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In quest of IC Model: discovering six elements of intellectual capital*. 26 September 2013, CBS Mariia Molodchik (NRU Higher School of Economics, Russia) mmolodchik@hse.ru Elena Shakina (NRU Higher School of Economics, Russia) Angel Barajas (University of Vigo, Spain).
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In quest of IC Model: discovering six elements of intellectual capital* 26 September 2013, CBS Mariia Molodchik (NRU Higher School of Economics, Russia) mmolodchik@hse.ru Elena Shakina (NRU Higher School of Economics, Russia) Angel Barajas (University of Vigo, Spain) *This study was carried out within The National Research University Higher School of Economics’ Academic Fund Program in 2013, Grant No 13-05-0021, http://perm.hse.ru/en/economics/ecf/
Research objectives The managers ask: • “Which are the elements that constitute IC?” • “How do we measure these elements?” The study explores the plausibility of six elements of IC and justifies the measurement ability of a set of indicators based on publicly available data for each one of the proposed element.
Research Framework: six IC elements Own elaboration from Roos et al. (2005), InCaS (2009) and Jacobsen et al. (2005).
Database: 1650 public companies
Sources of information and methods of measurement • Sources of information: Amadeus, Bloomberg, company’s web sites, other open sources. The examples of proxies: Metric - Knowledge management Methods of measurement - If company has information on its web site about knowledge management system – 1 point, otherwise – 0 points Metric - Qualification of top management Methods of measurement - Company’s Annual Report section “Common information”: • If more than one third of directors have postgraduate level of qualification and more than 5 years experience – 2 points. • If more than one third of directors have postgraduate level of qualification or more than 5 years experience – 1 point. • In any other cases – 0
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