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intellectual capital
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More than 10.000 documents for intellectual capital
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Many theorists identify intellectual capital as an organization's intangible asset that ensures organizational survival in the 21st century. This study establishes an enquiry for intellectual capital's role in the 21st century by reviewing the evolution of organizational and human resources' theory that establishes a framework for organizational intellectual capital valuation in today's business environment. The two questions addressed with this study are whether organizational executives define their intellectual capital and whether these executives value their intellectual capital as demonstrated in their actual practice. This study provides empirical data from fifteen organizations through a methodology utilizing an interview process. The interviewer utilizes a questionnaire tool tha...
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The issue of valuing and measuring intellectual capital is important because the compelling reasons for valuation and measurement of intellectual capital and knowledge assets includes understanding where value lies in the company and the sectors of the national economy, and for developing metrics for assessing success and growth of companies and economies. Understanding and valuing knowledge capital is important because knowledge is the ultimate wellspring of unlimited resources, and it is crucial for us to understand what knowledge is and what it is not. This paper first defines intellectual capital then discusses the importance of accounting for and measuring intellectual capital. The paper also discusses current accounting standards relating to the accounting for intangible assets an...
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When there is a large disparity between a firm's market value and book value, that diff e rence is often attributed to "intellectual capital." Market value is, of course, the company's total shares outstanding times the stock market price of each. Book value is the excess of total assets over total liabilities. But what is the value of intellectual capital? Measuring the value of intellectual capital is difficult, but there are methods that can do it. One recent study categorized 12 different approaches to measuring intellectual capital, and another identified more than 30. The author will discuss and illustrate several of them, including one developed by Skandia Insurance Company Ltd. and Robert Kaplan and David Norton's balanced scorecard. The author will also address how intellectual...
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Knowledge management and intellectual capital, related fields, are both based on the idea that more employee knowhow can contribute to organizational competitiveness. Little empirical work has been done in this area, however, especially regarding large groups of firms and direct comparisons of financial impact. This paper looks at the intellectual capital levels of firms participating in the food services industry, identifying those companies with high levels of IC and those with low levels. We then compare the financial results of the high and low performers. It appears there is a clear and significant difference in financial performance that can be attributed to possessing greater intellectual capital.
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From the seaboard to the mountains, South Carolina has experienced a makeover in the last 20 years second to few other states. The changes are reshaping the SC economy: vacationers and retirees filling new and old coastal communities are boosting tourism and real estate development; an explosion in world trade combined with a logistics revolution is transforming Charleston into an international supply chain hub and seeding new distribution facilities along the state's major transportation corridors; and a flow of foreign investment is bringing high-tech manufacturing facilities to replace textile plants and agriculture in the Midlands and Upstate. There is good reason to examine South Carolina's prospects for growth over the long term. It needs to identify the talent emerging because of...
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Loss of intellectual capital (IC) is one of the major risks companies can expect to encounter while doing business in a global economy, especially in locales with less-developed respect for intellectual property rights laws. Intellectual capital has ascertainable monetary value, provides a firm with a competitive edge, and enables it to differentiate itself from its competitors. To protect this asset, it is recommended that an IC management strategy be developed utilizing a life cycle approach and implemented prior to conducting business in high-risk parts of the world. The strategy needs to be consistent with the overall corporate strategy, an integral part of the business plan, and adaptable to the organizational complexity associated with multinational companies.
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One hundred fifty high-technology companies were examined to determine if management's disclosure level of intangible assets was influenced by firm performance. Our research supported a statistically significant inverse relationship between the level of intellectual capital disclosure and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for both the fiscal years 2000 (r = -.1849, p ≤ .05) and 2004 (r = -.1515, p ≤ .05), and Net Income for the 2000 (r = -.2307, p ≤ .01) but not 2004 (r = -.0941, ns). Many start-up firms in the high-technology sector experience low to negative earnings, due in part to the treatment of intellectual capital as an expense by the traditional accounting model. This study suggests management may choose to increase th...
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A sample of 143 high-technology firms was examined to determine if there were inverse relationships between the size and age of companies and their level of intellectual capital disclosure. Weak inverse relationships were found between number of employees and level of disclosure and between total assets and level of disclosure. There was, however, a significant inverse relationship between firm age and level of disclosure. Multivariate regression provided support that firm age was a significant predictor of level of intellectual capital disclosure. It appears that young companies use increased disclosure to signal to the market their real value and prospects.
