Download or read book How Intellectual Capital Affects Market Value and Firm Performance written by Sheehan Rahman and published by LAP Lambert Academic Publishing. This book was released on 2012-03 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a postgraduate dissertation that attempts to understand and examine the role of intellectual capital in determining company market value and financial performance by taking a sample of UK firms listed on the London Stock Exchange. The study uses Pulic s (1998, 2000, 2002, 2004) framework of Value Added Intellectual Coefficient (VAIC) to measure intellectual capital components. The empirical results suggest that greater intellectual capital efficiency leads to better financial performance.Human capital is identified as the most significant intellectual capital contributor in a firm. In addition, the dissertation compares the findings with Zeghal and Maaloul s (2010) sample on 2005 data, and obtaines evidence that UK firms generated less value through intellectual capital components in the recession affected year 2009 than on the years before the crisis.
Download or read book The Effect of Intellectual Capital on Firm Performance written by Muganda Munir Manini and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: The existing corporate performance measurement system is heavily inclined towards financial and physical aspects and lacks the relevant information on intellectual capital efficiency. The available ranking, performance measurement and market valuation for local banks are based on traditional measures; such as accounting figures or financial ratios ignoring the fact that, the intellectual capital is the banks' primary input and is the most important resource for progress. This apparent inability of traditional financial accounting methods to adequately explain the gap between a firm's market value and its financial performance has induced many researchers to carry out investigations on the role of intellectual capital, an element not fairly recognized in the financial statements. This book therefore examines the effect of intellectual capital on the financial performance of listed commercial banks in Kenya. The analysis is useful to investors, financial analysts or shareholders who are interested in knowing how the size of intellectual capital in a firm affects the firm's performance. It also serves as a basis for further research and discussions on intellectual capital.
Download or read book Intellectual Capital written by Thomas A. Stewart and published by Crown Currency. This book was released on 2010-09-22 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Visionary in scope, Intellectual Capital is the first book that shows how to turn the untapped knowledge of an organization into its greatest competitive weapon. Thomas A. Stewart demonstrates how knowledge--not natural resources, machinery, or financial capital--has become the most important factor in economic life. Through practical advice, stories, and case histories, Stewart reveals how organizations and individuals can create and use the knowledge assets they need. Dazzling in its ability to make conceptual sense of the economic revolution we are living through, this ingenious book cuts through the vague rhetoric of "paradigm shifts" to show how the Information Age economy really works. Intellectual Capital should be read as if the futures of your company and your career depend on it. They do.
Download or read book Making Sense of Intellectual Capital written by Daniel Andriessen and published by Routledge. This book was released on 2004-02-18 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Drucker has introduced us all to the knowledge era, where knowledge is the primary resource and intangibles (intellectual capital resources and assets) are now largely recognized as the most important sources of organizations' competitive advantage. With the recognition of the importance of Intangibles comes the problem of how to properly identify them and assign them a value within the corporation. This is an area of concern in 5 fields: 1) accounting and financial reporting, 2) performance measurement and management, 3) valuation in the finance field, 4) the Human Resources field in terms of management, strategy, and planning, and 5) Intellectual Capital. Over the past eight years, over 25 methods have been proposed for the valuation of intangibles coming out of these 5 fields. In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.
Download or read book Strategy Maps written by Robert S. Kaplan and published by Harvard Business Press. This book was released on 2004 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of "The Balanced Scorecard" and "The Strategy-Focused Organization" present a blueprint any organization can follow to align processes, people, and information technology for superior performance.
Download or read book Intellectual Capital written by Johan Roos and published by NYU Press. This book was released on 1998-03 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning appropriately with an executive summary, this guide to the new business world introduces an intellectual capital approach. The Scandinavian editors define IC "as a language for thinking, talking and doing something about the drivers of companies' future earnings." Such a new language entails new measures (the IC-index approach), ways to connect to shareholder value, and ultimately, a new meaning of management. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book The Dynamics of Intellectual Capital in Current Era written by Muhammad Shahbaz and published by Springer Nature. This book was released on 2021-06-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an authoritative, inter-disciplinary, and up-to-date survey of relevant concepts, research areas, and applications of intellectual capital. Until now, the literature had lacked a comprehensive analysis of intellectual capital (IC) in regard to sustainability, block chain, and other related technologies and virtual environments. This book shows the importance of intellectual capital for contemporary organizations: how it contributes to theories of the firm, how it affects organizational performance, how is it linked with the organizational ambidexterity, how it connects to the technological developments like block chain and digital technologies, and what would be its association with sustainability. Central to our thesis is the systemic nature of intellectual capital in organizations: how intellectual capital interacts with and complements other organizational resources and developments. This book also shows as to how applying the notion of intellectual capital to organizations requires us to consider how intangible forms of capital differ from more traditional forms, implying the need for a theory of firm that accommodates a concept of dynamic, heterogeneous intellectual capital. Although a lot has been written on IC, this book proves to be the first with scholastic and action-oriented perspective on as to how a firm can manage its IC to create value. This book also demonstrates as to how the subjective aspects of IC can be measured and what can be their strategic implications. A discussion on IC disclosure also appears in the latter part of the book. In doing so, this book reveals as to how the value creation of today’s businesses is driven by the IC. This book also introduces the readers to the new application of IC and its association with the contemporary disruptive technologies. This is a book for IC researchers and academicians who want to understand the diverse aspects of IC, for business managers who want to be at the cutting edge, for those early in their careers who seek a challenging new path, and for the top-level managers of the world who have their eye on the future.
Download or read book Managing Intellectual Capital in Practice written by Göran Roos and published by Routledge. This book was released on 2007-06-07 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the essential guide for managers wishing to implement the benefits of Intellectual Capital thinking in their companies or divisions. It serves as an easily accessible introduction to the subject area for the novice, giving the gist of what it is about and how it has developed, but above all it gives hands-on instructions on how to incorporate intellectual capital thinking in everyday business and how to use the tools provided for the management and measurement of intangible resources. Throughout the main part of the book, three different cases in separate boxes run in parallel with the body text. These are introduced in chapter 2 and illustrate how the tools are to be used, depending on what type of company wishes to implement these ideas. The three case companies are characterised as a manufacturing company, an R&D organisation and a network company. Smaller case stories about well-known global companies are also interspersed throughout the book.
Download or read book The New Organizational Wealth written by Karl Erik Sveiby and published by Berrett-Koehler Publishers. This book was released on 1997 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sveiby offers practical advice on how to manage knowledge companies - such as accounting firms, management consulting firms, advertising agencies and computer consultants - and their employees
Download or read book Intellectual Capital written by Leif Edvinsson and published by HarperBusiness. This book was released on 1997-03-06 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the greatest challenges facing any business today is the gap between its balance sheet and its market valuation. This gap, representing the bulk of a company's true value, consists of indirect assets -- organizational knowledge, customer satisfaction, product innovation, employee morale, patents, and trademarks -- that never appear in its financial reports. Only in the last few years have companies and academics around the world tackled the challenge of measuring this "Intellectual Capital." And no company has taken IC measurement as far as the Swedish financial services company Skandia, which in 1995 published the world's first IC annual report. The executive who led the team, the first-ever director of Intellectual Capital, was Leif Edvinsson. Now Edvinsson has teamed up with noted business author Michael S. Malone to write the first book that explains the workings of IC measurement and its usefulness to the modern corporation. Intellectual Capital is also the first book ever to present a universal IC measurement and reporting system. And that's only the beginning. The authors also show how IC measurement can be used in any organization, including government agencies and nonprofit institutions; they present a simple new measure as a yardstick to compare the IC value and efficiency of different organizations; and finally, they propose a new kind of IC "stock market" exchange. Intellectual Capital will transform the nature of doing business by establishing the real value of enterprises for those who manage them, work in them, and invest in them. The result will be a revolutionary transformation of the modern economy. Highly readable and engaging, Intellectual Capital will prove to be one of the landmark business books of this decade.
Download or read book Study on the Effect of Intellectual Capital on Firm Performance written by and published by . This book was released on 2009 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Making Sense of Intellectual Capital written by Daniel Andriessen and published by Routledge. This book was released on 2004-02-18 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Drucker has introduced us all to the knowledge era, where knowledge is the primary resource and intangibles (intellectual capital resources and assets) are now largely recognized as the most important sources of organizations' competitive advantage. With the recognition of the importance of Intangibles comes the problem of how to properly identify them and assign them a value within the corporation. This is an area of concern in 5 fields: 1) accounting and financial reporting, 2) performance measurement and management, 3) valuation in the finance field, 4) the Human Resources field in terms of management, strategy, and planning, and 5) Intellectual Capital. Over the past eight years, over 25 methods have been proposed for the valuation of intangibles coming out of these 5 fields. In this book, Andriessen evaluates 25 existing methods of intangible valuation according to highly developed criteria. In performing his evaluations, Andriessen synthesizes the state of the art research from these fields based on extensive research. He then presents his own method for valuing intangibles, which he began developing and testing as a Senior Manager at KPMG Knowledge Advisory Services in The Netherlands. He relates six case studies in which this method was tested in actual companies, carefully reviews the results of his tests, and then concludes by offering a new and improved method for valuing intangibles in his Weightless Wealth Toolkit, a complete step-by-step process for identifying, valuing, and managing Intangibles to help managers operate successfully in the Intangible Economy.
Download or read book Can intellectual capital affect a company s performance written by Ender Gülcan and published by GRIN Verlag. This book was released on 2017-09-28 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Northumbria University, language: English, abstract: This thesis investigates the relationship between corporate intellectual ability and performance. The link between intellectual capital and corporate performance has been advocated for decades, however, empirical studies failed to fully acknowledge this relationship. For the conduct of this thesis, data has been collected for 1780 business years from companies of all industries from 5 developed countries. The contribution of this thesis has been the analysis of data from not only one country or certain industries, but the analysis of an extensive dataset, without making separations of industries, in order to obtain general results. During the last decades, our economy was undergoing a crucial change. This change affects the production of goods and services as well as the value of the goods and services. It is the change of the balance between the resources which are exploited by companies. It is the shift from material resources to knowledge, the shift from quantity to quality - the shift which manifests itself in the change of the way value is being created. Caused by these environmental changes, research activities in the field of intellectual capital (IC) emerged. It was advocated, that the new environment now requires proper IC management in order to succeed in the market. Since the end of the 90’s, the strategic importance and management of IC are well advocated. Several authors associated corporate performance with an efficient management of IC.
Download or read book Sticky Knowledge written by Gabriel Szulanski and published by SAGE. This book was released on 2002-12-03 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why don′t best practices spread within firms? What exactly is sticky knowledge? Having recognized that knowledge assets are rapidly becoming their most precious source of competitive advantage, a large number of organizations are now attempting to transfer best practices. Yet best practices still remain stubbornly immobile. Sticky Knowledge reveals that the transfer of practices is a complex phenomenon, and demonstrates the range of barriers to transferring best practices within the firm. Written in a brief and accessible format, Gabriel Szulanski defines the popular concept of stickiness and its operationalization, providing a roadmap for understanding and further researching this topical issue. Taking a fresh look at accepted wisdom, and presenting research findings that conflict with some established views, the book will be essential reading for academics and students addressing issues related to knowledge and the firm. Practising managers and MBA students will also find it of immense value.
Download or read book The Impact of Intellectual Capital on Bank s Market Value and Financial Performance in Indonesia Stock Exchange written by Yanuar Trisnowati and published by . This book was released on 2016 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this research were to analyze the impact of intellectual capital and this components to firm's market value and finance performances at 21 public banks in Indonesia Stock Exchange in year 2009 until 2011. The components of intellectual capital were Value Added of Capital Employee (VACA), Value Added of Human Capital (VAHU), and Structural Capital Value Added (STVA). The firm's market value was measured by Market to Book Value (MBV). The finance performances were measured by Return on Assets (ROA), Return on Equity (ROE), and Growth of Revenue (GR). To find the impact of variables, this research used linier regression analysis. The result of regression analysis showed that intellectual capital (VAIC) had not significant effect to firm's market value and Growth of Revenue; Value Added of Capital Employee (VACA) had only significant effect to Return on Equity; Value Added of Human Capital (VAHU) had not significant effect to both of firm's market value and finance performance; and Structural Capital Value Added (STVA) had significant effect to all measurement of finance performance.
Download or read book The Strategic Management of Intellectual Capital written by David A. Klein and published by Routledge. This book was released on 2009-11-03 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth in the readers' series Resources for the Knowledge-Based Economy, The Strategic Management of Intellectual Capital analyzes the link between the strategic and operational roles of intellectual capital in the organization. The Strategic Management of Intellectual Capital is the perfect resource for the growing number of companies pursuing a strategic approach to managing their intellectual capital and harnessing and leveraging their knowledge, experience, and expertise more systematically to attain a competitive advantage.
Download or read book Intangible Management written by Ken Standfield and published by Elsevier. This book was released on 2002-07-30 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the recorded history of management, the world has managed value creation according to what can be seen, touched and proven. In today's knowledge-based economy, value creation is derived primarily from how well firms manage intangibles (knowledge, service, expectations, response time, innovation, change management, etc). The large capital outlays that signified the manufacturing economy are no longer required. In fact, such 'tangibles' now explain less than 20% of the value of most publicly listed firms. For example, Time Warner has only 6.49% of its value attributable to tangibles. As such, for every $1 of true value, only $0.065 cents is being measured and managed by conventional management practices. For Oracle Corporation, tangibles account for only 4% of its value. For General Electric (worth over US$450 billion), tangibles account for less than 11% of its value. Intention, context, emotional intelligence, escalation, and sustainability are words that are generally absent from the operational management techniques of managers worldwide. They form, however, the basis of skills required to manage organizations in today's knowledge-based economy. The authors investigate the ways that intangible values can be identified, measured, and managed. Their revolutionary and innovative taxonomy not only reveals fundamental differences between a manufacturing economy and one which creates value through knowledge, relationships, and time. By using case studies, a compelling mixture of theory and applications, and a set of accounting tools, the authors demonstrates how a new value framework can protect investors while giving companies the ability to generate long-term growth. - Shows how intangible values can be identified, measured, and managed - Presents a revolutionary and innovative taxonomy with a new set of accounting tools - Demonstrates with case studies how a new value framework can protect investors while enabling companies to generate long-term growth
