The Measurement and Recognition of Intellectual Capital in the Process of Accounting Convergence Trends and Patterns

2019 ◽  
pp. 1362-1372
Author(s):  
Ionica Oncioiu
Keyword(s):  
Intellectual Capital ◽  
Intangible Asset ◽  
Controversial Issues ◽  
Company Performance ◽  
Asset Valuation ◽  
Business World ◽  
National Economic ◽  
Intangible Asset Valuation ◽  
Accounting Convergence ◽  
The Relationship

The value of intellectual capital has been the main focus in the debates between international professionals and the business world for many decades. Today, this concept interferes with the international process of assessment and with the convergence of accounting. However, it is more likely for a certain period of time to develop both paradigms in parallel and then become convergent, thus solving the paradox of intangible asset valuation. Another challenge would be to extend and adapt this research to the specifics of different national economic systems, to generalize the relationship between intellectual capital and company performance and other countries and industries. This chapter analyzes the answer of the questions regarding recognition, presentation, and evaluation of intellectual capital, and also various controversial issues of this concept, as it is presented in the current project of the IASB and FASB.

The Measurement and Recognition of Intellectual Capital in the Process of Accounting Convergence Trends and Patterns

2018 ◽  
pp. 5669-5678
Author(s):  
Ionica Oncioiu
Keyword(s):  
Intellectual Capital ◽  
Intangible Asset ◽  
Controversial Issues ◽  
Company Performance ◽  
Asset Valuation ◽  
Business World ◽  
National Economic ◽  
Intangible Asset Valuation ◽  
Accounting Convergence ◽  
The Relationship

The value of intellectual capital has been the main focus in the debates between international professionals and business world for many decades. Today, this concept interferes with the international process of assessment, but also with the convergence of accounting. However, it is more likely for a certain period of time to develop both paradigms in parallel and then become convergent, thus solving the paradox of intangible asset valuation. Another challenge would be to extend and adapt this research to the specifics of different national economic systems, to generalize the relationship between intellectual capital and company performance and other countries and industries. This chapter analyses the answer of the questions regarding recogmition, presentation and evaluation of intellectual capital, and also various controversial issues of this concept, as it is presented in the current project of the IASB and FASB.

scholarly journals Application of an intangible asset valuation model using panel data for listed enterprises in Vietnam

2020 ◽  
Vol 17 (1) ◽  
pp. 304-316
Author(s):  
Quan Minh Quoc Binh ◽  
Nguyen Minh Ha ◽  
Ngo Thi Huyen Trang
Keyword(s):  
Panel Data ◽  
Building Materials ◽  
Intangible Assets ◽  
Positive Impact ◽  
Professional Services ◽  
Intangible Asset ◽  
Company Performance ◽  
Asset Valuation ◽  
Valuation Model ◽  
Intangible Asset Valuation

Intangible assets play an important role in increasing the value of companies. The performance of companies increasingly depends on ideas, information, and professional services rather than tangible assets. The question of how to accurately measure intangible assets remains a challenge for many scientists. This study aims to measure intangible assets of 396 companies listed on Vietnam’s stock market between 2010 and 2014 using the panel data technique by Yamayuchi (2014). The estimation shows that intangible assets make up a large share of total assets of companies. In addition, construction, steel, building materials, mining, and food are sectors with high intangible assets in Vietnam. The study also finds a positive impact of intangible assets on improving company performance. The findings demonstrate the importance of investing in intangible assets, such as R&D, technology, advertising, and human resources, to increase the value of a company in the future.

The Relationship Between Intellectual Capital and Operating Performance of Indonesian Companies in the Hospitality Industry

2015 ◽  
Vol 21 (4) ◽  
pp. 781-784 ◽  
Author(s):  
Dezie L. Warganegara ◽  
Michael W. Hadipoespito ◽  
Jesica Indah
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Value Creation ◽  
Hospitality Industry ◽  
Operating Performance ◽  
Intangible Asset ◽  
Weakest Link ◽  
Structural Capital ◽  
Tangible Assets ◽  
The Relationship

The objective of this study is to test the relationship between intellectual capital (IC) and the profitability. IC is an intangible asset that has been acknowledged by various researchers to be the most important asset of a firm and its roles are to shape and integrate tangible assets into value creation processes. In this study, IC was proxied by VAIC and the operating performance was represented by ROA, OPM, and ATO. The sample in this study consists of Indonesian firms in the hospitality industry between the year of 2007 and 2011. This study found out that IC had limited role in driving profitability of a firm. When VAIC was broken down into tangible assets (VACA) and intangible assets (VAHU and STVA), the most dominant which is pushing the profitability of companies is still tangible assets. VACA is even comparable with size and leverage in getting firms profitable. Human capital (VAHU) is the weakest link in value creation of the firms at the hospitality industry in Indonesia. Finally, structural capital (STVA) increases productivity only through reduction of the costs in doing businesses not in revenue increases.

Accounting Discretion and Purchase Price Allocation After Acquisitions

2016 ◽  
Vol 32 (2) ◽  
pp. 241-270 ◽  
Author(s):  
Ivy Xiying Zhang ◽  
Yong Zhang
Keyword(s):  
Intangible Assets ◽  
Fair Value ◽  
Intangible Asset ◽  
Purchase Price ◽  
Asset Valuation ◽  
Economic Determinants ◽  
Sfas 142 ◽  
Reporting Incentives ◽  
Intangible Asset Valuation ◽  
Value Measurement

The recent movement in standards setting toward fair-value-based accounting beyond financial assets and liabilities calls for more empirical evidence on fair-value measurement, especially that of intangible assets. This article studies the initial valuation of goodwill and identifiable intangible assets after acquisitions. We find that the allocation of purchase price to goodwill and identifiable intangible assets is related to the economic determinants of the valuation. However, it is also significantly affected by managerial incentives arising from the differential treatments of goodwill and identifiable intangible assets under Statement of Financial Accounting Standards (SFAS) 142. The same managerial discretions are not exhibited in the purchase price allocation prior to SFAS 142, when goodwill and other intangibles are both amortized. These findings suggest that unverifiable fair value measures are associated with the underlying economics but also deviate from the true values in the presence of management reporting incentives. Further analysis suggests that external appraisers constrain managerial discretion in intangible asset valuation to an extent but do not completely eliminate it.

scholarly journals Pengaruh Modal Intelektual, Set Kesempatan Investasi Terhadap Kinerja Keuangan Dan Nilai Perusahaan Makanan dan Minumam Yang Terdaftar Pada BEI Periode 2012-2016

SKETSA BISNIS ◽  
2020 ◽  
Vol 7 (2) ◽  
pp. 84-93
Author(s):  
Nurul Mufida ◽  
Muhammad Saifi ◽  
Ari Darmawan
Keyword(s):  
Financial Performance ◽  
Path Analysis ◽  
Intellectual Capital ◽  
Firm Value ◽  
Capital Investment ◽  
Intangible Asset ◽  
Company Performance ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Investment Opportunity Set

In addition to increasing intangible assets, the company will also see the future by implementing policies regarding investment decisions to increase company performance and company value. For this reason, the purpose of this study is to examine the effect of intellectual capital, investment opportunity sets on company performance and firm value in food and beverage companies listed on the IDX for the period 2012-2106. The study population numbered 14 companies, while the sample used in this study was taken using purposive sampling, the number of samples taken in this research proposal is 11 samples that meet the criteria used. This study uses path analysis. The results of this study indicate that intellectual capital has no significant effect on financial performance, negative intellectual capital is not significant towards firm value, the investment opportunity set has a negative effect on financial performance. The investment opportunity set has a positive and significant effect on firm value, financial performance has a significant positive effect on firm value. ___________________________________________________________________ Perusahaan selain meingkatkan intangible asset, disisi lain perusahaan juga akan melihat masa depan dengan melakukan kebijakan mengenai keputusan investasi  untuk menigkatkan kinerja perusahaan dan nilai perusahaan. Untuk itu tujuan penelitian ini adalah menguji pengaruh modal intelektual, set kesempatan investasi terhadap kinerja perusahaan dan nilai perusahaan pada perusahaan makanan dan minuman yang terdaftar pada BEI periode 2012-2106. Populasi penelitian berjumlah dengan jumlah 14 perusahaan, sedangkan  Sampel yang digunakan dalam penelitian ini diambil dengan menggunakan purposive sampling, banyaknya sampel yang diambil dalam usulan penelitian ini adalah 11 sampel yang memenuhi kriteria yang digunakan. penelitian ini menggunakan analisis jalur (path analysis), Hasil penelitian ini menunjukkan modal intelektual tidak berpengaruh signifikan terhadap kinerja keuangan, modal intelektual negatif tidak signifikan  terhadap nilai perusahaan, set kesempatan investasi berpengaruh negative pada kinerja keuangan. Set kesempatan investasi berpengaruh positif dan signifikan terhadap nilai perusahaan, kinerja keuangan berpengaruh positif signifikan terhadap nilai perusahaan.

Does green intellectual capital spur corporate environmental performance through green workforce?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Adil Mansoor ◽  
Sarwat Jahan ◽  
Madiha Riaz
Keyword(s):  
Human Capital ◽  
Human Resource ◽  
Intellectual Capital ◽  
Environmental Sustainability ◽  
Environmental Performance ◽  
Two Dimensions ◽  
Mediating Effect ◽  
Intangible Asset ◽  
Content Type ◽  
The Relationship

PurposeDrawing upon the intellectual capital-based view theory, this study explored the relationship between green intellectual capital (IC) and environmental performance (EP) with the intervening effect of green human resource management (GHRM).Design/methodology/approachCross-sectional data were collected from 187 human resource directors/managers working in manufacturing firms of Pakistan. A partial least squares approach was applied to test the hypothesized relationships.FindingsThe results showed a mediating effect of GHRM on the relationship between green human capital and the organizational EP. Also two dimensions of green IC (green human capital, green relational capital) were also found positively related to the EP of the firm.Practical implicationsPolicymakers should devote their attention to the preservation and enhancement of their employees' knowledge as green human capital is possessed by the employees. Furthermore, managers must exchange information with key stakeholders to better understand and resolve their environmental concerns. Organizational leaders must also ensure the implementation of GHRM policies that, in turn, improve the EP with the aid of green IC.Originality/valueThe current research contributes to the literature by defining green IC as an antecedent and GHRM as an intervening variable for EP. In addition, this study underlines the significance of GHC as a valuable intangible asset for the achievement of environmental sustainability. It also illustrates the importance of GRC, which creates an exchange partnership with the stakeholders to promote corporate environmentalism.

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