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Article
Publication date: 12 March 2018

Tereza Otcenášková and Vladimír Bureš

Intellectual capital represents an integral part of evaluation in many companies. Applied methods do not consider three crucial aspects of intellectual capital, which are…

Abstract

Purpose

Intellectual capital represents an integral part of evaluation in many companies. Applied methods do not consider three crucial aspects of intellectual capital, which are up-to-date research topics, dynamic nature, and internal perspective. Hence, the purpose of this paper is to propose a novel intellectual capital self-evaluation method, addressing this issue.

Design/methodology/approach

Analysis of topics is based on collocation, correspondence, and co-occurrence analyses. Method construction stage is grounded in knowledge processes and deploys a panel of expert evaluations, Saaty’s decision matrix, based on pairwise comparison and the stakeholders’ estimates.

Findings

A new method for evaluation enables complex internal view on the status of intellectual capital in an organisation, as it is based on up-to-date research topics, a self-evaluation approach, and the dynamics of knowledge processes.

Research limitations/implications

The list of applied criteria is extendable, and the set weights are adjusted. Estimates are subjective in their nature. Provided results are tied with the specifics of self-evaluated organisations and cannot be used for inter-organisational comparison.

Practical implications

Presented system enables organisational self-evaluation, focussed on the complex and dynamic internal view, based on up-to-date topics. Despite the limitations, this self-evaluation can be conducted for various types of economic systems.

Originality/value

Proposed method is patterned on the current research topics and offers dynamic- and internal-oriented approach to self-evaluation of intellectual capital status.

Details

Journal of Intellectual Capital, vol. 19 no. 2
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 28 July 2020

Fabio Fiano, Jens Mueller, Niccolò Paoloni, Massimiliano Farina Briamonte and Domitilla Magni

The purpose of this paper is to enrich the scientific and managerial debate on intangibles by placing the concept of key money within the broader concept of Intellectual

Abstract

Purpose

The purpose of this paper is to enrich the scientific and managerial debate on intangibles by placing the concept of key money within the broader concept of Intellectual Capital, and by proposing an evaluation approach for a portion of the latter, focusing the analysis on fashion retailers.

Design/methodology/approach

This research focuses on the fashion industry, given that key money gains particular significance and accounted for in fashion retailers' financial statements. A comparative case study is presented with regard to the application of two evaluation methods proposed to some fashion retailers operating in Italy.

Findings

This paper defines a suitable placement for key money within the vast structure of intellectual capital. The research shows that the two methods give “very close” key money values, thus laying the foundations for a theoretical articulation of interest to be further explored in future researches.

Originality/value

The document represents a first in-depth examination regarding the evaluation and inclusion of key money in the intellectual capital. A further element of originality lies in having interpreted the key money in a perspective closer to the world of intangibles and competitive strategies, to the detriment of the previous (meagre) settings that placed it within the real estate branches of study.

Details

Journal of Intellectual Capital, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 1 September 2003

Truls E.J. Engström, Petter Westnes and Siren Furdal Westnes

A single embedded case study design was applied to evaluate the intellectual capital of 13 hotels in the Radisson SAS Hotels and Resorts hotel chain. By using the ICAP…

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6976

Abstract

A single embedded case study design was applied to evaluate the intellectual capital of 13 hotels in the Radisson SAS Hotels and Resorts hotel chain. By using the ICAP methodology and multiple source data the study investigated the knowledge and data produced by an intellectual capital evaluation, and explored the potential relationship between intellectual capital and business performance. The results conclude that it is possible to evaluate intellectual capital in a hotel chain, and the knowledge and data from the intellectual capital evaluation provide useful information regarding the areas of identifying focal areas, resource allocation, strengths and weaknesses, benchmarking, and managing the future. In addition, the findings indicate that it is useful to evaluate a hotel's intellectual capital due to its potential relationship with business performance.

Details

Journal of Intellectual Capital, vol. 4 no. 3
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 19 October 2012

Mariya Molodchik, Elena Shakina and Anna Bykova

The purpose of this paper is to present a framework that is developed for analysis of intellectual capital transformation into companies’ value, including an…

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2501

Abstract

Purpose

The purpose of this paper is to present a framework that is developed for analysis of intellectual capital transformation into companies’ value, including an identification of the key factors of this process.

Design/methodology/approach

The paper employs intellectual capital on the intersection of value‐based management (VBM) and the resource‐based view (RBV). Starting from a review of the results provided in the literature regarding intellectual capital (IC) evaluation and its link with firm performance, a system of proxy indicators related to IC transformation in both concepts has been designed. The evaluation ability of the developed model was justified using regression analyses.

Findings

A detailed algorithm for intellectual capital evaluation in terms of input‐outcome transformation. The intellectual capital transformation evaluating model (ICTEM) provides a holistic view of intellectual resources as companies’ strategic investments.

Research limitations/implications

The paper emphasizes that the ICTEM framework could be mostly applied for the analysis of a firm as a typical representative of the industry or the country. In that sense it is not applicable for specific feature analysis of a company.

Practical implications

The paper highlights the ICTEM as a tool of investment decisions, mostly taking into account common trends, the prospects of industries, and economies’ development.

Originality/value

The ICTEM provides the ostensive framework of intellectual capital transformation analysis using a statistical approach.

Details

Journal of Intellectual Capital, vol. 13 no. 4
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 10 July 2017

Marilei Osinski, Paulo Mauricio Selig, Florinda Matos and Darlan José Roman

The competitive model has changed. In this context, society entered into an era in which intangible assets are the greatest assets of a company. However, some gaps and…

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3769

Abstract

Purpose

The competitive model has changed. In this context, society entered into an era in which intangible assets are the greatest assets of a company. However, some gaps and uncertainties are presented in the literature as to understand the value of a company based on knowledge intensive activities. The purpose of this paper is to analyze the methods of evaluation of intangible assets in the context of business, economic and strategic management.

Design/methodology/approach

This is a qualitative research. This research is characterized as descriptive, bibliographic, inductive.

Findings

The main results of this research can highlight the existence of valuation methods of intangible assets intended for specific industries, as public and/or private, that can be better aligned to the context of business; economic and/or strategic management.

Originality/value

It was found that intangible assets are a current topic and increasingly addressed in the literature.

Details

Journal of Intellectual Capital, vol. 18 no. 3
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 3 December 2020

João J.M. Ferreira, Cristina Fernandes and Pedro Veiga

This study seeks to provide a broad ranging review that identifies, summarises and integrates the different multi-level approaches contributing to advances in research on…

Abstract

Purpose

This study seeks to provide a broad ranging review that identifies, summarises and integrates the different multi-level approaches contributing to advances in research on measuring IC. This furthermore sets out and highlights an agenda for future research.

Design/methodology/approach

Deploying a systematic and thorough review of the literature, the authors were able to identify 60 articles and identify the main theories applied and the respective methodological orientations of these articles across three levels of analysis: micro, meso and macro.

Findings

The study's findings suggest that the literature on measuring IC has approached the theme across three different levels –micro, meso and macro. In addition, the results enable the identification of seven dimensions to IC: competitive advantage, economic value generated, resources and capacities, corporate governance, IC components, innovation management and the dissemination of IC.

Research limitations/implications

The mixed-methods approach, which combines a traditional systematic literature review with ontological thematic analysis, casts light on the core aspects that led to the identification of a new approach in the academic literature on measuring IC.

Practical implications

This study puts forward a holistic model with measurements for IC across the three levels of analysis as well as the respective criteria for choosing the variables.

Originality/value

This study represents a first attempt to analyse the emerging literature on IC measurement through a multi-level approach; integrating and extracting the potential theoretical contributions in this field of knowledge; proposing an integrated model as well as a theoretically relevant and innovative research agenda that opens up paths to future research projects.

Details

Journal of Intellectual Capital, vol. 22 no. 6
Type: Research Article
ISSN: 1469-1930

Keywords

Open Access
Article
Publication date: 6 April 2020

Nikta Hatamizadeh, Mohammad Ahmadi, Roshanak Vameghi and Mohammad Ali Hosseini

This paper aims to clear ambiguities regarding the definition of intellectual capital and its components in the evaluation of rehabilitation organizations.

Abstract

Purpose

This paper aims to clear ambiguities regarding the definition of intellectual capital and its components in the evaluation of rehabilitation organizations.

Design/methodology/approach

A preliminary definition of intellectual capital and its three domains of human, relational and structural capital and separate lists of proposed components for each domain was developed based on the results of a previous study. Fourteen experts in rehabilitation, health management and management engaged in Delphi rounds to reach agreed-upon definitions. Their ideas on relevance and the measurements of each proposed component in the assessment of intellectual capital in rehabilitation organizations were gathered by a questionnaire.

Findings

Intellectual capital was defined as “The capital that emerges from the interaction of human resources’ ‘ability to think’ and to ‘create ideas’ with ‘a favorable internal and external organizational environment’ (including the managerial, social, structural, and physical environment, as well as communication between the inside and outside of the organization).” This capital is expected to gradually increase with further education, skills training and the gaining of experience by staff and managers. Also, the further development of intra-organizational structures and inter-relations with the market will empower the organization to adapt to continually changing circumstances, leading to competitive value and profit. Finally, a list of 101 proposed components was agreed upon in the evaluation of intellectual capital in rehabilitation organizations.

Originality/value

This paper may lead to the development of measurement tools and ultimately to planning effective programs to increase intellectual capital in rehabilitation organizations.

Details

Journal of Health Research, vol. 34 no. 3
Type: Research Article
ISSN: 2586-940X

Keywords

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Article
Publication date: 20 May 2019

Cheng Sheng Lee and Kuan Yew Wong

The purpose of this paper is to present a review on the latest developments, approaches and methods in intellectual capital (IC) performance measurement.

Abstract

Purpose

The purpose of this paper is to present a review on the latest developments, approaches and methods in intellectual capital (IC) performance measurement.

Design/methodology/approach

A total of 53 research papers from high-ranking journals concerning the advances in IC performance measurement were thoroughly reviewed and classified to identify the advanced approaches and methods that have been used to evaluate IC performance.

Findings

It is clear that the current application of advanced or intelligent methods in IC performance measurement is still at the primary stage. The reviewed approaches mainly focus on two core applications. First is to assist the data collection or data handling process and second is to enhance the result computation process to obtain a more reliable and realistic value that represents the performance of IC.

Research limitations/implications

This study offers a foundation and guideline for the researchers who wish to integrate advanced methods into IC performance measurement based on the reviewed advanced approaches in terms of their respective functions, strengths and limitations. It stimulates the creation of new IC performance measurement models that use advanced approaches to cope with real-life problems and dynamic conditions.

Originality/value

This paper contributes to the literature on IC performance measurement, in light of advances in technology. In general, five advanced approaches were identified, analyzed and discussed. Future research directions were presented to provide new insights for researchers to apply advanced methods in IC performance measurement, together with theoretical and managerial implications.

Details

The Bottom Line, vol. 32 no. 2
Type: Research Article
ISSN: 0888-045X

Keywords

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Article
Publication date: 23 October 2007

Kimiz Dalkir, Erica Wiseman, Michael Shulha and Susan McIntyre

The purpose of this paper is to provide an assessment framework for evaluating the success of knowledge management (KM) initiatives in a government setting.

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1864

Abstract

Purpose

The purpose of this paper is to provide an assessment framework for evaluating the success of knowledge management (KM) initiatives in a government setting.

Design/methodology/approach

The approach used was to first conduct a brief review of the leading thinking on KM and intellectual capital (IC) measurement approaches. The selection process used to recommend the results‐based management assessment framework (RMAF) as the most appropriate measurement framework is then discussed together with the development of logic models for all KM objectives. Finally, the validation methodology used, a survey design and data collection methodology, is described.

Findings

The study finds that the RMAF framework proved to be a good fit for KM assessment in a government setting.

Research limitations/implications

The evaluation of KM and IC are necessarily organization‐specific. Further research is needed to report on the generalizability of this evaluation approach.

Practical implications

The KM evaluation approach proposed here helped the government organization translate its KM strategy into action and enhanced management of the KM program. The proposed evaluation approach will help ensure that each type of stakeholder receives assessment results in a form that is of greatest use to them.

Originality/value

While there are many KM and IC metrics described in the literature, there have been limited attempts to address the evaluation question from a more holistic perspective. This paper shows how quantitative and qualitative measures can be combined to better assess the success of KM initiatives in a systematic and concrete manner.

Details

Management Decision, vol. 45 no. 9
Type: Research Article
ISSN: 0025-1747

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Article
Publication date: 8 July 2014

Hsin-Yuan Chang, Ming-Yu Wu and Dwan-Fang Sheu

– The purpose of this paper is to explore how the nursing division supervisors at hospitals perceive intellectual capital (IC) and identify the relative importance of IC factors.

Abstract

Purpose

The purpose of this paper is to explore how the nursing division supervisors at hospitals perceive intellectual capital (IC) and identify the relative importance of IC factors.

Design/methodology/approach

Using literature review combined with experts’ viewpoints, IC is divided into four main structures and adopted them as the measurement criteria. A set of criteria that measure the hospital nursing division's IC was established using the Fuzzy Delphi Method, by the expert questionnaire given out to nursing division supervisors at large-scale teaching hospitals.

Findings

The research results will hopefully help the management of medical institutions make decisions and input more resources in the “structural capital” perspective of their respective nursing divisions.

Originality/value

Hospitals in Taiwan may improve in performance and medical services quality.

Details

Management Decision, vol. 52 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

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