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Article
Publication date: 23 October 2007

Tobias Sällebrant, Joakim Hansen, Nick Bontis and Peder Hofman‐Bang

The purpose of this paper is to present an empirical research study which took a novel examination of the relationship between risk and transparency with regards to a…

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2305

Abstract

Purpose

The purpose of this paper is to present an empirical research study which took a novel examination of the relationship between risk and transparency with regards to a company's intellectual capital assets. The objective of this study is to evaluate how the systematic and idiosyncratic risk of publicly traded companies correlates with the degree of available information regarding their intellectual capital statements.

Design/methodology/approach

Intellectual capital is measured within the framework of a rating system that includes 44 parameters within eight focus areas. These data were collected from key informants at eight publicly traded IT companies in Sweden.

Findings

The results show a negative correlation between idiosyncratic risk and transparency and a positive correlation between market risk and transparency. However, the correlation between risk and transparency may partly be explained by organization size.

Research limitations/implications

This study was based on a small set of firms within one country so generalizability is limited.

Practical implications

The suggested methodology of intellectual capital measurement has since been used by over 400 organizations across four different continents.

Originality/value

This methodology consists of both qualitatively metrics as well as quantitative metrics that are then triangulated together to test various hypotheses.

Details

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

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Article
Publication date: 1 December 2005

Kristine Jacobsen, Peder Hofman‐Bang and Reidar Nordby

The purpose of this paper is to introduce the IC Rating™ approach as a management consulting approach to measure intellectual capital and to report on the implementation…

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2990

Abstract

Purpose

The purpose of this paper is to introduce the IC Rating™ approach as a management consulting approach to measure intellectual capital and to report on the implementation and experience in one case study firm.

Design/methodology/approach

The paper describes the IC Rating™ model in the context of the exiting literature in the field of IC measurement and uses a case study to demonstrate its practical application.

Findings

Based on the presented case study as well as implementations in other organizations we find the IC Rating™ model a useful tool to facilitate the analysis and discussion about intellectual capital in organizations.

Practical implications

The article gives a complementary view to the most commonly used score card methods and guidelines for intangibles on how intangibles can be measured. IC Rating™ focuses on the comparability between companies and industries as well as a simplification of how to interpret intangible measures.

Originality/value

The original idea for the paper was to answer the question “Why do companies really need to measure and develop intangibles?”. The answer is “To improve company financial performance”. The IC Rating™ methodology is therefore based on the answers to two other questions: “Which parameters does an executive manager need to have insightful knowledge of, in order to make the right decisions for the future?” and “From where and whom should the executive manager receive this information?”.

Details

Journal of Intellectual Capital, vol. 6 no. 4
Type: Research Article
ISSN: 1469-1930

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Article
Publication date: 1 December 2005

Leif Edvinsson, Peder Hofman‐Bang and Kristine Jacobsen

The purpose with the paper is to bring forward the opportunities we face by realizing that future economics lie in knowledge and intangibles. We want to communicate this…

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1606

Abstract

The purpose with the paper is to bring forward the opportunities we face by realizing that future economics lie in knowledge and intangibles. We want to communicate this as a giant business potential, as capital in waiting by introducing some tools and cases. Two concrete leadership tools are presented and discussed (IC Rating and Balanced Scorecard‐like approaches) and cases from different places around the globe are introduced. These methods and conclusions will support any organization wishing to take part in the intellectual capital evolution. The countries, societies, businesses and individuals grasping the opportunity of exploit their intellectual capital in waiting will be the winners of tomorrow. Their skills will be shown in new cultivated leadership, new company navigation tools for strategic mapping and measurement, transparent reporting of intangibles as well as new approaches to risk assessment. The longitude perspective of Leif Edvinsson is for the first time combined with the extensive research made within the EU project, PRISM, as well as with two of the most popular practical applications of intangible measurements, IC Rating and the BSC. In addition, the IC Rating and BSC are intertwined, introducing a completely new approach for organizational development, Sei‐Cho.

Details

Handbook of Business Strategy, vol. 6 no. 1
Type: Research Article
ISSN: 1077-5730

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Article
Publication date: 1 December 2005

Bernard Marr

With intellectual capital and intangible assets high on the agenda of executives around the world, and little practical evidence of good practice in measuring and managing…

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2480

Abstract

Purpose

With intellectual capital and intangible assets high on the agenda of executives around the world, and little practical evidence of good practice in measuring and managing these assets, there is a great need for help. This editorial to a special issue on the topic introduces the problem and highlights key issues. The special issue provides an overview of how management consulting companies acting in this space suggest tackling the problem. The purpose is therefore to bring together the approaches of different management consulting firms and to make their differences explicit.

Design/methodology/approach

All major general management consulting firms as well as specialist consulting firms focusing in the area of intellectual capital and intangible assets were directly invited to submit a paper for this special issue. The call for papers was also made publicly available in the journal and through e‐mail campaigns by Emerald. All submissions underwent a double‐blind refereed selection process.

Findings

Even though many submissions were received for this special issue, most of the authors were not able to demonstrate a sufficient understanding of the constructs nor were they able to justify the tools and methodologies developed. Reviewers were made aware of the practical background of many of the authors and it was ensured that sufficient and constructive feedback was provided. Even with various rounds of reviews many papers had to be rejected as they resembled marketing brochures rather then logical discussions. This unfortunately shows that there still is a massive skills gap in the industry and companies should be careful before they engage with any management consulting firm to help them measuring or managing their intangibles.

Practical implications

The focus of potential papers was not academic rigor (as opposed to the Special Issue Vol. 5 No 2) but the provision of an overview of the state of the art in intellectual capital consulting practice. The papers therefore provide practitioners with good insights into current practice.

Originality/value

This special issue is the first to bring together in a structured and rigorous format different management consulting approaches to the measurement and management of intellectual capital and intangible assets.

Details

Journal of Intellectual Capital, vol. 6 no. 4
Type: Research Article
ISSN: 1469-1930

Keywords

Content available
Article
Publication date: 23 October 2007

Nick Bontis, Christopher K. Bart and Patricia Wakefield

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1215

Abstract

Details

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

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