Model for calculating the intellectual capital of research centres

Edurne Loyarte (Vicomtech, Donostia-San Sebastian, Spain)
Igor Garcia-Olaizola (Vicomtech, Donostia-San Sebastian, Spain)
Gorka Marcos (Vicomtech, Donostia-San Sebastian, Spain)
María Moral (Vicomtech, Donostia-San Sebastian, Spain)
Nora Gurrutxaga (Vicomtech, Donostia-San Sebastian, Spain)
Julian Florez-Esnal (Engineering School TECNUN, Donostia-San Sebastian, Spain)
Iñaki Azua (University of Deusto, Donostia-San Sebastian, Spain)

Journal of Intellectual Capital

ISSN: 1469-1930

Publication date: 9 July 2018

Abstract

Purpose

The purpose of this paper is to develop a model to help RTC managers in the technological and R&D decisions and bets so as to change the perceived value of the R&D projects of the centres. To achieve this aim, the paper investigates the different models for the valuation of intangible assets.

Design/methodology/approach

The paper presents a single case study and focusses on creating a useful IC valuation model for the centre, using existing methods and frameworks in IP and IC fields.

Findings

The paper presents a new method for the calculation of IC applied to a RTC in ICT sector, in which the valuation of the IP is included (software libraries) and the KM and the peculiarities of these kinds of organisations are explained. The model is based on Edvinsson and Malone (1997) and Leitner (2005).

Research limitations/implications

Although the use of a single case provides rich data, it is also limits the generalisability to other RTCs. Another limitation is that not all existing methods were explained. This new method constitutes a first proposal for the IP and IC valuation in RTCs and further discussion and development would be carried out in the future.

Practical implications

The results suggest an IP and IC measurement model to improve the strategic and technological decisions making.

Social implications

This paper may favour the competitiveness of companies engaged in intangible assets (knowledge, R&D) and the negotiation of the contracts since it arrives to determine a value for the intellectual property (software libraries) and intellectual capital.

Originality/value

This paper proposes an IC Model orientated towards an RTC context and to provide a value perspective for them. The authors are practitioners and the model is in use.

Keywords

Citation

Loyarte, E., Garcia-Olaizola, I., Marcos, G., Moral, M., Gurrutxaga, N., Florez-Esnal, J. and Azua, I. (2018), "Model for calculating the intellectual capital of research centres", Journal of Intellectual Capital, Vol. 19 No. 4, pp. 787-813. https://doi.org/10.1108/JIC-01-2017-0021

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Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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