empirical research of social capital and human capital in nursing leadership. A systematic integrative review of leadership literature using criteria informed by Whittemore and Knafl (2005) was completed. CINAHL Plus with Full Text, Academic Search Premier, Business Source Premier, Health Business FullTEXT, MEDLINE, and PsychINFO databases were searched for the years 1995 to 2016 using terms "human capital," "social capital," and "management." Analysis of conceptual definitions, theoretical and conceptual models, antecedents and consequences, propositions or hypotheses, and empirical support for 37 articles fitting review criteria resulted in the synthesis of the proposed Gilbert Conceptual Model of Organizational Intellectual Capital. The Gilbert Conceptual Model of Organizational Intellectual Capital advances the propositions of human capital theory and social capital theory and is the first model to conceptualize the direct and moderating effects that nurse leaders have on the human capital and social capital of the teams they lead. This model provides a framework for further empirical study and may have implications for practice, organizational policy, and education related to nursing

Retaining Intellectual Capital in U.S. Organizations: An Exploratory Study

Science.gov (United States)

Taylor, Bobby

2017-01-01

Intellectual capital (IC) is a vital to the functionality of information technology (IT) businesses. Many companies recognize that enhancing and maintaining IC is critical to sustainability. The problem is that Fortune 500 IT businesses lack human resources in the United States needed for innovative development, resulting in an overreliance on…

Intellectual Capital management model in energetical world. The case of Union Fenosa; La gestion del capital intelectual en un grupo energetico. El caso de Union Fenosa

Energy Technology Data Exchange (ETDEWEB)

Fernandez Izard, J. A.

2005-07-01

The energy, services and technology group, Union Fenosa has grown during recent year staking advantage of knowledge acquired in its own transformation process. In which appropriate intangible management has played a major role. In 1999, a project was started in order to elaborate an intellectual Capital management model elaborate an intellectual Capital management model based on three capitals, human, structural and relational. Following 5 years of experience, the model has proved itself as a powerful communication and management tool to transmit to analysts, market and employees the value of intangible within the Group. (Author)

Disentangling the Effects of Corporate Disclosure on the Cost of Equity Capital: A Study of the Role of Intellectual Capital Disclosure

OpenAIRE

Mangena, M.; Li, J.; Tauringana, Venancio

2016-01-01

In this article, we investigate whether intellectual capital (IC) and financial disclosures jointly affect the firm’s cost of equity capital. In contrast to prior research, we disaggregate disclosures into IC and financial disclosures and examine whether the two disclosure types are jointly related to the cost of equity capital. We also investigate whether IC and financial disclosures have an interaction effect on the cost of equity capital. Using data for a sample of 125 U.K. firms, we find ...

On the metaphorical nature of intellectual capital: A textual analysis

NARCIS (Netherlands)

Dr. Daan Andriessen

2005-01-01

Metaphors are at the basis of our understanding of reality. Using the theory of metaphor developed by Lakoff and Johnson (1980, 1999) this paper analyses common metaphors used in the intellectual capital and knowledge management literatures. An analysis of key works by Davenport & Prusak (2000),

The management of human capital in the framework of the theory of intellectual capital, a guide to indicators; La Gestion del capital humano en el Marco de la Teoria del Capital Intelectual. Una guia de indicadores

Energy Technology Data Exchange (ETDEWEB)

Tejiero Alvarez, M. M.; Garcia Alvarez, M. T.; Mariz Perez, R. M.

2010-07-01

The study of the Intellectual Capital has a great importance in the last decade. In this context, Human Capital is established as a key variable to obtain sustainable competitive advantages in enterprises management. In this paper, we make a revision about the importance of Human Capital in the companies and we propose various indicators which allow to manage this concept. The objective is that the directives can choose the most suitable indicators in function of the characteristics of their enterprises, their management objectives and their strategies. (Author) 43 refs.

A Synthetic Indicator of a Company's Level of Intellectual Capital as a Hidden Value

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Przemysław Dominiak

2016-01-01

Full Text Available The authors of the paper analyzed 21 common methods of measuring a company's intellectual capital, finding that none of them meet all 6 demands that a model indicator should satisfy. As a result, a new method was developed, which meets the conditions for a model indicator. Using the chosen expert method, a synthetic indicator of a company's level of intellectual capital (WPKI has been determined. The authors of the paper determine the WPKI indicator for public construction companies using the algorithm defining a hidden value. (original abstract

Corporate Governance and Intellectual Capital: Evidence from Public and Private Universities

Science.gov (United States)

Wahid, Akma Hidayu Dol Abdu; Abu, Nor Asyiqin; Latif, Wannoraini Abdul; Smith, Malcolm

2013-01-01

This study was conducted to examine the perception of academics towards intellectual capital (IC) and governance practice at two Malaysian universities: University A (a Public University) and University B (a Private University). It also examines the factors which contribute to the retention of qualified academics and the relationship between…

The effect of intellectual capital on organizational commitment: A case study of the ministry of economic affairs and finance of Kermanshah province

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Shirzad Zeinoddini

2015-09-01

Full Text Available This study was an attempt to investigate the effect of intellectual capital on organizational commitment of the staff of the Ministry of Economic Affairs and Finance of Kermanshah province, Iran. The statistical population of the Ministry of Economic Affairs and Finance of Kermanshah was 140 people. Using Morgan Table, a sample of 103 personnel was randomly selected from the population. For gathering data, two researcher-made questionnaires of intellectual capital and organizational commitment were used. The validity of the questionnaires was proved by the favorable opinion of the advisor of the research, and the reliability of the questionnaires was tested using Cronbach’s alpha (α. The estimated values of alpha for the questionnaires of intellectual capital and organizational commitment were 0.969 and 0.935, respectively which clearly demonstrated the reliability of the questionnaires. Also the data were analyzed using statistical software of SPSS 15.0 and LISREL. The results of the study demonstrated that there was a significant and positive relationship between intellectual capital and its components (i.e., human capital, structural capital, and customer capital and organizational commitment.

The Agrupation-Cluster of Knowledge. The intellectual capital of Vasque Country

International Nuclear Information System (INIS)

Panera Mendieta, F.; Luengo Valderrey, M. J.; Perianez Canadillas, I.; Panda Garcia, J.

2007-01-01

This paper seeks to identify the influence of the activities of the Agrupacion-Cluster de Conocimiento in the improvement of the Intellectual Capital of its partners, especially of their Relational Capital through the generation of inter-organizational spaces for our organizations in the Basque Country. The transmission of this knowledge requires the physical proximity of the people between whom the exchange can to be made. This exchange is facilitated when spaces are created with an atmosphere of total confidence and equality, in which one can express in complete liberty. (Author)

Financial effect of quality management system on intellectual capital : an analysis application on firms that quoted to construction and public works sector in Istanbul stock exchange

OpenAIRE

Turgut, Osman; Gumus, Fatih Burak

2015-01-01

Today in the finance literature, structural capital is one of the three elements of intellectual capital and the Quality Management System is defined in the structural capital. In this study the impact levels of Quality Management System on the intellectual capital of the companies are analyzed. In this context, 10 companies which are quoted as date 09.14.2014 in the Istanbul Stock Exchange “construction & public works” sector are analyzed. As a result, the inference that investors of the com...

Corporate governance, intellectual capital and performance: Evidence from the public sector in the GCC

OpenAIRE

Udo Braendle; Assaad Farah; Patrick Balian

2017-01-01

This unique study tries to link corporate governance, intellectual capital and organizational performance in the public sector in the Gulf Cooperation Council (GCC). To do so we collected data from 371 managers in public entities within the GCC region. Our findings indicate the importance of corporate governance (in form of human, social and structural capital) to enhance performance in the public sector. Not only have those, results showed that the examined forms of capital are interrelated....

Does Intellectual Capital Disclosure Matter for Audit Risk? Evidence from the UK and Italy

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Chiara Demartini

2016-08-01

Full Text Available Disclosure theory argues that better information quality reduces audit risk, by decreasing information asymmetry in the market and consequently, information risk for firms. Extant literature on voluntary disclosure analyzes the relationships between Corporate Social Responsibility (CSR and audit risk, finding that auditors charge lower fees and issue less going concern opinions to firms with good CSR performance. In this study, we test the relationship between intellectual capital disclosure (ICD and audit risk and we assess the effect of ICD and audit risk on audit fees. To do so, we use data from the ESG Asset4 database (Thomson Reuters Datastream on 166 UK and 27 Italian listed firms that issue stand-alone social and intellectual capital statements. The audit risk is measured from both a qualitative and a quantitative perspective. Panel data analysis on 2004–2011 years has been used to test our research hypotheses. Empirical findings from a sample of UK and Italian listed companies show that auditors estimate a lower qualitative risk, albeit a higher quantitative one, for those companies reporting higher ICD scores, compared to those ones with lower disclosure scores on the intellectual capital. Furthermore, we find that reputation risk contributes to the relationship between ICD and audit risk.

Application complementarity of the knowledge management and internal marketing concepts in the aim of increasing enterprise's intellectual capital

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Krstić Bojan

2012-01-01

Full Text Available Enterprise competitiveness in the era of knowledge economy is most directly connected to human and other intellectual resources. Managers and other employees become vital resource in the 21st century, and their knowledge is the key of creating and delivering superior value to the customers. Nowadays, they are one of the most important segments of assets without which enterprise cannot exist. Crucial question for management is how to enlarge other knowledge resources based on human resources knowledge, that is, their economically- relevant form - intellectual capital. Initial hypothesis of this paper is that, internal marketing, which has enterprise's employees in the focus, can create adequate basis for specializing and enlarging knowledge resources - intellectual resources or intellectual capital as a key factor of competitiveness in the era of knowledge economy. Knowledge management is observed as a segment of intellectual capital management process within an enterprise, with aim to direct the efficient usage of all kinds of knowledge (individual, group-team, organizational in order to create new business opportunities and successful commercialisations of products/services. The aim of this paper is to indicate that complementary application of the concept of internal marketing and the concept of knowledge management may result in synergetic effect of enlargement and specialisation of the knowledge resources - intellectual capital. In the paper we use methods of scientific observation, testing and connecting, as well as methods of analysis and synthesis. The purpose of obtained results application and conclusions from this research is to show to the enterprise management the importance of simultaneous effective application of internal marketing concept and knowledge transfer through processes and practices of knowledge management.

Management level of Intellectual Capital in the Palestinian Universities from the Perspective of Faculty Members in Relationship to the Aspects of Excellence

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Mahmoud A.R. Assaf

2017-11-01

Full Text Available The study aimed to identify the degree of assessment given by faculty members of the Palestinian universities about their efforts in managing the intellectual capital, and to identify the aspects of excellence mostly preferred by them and the relationship between these aspects. To achieve the objectives of the study, the researcher followed the descriptive method by applying two questionnaires: the first consisting of (37 items; and the second comprising (28 items distributed to (4 areas. The sample consisted of (229 faculty members from these universities: (Al-Azhar, the Islamic university and al-Aqsa. They were selected using the random stratified method. The results were as follows: The respondents’ total degree of assessment of the efforts exerted by the universities in intellectual capital was at the rate of (63.8%, which is a medium degree. The area of (management of relations came in first place at a rate of (71.2% with a large degree. The ‘management of intellectual and organizational assets’ was given the last rank with a medium degree and the rate of (56.80% The aspect of excellence that was given the first rank by the respondents was the (development of faculty members and teaching at the rate of (65.2 % , and with a medium degree. The least trend is (supporting talent and creativity which came in the last rank, with a medium degree and a rate of (59.4%. There was a statistically significant correlation of (α≤0.05 between the degree of respondents’ assessment of university efforts in managing intellectual capital and their assessment of the aspects of excellence, recording a correlation coefficient of (0.737 .  Keywords: Aspects of excellence, Intellectual capital, Efforts of Palestinian Universities.

THE EFFECT OF INTELLECTUAL CAPITAL AND ISLAMICITY PERFORMANCE INDEX TO THE PERFORMANCE OF ISLAMIC BANK IN INDONESIA 2010-2014 PERIODS

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Pandu Dewanata

2016-09-01

Full Text Available The purpose of this research is to know the influence of intellectual capital and islamicity performance index by proxy is profit-sharing ratio, zakat performance ratio, and equitable distribution ratio on performance of Islamic bank in Indonesia in the period 2010-2014. The data used in this research is financial statement of 11 Islamic bank in Indonesia 2010-2014 periods. Regression model using panel data with Fixed Effect Model. The result of this research is intellectual capital and zakat performance ratio has significant and positif impact on ROA, while equitable distribution ratio has not significant impact on ROA, and profit sharing ratio has significant and positif impact on ROA.

Intellectual Capital: A Focus on Human Capital Reporting Practices of Top Malaysian Listed Companies

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Norhayati Mat Husin

2011-04-01

Full Text Available This paper aims to examine the extent of human capital (HC reporting among top Malaysian companies and introduce an HC reporting guideline that can be used by Malaysian companies and regulator. It begins by developing the HC framework based on previous intellectual capital (IC frameworks. This framework is then used to examine each of the top 100 Malaysian companies listed on the Bursa Malaysia in year 2008. Using the content analysis method, it reviews the annual reports of these companies to determine the extent of HC reporting. The findings of this paper highlight the need for the development of IC framework particularly on HC. HC differences were also identified between Malaysia and other countries such as Sri Lanka and Australia, and it is argued that these differences can be attributed to the social, economic, and political factors.

CULTURAL CAPITAL AS TOURISM DEVELOPMENT BASIS IN TRADITIONAL VILLAGE OF KUTA

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Ketut Sumadi

2012-11-01

Full Text Available Tourism is a favourite sector in improving Bali revenue and kind of tourismdeveloped is cultural one. In cultural tourism, it takes place meaning modification ofcultural practice by krama (member of traditional village in order to cultural capitalcan survive in the middle of tourism dynamic condition. This research entitled“Cultural capital as tourism development basis in traditional village of Kuta”, byproposing three problems, namely how is the process of cultural capital as tourismdevelopment basis, what factors can motivate tourism capital as tourism developmentbasis, and what is the meaning of cultural capital as tourism development basis.The research is conducted using qualitative method and cultural studiesapproach, so data analysis is conducted in descriptive qualitative and interpretativeones. Selection of traditional village of Kuta as research location based onconsideration that traditional village of Kuta having integrated tourism facilities forfacilities addressed to member of traditional village. The review about culturalcapital as the tourism development basis in this traditional village of Kuta, eclecticstheories consisting of Hegemonic theory of Gramsci, co-modification theory of KarlMarx and Adorno, discourse-power/knowledge and truth theory of Foucoult anddeconstruction theory of Derrida.Based on the research output, it can be known: (1 Cultural capital process astourism development basis in traditional village of Kuta is inseparable fromforeigners arrival in traditional village of Kuta, the entrance of Military (TheCooperative Center of Arm Force in managing Kuta beach and the occurrence ofBali bombing tragedy on October 12th, 2002; (2 The factors that motivate culturalcapital as the tourism development basis in traditional village of Kuta, such asmotivation and the necessity of tourists visiting traditional village of Kuta, tourismhegemony, changing of life philosophy of member of traditional village fromidealism into

PENGARUH INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN (STUDI EMPIRIS PERUSAHAAN LQ 45

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Indah Fajarini S.W.

2012-03-01

Full Text Available Tujuan penelitian ini adalah untuk mengetahui pengaruh intelectual capital terhadap kinerja keuangan perusahaan, kinerja keuangan perusahaan masa akan datang dan rata-rata pertumbuhan intelectual capital terhadap kinerja keuangan perusahaan masa akan datang. Penentuan sampel dilakukan secara purposive sampling dan diperoleh sampel sebanyak 18 perusahaan. Hasil penelitian menunjukkan bahwa terdapat pengaruh signifikan antara IC (VAICTM terhadap kinerja keuangan perusahaan, terdapat pengaruh IC (VAICTM terhadap kinerja keuangan masa depan perusahaan dan terdapat pengaruh ROGIC terhadap kinerja keuangan masa depan perusahaan, baik untuk periode ROGIC 2006-2007 terhadap kinerja keuangan 2006 maupun ROGIC 2006-2007 terhadap kinerja keuangan 2007. Abstract The objective of study investigates the effects of intellectual capital to corporate financial performance, financial performance and the growth average of intellectual capital  to the company’s future financial performance. In ditermining the sample,  purposive sampling method is employed and 18 companies are obtained. The results show that there is IC (VAICTM influence to the company’s financial performance, there is influence of IC (VAICTM to the company’s future financial performance and there is ROGIC influence to the company’s future financial performance. Those are for both  the ROGIC period of 2006-2007 to financial performance of  2006 and the ROGIC period of 2006-2007 to the financial performance of 2007.

Oklahoma Aerospace Intellectual Capital/Educational Recommendations: An Inquiry of Oklahoma Aerospace Executives

Science.gov (United States)

Nelson, Erin M.

2010-01-01

Scope and Method of Study: The purpose of this qualitative study was to conduct detailed personal interviews with aerospace industry executives/managers from both the private and military sectors from across Oklahoma to determine their perceptions of intellectual capital needs of the industry. Interviews with industry executives regarding…

Customer relationship management captures intellectual capital for increased competitiveness

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C. R. Van Zyl

2005-12-01

Full Text Available Today, with regards to tangible assets, the corporate playing field has become more or less level with competing organisations producing very similar products and services. The key differentiator for an organisation's offerings now depends upon an organisation's ability to capture and leverage intellectual capital (IC, and especially customer IC. Customers are an invaluable source of two kinds of IC: transactional and innovative. An organisation must implement customer relationship management (CRM initiatives in order to develop and maintain good relationships with customers and in so doing, be able to capture IC. This IC will enable an organisation to be more responsive to new and changing customer needs and preferences and to be better able to customize products and services according to more specific customer profiles: ultimately leading to increased market share, profitability and overall strategic competitiveness. The purpose of this article is to determine how good customer relationships allow for the capture and subsequent leveraging of customer IC for increased competitiveness. In order to fulfill this purpose, the concept of CRM is explored as well as how CRM allows for the capture of both transactional and innovative capital. The strategic benefits of the application of customer IC are then explored, together with an exposition of the CRM implementation challenges facing those organisations that wish to implement a CRM program to capture and leverage customer IC for increased competitiveness. This exploration involved an examination of contemporary literature, theories and business cases and subsequently revealed that CRM is a vital discipline/philosophy that must be implemented by any organisation wishing to achieve greater market efficiency and competitiveness. This competitiveness can only be achieved through the carefully managed unlocking, sharing and leveraging of both transactional and innovative customer intellectual capital.

Integrasi Intellectual Capital dan Knowledge Management serta Dampaknya pada Kinerja Bisnis Perusahaan Farmasi

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Sigit Hermawan

2015-12-01

Full Text Available The purpose of this study was to examine the effect of the integration of Intellectual Capital (IC and Knowledge Management (KM on the performance of the pharmaceutical company’s business in East Java. This study included an explanatory research using finance and accounting manager 44 pharmaceutical companies in East Java as the respondent. The variables used in this study is human capital (HC, structural capital (SC, relational capital (RC, knowledge management (KM enablers, knowledge management (KM process and business performance (BP. The results stated that integration of IC and KM can be done either partially or simultaneously and proven effect on the business performance of pharmaceutical companies in East Java .

Capital Intelectual: Su Valoración en el Contexto Empresarial (Intellectual capital assessment on the entrepreneurial context

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Vernor Mesén Figueroa

2012-12-01

Full Text Available La evolución que la economía mundial ha experimentado durante las últimas décadas ha traído consigo, entre otros hechos importantes, un cambio en el concepto y, por consiguiente, en las metodologías que son utilizadas por los expertos para la determinación del valor de una empresa en marcha. Es así como, hoy en día, el valor de las empresas se fundamenta preponderantemente en la capacidad que sus activos intangibles (dentro de los cuales se destaca el capital intelectual tienen de generar beneficios económicos futuros, esto en contraposición al anterior esquema de valoración de empresas, el cual únicamente tasaba el valor de éstas en función de la productividad de sus activos tangibles. El presente artículo pretende reseñar las metodologías que actualmente son aceptadas y utilizadas para determinar el valor tanto financiero como contable del capital intelectual propiedad de una empresa, estableciendo a su vez, de forma clara, las diferencias importantes que existen entre ambos enfoques. Finalmente, se hacen algunas reflexiones acerca de la importancia que los activos intangibles y, en particular, el capital intelectual tienen tanto en la gestión estratégica y funcional de las empresas como en los procesos de valoración de éstas. Asimismo, se hace énfasis en la necesidad de que los expertos en materia de valoración financiera y contable de las empresas continúen trabajando en la búsqueda de un consenso para estandarizar un criterio que permita reflejar, de forma apropiada, el valor financiero de una empresa a nivel de sus estados financieros de uso general.   ABSTRACT The behavior of world economy on the last few decades has brought on, amongst other issues, a change in the concept and methodologies used by experts to value an ongoing business. Nowadays, a business is valued for the capacity of its intangible assets (specially its intellectual capital, to generate future benefits as opposed to the older view of business

MODEL PENGUKURAN KINERJA INTELLECTUAL CAPITAL DENGAN IB-VAIC DI PERBANKAN SYARIAH

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Ihyaul Ulum

2013-06-01

Full Text Available The aim of this study is to develop a measurement of intellectual capital performance of Indonesian syariah banking by modifying the Pulic’s model that popular with the name of VAIC (value added intellectual coefficient. This study was done by documentation and focus group discussion with some financial accounting experts and public accountants. The result show that the main formula to measure IC performance of syariah banking is not too different with Pulic model, it was: iB-VAIC™ = iB-VACA + IB-VAHU + iB-STVA. The different one is the accounts to develop VA. VA in Pulic model was constructed by total revenue, while in iB-VAIC, VA was constructed from syariah activities.

MtB versus VAIC in measuring intellectual capital: Empirical evidence from Italian listed companies

OpenAIRE

Forte, W.; Matonti, G.; Tucker, J.; Nicolo, G.

2017-01-01

Purpose – Grounded in the extant theoretical and empirical literature, the purpose of this paper is to compare two of the most employed methods measuring IC value in order to find the most suitable in the context of Italian listed firms. Moreover, this paper also investigates the relationship between Intellectual Capital (IC), measured in terms of the Market to Book (MTB) ratio, and the Value Added Intellectual Coefficient (VAIC), and potential key determinants of IC value including intangibl...

The effects of social capital and organizational commitment on the staff’s intellectual contribution in the central building of Shiraz University of Medical Sciences

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Leila Malek Makan

2015-04-01

Full Text Available Introduction: Nowadays human capital is the main asset in organizations. Thus, the employees’ intellectual involvement is a key factor in the success of organizations. Hence organizations should seek for factors that affect and boost the employees’ intellectual involvement. Therefore, the present research aimed at discovering the relationship between organizational commitment and social capital with intellectual involvement among employees of Shiraz University of Medical Sciences. Method: The study population consisted of staff employees at Shiraz University of Medical Sciences. A sample of 224 employees was selected using cluster sampling. Data were collected using three questionnaires including social capital, organizational commitment, and intellectual involvement. Data were analyzed using t-test, ANOVA, and Pearson correlation coefficient. Results: It was found that the level of social capital, organizational commitment, and intellectual involvement was at an average level. There was a significant relationship between intellectual involvement and degree (p<0.01 and marital status (p<0.05. Other demographic variables had no significant relationship with research variables. Moreover, all research variables and their dimensions had a significant relationship with each other (p<0.01. Conclusion: According to the findings, it can be concluded that with improvement in each of the research variables, other variables will improve. For example, as a result of improvement in social capital or organization commitment, intellectual involvement will increase and the organization could use its competitive advantage

Knowledge Management, Innovation and Intellectual Capital for Corporate Value in the United States

DEFF Research Database (Denmark)

Bleoca, Lavinia

2014-01-01

The dynamic capabilities of 74 publicly listed U.S. companies are examined to determine their knowledge management’s effects on shareholder value. R&D practices, patenting and intellectual capital are examined in a cross-sectional and longitudinal analysis to offer insights into the temporal dyna...

Relating Successful Business Models to Intellectual Capital and Knowledge Management Practices

DEFF Research Database (Denmark)

Nielsen, Christian

2018-01-01

management, mediated by intellectual capital, and draws up a schema by which the relationships can be described and discussed. It concludes by synthesizing a future research agenda to further address these relationships and to strengthen our understanding of how they improve the value creation......There are a number of natural links between the fields of business models and knowledge management. The contemporary understanding of business models is that they are concerned with describing and analyzing the methods of value creation and the alternative ways of delivering use value to customers...... that are applied by organizations. Similarly, knowledge management also has intricate connections with mechanisms of value creation, through the structuring and improvement of knowledge processes in a given organization. Ensuring that the right knowledge is present is an important part of any business model...

How to Facilitate Transition to Adulthood? Innovative Solutions from Parents of Young Adults with Profound Intellectual Disability

Science.gov (United States)

Gauthier-Boudreault, Camille; Couture, Mélanie; Gallagher, Frances

2018-01-01

Background: At age 21, access to specialised services for youth with profound intellectual disability is reduced. Few studies have focused on parents' views concerning potential solutions to ease the transition to adulthood, and most existing solutions target young adults with less severe intellectual disability. The aim of this study is to…

Towards a strategic line of intellectual capital development for CNEA (Comision Nacional de Energia Atomica de Argentina)

International Nuclear Information System (INIS)

Lopez, M.P.; Martinez Demarco, S.; Sbaffoni, Monica; Harriague, Santiago

2009-01-01

After an extended stagnation period, during which there was a big staff reduction in the nuclear sector in general and in CNEA in particular, with no new personnel hired, ageing staff and risk of skills and knowledge loss, in 2006 the Argentinean government launched a nuclear power programme based on the necessity of expanding the national energy matrix and taking into account the general concerns about greenhouse effects. The new projects drove to CNEA to the elaboration of a ten year Strategic Plan for CNEA, which includes the activities to be performed during the period 2009-2018. Conceived with wide participation of internal areas, the definition of the strategic plan included objectives, goals, management indicators, and periodical revisions. The Intellectual Capital being a fundamental asset to reach the goals, a chapter on these subject was included, for every knowledge domain. Even if the work is still in progress, partial results and tendencies can be shown. Every area of the organization is working on the analysis of their own strengths and weaknesses in terms of intellectual capital, knowledge loss risk analysis, and definition of future needs in terms of knowledge and skills. Analyzing strengths and weaknesses, there appeared common elements to most of the areas, indicating that besides the use of specific knowledge management, education and training tools, a Strategic Line for Intellectual Capital Development should be quickly implemented, to fill in gaps and protect the current knowledge asset. This presentation summarizes the work done up to now, showing tendencies in the situation, and proposing a strategic line for intellectual capital development, to help solving major staffing problems in CNEA. (author)

Pengaruh Intellectual Capital terhadap Market Value pada Perusahaan Telekomunikasi yang Terdaftar di Bursa Efek Indonesia Tahun 2006-2011

OpenAIRE

Psp, Doni Diwaf; Efni, Yulia; Wijaya, Errin Yani

2014-01-01

This study examined the effect of Intellectual Capital (IC) on financial performance. the variable is the Human Capital Efficiency (HCE), Structural Capital Efficiency (SCE) and Customer Capital Efficiency (CCE) to variable Market to Book Value (MB).The population on this research is the entire of telecommunications sector companies that have go public and listed on the Indonesia Stock Exchange (IDX) during the period of 2006-2011. The sampling technique used was a saturated sampling (census)...

Intellectual Capital configurations and value creation for end-users: towards a conceptual model of HR Shared Services

NARCIS (Netherlands)

Meijerink, Jeroen Gerard; Bondarouk, Tatiana; Looise, Jan C.

2010-01-01

The ways by which intellectual capital (IC) drives value creation is often limitedly understood, particularly in the case of Human Resource Shared Services (HRSS), as its components – human, organizational and social capital – are treated as independent and separate constructs. In this paper, a

Developments in Intellectual Property and Traditional Knowledge Protection

Science.gov (United States)

Anderson, Jane

2009-01-01

In order to protect indigenous/traditional knowledge, intellectual property law must be leveraged in a way that is responsive to the dynamic inter-relationships between law, society and culture. Over the last decade, increased attention to Indigenous concerns has produced a wealth of literature and prompted recognition of the diverse needs of…

The impact of the level of market competition intensity on enterprises activities in area of intellectual capital

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Prusak Rafał

2017-12-01

Full Text Available Market activity for today’s enterprises means continuing work to better understand the needs of their customers to provide them higher level of satisfaction. Building market advantages using a traditional approach based on material resources becoming less and less likely to increase competitiveness over the long term. The ability to use intangible assets, often more difficult to identify and manage, is becoming a key issue. Proper management of intangible assets can provide the company with unique market advantages that are unique, durable, and difficult to imitate. This study attempts to characterize selected dependencies between the nature of the actions undertaken by enterprises in relation to intellectual capital in the context of the strength of the level of competition in the market.

Comparing intellectual and graphical complexities of traditional and image-derived landuse maps

Institute of Scientific and Technical Information of China (English)

STEIN; Alfred

2010-01-01

Remotely sensed images have become a powerful source for landuse mapping.So far,no quantitative comparison and evaluation exist on the differences between an image-derived landuse map and a traditional landuse map.The comparison and evaluation may indicate the possibility for the replacement of a traditional landuse map by an image-derived map.Map complexity is widely used to describe cartographic representations and map effectiveness from intellectual aspect and graphical aspect.This paper quantifies intellectual and graphical map complexities to explore the differences between these two kinds of maps.Intellectual complexity concerns the meaning or significations contained on a map.Graphical complexity concerns spatial characteristics of the graphical content on a map.Results show that the high graphical complexity of the image-derived landuse map is not harmonized with its low intellectual complexity.The intention of this paper is to encourage realistic cognition of the accuracy and problems existing in image-derived landuse maps.

Finding a pareto-optimal solution for multi-region models subject to capital trade and spillover externalities

Energy Technology Data Exchange (ETDEWEB)

Leimbach, Marian [Potsdam-Institut fuer Klimafolgenforschung e.V., Potsdam (Germany); Eisenack, Klaus [Oldenburg Univ. (Germany). Dept. of Economics and Statistics

2008-11-15

In this paper we present an algorithm that deals with trade interactions within a multi-region model. In contrast to traditional approaches this algorithm is able to handle spillover externalities. Technological spillovers are expected to foster the diffusion of new technologies, which helps to lower the cost of climate change mitigation. We focus on technological spillovers which are due to capital trade. The algorithm of finding a pareto-optimal solution in an intertemporal framework is embedded in a decomposed optimization process. The paper analyzes convergence and equilibrium properties of this algorithm. In the final part of the paper, we apply the algorithm to investigate possible impacts of technological spillovers. While benefits of technological spillovers are significant for the capital-importing region, benefits for the capital-exporting region depend on the type of regional disparities and the resulting specialization and terms-of-trade effects. (orig.)

Intangible liabilities: beyond models of intellectual assets

OpenAIRE

García Parra, Mercedes; Simó Guzmán, Pep; Sallán Leyes, José María; Mundet Hiern, Joan

2009-01-01

Purpose – Most models of intellectual capital measurment equal intellectual capital with intellectual assets. Nevertheless, companies sometimes must incur liabilities to make intellectual assets truly actionable. This fact suggests the existence of intangible liabilities. The aim of this paper is to refine the methods of assessment of intellectual capital by refining and extending the concept of intangible liabilities. Design/methodology/approach – The paper consists of a literature revi...

The role of higher education institutions in shaping the intellectual capital in light of marketing innovation

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Lidia Białoń

2013-09-01

Full Text Available The systemic approach implied by marketing innovation requires professional shaping of the intellectual capital. Innovation marketing shall fulfill its role on the basis of 5 i’s principle. Fulfillment of those tasks requires specialists, thoroughly trained in marketing, management and in the theoretical foundations for innovative activity. The higher education institutions are responsible for preparing such specialists. The fundamental problems lie both in constructing adequate curricula and in training the instructors for using them in class. On the one hand, such program should derive from the logic of the processes of innovation; on the other it should draw from the rules of marketing and management. The necessary level and structure of the intellectual capital demands precise adaptation of such programs to consolidated actions within marketing innovation.

Public Knowledge, Private Knowledge: The Intellectual Capital of Entrepreneurs. NBER Working Paper No. 14797

Science.gov (United States)

Link, Albert; Ruhm, Christopher

2009-01-01

This paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research Council within the U.S. National Academies from their…

Pengaruh Struktur Kepemilikan Terhadap Kinerja Dengan Value Added Intellectual Capital Coefficient (VAIC Sebagai Variabel Intervening [The Influence of Ownership Structure on Performance with Value Added Intellectual Capital Coefficient (VAIC as an Intervening Variable

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Fitri Ismiyanti

2017-06-01

Full Text Available Development of science, innovation, and economics shifts the view of how to run a labor-based business into a knowledge-based business. Intellectual capital (IC, which is based on the competitive advantage of companies, is considered as one of the hidden assets that contributes to the measurement of companies’ value. Value Added Intellectual Capital Coefficient (VAICTM is a method developed by Pulic, which became the standard to gauge IC on research in various countries. Ownership structure has indicated effects on VAICTM, because shareholder’s governance reflects the control and supervision of company's assets and performance. VAICTM also has indicated impacts on ROE and company’s market performance, which is proxied by Q  Ratio Modification. The purpose of this study is to measure the effect of ownership structure, such as managerial, domestic institutional, foreign institutional, and government ownership on VAICTM, as well as the influence of VAICTM to the ROE and Q  Ratio Modification on 218 observations of listed companies on the Indonesia Stock Exchange in the period of 2009-2011 using the recursive regression analysis method. The results showed a significantly negative effect of government ownership on VAICTM, and VAICTM had a significantly positive effect on ROE and Q  Ratio Modification. BAHASA INDONESIA ABSTRAK: Perkembangan ilmu pengetahuan, inovasi, dan ekonomi menggeser pandangan cara menjalankan bisnis yang berbasis tenaga kerja (labor-based business menjadi bisnis yang berkarakter ilmu pengetahuan (knowledge-based business. Intellectual capital (IC yang bertumpu pada keunggulan bersaing perusahaan dianggap menjadi salah satu hidden assets yang berkontribusi terhadap pengukuran nilai perusahaan. Value Added Intellectual Capital Coefficient (VAICTM adalah metode yang dikembangkan oleh Pulic, yang menjadi standar pengukur IC pada banyak penelitian di berbagai negara. Struktur kepemilikan diindikasikan memiliki efek terhadap

capital. A discussion paper

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Ewa Chojnacka

2015-04-01

Full Text Available The purpose of this study is to confront certain propositions presented in Lesław Niemczyk’s publication Rachunkowość finansowa aktywów kompetencyjnych i kapitału intelektualnego. Nowy dział rachunkowości(Accounting for Competence Assets and Intellectual Capital. A New Area in Accounting with ideas published in other studies. The authors discuss issues concerning firm value, selected definitions of intellectual capital, as well as certain methods of intellectual capital measurement and valuation. Other problems analysed include accounting for and reporting of intellectual capital and similarities and differences between the way those issues are presented in Polish and in international studies as well as in existing legal regulations and standards.

Impact of nurses' cross-cultural competence on nursing intellectual capital from a social cognitive theory perspective.

Science.gov (United States)

Lin, Hsien-Cheng

2016-05-01

To understand the relationships among certain key factors such as organizational climate, self-efficacy and outcome expectation on registered nurses, with regard to the development of registered nurses' cross-cultural competence. The focus is specifically on the use of a social cognitive framework for nurses for providing intercultural nursing care to international patients. This study also aims to examine the relationship between nurses' cross-cultural competence and nursing intellectual capital. Given the influence of globalization on healthcare services, healthcare providers need to have enough cross-cultural competence to effectively care for patients from different cultures. Thus, the development of cross-cultural competence in nursing care has become an important issue. A quantitative method and a cross-sectional design were employed in this study. Data were collected from 309 RN working in 16 healthcare institutions in Taiwan from May to August 2013. Structural equation modelling, in combination with the smart partial least squares method, was used to measure the relationships in the research model. The results show that outcome expectation has a stronger impact on nurses' cross-cultural competence than self-efficacy. In addition, it was found that the cross-cultural competence of nurses has a positive impact on nursing intellectual capital. Nursing supervisors should promote a higher level of outcome expectation on nurses to enhance the improvement of their cross-cultural competence. Raising the cross-cultural competence of nurses will aid in the accumulation of nursing intellectual capital. © 2016 John Wiley & Sons Ltd.

The Measurement of Human Intellectual Capital in the United States Air Force

Science.gov (United States)

1998-03-01

system that is still roughly the basis for accounting today. In his Summa de Arithmetica, Geometrica , Proportions et Proportionalita, Pacioli tried... corrections . It might be said that the study of Intellectual Capital is in fact the search for ways to systematically capture, elucidate, and leverage the...Percentage of full time permanent employees (Malone 1997) Profit per employee (Sveiby 1989) Profit per employee is a useful term if you can correct

Un método para la gerencia del capital intelectual en centros de investigación (A method for the management of intellectual capital in research centers

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Antonio Velasco

2017-06-01

Full Text Available Resumen Se propone un método para analizar el balance entre los componentes del capital intelectual para su gestión en centros de investigación científica, tomando como caso un instituto de investigaciones científicas de Venezuela. El fundamento teórico del método se encuentra en el modelo Intelect y el método propuesto se centra en la determinación de los aspectos favorables y desfavorables de cada bloque del capital intelectual. La metodología sugerida es básicamente cualitativa, con investigación de campo, y diseño de estudio de caso. Se obtuvieron datos mediante aplicación de entrevistas dirigidas y análisis de documentos. Mediante el método diseñado se identificaron los factores que condicionan la gestión del conocimiento de la institución, se evaluó su balance y se diseñó un modelo de gestión del capital intelectual, adaptado a las características de la institución. En el modelo de gestión se propone el diseño de ciertas políticas, programas y acciones, enfatizando su carácter estratégico para el desarrollo del capital intelectual del personal de investigación del ente analizado. Se muestra que el método constituye un aporte interesante para el instituto y para organizaciones de similares características. English abstract We propose a method to analyze the balance between the components of intellectual capital for its management in scientific research centers, taking as a case an institute of scientific research in Venezuela. The theoretical basis of the method is found in the Intelect model and the proposed method focuses on the determination of the favorable and unfavorable aspects of each block of intellectual capital. The suggested methodology is basically qualitative, with case study design. Data were obtained through interviews and document analysis. Through the designed method, the factors that conditioned the knowledge management of the institution were identified, its balance was evaluated and a

Towards Identifying and Disclosing Intellectual Capital

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Gholamreza Karami

2014-03-01

Full Text Available Intellectual capital (IC is one of the most valuable assets of firms, which has a significant role in success and wealth creation of the entities. Although these assets do not meet recognition criteria of accounting standards and are not reflected in financial statements, but they exist and the evidence indicates that they can affect managers, investors and other stakeholders’ decisions. It is expected that companies have incentives voluntarily report information about IC, due to the benefits thereof. Moreover because of the latest changes in the conceptual framework, we can expect acceleration in the movement towards recognition, measurement and disclosure of IC. In this article first we present the definition and the most important elements of IC, and then different ways of measuring this asset in accounting will be discussed. In rest of the paper incentives for disclosing IC will be presented, in order that the attention of the standard setters is attracted to the latest developments in this field and also the attention of investors becomes focused on this important asset of companies.

Some Tax Implications of Traditional Knowledge Under Conventional Intellectual Property

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T Gutuza

2010-12-01

Full Text Available The proposed incorporation of traditional intellectual property into the definition of copyright, trade-marks and designs as defined in the Copyright Act 98 of 1978, the Trade Marks Act 94 of 1993 and the Designs Act 195 of 1993 may affect the income tax liability of parties where traditional knowledge is the object of such a transaction. The aim of this contribution is to consider the potential income tax consequences of this incorporation for those receiving income and incurring expenditure in relation to the use or disposal of traditional knowledge.

Intellectual capital in the healthcare sector: a systematic review and critique of the literature.

Science.gov (United States)

Evans, Jenna M; Brown, Adalsteinn; Baker, G Ross

2015-12-15

Variations in the performance of healthcare organizations may be partly explained by differing "stocks" of intellectual capital (IC), and differing approaches and capacities for leveraging IC. This study synthesizes what is currently known about the conceptualization, management and measurement of IC in healthcare through a review of the literature. Peer-reviewed papers on IC in healthcare published between 1990 and 2014 were identified through searches of five databases using the following key terms: intellectual capital/assets, knowledge capital/assets/resources, and intangible assets/resources. Articles deemed relevant for inclusion underwent systematic data extraction to identify overarching themes and were assessed for their methodological quality. Thirty-seven papers were included in the review. The primary research method used was cross-sectional questionnaires focused on hospital managers' perceptions of IC, followed by semi-structured interviews and analysis of administrative data. Empirical studies suggest that IC is linked to subjective process and performance indicators in healthcare organizations. Although the literature on IC in healthcare is growing, it is not advanced. In this paper, we identify and examine the conceptual, theoretical and methodological limitations of the literature. The concept and framework of IC offer a means to study the value of intangible resources in healthcare organizations, how to manage systematically these resources together, and their mutually enhancing interactions on performance. We offer several recommendations for future research.

INFLUENCE OF CLIENT RELATIONS ON THE VALUE OF COMPANY INTELLECTUAL CAPITAL

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NICOLETA RADNEANTU

2014-10-01

Full Text Available Since the last decades of the twentieth century, we can see a major transformation of human society as a whole, manifested by both socially and economically changes, which practically led to the emergence of a new reality - knowledge-based society. We cannot talk about a "capitalisation model of intangible assets in the context of the knowledge society" as long as knowledge, intellectual capital, customer relations, relationships with suppliers, alliances, partnerships, etc., - elements that contribute most the market value of companies - are not properly recognized, measured, recorded and reported. Therefore, in this paper we have treated the issue of intangible assets in the context of the knowledge society, insisting on: managers' perceptions of knowledge-based organizations and companies in the Top 100 by market capitalization, listed on the Bucharest Stock Exchange (BVB on customer relations.

Traditional Knowledge, Biological Resources and Intellectual Property Rights in Asia: The Example of the Philippines

OpenAIRE

Antons, Christoph

2007-01-01

The relationship between traditional knowledge and intellectual property rights has become a topic for intensive debates at the national level, in various international settings and within and among different UN agencies, including the World Intellectual Property Organisation (WIPO), the UN Food and Agriculture Organisation (FAO), UNESCO, UNCTAD and the United Nations Environment Programme (UNEP). However, a consensus on a definition of traditional knowledge has yet to emerge due to persisten...

[Effects of Montessori education on the intellectual development in children aged 2 to 4 years].

Science.gov (United States)

He, Hong-Ling; Yan, Hong; Zuo, Ling; Liu, Ling; Zhang, Xi-Ping

2009-12-01

To compare the effects of Montessori education and traditional education on the intellectual development in children aged 2 to 4 years. Children aged between 2 to 3 years who were enrolled in a kindergarten in September 2006 were randomly assigned to the Montessori education and the traditional education groups. In addition to receiving the traditional education, the Montessori education group participated in the two-hour Montessori pedagogical activities every day. The intellectual development was evaluated by the Neuropsychological Development Examination Format for Children Aged 0~6 years published by Capital Pediatrics Research Institute at enrollment and one year after the trial. There were no significant differences in the intelligence growth level between the Montessori education and the traditional education groups at enrollment. After one year, the levels of fine movements, adaptation ability, language, and social behavior developments in the Montessori education group were significantly higher than those in the traditional education group (pdevelopment quotient in the Montessori education group were also higher than those in the traditional education group (peducation can promote the development of large motor ability, fine movements, language, and social behavior in children.

A study of effects of intellectual capital on organizational performance: A case study of Keshavarzi bank branches in Semnan province of Iran

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AliAkbar Aminbeidokhti

2012-04-01

Full Text Available The new millennium is started with rapid growth on knowledge and investment and these two items play essential role to create and increase organizational value. Intellectual capital is often described as intangible assets for moving towards sustainable growth in values. Some studies indicate there is a meaningful correlation between intellectual capital and organizations performance. The goal of this research is to examine of this case in Iran and in one of the biggest and most important province of country, Semnan and in one of its professional banks named Bank of Keshavarzi. In order to collect data, a psychological questionnaire is used based on an already existed version in the literature, which have been successfully implemented in Canada and Malaysia. Cronbach Alpha was used to validate the data by considering importance of statistical sample in this study. A random sampling method was used and 188 professional personnel of Bank in five province were selected to answer the questionnaire. Results show a meaningful relation between components of intellectual capital but this unity and relationship was not confirmed between these components and organizational performance. The highest effect is associated with organizations performance and costumer capital and the lowest effect is associated with human investment.

Alternatives to traditional capitation in managed care agreements.

Science.gov (United States)

Kennedy, K M; Merlino, D J

1998-04-01

Risk arrangements typically fall into one of three categories: primary care capitation, professional services capitation, and global, or full-risk, capitation. Yet, in light of various disadvantages associated with these three methods, such as high administrative costs and inappropriate levels of risk assumed by providers, many healthcare payers and providers are experimenting with alternative payment plans. These alternatives include contact capitation arrangements, under which specialists receive a capitation payment on a per referral basis; open-access arrangements, under which patients do not need a gatekeeper referral to see specialists; and capitation arrangements with quality and hospital utilization bonuses, under which specialists and primary care physicians receive a capitation payment plus the potential for bonuses based on quality and utilization criteria.

Social Capital of Non-Traditional Students at a German University. Do Traditional and Non-Traditional Students Access Different Social Resources?

Science.gov (United States)

Brändle, Tobias; Häuberer, Julia

2015-01-01

Social capital is of particular value for the acquisition of education. Not only does it prevent scholars from dropping out but it improves the educational achievement. The paper focuses on access to social resources by traditional and non-traditional students at a German university and asks if there are group differences considering this…

O Capital Intelectual segundo o Entendimento de Gestores de Empresas BrasileirasIntellectual Capital under the View of Brazilian Enterprises ManagersEl Capital Intelectual en el Entender de Gestores de Empresas Brasileñas

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ANTUNES, Maria Thereza Pompa

2005-09-01

Full Text Available RESUMOEste estudo objetivou avaliar o nível de entendimento do conceito de Capital Intelectual dos gestores de grandes empresas brasileiras, comparativamente ao conceito exposto na literatura, a fim de se levantarem subsídios que possam mostrar a tendência do seu desenvolvimento e aplicação na realidade econômica e empresarial brasileira. A pesquisa do tipo exploratória e descritiva foi baseada em uma amostra composta por 30 gestores. A análise dos dados, tratados por meio do método qualitativo (Análise de Conteúdo e do método quantitativo (análise de cluster e teste de Mann-Whitney sugeriu que os gestores possuem o entendimento do conceito semelhante ao da teoria, identificam os elementos de acordo com o da teoria e realizam investimentos nesses elementos. Adicionalmente, identificou-se uma predisposição positiva dos gestores para a aplicação de modelos gerenciais de controle, dada a não existência de acompanhamento desses investimentos. Dessa forma, verificou-se espaço para o desenvolvimento de modelos que contemplem a gestão dos elementos do capital Intelectual por meio da Contabilidade Gerencial.ABSTRACTThis essay had the purpose to evaluate the interpretation of the top Brazilian companies’ managers towards the concept of Intellectual Capital, in comparison with the concept shown in the relevant literature, in order to raise data that could indicate the trends of the development and application of such concept within the Brazilian economic and business environment. The exploratory and descriptive research was based in a sample of 30 managers. The data analysis using qualitative method (cluster analysis and Mann-Whitney test suggested that managers have an interpretation of the Intellectual Capital concept which is similar to the theory, and that they usually identify the elements in accordance with the theory and make investments on such elements. In addition to that, the research shows that managers have a tendency

The Continuing Relevance of the Marxist Tradition for Transcending Capitalism

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Erik Olin Wright

2018-05-01

Full Text Available No idea is more closely associated with Marx than the claim that the intrinsic, contradictory dynamics of capitalism ultimately lead to its self-destruction while simultaneously creating conditions favourable for a revolutionary rupture needed to create an emancipatory alternative in which the control by the capitalist class of investments and production is displaced by radical economic democracy. Marx’s formulation of a theory of transcending capitalism is unsatisfactory for two main reasons: 1 the dynamics of capitalism may generate great harms, but they do not inherently make capitalism unsustainable nor do they generate the structural foundations of a collective actor with a capacity to overthrow capitalism; 2 the vision of a system-level rupture with capitalism is not a plausible strategy replacing capitalism by a democratic-egalitarian economic system. Nevertheless, there are four central propositions anchored in the Marxist tradition that remain essential for understanding the possibility of transcending capitalism: 1. Capitalism obstructs the realization of conditions for human flourishing. 2. Another world is possible. 3. Capitalism’s dynamics are intrinsically contradictory. 4. Emancipatory transformation requires popular mobilization and struggle. These four propositions can underwrite a strategic vision of eroding the dominance of capitalism by building democratic-egalitarian economic relations within the contradictory spaces of capitalism.

A Comparison of Traditional and Newly Emerging Forms of Cooperative Capitalization

OpenAIRE

Barton, David G.

2004-01-01

This paper compares the traditional forms of capitalization used by American co-ops to newly emerging forms. It is based on an in-depth review of several case co-ops. A broad framework is provided that may be beneficial in more extensive studies of capitalization practices of cooperatives and similar organizations. It is divided into three parts. Part One outlines the alternative capitalization forms being used by cooperatives and their antecedents, where conversions to other structures and f...

Intellectual Capital Based Management Accounting System For Creative City

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Daryanto Hesti Wibowo

2015-08-01

Full Text Available This study will discuss the problem of how the management accounting system can meet the needs of high quality information to its users in managing creative city for the decision making process. A well-organized management of creative city is needed to overcome the problems of the city to become an innovative place in the development of urban socio-economic life. Accounting management system plays an important role in promoting accountability efficiency and effectiveness of the creative city manager. Intellectual capital accounting makes management becomes more proficient in decision-making through the formulation of different management accounting concepts from financial accounting perspective the concept of connectivity and networking within the organization thereby increasing the relevance of management accounting management accounting that meet the manager needs for managing creative city.

Generation of human and structural capital: lessons from knowledge management

OpenAIRE

Agndal, Henrik; Nilsson, Ulf

2006-01-01

Interorganizational and social relationships can be seen as part of the intellectual capital of a firm. Existing frameworks of intellectual capital, however, fail to address how relationships should be managed to generate more intellectual capital. Drawing on the interaction approach and the fields of intellectual capital and knowledge management, this paper develops a framework for managing relationships. The framework is illustrated with a case study. It is also noted that firms can improve...

Case Study in Intellectual Capital and Territorial Development: Analysing Portuguese Local Governments WEB Pages

OpenAIRE

Bailoa, Sandra; Resende da Silva, Paulo

2012-01-01

Multiple authors argue that the digital infrastructure of municipalities and regions, such as websites, have an important role to play in local and regional development since they enable the access and sharing of information, knowledge and the provision of certain services. Functioning as an entrance way to a territory, the websites provide important contributions in the knowledge and intellectual capital management activities. In this sense, an evaluation of websites is a core ac...

[The influence of intellectual capital in performance evaluation: a case-study in the hospital sector].

Science.gov (United States)

Bonacim, Carlos Alberto Grespan; Araújo, Adriana Maria Procópio de

2010-06-01

This paper contributes to public institutions with the adaptation of a performance evaluation tool based on private companies. The objective is to demonstrate how the impact of an educational activity might be measured in the economic value added for the society of a public university hospital. The paper was divided in four parts, despite the introductory and methodological aspects and the final remarks. First, the hospital sector is explained, specifically in the context of the public university hospitals. Then, the definitions, the nature and measure of the intellectual capital are presented, followed by the disclosure of the main economic performance evaluation models. Finally, an adapted model is presented, under the approach of the value based management, considering adjustments of the return and the respective investment measures, showing the impacts of the intellectual capital management and the education activity on the economic result of those institutions. The study was developed based on a methodology supported by a bibliographical research, using a comparative method procedure in the descriptive modality. At last, it is highlighted the importance of accountability for the society regarding the use of public resources and how this study can help in this way.

Seeking a potential system in managing organizational knowledge flow towards enhancing individual learning and intellectual capital

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Intan Soraya Rosdi

2013-12-01

Full Text Available The knowledge-based economy of today heralds an era where the business environment is characterized by complex and ever-changing conditions, driven by rapid technological advancements. With knowledge regarded as the main competitive resource, continuous learning becomes critical to firms as they try to keep up with the latest technology and business practices. Moreover, knowledge resides within individual employees, and the challenge is to ensure that knowledge is acquired, applied, and shared to benefit the firm. The situation becomes more complex when it is established that there exists different human capital in firms at any one time, differentiated based on the types of knowledge they contribute to the firm. Further, scant literature exists on the relationship dynamics between the different human capital groups and their influences on individual learning. This paper aims to propose a potential system to manage interaction between the different human capital groups within firms, and its link to enhancing different types of individual learning and intellectual capital.

The Effect Of Intellectual Capital On Job Satisf action And Organizational Attractiveness During The Person - Organization Fit: A Case Study Of A University Hospital

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Orhan Adıgüzel

2015-12-01

Full Text Available Basic purpose of this study is about investigating the effects of intellectual capital on job satisfaction and organizational attractiveness during the person-organization fit on employees of university hospital. For this purpose; questi on form, which created with personal information form, job satisfaction scale, organizational attractiveness scale, capital perception scale and person-organization fit scale, was applied on 330 persons, who work for university hospital. The statistical technics was used for testing the hypotheses, which were created for this study; “Pearson Correlation Analysis Linear” and “Multivariate Regression Models”. The results of study put forward that the intellectual capital structure of health establishment is effective on health employees to get job satisfaction and to find their establishment as attractive.

Knowledge Management and Intellectual Capital: Establishing a Field of Practice

DEFF Research Database (Denmark)

and techniques involving many different management areas have been introduced. Taking a variety of angles and perspectives this book shows how knowledge management is actually practised in many different European firms. By focusing on knowledge, new dimensions of well-known management principles and concepts......Evidence in recent years of increasing interest in knowledge and how to manage it can be observed not only in the management literature but also in companies. The introduction of new views has taken place under headings such as "knowledge management" and intellectual capital. Several new methods...... emerge. Leading researchers and experts from European business schools offer new insight into the range of practical problems that can be addressed and methods that can be applied when knowledge is put on the management agenda....

Intellectual capital in mergers and acquisitions: a case study in a world-class financial institution

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Ricardo Vinícius Dias Jordão

Full Text Available Abstract The objective of the research described in this paper was to analyse the implications of the merger between Itaú and Unibanco banks on the Intellectual Capital (IC of the Itaú Unibanco S/A Bank. The methodology comprised a qualitative and quantitative case study, in a descriptive approach, based on interviews (formal and informal and questionnaires applied to 225 top managers (directors, superintendents, regional managers and commercial general managers originated from these two banks. The research was complemented with direct observation and documental analysis. The following results were found after the merger: (i improvements were noted in all analysed indicators on the constituent elements of the IC (human capital, structural capital and relational capital, (ii Itaú Unibanco S/A Bank created, developed and acquired knowledge and know-how, and (iii these factors influenced corporative IC, supporting improvements in processes, systems, technology, brands, products and mainly in people, corporate image and the relationship of the company with the market, promoting significant financial results.

Betraying the Intellectual Tradition: Public Intellectuals and the Crisis of Youth

Science.gov (United States)

Giroux, Henry A.

2003-01-01

Building upon the late Pierre Bourdieu's belief that intellectuals had a major responsibility in bridging intellectual work and the operation of politics, this paper argues that intellectuals, especially those in higher education, need to recognise that youth is an important moral referent and political starting point for addressing a number of…

Modelo para a mensuração do capital intelectual: uma abordagem fundamentada em recursos A model for measuring intellectual capital: an approach centered on a resources-based view

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Olivir Sebastião Malavski

2010-09-01

Full Text Available A compreensão dos mecanismos de criação de valor na produção de bens ou serviços tem ocupado um lugar especial na agenda das empresas. O renascimento da Teoria Baseada em Recursos é um sinal da intensificação desta busca, em que se procura identificar o papel dos recursos, capacitações e competências na criação de valor nos sistemas de operações. Este trabalho desenvolve um modelo fundamentado no conceito de capital intelectual para articular recursos, capacitações e competências organizacionais. O modelo é construído a partir das definições das variáveis recursos, capacitações, competências e capital intelectual, trabalhando esses elementos em seus diferentes níveis de análise. A estrutura utilizada para a construção do modelo de integração fundamenta-se no modelo do navegador Skandia, apropriando-se das suas dimensões de desempenho para fins de desenvolvimento deste trabalho. O resultado é um modelo que explica a dinâmica de integração de recursos, capacitações e competências para a avaliação da criação de valor na forma de capital intelectual.Understanding value creation mechanisms for producing goods and services occupies a special place in enterprises' agenda. The renaissance of Resource Based Theory is a sign of this research intensification, which is focused on organizational resources, capabilities and the role of competences in operations systems value creation. This work develops an integration model based on the intellectual capital concept, to articulate resources, capabilities and competences. The model is built using the resources, capabilities, competences and intellectual capital variables definition, addressing them in their different levels of analysis. The structure of the integration model construction used is based on the Skandia navigator model, taking into account their performance dimensions for developing this study. The result is a model that explains the integrative dynamics

Intellectual Liabilities: Lessons from The Decline and Fall of the Roman Empire

NARCIS (Netherlands)

Christiaan Stam

2009-01-01

Purpose: Intellectual capital theory and practice predominantly focus on measuring and managing intangible assets. However, if we want to balance the intellectual capital books (Harvey and Lusch, 1999), we should recognize both intellectual assets and intellectual liabilities (Caddy, 2000).

Report on the 13th Interdisciplinary Workshop on Intangibles and Intellectual Capital

DEFF Research Database (Denmark)

Schaper, Stefan; Manes Rossi, Francesca

Since its inception back in 2004, the EIASM Workshop on Intangibles and Intellectual Capital has established itself as a “must” on many researchers’ yearly conference agendas. This year’s edition took place September 21-22, hosted by the School of Economics “G. Fuà” of the Università Politecnica...... delle Marche and was organised by Professors Stefano Marasca, Maria Serena Chiucchi, and Marco Giuliani, and their team, in collaboration with the University of Ferrara. In line with the steadily increasing number of participants, the Workshop was attended by 145 participants from 21 countries...

Traditional African economies in conflict with western capitalism

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C.M. Pauw

1996-04-01

Full Text Available Traditional Mrican economies� in conflict with western capitalism Some of� the fundamental differences between two� economic systems which, by� and large,� have� come� into� conflict with� one another� in Africa south� of the� Sahara� are� analised,� i e� traditional African� economies� and western, capitalist oriented� economies.� The� dire� economic� conditions prevailing� in Africa are the result,� to a� large extent,� of� a� long history of� exploitation and economic� disempowerment particularly� by� western� powers.� Not� all� the strategies and programs to� counter this poverty are equally appropriate or acceptable.� In� the� meantime� a� unique� coping� mechanism� is� developing, particularly within African Independent Churches which may provide some answers.

E-LEARNING AS A KNOWLEDGE MANAGEMENT APPROACH FOR INTELLECTUAL CAPITAL UTILIZATION

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Issa SHEHABAT

2009-01-01

Full Text Available This paper addresses human resources utilization at the university environment. We address the design issues of e-learning courses that can capture the teacher knowledge. The underlying objective is that e-learning is a key knowledge and major resources for many universities. Therefore, the design of e-learning should be an important part of the university knowledge management process. Teachers' knowledge in any important topic or field should be managed in a way that the university can benefit from it in case of teacher leaving or retired. Hence, intellectual personal knowledge management will be explored through the development of e-learning systems. Some concepts from the Artificial Intelligence field can be used in developing such systems. The potential for utilizing human knowledge in the university environment will optimize the resources and can be of cost effective and quality assurance factors and provide the university with a sustainable competitive advantage. Assuring the proper knowledge management within the university environment is a more complex issue. This is due to the diverse of topics in one hand and the behavior of the student and the lecturers on the other hand. Effective implementation and success requires a lot of efforts that will guarantee the utilization of the intellectual capital within the university environment.

E-LEARNING AS A KNOWLEDGE MANAGEMENT APPROACH FOR INTELLECTUAL CAPITAL UTILIZATION

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Issa SHEHABAT

2008-01-01

Full Text Available This paper addresses human resources utilization at the university environment. We address the design issues of e-learning courses that can capture the teacher knowledge. The underlying objective is that e-learning is a key knowledge and major resources for many universities. Therefore, the design of e-learning should be an important part of the university knowledge management process. Teachers' knowledge in any important topic or field should be managed in a way that the university can benefit from it in case of teacher leaving or retired. Hence, intellectual personal knowledge management will be explored through the development of e-learning systems. Some concepts from the Artificial Intelligence field can be used in developing such systems.The potential for utilizing human knowledge in the university environment will optimize the resources and can be of cost effective and quality assurance factors and provide the university with a sustainable competitive advantage.Assuring the proper knowledge management within the university environment is a more complex issue. This is due to the diverse of topics in one hand and the behavior of the student and the lecturers on the other hand. Effective implementation and success requires a lot of efforts that will guarantee the utilization of the intellectual capital within the university environment.

Aestheticizing the Downfall of Industrial Capitalism: Jim Jarmusch’s Tale of Intellectual Vampires in Zombies’ World

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Bahar Muratoğlu Pehlivan

2018-04-01

Full Text Available This study aims to read Jim Jarmusch’s movie Only Lovers Left Alive from the perspective of downfall of industrial capitalism and ecosocialist approach. The movie mainly takes place in Detroit Michigan, which is a symbol of the collapse of Fordism and industrialization. Ecosocialist critique of industrial capitalism has common notions with Jarmusch’s tale. Thus, theoretical framework of this study has been established on ecosocialist paradigm. In the movie, Jarmusch represents vampires as intellectuals with a wide accumulation of culture and knowledge and places his critique of industrialization from their point of view. Multimodal Discourse Analysis was applied to the movie to find out how the movie did use visual and literal signifiers to establish its narrative.

The role of higher education institutions in shaping the intellectual capital in light of marketing innovation

OpenAIRE

Lidia Białoń

2013-01-01

The systemic approach implied by marketing innovation requires professional shaping of the intellectual capital. Innovation marketing shall fulfill its role on the basis of 5 i’s principle. Fulfillment of those tasks requires specialists, thoroughly trained in marketing, management and in the theoretical foundations for innovative activity. The higher education institutions are responsible for preparing such specialists. The fundamental problems lie both in constructing adequate curricula and...

PROPOSAL OF A SYSTEM OF INDICATORS FOR THE INTELLECTUAL CAPITAL ACCORDING TO THE SCORECARD FOR THE "30 DE NOVIEMBRE" ENTERPRISE

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Yanet de la-Fé-González

2016-01-01

Full Text Available Any director or manager knows the importance which the the intangible assets have, although, except some of them, they are shown neither in the financial statement nor any in internal documents. In recent years the increasing role of techonology and knowledge, the interest for the intangible assets has increased at least in the private interprise and its identification, mensure and management is e present theme. It is considered very important to recognize and value these intangible assets eather to improve the decision making or demonstrate the external user its potency, adding this group of information to the tradicional and financial indicators. Despite of the doubless present time about this subject, many main ideas on intellectual capital are too old. The financial statements record some fixed intangible  assets like patents or trade marks, though the procedures of developed valuation for the accounting of the tangible assets could not be like thoseapplied for the intangible ones, as was stated by Hendriksen and Van Brida (1992. It has been also frecuently, the theoric proposals about  bookkeeping the intangible assets. In this paper it is made a proposal of a financial indicator that enable to measure the impact of the intellectual capital inside the real value of the enterprises that will give the possibility to strengthen the economic and financial analysis and make decisions in a short and long terms. 

From the Editors: The evolution of the intellectual capital and new tendencies

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Mercedes Garcia-Parra

2006-01-01

Full Text Available The volume of non tangible investments undertaken by firms has grown extraordinarily in the second half of the twentieth century, and it keeps growing in the present century. For that reason, issues related with the economic nature of intangibles, its identification and measurement are among the main interests of managers, investors, financial analysts and the rest of constituencies with interests in organizations. In this editorial, we review the evolution of the research about intellectual capital, defined as the set of intangibles of the firm, from its beginnings at the start of the nineties, to the most recent contributions, where it is defined as the difference between intangible assets and intangible liabilities.

Evidenciação do capital intelectual em empresas do setor de tecnologia da informação e do setor de telecomunicações listadas na BM&FBovespa nos anos de 2007 a 2009 = Disclosure intellectual capital in business sector information technology and telecommunications sector listed on Bovespa BM & F the years 2007 to 2009

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Diane Rossi Maximiano Reina

2011-08-01

Full Text Available O capital intelectual tem sido considerado na literatura como fonte de conhecimento e recursos que agregam valor as empresas e as pessoas. Assim, este trabalho busca analisar a evidenciação voluntária do Capital Intelectual em empresas listadas na BM&FBOVESPA. O estudo é descritivo, qualitativo e utiliza análise de conteúdo, matriz de classificação de capital intelectual de Sveiby (1997 e codificação numérica de Guthrie et al. (1999. Como principais resultados obteve-se: (i 92% das empresas do setor de telecomunicações evidenciaram elementos de Capital Intelectual em 2007, no setor de tecnologia da informação em 2007 era de 78% e entre 2008 e 2009 este percentual elevou-se para 87,5%; (ii a forma de evidenciação que prevaleceu foi a narrativa; (iii o elemento contrato favorável manteve a maior evidenciação no ano de 2007 e em 2008 o elemento processo gerencial teve 40%; e (iv a categoria de Capital Externo foi a que mais representou elementos entre os dois setores.Intellectual capital has been considered in the literature as a source of knowledge and resources that add value to businesses and individuals. This study analyzes the voluntary disclosure of intellectual capital in companies listed on BOVESPA. The study is descriptive, and uses qualitative content analysis, classification matrix of intellectual capital to Sveiby (1997 and numerical coding Guthrie et al. (1999. The main results are: (i 92% of companies in the telecommunications industry showed elements of intellectual capital in 2007 in the information technology sector in 2007 was 78% and between 2008 and 2009 this percentage increased to 87 5%, (ii the form of disclosure that prevailed was the narrative, and (iii the element retained most favorable contract disclosure in 2007 and 2008 element management process was 40%, and (iv the category of Foreign capital was the most represented elements between the two sectors.

Impact of Intellectual Capital on Organisational Performance: An Empirical Study of Companies in the Hang Seng Index (Part 2)

Science.gov (United States)

Chan, Kin Hang

2009-01-01

Purpose: The purpose of this paper, which is written in two parts, is to investigate empirically if intellectual capital (IC) has an impact on the financial aspects of organisational performance as well as attempting to identify the IC components that may be the drivers for the leading financial indicators of listed companies. The study sought…

Impact of Intellectual Capital on Organisational Performance: An Empirical Study of Companies in the Hang Seng Index (Part 1)

Science.gov (United States)

Chan, Kin Hang

2009-01-01

Purpose: The purpose of this paper, which is written in two parts, is to investigate empirically if intellectual capital (IC) has an impact on the financial aspects of organisational performance as well as attempting to identify the IC components that may be the drivers for the leading financial indicators of listed companies. The study sought…

Value added intellectual coefficient (VAIC: an empirical study

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Mehrnaz Paknezhad

2012-04-01

Full Text Available There is no doubt that conventional accounting does not provide actual value of a firm since they only take into account the tangible assets. Intellectual capital provides a new concept for considering actual value of the assets, which helps calculate intangible values of the firm. In this paper, we use value added intellectual coefficient (VAIC to measure the performance of a firm. The study investigates the relationship between intellectual capital and return on assets and value added for three consecutive years between 2008 and 2010. The results indicate that there is no meaningful relationship between intellectual capital and return on assets for fiscal years of 2008 and 2009 but there is a meaningful relationship between these two items for the fiscal year of 2010 when . Our findings also indicate that there is no meaningful relationship between intellectual capital and value added for the years of 2008 and 2010 but there is a meaningful relationship between the items for the fiscal year of 2009. The results somewhat confirm the recently published results in the literature, which argues the use of VAIC for assessing the direct impact of IC on other financial factors.

The analysis of the influence of the intellectual capital on the results of the commercial activity of financial institutions

Science.gov (United States)

Shkolik, Oleg; Chirkova, Larisa; Chirkova, Polina

2016-08-01

Developing (underdeveloped) countries are territories of slow economic growth (catch-up growth). Perspectives of their economic growth largely depend on developing and introducing financial and technological innovations in the sphere of the financial markets. The level and quality of those innovations should enable provision of faster growth of the financial sector of the national economy by rising stability and effectiveness of the financial institutions. Powerful and stable financial sector is the basic element for attracting investments and upsurge of liquidity in the economic system of a developing country that aims to have developed economy. Intellectual capital is the most important of the fundamental factors of production in the financial sphere. It is a catalytic element of the process of the economic development. From this position, the researchers' collective develops and presents a mathematical model which characterizes the connection between the intellectual capital and financial results of the commercial activity of financial institutions. The model is applied in the analysis of the activity of financial institutions that are part of the EEU.

Governo eletrônico e capital intelectual nas organizações públicas Electronic government and human capital in public organizations

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Luiz Antonio Joia

2009-12-01

Full Text Available Este artigo mostra a variação de capital intelectual em organizações públicas envolvidas em empreendimentos government-to-government (G2G. Para tanto, um frame heurístico foi desenvolvido a fim de avaliar o impacto de projetos G2G nos componentes do capital intelectual de agências públicas, isto é, em seus capitais humano, organizacional, de relacionamento e de inovação. Aplicando-se esse frame heurístico a 30 empreendimentos G2G no Brasil, ligando o Banco Central com os tribunais de justiça, detectou-se um impacto positivo no capital intelectual das organizações envolvidas nesses empreendimentos. Além disso, verificou-se que tais empreendimentos G2G influenciaram os componentes do capital intelectual de forma homogênea. A partir daí, o frame foi validado por meio de uma elevada e positiva correlação entre a variação do capital intelectual nas organizações públicas e a percepção de valor dos funcionários envolvidos nesses mesmos empreendimentos. Finalmente, adicionalmente às limitações da pesquisa, algumas conclusões são apresentadas a gestores públicos, practitioners e acadêmicos, para que seja entendido o potencial de uso da teoria do capital intelectual para avaliação de iniciativas de governo eletrônicoThis article shows the intellectual capital variation in public organizations involved in government-to-government (G2G enterprises. A heuristic frame was developed to measure the impact of G2G projects on the intellectual capital components of public agencies, i.e., on their human, organizational, relational and innovative capitals. This heuristic frame was applied to 30 G2G enterprises in Brazil connecting the Central Bank to the courts of justice and revealed a positive impact on the intellectual capital of the organizations involved. Furthermore, these G2G enterprises influenced the intellectual capital components uniformly. Then the frame was validated by means of a high and positive correlation

The Implementation Analysis of Intellectual Capital to Department Performance in Padang State University

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Sulastri sulastri

2015-09-01

Full Text Available The purpose of this research was to observe the effect of the age of the organization department in Padang State University on performance through human capital, structural capital and relational capital. The sample is all of department in Padang State University, which is 33 departments. The data were collected through questionnaires and analyzed using partial least squares (PLS. The results showed that the age of the department is not direct and significant impact on the department performance. While the age departments significantly affect the department's human capital, structural capital and relational capital. Furthermore, the human capital, structural capital and relational capital significantly positive affect the department performance. This research failed to prove the existence of variable human capital, structural capital and relational capital as a mediating variable but serves as an intervening variable. Its means that age of department performance cannot determine performance without increasing the human capital, structural capital and relational capital.

Intellectual property rights, benefit-sharing and development of "improved traditional medicines": A new approach.

Science.gov (United States)

Willcox, Merlin; Diallo, Drissa; Sanogo, Rokia; Giani, Sergio; Graz, Bertrand; Falquet, Jacques; Bodeker, Gerard

2015-12-24

Protection of intellectual property rights and benefit-sharing are key issues for all ethnopharmacological research. The International Society of Ethnobiology has produced helpful guidelines on access and benefit-sharing which are widely viewed as a "gold standard" but the question remains how best to apply these guidelines in practice. Difficult questions include ownership of traditional knowledge, making appropriate agreements, and how appropriately to share benefits. We present the case study of the development of an "improved traditional medicine" for malaria in Mali and we report how benefit-sharing was applied in this case. The knowledge about the selected plant came independently from several families and traditional healers. The IPR approach was to recognise that this traditional knowledge belongs to the people of Mali and was used for their benefit in developing a new "improved traditional medicine" (ITM). The traditional healer whose method of preparation was used, and who collaborated in clinical trials, did not request any financial reward but asked for the ITM to be named after him. The most sustainable benefit for the community was sharing the results of which preparation of which medicinal plant seemed to be the most effective for treating malaria. Attempts at providing a health centre and training a health worker for the village did not prove to be sustainable. Respect for intellectual property rights and benefit-sharing are possible even in a context where the knowledge is not owned by a clearly identified person or group of people. The most sustainable benefits are intangible rather than material: namely recognition, improved knowledge about which traditional treatment is the best and how to prepare and take it. Copyright © 2015 Elsevier Ireland Ltd. All rights reserved.

The Effect Of Intellectual Capital On Job Satisf action And Organizational Attractiveness During The Person - Organization Fit: A Case Study Of A University Hospital

OpenAIRE

Orhan Adıgüzel; Kenan Kayadibi

2015-01-01

Basic purpose of this study is about investigating the effects of intellectual capital on job satisfaction and organizational attractiveness during the person-organization fit on employees of university hospital. For this purpose; questi on form, which created with personal information form, job satisfaction scale, organizational attractiveness scale, capital perception scale and person-organization fit scale, was applied on 330 persons, who work for u...

Intellectual Capital (IC Analysis and The Effect to Financial Performance in PT Kalasuba Indonesia (KSI

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Dwi Ermayanti Susilo

2016-10-01

Full Text Available Financial Performance (FP is one of the important things for a company to know the development of the company. One important thing that influences FP is the Intellectual Capital (IC. Research was conducted to get the best IC analysis in order to get success and fulfill the daily human needs which always increases. Therefore, it had research problem ‘how was the components of IC affecting the FP of PT Kalasuba Indonesia (KSI, and the objective is to explore the IC components in affecting the FP. It was interesting to be explored because it had unique characteristics, which consist of spiritual knowledge, attitude, discipline, management knowledge and managerial experience, as well as skill and capabilities, in which the first three points were different from the rest. It used qualitative analysis method as the instrument. It was done by collecting the data through observation and was analyzed using the Robbins theory. It can be concluded that those five IC has important effect in increasing FP of PT KSI and keeping it stable.

Considerations on Intellectual and Academic Leadership of a Scholar in Higher Education: The Descriptive Literature Review

Directory of Open Access Journals (Sweden)

Žydžiūnaitė Vilma

2018-04-01

Full Text Available Introduction: The search for solutions to the issue of leadership leads to hundreds of leadership studies, most of which are contradictory and inconclusive. The scientific literature on leadership in higher education is focused mainly on educational, academic, managerial or thought leadership. This literature provides the opinion that the intellectual leadership in higher education is directed towards building social and intellectual capital through a scholar’s involvement in decision-making and performance of leadership roles in ways that support the scholar’s collaborative decision-making and empowerment. Scholars see intellectual leadership as the scope of challenging processes, which incorporate ideas, values, understandings, solutions, beliefs, visions, knowledge, approaches, purpose and actions. These aspects must be accepted through collectively-shared understanding and generated contextually for organizational development in higher education. With growth in administrative demands, it becomes difficult for intellectual leaders to achieve an appropriate balance of leadership, teaching and research in higher education.

INTELLECTUAL CAPITAL AND VALUE CREATION IN THE METAL PRODUCTS MANUFACTURING SEGMENT

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Joao Francisco Aguiar

2010-07-01

Full Text Available The historical evolution of the ratio of investments in intangible assets over GNP in the US economy from 1959 to 2007 – which reached 8 to 10% in 2007 - indicates a positive long term trend that is as relevant as the rate of investments in tangible assets in terms of the GNP, during the same timeframe.  The most surprising fact however, was the expansion beyond expectations over the last 40 years. According to international researchers, this trend is due to a combination of a series of causes, such as the financial globalization, market deregulation and exponential growth of technological changes, rousing the interest of entrepreneurs, scholars and researchers in becoming acquainted with indicators, classifying and ideating these so as to comprehend the value creation  process within companies. The purpose of this line of research was to test Pulic´s Value Added Intellectual Coefficient Model (2000, so as to evaluate its significance in creating value, as applied to the Metal Products Manufacturing segment, utilizing an adjusted data base obtained from the Brazilian Geography and Statistics Institute´s (IBGE Annual Industrial Research (PIA for the period 2000 to 2006, comprising companies with more than 100 employees throughout Brazil, resorting to a panel of static data. Results obtained demonstrate a positive relationship between VAIC and value creation as well as between the Calculated Intangible Value – CIV, (explanatory variable and value creation. Key-Words:  Intellectual Capital. VAIC. Value Creation. IBGE (Brazilian Geography and Statistics Institute.

Cognitive Capitalism: Economic Freedom Moderates the Effects of Intellectual and Average Classes on Economic Productivity.

Science.gov (United States)

Coyle, Thomas R; Rindermann, Heiner; Hancock, Dale

2016-10-01

Cognitive ability stimulates economic productivity. However, the effects of cognitive ability may be stronger in free and open economies, where competition rewards merit and achievement. To test this hypothesis, ability levels of intellectual classes (top 5%) and average classes (country averages) were estimated using international student assessments (Programme for International Student Assessment; Trends in International Mathematics and Science Study; and Progress in International Reading Literacy Study) (N = 99 countries). The ability levels were correlated with indicators of economic freedom (Fraser Institute), scientific achievement (patent rates), innovation (Global Innovation Index), competitiveness (Global Competitiveness Index), and wealth (gross domestic product). Ability levels of intellectual and average classes strongly predicted all economic criteria. In addition, economic freedom moderated the effects of cognitive ability (for both classes), with stronger effects at higher levels of freedom. Effects were particularly robust for scientific achievements when the full range of freedom was analyzed. The results support cognitive capitalism theory: cognitive ability stimulates economic productivity, and its effects are enhanced by economic freedom. © The Author(s) 2016.

Studying the Foreign Experience of Evaluating Intellectual Potential of Organizations

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Pererva Petro G.

2016-01-01

Full Text Available The use of intellectual capital (IC is considered in developed countries as a strategic management tool for achievement of the organizations' success in innovative activities. The article is aimed at studying the foreign experience of evaluating intellectual potential of organizations and identifying directions for its advancement and use at the domestic enterprises to improve their innovative activity. An approach to capital structure has been developed, in which the following three parts are allocated: human capital, structural capital, capital of interactions. The proposed general model for research of IC in terms of firm or region allows to evaluate not only the potential, but also several important lines of communication, namely: industrial-technological, market-customer, business environment and society, commercial operations (technology, value creation and the overall development strategy. In the proposed version of studying the IC potential, analytics are combined with management of both strategy and development tactics, based on use of resources of intellectual capital. The scheme of development management through the system of the activities of influence is recommended as well. The end result of the analytical project work provides the development package, which is issued as a supporting document of development strategy. Evaluation of the development level of intellectual capital in the context of individual enterprises and of regional complex in general has been recommended to include in the Regional innovation system (RIS as one of its functional tasks

Constructing a knowledge-based identity: Experiences from working with intellectual capital statements

DEFF Research Database (Denmark)

Kjærgaard, Isa Jensen

2003-01-01

how it wishes to define its activities both externally and internally. The paper concludes that, by working with IC statements, a company can achieve a way of constructing a new identity. Furthermore, the process of creating an IC statement can legitimize the whole idea of changing towards a knowledge......This paper analyses the inter-relationship between organizational identity and intellectual capital (IC) statements and suggests the IC statement as a framework for developing a knowledge-based identity. The results are based on a case study of a Danish electricity transmission system company......, which started the process of changing its public provider identity towards a knowledge-based identity in a changing market by applying the framework of an IC statement. The IC statement, as a new way of defining and working with strategic company resources, makes it possible for a company to communicate...

Linking Intellectual Capital and Competitive Advantage: A Cross-Firm Competence Model for North-East Italian SMEs in the Manufacturing Industry

OpenAIRE

A. CAMUFFO; COMACCHIO A.

2005-01-01

While large, international enterprises have developed!adopted state-of-the-art business practices and knowledge management systems, in SMEs (small and medium enterprises) individual competences usually represent the cornerstone of a firm's intellectual capital and a key determinant of organizational performance. The increasingly fierce competition deriving from globalization and ICT has challenged this approach calling for new ways to develop, diffuse and retain knowledge in SMEs. Starting fr...

Mapping Intellectual Resources: Insights from Critical Modernism.

Science.gov (United States)

O'Regan, Philip; O'Donnell, David

2000-01-01

Intellectual capital and the management and use of an organization's intellectual resources can be understood from the perspective of Habermas' theory of communicative action. The systematic and reciprocal relations of communicative action create value through the mechanisms of exchange. (SK)

Agro-energy - A solution for climate or a crisis exit for capital?; L'agroenergie - Solution pour le climat ou sortie de crise pour le capital?

Energy Technology Data Exchange (ETDEWEB)

Houtart, F. [CETRI, Louvain La Neuve (Belgium)

2009-07-01

Intensive advertisement has presented agro-energy as a solution to the global warming and to the energy crisis. But how will it be possible to replace fossil fuels? It would be surprising that an economic system like capitalism does not try to supply some remedies to a situation that paralyzes it and threatens its own survivor-ship. But are these measures favorable to humanity and susceptible to warrant the future of the Earth? Are we trying to save the mankind and its vital capacities or to preserve capitalism? This book examines the role of energy in the development of humanity and then the degradation of climate and the way that capitalism has treated the problem. It deals with the real conditions of biofuels development, reveals the ecological and social conditions of their production, and denounces the social and natural catastrophes they are leading to. The book ends with a thinking about the economical function of biofuels and on the solutions offered by renewable energy sources. It proposes some changes that reveal the core of the problem: changing our development model. (J.S.)

Leveraging Social Capital of Persons With Intellectual Disabilities Through Facebook Participation: The Perspectives of Family Members and Direct Support Staff.

Science.gov (United States)

Shpigelman, Carmit-Noa

2017-12-01

This study aimed to understand and describe the views of family members and direct support staff regarding the use of Facebook by persons with intellectual disability (ID) within the context of social capital. In-depth, semistructured interviews conducted with 16 family members and direct support staff of persons with ID who use Facebook revealed that most participants favored Facebook use by persons with ID for bonding and bridging social capital and for normalization. Most participants noted the empowering effect of online activity on persons with ID, yet some reported risks and usage difficulties. Although Facebook use enhances the well-being of persons with ID, findings highlighted the participants' need for formal guidelines regarding social media best-practices for people with ID.

A controladoria e o capital intelectual: um estudo empírico sobre sua gestão The controllership and the intellectual capital: an empirical study on its management

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Maria Thereza Pompa Antunes

2006-08-01

Full Text Available Este estudo objetivou investigar a adequação do Sistema de Informações Contábeis Gerenciais de grandes empresas brasileiras à gestão do Capital Intelectual. Assumiu-se a Controladoria como a área na empresa mais adequada para identificar, avaliar e mensurar esses elementos e para disponibilizar as informações necessárias à gestão das empresas no atingimento de sua missão. A pesquisa do tipo exploratória está baseada em uma amostra composta por 30 gestores de grandes empresas brasileiras. A análise dos dados, tratados por meio do método qualitativo (Análise de Conteúdo, permitiu verificar que a grande maioria dos gestores realiza investimentos em elementos do Capital Intelectual e que atribuíram indicadores para avaliar esses investimentos, mas não de forma integrada que permita a quantificação correta dos valores investidos e a avaliação do retorno desses investimentos. Por outro lado, os gestores mostraram-se receptivos a aplicar um modelo de gestão para tal fim e consideraram a Controladoria como a área mais adequada para gerenciar esse modelo.The purpose of this essay is to investigate through the Controlling Departments how the Management Information Systems in large Brazilian companies treat investments on Intellectual capital elements. It has been assumed that the Controlling Department is the companies' most adequate area to identify, evaluate and measure such elements, and to provide the managerial information required for the accomplishment of each company's mission. The exploratory research is based on a sample of 30 managers of large Brazilian companies. The qualitative analysis of the data collected (Contents Analysis lead us to the conclusion that the great majority of managers invest on detecting Intellectual Capital elements and have tools to evaluate such investment, but not in an integrated manner that permits to correctly quantify the invested amounts and to evaluate the return on the investment. On

Pengaruh Pengungkapan Intellectual Capital (IC dan Economic Value Added (EVA terhadap Harga Saham Perusahaan Manufaktur yang terdaftar di BEI

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Achmad Fauzi

2015-07-01

Full Text Available This study aims at finding out if The Influence of Intellectual Capital (ICand Economic Value Added (EVA on Stock Price of Manufacturing Companies listed on the Indonesia Stock Exchange (BEI in 2012. The hypothesis of this study is : There is Influence of Intellectual Capital (IC and Economic Value Added (EVA on Stock Price of Manufacturing Company listed on the Indonesia Stock Exchange (BEI in 2012. The method used is the author of the survey method with a quantitative approach . This study population is the entire manufacturing companies listed on the Stock Exchange in 2012 his sampling technique is random sampling as many as 36 samples .. Correlation Coefficient significance test ( Test A of 0.512 , indicating that there is a middle relationship between IC and EVA on Stock Price. The results of the coefficient of determination ( R2 Test stated that R2 is 0.262 or 26.2% . This shows that the percentage contribution of the effect of independent variables ( IC and EVA on the dependent variable ( stock price of 26.2 % . Or variations of the independent variables used in the model ( IC and EVA are able to explain 26.2% of variation in the dependent variable ( stock price . While the remaining 73.8 % are influenced or explained by other variables not included in this research model .

智慧創作專用權之性質與使用倫理─給原創條例的幾點建議 The Legal Character and Culturally Appropriate Practices of Traditional Indigenous Intellectual Creations—Suggestions for the Protection Act for the Traditional Intellectual Creations of Indigenous Peoples

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林孟玲 Meng-Ling Lin

2015-06-01

Full Text Available 原住民族智慧創作保護條例的制定，對於保護原住民族的傳統智慧創作、文化成果之表達有顯著的貢獻。原創條例雖然立法意旨甚佳，是專門為保護原住民族傳統智慧創作所量身定作之立法，也注意到了原住民族智慧創作有別於著作權之概念，而做出調整。但是條例所用的權利保護概念，卻仍沿用著作權之規定，是美中不足之處。例如：「智慧創作專用權」的內涵仍沿用著作權的權利概念「智慧創作財產權」與「智慧創作人格權」；如果對於智慧創作專用權造成侵害，智慧創作專用權人的救濟管道與著作權受侵害的救濟方式並無二致，包括：排除侵害請求權、請求防止侵害請求權、損害賠償請求權、請求銷毀侵害智慧創作之物。此外，原創條例並未提及使用原住民族之傳統智慧創作時，不能違反原住民族傳統價值等觀念，有如進行關於原住民族的學術研究時，有特別應遵守的研究倫理。本文從智慧創作專用權性質之討論出發，繼而探討智慧創作財產權與智慧創作人格權之內涵。舉例說明基於部落習慣法而來的，智慧創作之使用所應注意之使用倫理後，最後亦根據部落習慣法，闡述現行智慧創作專用權之權利救濟管道妥適性。本文之建議期使原創條例能真正落實其立法目的：保護原住民族傳統智慧創作以及促進原住民族文化發展。 The enactment of the Protection Act for the Traditional Intellectual Creations of Indigenous Peoples makes great contributions to the development and protection of indigenous traditional intellectual creations by adopting indigenous legal concepts suitable to tribal culture. For example, it recognizes collective rights to indigenous creations. Also, it recognizes that the period for legal protection of indigenous traditional intellectual creations as an

"Knowledge Must Become Capability": Institutional Intellectualism as an Agent for Military Transformation

National Research Council Canada - National Science Library

Knott, Steven

2004-01-01

.... Institutional intellectualism is system-sponsored critical thinking that focuses synergistic intellectual capital to effect transformational change and continual renewal within an organization...

Reconciliation of work and care among lone mothers of adults with intellectual disabilities: the role and limits of care capital.

Science.gov (United States)

Chou, Yueh-Ching; Kröger, Teppo

2014-07-01

In this study, the concept of social capital is applied to an exploration of Guanxi (social networking to create good relationships) among working lone mothers of adults with intellectual disabilities (ID) in Taiwan. Using in-depth interviews, this study explores the role of social capital, here referred to as 'care capital', in making it possible for working lone mothers to combine their roles as family carers and workers. Eleven divorced or widowed mothers combining their paid work with long-term care responsibilities were recruited from a survey or through NGOs and were interviewed at their home between October 2008 and July 2010. An interpretative phenomenological approach was adopted for data analysis. The findings revealed that the mothers' care capital was extremely limited and was lost, gained and lost again during their life-cycles of long-term care-giving. Guanxi, especially in relation to their employers, proved to be the sole source of care capital for these mothers, making reconciliation between work and care responsibilities possible. In the absence of formal or informal support, religion and the mother-child relationship seemed also to become a kind of care capital for these lone mothers, helping them to get by with their life-long care responsibilities. For formal social and healthcare services, not just in Taiwan but in every country, it is important to develop support for lone mothers of adults with ID who have long-term care responsibilities and low levels of care capital and thus face care poverty. © 2014 John Wiley & Sons Ltd.

Ethics, Intellectual Capital & Knowledge Management

Directory of Open Access Journals (Sweden)

José Manuel Saíz Álvarez

2012-08-01

Full Text Available Rev.esc.adm.neg Resultado del proceso de globalización económica actual, unido al inicio de la denominada «Primera Crisis Global (PCG, cada vez es mayor la importancia del capital intelectual en las organizaciones, tanto por las ventajas competitivas que genera para la organización, como por permitir que la empresa pueda lograr posiciones de liderazgo sostenible en el tiempo. Dicho capital intelectual se inserta dentro de las organizaciones siguiendo una doble perspectiva basada en la ética y en la gestión del conocimiento. El objetivo de este trabajo es analizar cuáles son las bases que, desde una gestión del conocimiento basado en la ética aplicada a la empresa, permiten construir organizaciones líderes en el mercado global.

Open Access Intellectual Property Systems: A Comparison to Commercial Solutions in Competitive Intelligence

Directory of Open Access Journals (Sweden)

Jan Cerny

2016-07-01

Full Text Available ICT/IS management plays an important role within the framework of innovation management, and one of the key elements of this role is the support of Competitive Intelligence in the context of innovation processes. The strategic information needs of innovation management are also directed towards different kinds of intellectual property (IP information entities and commercialization. The purpose of this paper is to define these entities and IP information systems as an important part of a company’s Competitive Intelligence Unit for competitor analysis and technology trends. The open access IP information systems will be analysed together with commercial solutions.. The aim of this paper is to underline the importance of open access IP systems compared to added value commercial solutions for competitive intelligence purposes for SMEs. The comparison will be carried out using examples of patent searches within a concrete dataset.

The pitfalls of capital budgeting : when costs correlate to oil price. Is the real-options approach superior to traditional valuation?

Energy Technology Data Exchange (ETDEWEB)

Schiozer, R.F. [Getulio Vargas Foundation, Sao Paolo (Brazil). School of Administration de Empresas; Costa Lima, G.A.; Suslick, S.B. [Unicamp, Campinas (Brazil). Center of Petroleum Studies

2007-07-01

Due to increased demand for drilling rigs, specialized labor force and other resources, the costs of exploration, appraisal, development and production have significantly risen over the last five years. The change in costs has mostly been attributed to the increased activity in the oil and gas exploration and production (EP) industry, as a result of the increase in oil prices. It was hypothesized that operating costs in the EP industry were strongly correlated to the price of oil. However, the correlation between prices and costs has traditionally been overlooked in the capital budgeting process. This paper investigated the economic relationship between oil price and the operating costs in the EP industry. It also explored its implications for the capital budgeting process and decision-making. The paper demonstrated the evaluation of projects under traditional net present value (NPV) and real-option approaches. Empirical evidence was also provided on how costs correlated to oil prices. The differences between project valuation when cost-price correlation was taken into account or not was also discussed. Last, findings, conclusions and general implications of the results obtained for the decision-making process were identified. It was concluded that there was a positive correlation between price and operating costs, and that overlooking this relationship would have significant implications on the valuation of investment projects, both using a traditional NPV methodology, which resulted in undervalued projects, and under real option analysis, which resulted in overvaluing projects. 6 refs., 2 tabs., 5 figs.

The pitfalls of capital budgeting : when costs correlate to oil price. Is the real-options approach superior to traditional valuation?

International Nuclear Information System (INIS)

Schiozer, R.F.; Costa Lima, G.A.; Suslick, S.B.

2007-01-01

Due to increased demand for drilling rigs, specialized labor force and other resources, the costs of exploration, appraisal, development and production have significantly risen over the last five years. The change in costs has mostly been attributed to the increased activity in the oil and gas exploration and production (EP) industry, as a result of the increase in oil prices. It was hypothesized that operating costs in the EP industry were strongly correlated to the price of oil. However, the correlation between prices and costs has traditionally been overlooked in the capital budgeting process. This paper investigated the economic relationship between oil price and the operating costs in the EP industry. It also explored its implications for the capital budgeting process and decision-making. The paper demonstrated the evaluation of projects under traditional net present value (NPV) and real-option approaches. Empirical evidence was also provided on how costs correlated to oil prices. The differences between project valuation when cost-price correlation was taken into account or not was also discussed. Last, findings, conclusions and general implications of the results obtained for the decision-making process were identified. It was concluded that there was a positive correlation between price and operating costs, and that overlooking this relationship would have significant implications on the valuation of investment projects, both using a traditional NPV methodology, which resulted in undervalued projects, and under real option analysis, which resulted in overvaluing projects. 6 refs., 2 tabs., 5 figs

Cognitive capitalism: the effect of cognitive ability on wealth, as mediated through scientific achievement and economic freedom.

Science.gov (United States)

Rindermann, Heiner; Thompson, James

2011-06-01

Traditional economic theories stress the relevance of political, institutional, geographic, and historical factors for economic growth. In contrast, human-capital theories suggest that peoples' competences, mediated by technological progress, are the deciding factor in a nation's wealth. Using three large-scale assessments, we calculated cognitive-competence sums for the mean and for upper- and lower-level groups for 90 countries and compared the influence of each group's intellectual ability on gross domestic product. In our cross-national analyses, we applied different statistical methods (path analyses, bootstrapping) and measures developed by different research groups to various country samples and historical periods. Our results underscore the decisive relevance of cognitive ability--particularly of an intellectual class with high cognitive ability and accomplishments in science, technology, engineering, and math--for national wealth. Furthermore, this group's cognitive ability predicts the quality of economic and political institutions, which further determines the economic affluence of the nation. Cognitive resources enable the evolution of capitalism and the rise of wealth.

Membangun Human Capital Melalui Kepemimpinan Dan Komitmen Organisasi

Directory of Open Access Journals (Sweden)

Moh Nasih

2011-04-01

Full Text Available Every company is constructed through two kinds of capital, which is financial capital and intellectual capital. If the company's capital is described as a tree, the human capital, an essential part of intellectual capital, is the resin. Resin allows the tree grows, and only the human capital that enables organizations to grow and develop. Considering the strategic position of human capital, it is a compulsion for a company to develop it. The problem is how to build human capital effectively? This study aimed to identify the factors that determine the development of human capital in an organization. There are 2 (two major factors that hypothetically influence human capital, which is leadership and organizational commitment. Leadership does not directly affect human capital. Leadership influence human capital through organizational commitment. In other words, organizational commitment is an intervening variable for the relationship or the influence of leadership on human capital. This hypothesis is based on a 'fact' that the function of leadership is oriented and intended to obtain or build the commitment of each personnel. Only committed personnel will provide their best for the organization. Only through the best contributions of every personnel, human capital can be built and developed. Leadership is useless if it can not obtain and create commitment. Personnel are useless, no matter how many and how skilfull they are, if they do not contribute the best for the organization. The presence of personnel without their comitment will be the same with their absence; even they may actually be detrimental to the organization.

75 FR 32230 - Solutions Capital I, L.P.; Notice Seeking Exemption Under Section 312 of the Small Business...

Science.gov (United States)

2010-06-07

... working capital and general corporate purposes. The financing is brought within the purview of Sec. 107... SMALL BUSINESS ADMINISTRATION [License No. 03/03-0247] Solutions Capital I, L.P.; Notice Seeking... given that Solutions Capital I, L.P., 1100 Wilson Blvd., Suite 3000, Arlington, VA 22209, a Federal...

Reporting intellectual capital in health care organizations: specifics, lessons learned, and future research perspectives.

Science.gov (United States)

Veltri, Stefania; Bronzetti, Giovanni; Sicoli, Graziella

2011-01-01

This article analyzes the concept of intellectual capital (IC) in the health sector sphere by studying the case of a major nonprofit research organization in this sector, which has for some time been publishing IC reports. In the last few years, health care organizations have been the object of great attention in the implementation and transfer of managerial models and tools; however, there is still a lack of attention paid to the strategic management of IC as a fundamental resource for supporting and enhancing performance improvement dynamics. The main aim of this article is to examine the IC reporting model used by the Center of Molecular Medicine (CMM), a Swedish health organization which is an outstanding benchmark in reporting its IC. We also consider the specifics of IC reporting for health organizations, the lessons learned by analyzing CMM's IC reporting, and future perspectives for research.

Evaluating the intellectual ability of entrepreneurship subjects and managers in market conditions

OpenAIRE

Ibragimov I.

2018-01-01

The article provides an overview of the current methods for evaluating the intellectual capital of the organization, analyzes techniques that allow to assess both the intellectual capital in general and its individual components. The author proves that entrepreneurship currently occupies an important niche in the economy of the state. But the insufficient elaboration of questions in science about the psychological characteristics of entrepreneurs, the fragmented and multifaceted information p...

Agro-energy - A solution for climate or a crisis exit for capital?

International Nuclear Information System (INIS)

Houtart, F.

2009-01-01

Intensive advertisement has presented agro-energy as a solution to the global warming and to the energy crisis. But how will it be possible to replace fossil fuels? It would be surprising that an economic system like capitalism does not try to supply some remedies to a situation that paralyzes it and threatens its own survivor-ship. But are these measures favorable to humanity and susceptible to warrant the future of the Earth? Are we trying to save the mankind and its vital capacities or to preserve capitalism? This book examines the role of energy in the development of humanity and then the degradation of climate and the way that capitalism has treated the problem. It deals with the real conditions of biofuels development, reveals the ecological and social conditions of their production, and denounces the social and natural catastrophes they are leading to. The book ends with a thinking about the economical function of biofuels and on the solutions offered by renewable energy sources. It proposes some changes that reveal the core of the problem: changing our development model. (J.S.)

SOCIAL CAPITAL AND CIVIC PARTICIPATION

Directory of Open Access Journals (Sweden)

Melike ERDOGAN

2010-07-01

Full Text Available The concept of social capital has a long intellectual history in the fie ld of social sciences. In recent years, interest of scholars from sociology, po litical science, economics and public administration is rapidly increasing. The reason for this increasing interest is that it has been aware of the importance of social capital in communities’ administrative, social, economic and political development. In this sense, the concept of social ca pital is an issue to be discussed with solution of current problems of public administration, subjects of governance, civil society, and participation. Social capital has a lot of definitions which are completely different from each other. Common point of these different definitions is that social capital is a resource at both individual and community level. We will use Robert Putnam’s defi nition about social cap ital in this paper. Putnam (1993 defines social capital as “features of social organization, such as trust, norms, and networks that can improve the efficiency of society by facilitating coordinated action”. In his book; Bowling Alone: The Collapse and Revival of the American Community, Putnam describes declining social capital in America. He analyzes relationship between social capital and civic participation and assumes that there is a positive relationship between social capital and civic participation. The paper aims to reveal how there is a relationshi p between social capital and civic participation in Central Florida. We will use “The Central Florida Social Capital Community Benchmark Survey that is made by The Survey Research Labora tory in the Ins titute for Social and Behavior Sciences at the University of Central Florida among central Florida residents. We use notion of civic participation not only as voting but also as concern of politics, volunteering, attending a political meeting, participating in any demonstrations, protests or boycotts, cooperating to solve problems and

INFLUENCE OF TRADITIONAL DANCE TRAINING PROGRAMS ON DYNAMIC BALANCE OF PEOPLE WITH INTELLECTUAL DISABILITY: A SHORT REVIEW

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K. Tsimaras Vasileios

2015-05-01

Full Text Available Traditional dance is gaining popularity as an intervention choice for improving poor balance ability of people with intellectual disability (ID. Balance improvement for individuals with ID through dance provides opportunities for participation in sport activities and promotes independent living. This short review provides in brief research evidence of dynamic balance improvement as measured by means of a balance deck in duration of 30, 45, and 60 sec intervals, highlighting the need to incorporate traditional dance programs in Physical Education (PE lessons applied on participants with ID. Overall, traditional dances provide emotional and cognitive interaction that has a direct positive effect on quality of life and successful motor performance of individuals with ID.

INFLUENCE OF TRADITIONAL DANCE TRAINING PROGRAMS ON DYNAMIC BALANCE OF PEOPLE WITH INTELLECTUAL DISABILITY: A SHORT REVIEW

Directory of Open Access Journals (Sweden)

Vasileios K. Tsimaras

2015-04-01

Full Text Available Traditional dance is gaining popularity as an intervention choice for improving poor balance ability of people with intellectual disability (ID. Balance improvement for individuals with ID through dance provides opportunities for participation in sport activities and promotes independent living. This short review provides in brief research evidence of dynamic balance improvement as measured by means of a balance deck in duration of 30, 45, and 60 sec intervals, highlighting the need to incorporate traditional dance programs in Physical Education (PE lessons applied on participants with ID. Overall, traditional dances provide emotional and cognitive interaction that has a direct positive effect on quality of life and successful motor performance of individuals with ID.

Bilgi Çağında Yeni Hazine: Entelektüel Sermaye ile Rekabeti Yakalamak / The New Treasure: Becoming more Competitive with Intellectual Capital

Directory of Open Access Journals (Sweden)

A. Semih İşevi

2005-10-01

Full Text Available The competitive superiority of companies in today’s so-called “knowledge era” depends on how they manage their “intellectual capital” rather than their financial and material sources. During the industrial age, which started with the invention of steam engine, the importance was attributed to the existence of factors labour and capital. Capital was composed of the machines, real estates etc. and the stocks and bonds that would be used to buy these. The products like cars that are real objects were being produced by the actual sources like land, raw materials, machines and tools. The main affluent sources were basing upon materialistic concepts, and consequently main strategies were being focused on the productivity

Human Capital Accumulation: The Role of Human Resource Development.

Science.gov (United States)

Garavan, Thomas N.; Morley, Michael; Gunnigle, Patrick; Collins, Eammon

2001-01-01

Presents definitions of intellectual and human capital. Examines human capital from the individual perspective (employability, performance, career development) and organization perspective (investment, ownership, knowledge management). Reviews papers in the theme issue. (Contains 117 references.) (SK)

Attitudes towards People with Disabilities--What Do People with Intellectual Disabilities Have to Say?

Science.gov (United States)

Corr McEvoy, Sandra; Keenan, Emer

2014-01-01

Attitudes towards people with intellectual disabilities have traditionally been very negative, resulting in people with intellectual disabilities being treated badly by other. This claim was explored by conducting focus groups with adults who have an intellectual disability to find out about their everyday experiences in different places and using…

A Systems Engineering Approach to Address Human Capital Management Issues in the Shipbuilding Industry

National Research Council Canada - National Science Library

Todd, Hal M; Parten, Douglas S

2008-01-01

.... This study investigated current DoD Human Capital Management (HCM) strategies for attracting, developing, retaining, and managing competencies and intellectual resources for science and engineering talent within the shipbuilding industry...

77 FR 11618 - Solutions Capital I, L.P.; Notice Seeking Exemption Under the Small Business Investment Act...

Science.gov (United States)

2012-02-27

... SMALL BUSINESS ADMINISTRATION [License No. 03/03-0247] Solutions Capital I, L.P.; Notice Seeking Exemption Under the Small Business Investment Act, Conflicts of Interest Notice is hereby given that Solutions Capital I, L.P., 1100 Wilson Blvd., Suite 3000, Arlington, VA 22209, a Federal Licensee under the...

Tribal Archives, Traditional Knowledge, and Local Contexts: Why the “s” Matters

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Kimberly Christen

2015-01-01

Full Text Available In this article I examine the landscape of tribal or Indigenous archival management as it relates to digital assets and, more specifically, how these might help us reimagine the intellectual property needs of local, traditional, and indigenous communities, libraries, archives, and museums as they seek to manage, preserve, and reuse their digital cultural heritage. The colonial collecting project was a destructive mechanism by which Native materials were unhinged from their local places and knowledge and at the same time used as markers of Native erasure. As part of a practical solution to contemporary intellectual property dilemmas faced by Indigenous peoples globally due in large part to the residue of the colonial landscape, I will introduce the Local Contexts project and the Traditional Knowledge License and Label platform (www.localcontexts.org as one intervention into the sometimes-confusing arena of Indigenous intellectual property rights and the digital commons.

The Institutional Paradigm of Human Capital Development

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Kolomiiets Viktoriia М.

2018-03-01

Full Text Available The formation of the modern conception of human capital is connected with the development of post-industrial information society, knowledge economy and digital economy. The main role in analyzing of the content and role of human capital can play a new institutional economic theory. It is determined that the methodology of research of paradigm change in economic science remains the subject of discussion. The conception of institutional paradigm of human capital development can be attributed to the new economy, the development of which is carried out on the condition that the employee is not always alienated from the relationships of ownership: he himself becomes the owner of the «new» economic resources. The factors of education along with the factors of health care which are determining in the development of human capital are researched. Special attention is paid to education, as it acts as an intellectual capital of the new economy, where knowledge and skills become the «intellectual 5D printer», producing the modern human capital. The transition to a new, post-industrial economy is characterized by a major long-term tendency: the progress of knowledge and the increasing complexity of the socio-economic life; created by powerful factors of information and computer technologies and leading to expansion of global economic space.

INTELLECTUAL CAPITAL TERHADAP KINERJA KEUANGAN PERUSAHAAN PUBLIK DI INDONESIA

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Indra Suyoto Kurniawan

2017-03-01

Full Text Available The purpose of this study was to examine the relationship between the efficiency of the value added to thecompany’s resources in the main components (physical capital, human capital, structural capital and researchersare trying to add the market value of the three dimensions of a company’s financial performance isROA, ATO, and GR. The data is taken from the 44 public companies engaged in non financial sector for 3 years(2009-2011. This study is an empirical study using PLS as a data analysis tool. The findings of this studysuggest that having an IC on the financial performance of the company, the IC also has a positive effect on thefinancial performance of companies in the future. While the rate of growth for the company IC (ROGIC within3 years of observation there is a difference, where to ROGIC2009-2010 does not affect the financial performance in2010, ROGIC2010-2011 positive effect on the financial performance for the year 2011. The findings suggest thathuman capital (VAHU and physical capital (VACA is an indicator of a positive effect IC for two years ofobservation, while the capital structure (STVA has a positive effect only in 2010 while the market value (MVeffect only in 2011. While the ROA and the ATO as an indicator of financial performance consistent effect forthree years of observation. And for the year 2010 was significant for all indicators either IC or financialperformance.

The bioethicist as public intellectual.

Science.gov (United States)

Parsi, Kayhan P; Geraghty, Karen E

2004-01-01

Public intellectuals have long played a role in American culture, filling the gap between the academic elite and the educated public. According to some commentators, the role of the public intellectual has undergone a steady decline for the past several decades, being replaced by the academic expert. The most notable cause of this decline has been both the growth of the academy in the twentieth century,which has served to concentrate intellectual activity within its confines, and the changing nature of the media, which has framed the way in which information is conveyed to the public. We argue that although bioethics has developed primarily within the academic tradition and utilized the role of expert when dealing with the public, bioethicists are well suited to don the mantle of the public intellectual. Indeed, because they address issues in medicine and science of great relevance for the general public, bioethicists have a duty to revitalize the tradition of public intellectuals as a necessary complement to the important, but narrower role of the expert.

[Competencies of the nurse in the management of cognitive and capital knowledge].

Science.gov (United States)

Ruthes, Rosa Maria; Cunha, Isabel Cristina Kowal Olm

2009-01-01

The article presents a review of nurse's management competencies and the practical management of knowledge and the human capital and the applicability of the management for competencies. Globalization and competitiveness makes health organizations to search adaptative forms to the transformations of the management. For the nurse it is expected to consider solutions nursing team related to health organizations problems. The management of the intellectual capital must take care that the personnel is applying the knowing in benefit of the organization and the professional growth. If it will not have necessary competences for generalized application of knowledge, this is useless. The nurses must be prepared to evaluate technological, organizational and human resources and to develop competencies, knowledge, abilities, attitudes, and values to plan, to organize, to direct, to control the knowledge in the organizations.

Austrian Economics - The Ultimate Achievement of an Intellectual Journey

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Pascal Salin

2009-01-01

Full Text Available In this lecture delivered November 2008 on the occasion of the presentation of the Mises Institute’s Gary G. Schlarbaum Prize for lifetime achievement in the cause of liberty, Professor Salin discusses his discovery of Austrian economics and his involvement in “the world of individual liberty,” and draws various lessons from his intellectual journey. The coherence of Austrian economics appealed to Salin—it is not a patchwork of partial theories, but a logical process of thought founded on realistic assumptions about individual action. Salin also discusses differences between the Chicago and Austrian approaches, and his views about monetary systems.The financial crisis beginning in late 2008 is not a crisis of capitalism, but of state intervention, caused by the expansionary monetary policy of the Fed. Capitalism is the solution, not the cause. There is no need to create money. There is never any balance of payments problem. What is required is tax systems more friendly to capital accumulation, a decrease in the role of the state, the end of monetary policy and, if possible, the disappearing of central banks and the IMF.

Intangible Capital and Productivity at the Firm Level: A Panel Data Assessment

NARCIS (Netherlands)

Bontempi, M.E.; Mairesse, J.

2015-01-01

The econometric literature on measuring returns on intangible capital is vast, but we still know little about the effects on productivity of different types of intellectual capital (R&D and patents) and customer capital (trademarks and advertising). The aim of this paper is to estimate the marginal

Homicide Defendants with Intellectual Disabilities: Issues in Diagnosis in Capital Cases

Science.gov (United States)

Greenspan, Stephen

2011-01-01

This article explores the many issues involved in establishing the diagnosis of intellectual disability in a so-called Atkins (death penalty exemption) hearing. Among the issues addressed are the need to go beyond IQ scores in establishing intellectual deficits, the need to go beyond rating scores in establishing adaptive behavior deficits, the…

COMPARING EXPERIENCES IN REPORTING INTELLECTUAL CAPITAL IN UNIVERSITIES

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Silvestri Antonella

2011-12-01

Full Text Available The paper focuses on the intellectual capital (IC report in universities, a relevant theme actually for the growing interest in applying an IC approach in managing universities. The paper compares the experiences in reporting IC of two different university institutions, the Autonomous University of Madrid (UAM and the Austrian Universities, to highlight pros and cons of the two different IC models employed. In order to compare these two experiences, firstly we analyzed, through a literature review, the state-of-the-art in measuring and reporting IC, then we focus on the IC measurement models used as framework by the two institution, finally we turned our attention to the IC reports issued by the two universities. Both experiences presented refer to advanced IC measurement models, but both suffer of some limits in applying the models in practice. Like all measurement and management systems that deal with knowledge-based processes, Austrian and UAM's IC reports face the methodological problems of measuring non-physical processes and outputs. In detail, Austrian IC reports lack of qualitative indicators, UAM's IC report lacks of efficiency-related and activities-related indicators.The main research limit is that the theoretical comparison has been carried out on two experiences, due to the lack of awareness of IC relevance in managing universities. The establishment of an ad hoc IC measurement model for universities could have both internal and external benefits. As regards the policy implications, Government, ranking universities by their IC, can get information about their strengths and weaknesses and using it to reallocate resources. This study contributes to broaden the research community'aas understanding about a relevant management (internal and communication (external universities tool, the IC report, through the examination of two real life European universities experiences in disclosing intangibles. To the best of our knowledge, this is

'Justice Be Our Shield and Defender': An Intellectual Property Rights ...

African Journals Online (AJOL)

Protecting intellectual property rights has become essential in encouraging cutting-edge scholarship that advances the frontiers of knowledge. For a long time, the majority of Africa's intelligentsia has worked in local and international environments that have exploited the continent's intellectual capital. Even in contexts where ...

The impact of structural capital on the firm Innovativeness, the Galician Northern Portugal automotive industries reality

OpenAIRE

Helena Santos-Rodrigues; Pedro Figueroa; Carlos Maria Jardon

2011-01-01

The intellectual capital is increasingly considered a major issue on the management and organization research and a source of competitive advantage. Although there are different models and approaches that try to identify the effect of intellectual capital on firm performance, there's, also a lack of evidence and consensus. Based on that evidence, this paper focuses on the influence of the structural capital on the product- process and management innovativeness of the firm. A global model incl...

Limited Capital Market Participation and Human Capital Risk

OpenAIRE

Jonathan Berk; Johan Walden

2010-01-01

The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents' portfolio holdings. In this paper we argue that the opposite might be true --- traditional models might not be able to explain agent portfolio holdings because they do not explicitly account for the fact that human capital does trade (in the form of labor contracts). We derive wages endogenously as part of a dynamic equilibrium in a production economy. Risk is shared in l...

Influence of traditional dance training programs on dynamic balance of people with intellectual disability: a short review

OpenAIRE

Vasileios, K.

2015-01-01

Traditional dance is gaining popularity as an intervention choice for improving poor balance ability of people with intellectual disability (ID). Balance improvement for individuals with ID through dance provides opportunities for participation in sport activities and promotes independent living. This short review provides in brief research evidence of dynamic balance improvement as measured by means of a balance deck in duration of 30, 45, and 60 sec intervals, highlighting the need to incor...

The Influence of Relational Capital on Product Innovation Performance at Innovative SMEs

OpenAIRE

Dorrego, Pedro Figueroa; Costa, Ricardo; Fernández, Carlos Fernández-Jardon

2013-01-01

The authors build on the intellectual capital and new product development perspectives to study the influence of relational capital on product innovation performance. An empirical research was conducted, using a questionnaire administered to Portuguese innovative SMEs. The results suggest that relational capital does have a positive effect on product innovation performance. In particular, ”Vertical relationships” stands out as the main relational capital element significantly affecting produ...

Decomposition of Factors and Criteria for Evaluating the Process of Intellectualization of Enterprise Management Systems

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Kuzmin Oleh Ye.

2017-03-01

Full Text Available The article presents the author’s vision of solving the scientific problem of determining factors of influence and forming criteria for evaluating the process of intellectualization of enterprise management systems. It is found that diagnostic evaluation of the process of intellectualization of enterprise management systems depends on the influence of factors of the internal environment of the management systems, personal motivation factors, and the external environment. There carried out decomposition of the process of intellectualization of management systems into separate constituents and group criteria for diagnosing and their detailed indicators are selected. The basic group criteria for evaluating the process of intellectualization of management systems include: knowledge potential of carriers of intelligence; human capital; intellectual competence level of the management personnel; motivation of carriers of intelligence; state of the management development; scientific and research potential; development of information and communication technologies; intellectual and economic activity; formation of intellectual capital; institutional development of the management system, formation of knowledge and innovation prospects; complexity of the intellectualization process.

Groups for Parents with Intellectual Disabilities: A Qualitative Analysis of Experiences

Science.gov (United States)

Gustavsson, Marie; Starke, Mikaela

2017-01-01

Background: Parents with intellectual disabilities (IDs) are often socially isolated and need support. Materials and Methods: This qualitative study is based on participant observations of a group for parents with with intellectual disabilities. Data were categorized and interpreted in the framework of social capital and symbolic interactionism.…

Effects of intellectual capital and knowledge management on Thai food industry organizational performance: A conceptual perspective

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Pimsara Yaklai

2017-01-01

Full Text Available Due to rising urbanization and an expanding middle class, Thailand will rely more on processed foods. This is combined with a 22% export market to other Southeast Asian nations, as well as China and Japan. With an abundance of natural resources combined with significant investments in technology, food safety, R&D, and more efforts at adhering to international quality standards, Thailand has become the ‘Kitchen of the World’, becoming the largest sole net food exporter in Asia. Therefore, the researchers aspire to develop a structural equation model of factors affecting intellectual capital and knowledge management on the Thai food industry organizational performance using both quantitative and qualitative research methods. Questionnaires using a 7-point Likert scale are to be analysed using SEM techniques, with focus being given to financial performance, internal processes and learning and growth and their contributions in enhancing the industry’s global competitiveness and sustainability.

FROM SOCIAL CAPITAL TO FIRMS NETWORKS: SOME EVIDENCE FOR EUROPE

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perrucci antonella

2012-12-01

Full Text Available The concept of development is not only referred to the level or to the growth rate of GDP of a country, but it concerns different aspects of individual and social life. Development leads to a changing of values, culture, behaviours and attitudes of people interested in it. That is to say that not only quantitative dimensions, but also qualitative ones became relevant in fostering development trajectories. Reasoning in these general terms a long and rich intellectual debate grow up in social sciences within which we focused the social capital and firm network debate. Social capital is a multidimensional determinant at base of the industrial district framework as the “network capital” represent a driver of firm’s network framework. By moving from social capital, as a local development driver, to network capital, as a global development driver, the present paper analyzes the firms’ networks determinants by identifying the conditions for some European countries. The methodology through which the results are obtained is the multidimensional scaling method which allows to define relations between countries in terms of proximity/distance with respect to the considered determinants providing a spatial representation of them.

CREATIVE HUMEN CAPITAL AS THE FACTOR OF DEVELOPMENT OF INNOVATIVE ECONOMY

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Posnova T.

2018-03-01

behalf of career, professional promotion, ability to do work which is interesting; an unwillingness to belong to formal organizations, to remain free – lancer, a free hunter; high self-esteem qualities about personal demand at the market of labor that assists in active displacement in search for workplace. Creativity (creative skills, creative activity and creative approach is ability to generate unusual ideas, refuse from the traditional ways of thinking, quickly and effectively to carry out an intellectual breakthrough in the process of coping with problem situations. To the most well-known forms of creativity display belong: innovations that bring fundamentally new ideas; inventions which are creation anything new, unknown before; discoveries – something that is set again, invented. By creative economy we mean the complex of socio-economic relations, which rise concerning the production, distribution, exchange and consumptions, which are based on non-standard, unconventional, uncopiable ideas, concepts and strategies, events that provide the effective solution to socio-economic problems on the basis of new knowledge and fundamentally new decisions. Basic factors, which determine creativity of a human capital, are from one side, such personal qualities such as mobility, ingenuity, constructiveness etc. On the other hand are life experience and individual knowledge of personality in the specific field. One of basic roles in the process of development of creative human capital plays the direct investment in education (studies and professional preparation and retraining of cadres, in medicine, scientific and technical progress and innovations, mobility of human resources. Conclusions. The article makes recommendations for the development of new theoretical and practical methods and approaches to stimulate rational and efficient use of creative and intellectual capital as the main factor of formation of innovative economy. In particular, the establishment of special

Competing Hegemonic Projects within China's Variegated Capitalism

DEFF Research Database (Denmark)

Mulvad, Andreas Christian Møller

2014-01-01

This article investigates the variegated model of capitalism emerging in China through a comparative analysis of two contrasting local government approaches developed in Chongqing and Guangdong. From 2007 to 2012, elite politicians and intellectuals articulated the Chongqing and Guangdong models...... of his Guangdong counterpart Wang Yang. Future studies should expand upon the key theoretical insight of the paper: that the emergent variegated capitalism approach to political–economic analysis needs a stronger ideational component....

大學智慧資本與研究商業化績效之研究 A Study of Intellectual Capital and Research Commercialization Performance in Universities

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楊宜興 Phil Yihsing Yang

2015-06-01

Full Text Available 因應知識經濟時代強調創新與創業，且政府研究經費成長有限，大學逐漸調整其結構與功能，並將學術研究成果導引為產業界創新來源。本論文探討自《科技基本法》實施之後，大學在累積智慧資本的各種投入（包含人力資本、結構資本及關係資本）對於研究商業化產出的影響。本研究調查符合條件之122所大學，經由郵寄問卷予各校研發處處長，有效回收問卷為64份。實證結果顯示，臺灣的大學智慧資本累積主要來自人力資本、結構資本與關係資本。其中，人力資本為大學智慧資本中最重要的構面，對於強化專利獲得、技術移轉及創業活動皆有幫助，而結構資本與關係資本則對專利獲得、技術移轉及創業育成活動有不同程度的影響。大學具有發展基礎科學與應用發展之能力，若能導向其朝向兼具學術卓越與研究商業化之機構，將能對社會產生更大的貢獻。本論文進一步探討這些結果對於大學管理階層與政府決策制定者的管理與政策意涵。 Responding to the emphasis of innovation and entrepreneurship in the knowledge based economy, and the limited growth of governmental research expenditure, the higher education institutions (HEIs are changing their structures and functions, and becoming the key actors to facilitate knowledge flows into the sources of industrial innovation. This paper constructs the accumulation of intellectual capital in terms of human capital, structural capital, and relationship capital, and investigates the impacts on research commercialization performance. Through a post questionnaire survey of R&D administers of 122 HEIs in Taiwan, a dataset of 64 valid HEIs is collected. The empirical results verify that human capital as the key dimension in fostering intellectual capital, stimulating the growth of patent grants, technology transfers, as well as

The Economic Value of Human Capital

OpenAIRE

Gulie Alexandra Emanuela

2012-01-01

The human factor created by physical work and/or intellectual property of all existing material, is unequivocally active value of any work, ie human capital translates into different activities, specialized or not, it creates these individuals. History of the term human capital has experienced over time a series of ups and downs, as agreed or rejected by academia and the political class. Although known affirmation and its conceptual structure only after the seventh decade of the twentieth cen...

ITC SOLUTIONS TO ACHIEVE PERFORMANCE AND EFFICIENCY OF HEALTH SERVICES: ONLINE VIRTUAL CLINIC

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Adina BĂLAN

2010-01-01

Full Text Available The digital era modified the way people work, how the information and the informational resources are defined and organized. The organization which holds, uses and correctly reproduces the piece of information, the knowledge, the intellectual capital, becomes a leader in the proper field of activity. Following the actual tendencies in the digital era connected to the exchange of professional information, I can say that the exchange and sharing of digital information in a global multitude of interconnected computers are essential instruments that can contribute to the development and consolidation of the intellectual potential of the organization. This is why, the access of the individuals to information is an actual requirement of the development of the Romanian society in the context of globalization and world implication o contemporary processes and phenomena. The Digital integration eliminates the barriers that traditionally suppress the circuit of the medical information, lets the goods and services circulate to and from Romania by promoting efficiency as final purpose. Performance is needed in the health system, the transformation of the system of medical services by bringing the benefits of the medical science and technology to all individuals from every community. In order to accomplish these expectations it is needed that all the components that form the health system look at it as a whole and subscribe to modern solutions for improvement so that the quality of health should raise to an unprecedented level. Even if health systems differ from country to country from the organizational and financial point of view, they face the same challenges and problems, respectively the supply of medical care of better quality and keeping under control the health expenses. The use of information and communication technology in the field of medical assistance in order to stock, share, transmit and analyze clinical data and knowledge is more necessary

Spiritual Capital: Novelty and Tradition

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Magdalena Bosch

2015-04-01

Full Text Available The article analyzes the most relevant versions of spiritual capital, the aspects they share, and the way in which some of them are linked to religion while others are not. It describes the multidimensional nature of the notion, which leads to a theory of profound motivation that is strongly rooted in the person. This intrinsic dimensión of motivation proves to be decisive for ethical theories of virtue inspired in Aristotle, which emphasize the internal aspect of behavior.

A capital investment: The effects of teacher human and social capital on student achievement in improving schools

NARCIS (Netherlands)

Daly, A.J.; Daly, Alan J.; Moolenaar, Nienke; Der-Martirosian, Claudia; Canrinus, Esther T.; Chrispeels, Janet H.

2011-01-01

s accountability policy presses for higher student achievement, elementary schools across the nation are enacting a host of reform efforts with varied outcomes. Mounting evidence suggests reforms that support greater collaboration among teachers may enhance the intellectual capital available in a

USE OF APPARATUS OF HYBRID NEURAL NETWORKS FOR EVALUATION OF AN INTELLECTUAL COMPONENT OF THE ENERGY-SAVING POLICY OF THE ENTERPRISE

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Vyacheslav Dzhedzhula

2018-01-01

Full Text Available Intellectual capital has a significant impact on the energy-saving policy, which is an indicator of levels of competitiveness and efficiency of the enterprise. Making decisions on improving the efficiency of energy-saving policies of the enterprise through intellectual capital can be carried out by assessing qualitative, quantitative, and binary parameters of the state of the investigated object. Researchers on energy saving issues are scientists such as A.M. Asaul, O.I. Amosha, V.M. Heiets, Yu.V. Dziadykevych, V.V. Stadnyk, V. Parkhovnyk, R. Toud. Issues related to the definition of the essence of innovation were investigated by O.F. Androsova, T.P. Bubenko, M.P. Voinarenko, V.M. Heiets, G. Mensch, M. Kaletski, S.V. Phillippova, J. Schumpeter, A.V. Cherep. Issues of intellectual capital management were considered in the works of L. Antoniuk, S.V. Zakharinko, A. Kendiukhov, G.R. Natroshvili, V. Tsipuryndа, L. Fedulova. The issue of evaluating the intellectual component of the energy-saving policy, in particular, with the help of the apparatus of hybrid neural networks, remains poorly developed. The purpose of the paper is the determination of factors of intellectual capital that influence the energy-saving policy, the formation of a mathematical model based on the theory of hybrid neural networks to determine the indicator of the intellectual component of the energysaving policy of the enterprise. Methodology. Using the theory of hybrid neural networks, a mathematical model has been formed and the simulation has been carried out to determine the indicator of the intellectual component of the energy-saving policy of the enterprise. Results. The factors influencing the value of this indicator have been determined as linguistic variables. A mathematical model has been formed and the simulation has been carried out to determine the indicator of the intellectual component of the energy-saving policy of the enterprise. Practical implications. If it

The human capital crisis in orthodontics.

Science.gov (United States)

Ackerman, Marc Bernard

2012-01-01

The economics of dental practice are changing. The author reflects on the loss of a long-term, highly effective, and dedicated assistant in an orthodontic practice. Changes in technology, numbers of dentists, expected benefit levels, and a competitive workplace environment are combining to put pressures on the traditional model of oral health care. Whatever the solution turns out to be, the profession should take the lead in actively developing alternatives, and these will necessarily involve development of human capital in the dental practice.

Internet’s Affects on the Human and Communicational Capitals of the Faculty Members and the PhD and MA Students in Universities

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Mahdi Montazerghaem

2009-02-01

Full Text Available Internet and other modern communication technologies have affected all aspects of the gathering, combining, and transforming knowledge, especially in scientific-educational and research organizations. These processes are parts of the whole intellectual capital in any organization. Intellectual capital is the hidden and intangible property which is oriented toward organizational goals. In the present study, I attempt to reflect on the affects internet has on some particular dimensions of intellectual capital, namely the human and the communicational, in Iran’s universities. According to the theoretical basis, it is shown that internet usage is an important factor in developing organizational intellectual capital (here, in the universities. Results show that human and communicational capitals are differently distributed in various universities. On the other hand, internet accessibility and consumption (type and quantity, as the independent variables of the study, have meaningful affects on human and communicational capitals in all universities. Furthermore, it is noteworthy to say that there are some other factors, as the ranking of the university, department, educational level (for students, and degree (for faculty members, and gender, which intervene in the process. Results show that internet usage, besides other factors as age, gender, marital status, could guide in explanation of the human and communicational capitals’ changes in the universities.

Exploring Multidimensional View of Intellectual Capital and Business Ethics on Organizational Performance by Using Bootstrapping Method: Evidence from Pakistani Pharmaceutical Industry

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Rizwan Raheem Ahmed

2017-03-01

Full Text Available The objective of this research is to examine the effect of business ethics (BE and intellectual capital (IC on the organizational performance (OP. In order to run this study, a conceptual model was designed based on the literature review, and the employees of the knowledge-based organization in pharmaceutical sector were surveyed using a closed-ended questionnaire. Modern successful and thriving organizations are those that create IC and convert it into applicable methods to improve their activities and performance within the boundaries of BE. This research is exploratory and quantitative in nature: 400 responses were directly gathered from the employees of the pharmaceutical industry through five-scaled questionnaire. This research examined the direct and indirect effect of BE and IC on the OP. Structural equation modeling (SEM, descriptive statistics, correlation, multiple regression techniques were used to analyze the impact of IC and BE on the performance. Bootstrapping method is employed in order to test the mediating effect of variables. Two-step SEM was used to the models to regress the cause and effect relation. The findings depicted that there is a very significant effect on BE and IC in the performance of pharmaceutical organizations. General BE, ethics in finance, ethics in human resource management, and ethics in sales and marketing have direct and significant impact on the OP. Human capital, structural capital and relational capital have significant indirect (mediating effect on the performance of the pharmaceutical industry. Finally, it has been concluded from the results of the research study that IC is the major contributor of the OP as a mediating variable with defined set of principles of BE in the pharmaceutical sector of Pakistan.

Modelos de Capital Intelectual y sus indicadores en la universidad pública Models of intellectual capital and indicators in the public university

Directory of Open Access Journals (Sweden)

José J. González Millán

2010-06-01

Full Text Available En el marco de la gestión del conocimiento se encuentra inmerso un aspecto de alta relevancia, no solo contable, sino también productivo y competitivo, el cual es denominado hoy día Capital Intelectual (C.I, se identificara con esta abreviatura. Dicho elemento ha traspasado la barrera de lo financiero para convertirse en una herramienta altamente utilizada en el medio empresarial y académico de las organizaciones modernas. El presente documento hace un recuento, mediante un constructo teórico y bibliográfico de las definiciones y modelos más conocidos sobre el tema, por medio de la síntesis, la compilación y la recopilación documental, para establecer algunos indicadores relevantes en la función de la universidad pública colombiana y, de esta forma, plantear un avance en el diseño de indicadores de gestión en la función social de la educación de tercer ciclo o superior, como es llamada en la sociedad.In the context of knowledge management is immersed a highly relevant aspect, not just accounting, but also productive and competitive, which is today called Intellectual Capital (IC. This item has crossed the barrier of finance to become a valuable tool used in business and academic environment of modern organizations. This document recounts, through a theoretical construct and bibliography of the definitions and known models on the subject, through synthesis, compilation and documentary collection, ultimately establishing relevant indicators on the role of public universities Colombian and, thus, by outlining a step in the design of performance indicators in the social role of postgraduate education or higher, as it is called in our society.

Safety Capital: The Management of Organizational Knowledge on Occupational Health and Safety

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Nunez, Imanol; Villanueva, Mikel

2011-01-01

Purpose: The concept of Safety Capital was developed by analyzing the creation and composition of the Intellectual Capital embedded in Occupational Health and Safety (OHS) systems. The paper aims to address this relationship. Design/methodology/approach: By drawing a theoretical link for the relationship between OHS activities and intellectual…

Using Patents to Protect Traditional Knowledge on the Medicinal Uses of Plants in South Africa

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Emeka Polycarp Amechi

2015-06-01

Full Text Available The movement towards the protection of traditional knowledge particularly on the medicinal uses of plants (TKMUP in South Africa reflects a global albeit belated interest in the protection of traditional knowledge associated with biological resources. Hence, it was not surprising South Africa like most developing nation, sought in response to instances of the misappropriation of its TKMUP and other TK associated with its biological resources, to provide a measure of protection for such knowledge using the intellectual property (IP system. This is evident in the adoption of the Policy Framework for the Protection of Indigenous Knowledge through the Intellectual Property System in 2008 which identified patent as one of the major IP tools in the protection of the TK. The Policy Framework represents a paradigmatic shift from South Africa’s earlier sceptical and dialectical approach to, and experience with the IP system in context of TK. This paper therefore examines the benefits and challenges involved in using the patent system in the protection of TK particularly those relating to the medicinal uses of plants (TKMUP. Such examination became necessary as South Africa’s natural capital of biological diversity, together with its wealth of indigenous TK, has been recognised as an important resource base for promoting economic growth through biological innovations under the recently adopted Bio-economy Strategy. It finds that patents offer a great potential in not only protecting TKMUP from misappropriation, but also in promoting the commercialisation of innovative TKMUP or inventions based on or derived from TKMUP in South Africa. However, this can only be possible if the challenges identified in this paper can be successfully navigated.

ACCOUNTING CHALLENGES – CAPITALIZING HUMAN VALUE

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Alexandra CIOCLOV (PETCU

2015-04-01

Full Text Available Assessing the performance of business organisations has been a priority for all stakeholders, and this is the reason accounting has continuously evolved to better assist investors in their decision-making process. However, given the increasing importance of the service industry, the focus in evaluating business performance is also on employees’ performance and employee-centred organisational policies that would further stimulate the knowledge-production at the firms’ level. As many accounting professionals have already understood, accounting faces the challenge of a continuous adaption to the necessities of the business environment, thus admitting that it should provide the grounds for a sustainable and generalizable methodology for intellectual and, more particularly, human capital recognition. This paper offers a literature review on intellectual capital management and reporting, leaving room for the debate upon the choice of instruments that would ensure an accurate presentation employees’ added-value to organisational performance. It also presents a schematic approach to further develop the subject, describing the proposed methodology for further in-depth research.

Prioritizing the Relative Dominance of Drivers for Intellectual Entrepreneuring Through the Tertiary Knowledge Industry.

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Jonathan N. Agwe

2008-01-01

Full Text Available The knowledge industry is becoming the dominant contributor to sustainable growth. It is causing a paradigm drift towards knowledge capitalization for improvement of productivity-driven competition to attain better economic performance, wealth generation, and development. Research has identified an “intellectual entrepreneurial capacity gap” as the constraint to attaining equity between developed and developing economies. The gap is fuelling the growing technological innovation divide – the widening boundary between developed and developing economies. As a contribution to reducing the gap, this paper presents a conceptual framework of drivers for intellectual entrepreneurial capacity in knowledge capitalization for technological and economic leapfrogging in development.

Comparative study of presurgical hand hygiene with hydroalcoholic solution versus traditional presurgical hand hygiene.

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López Martín, M Beatriz; Erice Calvo-Sotelo, Alejo

To compare presurgical hand hygiene with hydroalcoholic solution following the WHO protocol with traditional presurgical hand hygiene. Cultures of the hands of surgeons and surgical nurses were performed before and after presurgical hand hygiene and after removing gloves at the end of surgery. Cultures were done in 2different days: the first day after traditional presurgical hand hygiene, and the second day after presurgical hand hygiene with hydroalcoholic solution following the WHO protocol. The duration of the traditional hand hygiene was measured and compared with the duration (3min) of the WHO protocol. The cost of the products used in the traditional technique was compared with the cost of the hydroalcoholic solution used. The variability of the traditional technique was determined by observation. Following presurgical hand hygiene with hydroalcoholic solution, colony-forming units (CFU) were detected in 5 (7.3%) subjects, whereas after traditional presurgical hand hygiene CFU were detected in 14 subjects (20.5%) (p < 0.05). After glove removal, the numbers of CFU were similar. The time employed in hand hygiene with hydroalcoholic solution (3min) was inferior to the time employed in the traditional technique (p < 0.05), its cost was less than half, and there was no variability. Compared with other techniques, presurgical hand hygiene with hydroalcoholic solution significantly decreases CFU, has similar latency time, a lower cost, and saves time. Copyright © 2017 Elsevier España, S.L.U. All rights reserved.

Influência do capital intelectual na avaliação de desempenho aplicada ao setor hospitalar The influence of intellectual capital in performance evaluation: a case-study in the hospital sector

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Carlos Alberto Grespan Bonacim

2010-06-01

Full Text Available Este estudo contribui com a adaptação, para as entidades públicas, de uma ferramenta de avaliação de desempenho sedimentada nas empresas privadas. O objetivo é demonstrar como pode ser mensurado o impacto da atividade de ensino no valor econômico agregado por um hospital universitário público à sociedade. Para tanto, o texto foi dividido em quatro partes, além dos aspectos introdutórios, metodológicos e das considerações finais. Inicialmente, será contextualizado o setor hospitalar, mais especificamente os hospitais universitários públicos. Logo após, serão apresentadas as definições, a natureza e mensuração do capital intelectual, seguidas da demonstração dos principais modelos avaliação de desempenho econômico. Finalmente, será apresentado um modelo adaptado, sob o enfoque da gestão baseada no valor, propondo ajuste nos indicadores de retorno e do respectivo investimento, demonstrando os impactos da gestão do capital intelectual e da atividade de ensino no resultado econômico de tais instituições. O estudo foi elaborado por intermédio de uma metodologia consubstanciada em uma pesquisa bibliográfica, sob o prisma do método de procedimento comparativo descritivo. Ressalta-se, por fim, a importância da prestação de contas para a sociedade quanto ao uso do recurso público.This paper contributes to public institutions with the adaptation of a performance evaluation tool based on private companies. The objective is to demonstrate how the impact of an educational activity might be measured in the economic value added for the society of a public university hospital. The paper was divided in four parts, despite the introductory and methodological aspects and the final remarks. First, the hospital sector is explained, specifically in the context of the public university hospitals. Then, the definitions, the nature and measure of the intellectual capital are presented, followed by the disclosure of the main

Structural capital management creates sustainable competitiveness and prolonged first-mover advantage

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C. R. Van Zyl

2005-12-01

Full Text Available Structural (SC capital is part of the intellectual capital that is owned by an organisation and its efficient and dedicated management is essential for the creation of shareholder value, sustainable competitive advantage, and prolonged first-mover advantage. SC consists of three types of capital, namely: innovation, organisational and process capital. Organisational capital consists of organisational culture, management philosophies etc. and has received a large amount of management attention. However, organisational capital is not as valuable towards the creation of sustainable competitiveness and first-mover advantage as innovation and process capital are. It is the purpose of this article to demonstrate how a thorough understanding and the efficient management of innovation and process capital enables organisations to achieve the afore-mentioned benefits. Innovation capital management consists primarily of patent and brand management, which are particularly important as patent management forms a high-margin justification for the implementation of organisation-wide intellectual property management, and the management of high-equity brands secures a loyal customer base and associative sustainable competitiveness and first-mover advantage benefits. Although not as obviously valuable as innovation capital, the article also explores the value that the efficient management of unique organisational processes and methodologies contribute towards the achievement of prolonged first-mover advantage and the provision of protection against competitor actions. This exploration involved an examination of contemporary literature, theories and business cases and subsequently revealed that SCM is a vital discipline/philosophy that must be implemented by any organisation wishing to achieve greater sustainable competitiveness. Innovation and process capital are of particular importance as these assets can be made tangible, leveraged and integrated into existing

Mental health and positive change among Japanese mothers of children with intellectual disabilities: Roles of sense of coherence and social capital.

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Kimura, Miyako; Yamazaki, Yoshihiko

2016-12-01

We investigated predictors of mental health and positive change among mothers of children with intellectual disabilities in Japan based on the concept of the Double ABCX model. We used variables of having a child with autism spectrum disorder (ASD) and dissatisfaction with systems as stressors, availability of social support and social capital (SC) as existing resources, sense of coherence (SOC) as appraisal of the stressor, and mental health and positive change as adaptation. A self-administered questionnaire was distributed to 10 intellectual disability-oriented special needs schools in Tokyo, and obtained 613 responses from mothers of children under age 20 attending these schools. The results showed that our Double ABCX model explained 46.0% of the variance in mothers' mental health and 38.9% of the variance in positive change. The most powerful predictor of this model was SOC, and SC may be directly and indirectly related to maternal mental health and positive change through mothers' SOC. Increasing opportunity for interaction between neighbors and family of children with disabilities may be one effective way to enhance SOC through SC. Since maternal SOC, SC, mental health, and positive change were significantly correlated with each other, synergy among these elements could be expected. Copyright © 2016 Elsevier Ltd. All rights reserved.

Characterizing the Fundamental Intellectual Steps Required in the Solution of Conceptual Problems

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Stewart, John

2010-02-01

At some level, the performance of a science class must depend on what is taught, the information content of the materials and assignments of the course. The introductory calculus-based electricity and magnetism class at the University of Arkansas is examined using a catalog of the basic reasoning steps involved in the solution of problems assigned in the class. This catalog was developed by sampling popular physics textbooks for conceptual problems. The solution to each conceptual problem was decomposed into its fundamental reasoning steps. These fundamental steps are, then, used to quantify the distribution of conceptual content within the course. Using this characterization technique, an exceptionally detailed picture of the information flow and structure of the class can be produced. The intellectual structure of published conceptual inventories is compared with the information presented in the class and the dependence of conceptual performance on the details of coverage extracted. )

Traditionalism or Traditiona-Lieism: Authentication or Fabrication?

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Abeer Hussam Eddin Al-Lahham

2014-11-01

Full Text Available Muslim cities with their notable architecture and morphology have always attracted scholars, architects, and planners. Regionalism, Historicism, Neo-Traditionalism, and Revivalism are but a few postmodern approaches that emerged calling for reviving the spirit of the place and searching for an identity associated with history and context. Structuralism, Semiology and Critical Studies offered significant methodologies in this respect. This research argues that traditional Islamic built environment has its own structures stemmed from Shari’a (Islamic legal system, which gave it its authenticity. Similarly, contemporary built environment has its own structures based on capitalism and its mechanisms. Those two modes (Islam and capitalism are substantially different, and hence their structures. Adopting linguistic methodologies, Revivalism of Islamic heritage, or Traditionalism, is in effect imposing solutions originated in one mode onto another. This led to internal contradictions in the structures of contemporary built environment and thus to a state of in-equilibrium that might be depicted as a crisis. Therefore, the process of “authentication” of contemporary built environment turned out to be a “fabrication” of contemporary Islamic architecture. It is thus “Traditiona-lieism.”

Follow the Intellectual Property, How does Industry pay Programmers' Salaries when they move the related IP rights to offshore taxhavens?"

OpenAIRE

Wiederhold, Gio

2009-01-01

In the ongoing discussion about offshoring in the computer and data-processing industries, the 2006 ACM report Globalization and Offshoring of Software addressed job shifts due to globalization in the software industry. But jobs represent only half of the labor and capital equation in business. In today’s high-technology industries, intellectual property (IP) supplies the other half, the capital complement. Offshoring IP always accompanies offshoring jobs and, while less visible, may be a maj...

Exploring the Relationship between Human Capital Investment and Corporate Financial Performance of Jordanian Industrial Sectors

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Faris Nasif ALSHUBIRI

2013-12-01

Full Text Available The revolution of globalization, computerization and information technology has entered to Jordanian market. This phenomenon requires company's attention of human element and the acquired knowledge, experience and the development of the so-called concept of intellectual capital.(IC In this study I used only the human capital as a part of IC. This study aims to exploring the relationship between human capital investment (HCI, and corporate financial performance. This study used an 11 industrial sectors listed of Amman Stock Exchange from 2005to 2011. Correlation analysis tests used in this study and the results indicate the high positive significant relationship between HCI and corporate financial performance related to, ROE , PTBV , log of sales , log of assets , DPS and ICR but no significant relationship between HCI and WCTO. The researcher recommends industrial companies to strengthen and stimulate the concept of human capital in the companies and the need for develop administrative innovation program. For future analysis may be used more sectors listed in market in addition used the all parts of intellectual capital related to structural and physical capital with corporate financial performance.

Economic growth and intangible capitals: Europe versus Asia

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Navarro José-Luis Alfaro

2014-01-01

Full Text Available At present, the international growth model includes important restrictions about the consideration of GDP as a unique tool for measurement. In this sense, taking into consideration the wealth of a country, we must add intangibles such as human development, country image, employment conditions, environmental, innovation, public sector efficiency, and synergies to the variable production, which is defined as national intellectual capital. In this paper, we use a mathematical model of intellectual capital to determine, in monetary terms, the intangible elements that have a greater impact on long-term economic development in European and Asian countries. We have the main limitation of available information and we provide objective results using statistical method. By identifying these components, countries will be able to redirect their policies toward achieving sustainable long-term growth. The results show that the long-term growth of both continents are strongly dependent on the skills of their human resources, but register differences in structural factors such as trade, innovation, or environment.

self-criticism to Arab and Muslim intellectuals

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Fachrizal Halim

2007-06-01

Full Text Available Contemporary Arab Thought: Studies in Post-1967 Arab Intellectual Historyis written as a self-criticism addressed to Arab and Muslim intellectuals, especially those who reside in the West. The Arab intellectuals or Muslims alike, who have received Western education and have decided to live in Western countries in the first half of twentieth century, have actually benefited from their modern secular education. The liberalization of U.S. immigration laws in 1965 for non-European immigrants has even enlarged the number of Arabs and Muslims who have trained in the best institutions in the U.S. By the dawn of the twentieth century, the number of Arab intellectuals who reside in the West is estimated to double, as the result of the emergence of a second generation. However, the large number of educated Arab people does not always fulfill the promise of transformation of the social conditions of the Arab World. Far from being ‘organic intellectuals’, to use Gramsci’s favorite term, who would transform Arab societies from imperialism and Western hegemony, and the impact of dependency on the so called ‘globalization,’ most Arab thinkers in the West as well as the elite in the Arab world have been party to Western capitalist interests which aim to control the Arab World. By no means denigrating the works of Isma‘il Raji al-Faruqi, Edward Said, Ghada Hashem Talhami, Halim Barakat, or the feminist Leila Ahmad, to mention some brilliant Arab intellectuals, most Arab thinkers in the West seem to have forgotten the social conditions of the Arab world that have been in acute crisis since the mid nineteenth century or from the time colonialism stepped into the Arab world. Pseudo modernization—to say that there has never been any modernization as it emerged from the middle class as in Europe, but was initiated mainly by the elites—has kept Arab intellectuals in the West completely in the dark and unable to offer radical solution to the crises of

Human and Inhuman Capital, and Schooling

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Primož Krašovec

2014-06-01

Full Text Available Theories of human capital are becoming an increasingly common reference in both newer pedagogical theories as well as political documents, outlining the plans for reforms of science and education. As a part of broader ideology of knowledge society, human capital theories represent ideological legitimation of neoliberal trends in science and education policies. Increased investment in human capital on both social and individual level is supposed to increase the competitiveness of the economy as a whole as well as employability and welfare of individuals. In the first part of the article, we sketch the intellectual history and the socio-political context of the development of theories of human capital. Second part is dedicated to a critique of characteristically neoliberal equalization of labor with capital and of a theory, according to which investment in human capital brings profits to individual workers. In the third part, we outline a general socio-historical dynamics of the development of high-tech capitalism and show that “investments in human capital” and economic innovations do not bring about increased social welfare. In the fourth, final part, we analyze in detail how current educational reforms impact the learning process and working conditions at public universities.