A New Perspective of the Intellectual Capital Dynamics in Organizations

2011 ◽  
pp. 1-21 ◽  
Author(s):  
Constantin Bratianu
Keyword(s):  
Intellectual Capital ◽  
Building Blocks ◽  
Time Variable ◽  
Generic Structure ◽  
Leadership Management ◽  
Structural Capital ◽  
Management Processes ◽  
Tangible Assets ◽  
New Perspective ◽  
A Company

Most pioneers of the intellectual capital studies developed static models able to describe the structure and the operational power of this new concept. Their contributions have been based on individual experience of dealing with tangible assets. According to these models, there is no time variable in the intellectual capital interpretation, and therefore there is no change or transformation. Intellectual capital is considered a stock with the following generic structure: human capital, structural capital, and relational capital. The purpose of this chapter is to present a dynamic model of the organizational intellectual capital, based on a new concept of integrators, and a new functional structure. Integrators are powerful fields of forces acting upon the employees of a company in order to generate synergy. Among the most important integrators we may think of leadership, management, processes and organizational culture. The new structure is based on knowledge, intelligences and values, as independent basic building blocks.

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.

Intellectual Capital in Knowledge-Intensive Firms

2007 ◽  
pp. 29-39
Author(s):  
P. Sáez
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Strategic Alliances ◽  
Balance Sheet ◽  
Building Blocks ◽  
Empirically Supported ◽  
Structural Capital ◽  
Route 128 ◽  
Knowledge Intensive ◽  
Main Components

During more than a decade, the literature has provided several intellectual capital models. Nevertheless, empirical evidence is still necessary in the field, and empirically supported models for classification and measurement of intellectual capital are not very common. This work finds the main components or building blocks of an intellectual capital balance sheet, taking the three most common components of intellectual capital (human capital, structural capital, and relational capital) and testing empirically if this grouping of intangible assets is supported by the evidence obtained from a sample of knowledge-intensive firms from Boston’s Route 128. Findings suggest a classification of intellectual capital according to four categories: human capital, structural capital, relational business capital, and strategic alliances.

scholarly journals Impact of Intangible Assets (Intellectual Capital, Knowledge Management) on Innovation: A Study on Tourist Agencies in Jordan (Tourist Agencies in Irbid)

2019 ◽  
Vol 14 (6) ◽  
pp. 138
Author(s):  
Muthana Mohammad Omoush
Keyword(s):  
Knowledge Management ◽  
Intellectual Capital ◽  
Positive Impact ◽  
Knowledge Application ◽  
Structural Capital ◽  
Management Processes ◽  
Tourism Sector ◽  
Customer Capital ◽  
Huge Impact ◽  
Knowledge Management Processes

The aim of this research is to investigate the role of knowledge assets, knowledge management processes (knowledge creation, knowledge sharing, knowledge application, knowledge storage), intellectual capital elements (human, structural, relational or customer capital). Accordingly, a questionnaire survey has been designed to examine the above form based on a dataset of 189 staffs of tourist agencies in Irbid, Jordan. Questionnaires included 33 items have been used to get data from respondents. Multiple regression analysis has been performed to examine the hypothesis of research. This study identified that all knowledge management processes have a direct impact on innovation. The study also showed that human and structural capital has a positive impact on innovation in the tourist agencies in Irbid. The Customer Capital does not have a positive impact on innovation. The results have a huge impact on the tourism sector, especially tourist agencies in Irbid, Jordan.

Intellectual Capital in Knowledge-Intensive Firms

2009 ◽  
pp. 224-235
Author(s):  
Pedro López Sáez ◽  
José Emilio Navas López ◽  
Gregorio Martín de Castro
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Strategic Alliances ◽  
Balance Sheet ◽  
Building Blocks ◽  
Empirically Supported ◽  
Structural Capital ◽  
Route 128 ◽  
Knowledge Intensive ◽  
Main Components

During more than a decade, the literature has provided several intellectual capital models. Nevertheless, empirical evidence is still necessary in the field, and empirically supported models for classification and measurement of intellectual capital are not very common. This work finds the main components or building blocks of an intellectual capital balance sheet, taking the three most common components of intellectual capital (human capital, structural capital, and relational capital) and testing empirically if this grouping of intangible assets is supported by the evidence obtained from a sample of knowledge-intensive firms from Boston’s Route 128. Findings suggest a classification of intellectual capital according to four categories: human capital, structural capital, relational business capital, and strategic alliances.

Intellectual capital vs the book-value of assets

2014 ◽  
Vol 15 (1) ◽  
pp. 65-82 ◽  
Author(s):  
Sang Ho Kim ◽  
Dennis Taylor
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Value Relevance ◽  
Share Price ◽  
Annual Reports ◽  
Content Type ◽  
Book Value ◽  
Listed Firms ◽  
Structural Capital ◽  
Tangible Assets

Purpose – The purpose of this paper is to provide new evidence, made possible by human capital data that became available after IFRS adoption, on the productivity of intellectual capital and its components. These productivity measures are modelled to determine their value-relevance in the share market, and the modelling is extended to comparative productivity measures for the book-value of assets. Design/methodology/approach – Financial data are sourced from financial databases and company annual reports on a sample of 160 Australian listed firms over a five-year period. Panel regression analysis is used to test five models built from Riahi-Belkaoui's (1999) general price model of the value-relevance of accounting numbers. Findings – The results show that the productivity of human capital, structural capital and intellectual capital are each significantly positively related to share price (i.e. have value-relevance), whereas the productivity of total assets at book-value is non-significant and tangible assets is inversely significant. Originality/value – This study constructs a new improved method of computing the amount of structural capital, and uses recently available financial statement data to provide first-time evidence on human capital and its inclusion in the determination of the amount of intellectual capital. These new models and data enable a direct comparison to be made between the value-relevance of intellectual and the book-value of assets.

scholarly journals PENGARUH STRATEGI DIVERSIFIKASI, INTELLECTUAL CAPITAL, PERENCANAAN PAJAK TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Aghnia Rizki Amanda ◽  
Suci Atiningsih
Keyword(s):  
Corporate Governance ◽  
Intellectual Capital ◽  
Value Added ◽  
Tax Planning ◽  
Effective Tax Rate ◽  
Diversification Strategy ◽  
Tax Rate ◽  
Structural Capital ◽  
A Company ◽  
Capital Value

AbstrakTujuan penelitian ini adalah untuk mengetahui pengaruh Strategi Diversifikasi (Hierschman Herfindah Index), Intellectual Capital (VAICTM : Value added human capital, Velue added capital employed, Structural capital value added), dan Perencanaan Pajak (Effective Tax Rate) terhadap Nilai Perusahaan (Tobin’s Q) dengan Corporate governance sebagai variabel pemoderasi.Penelitian ini dilakukan terhadap perusahaan peserta corporate governance perseption index (CGPI) yang terdaftar di Bursa Efek Indonesia (BEI) periode 2013-2017. Pemilihan sampel dilakukan menggunakan metode purposive sampling, maka sampel yang digunakan dalam penelitian ini adalah 59 perusahaan. Teknik analisis data dalam penelitian ini menggunakan uji asumsi klasik dan analisis regresi linier berganda.Hasil penelitian menunjukkan bahwa Strategi diversifikasi dan perencanaan pajak tidak berpengaruh terhadap nilai perusahaan. Intellectual capital berpengaruh positif terhadap nilai perusahaan. Corporate governance dapat memoderasi pengaruh antara strategi diversifikasi, perencanaan pajak terhadap nilai perusahaan. Corporate governance tidak dapat memoderasi pengaruh antara intellectual capital terhadap nilai perusahaanKata Kunci:  Strategi Diversifikasi, Intellectual capital, Perencanaan Pajak, Nilai perusahaan, Corporate GovernanceAbstractThe aim of this research was to find out the influence of Diversification Strategy (Hierschman Herfindah Index), Intellectual Capital (VAICTM : Value added human capital, Velue added capital employed, Structural capital value added), and Tax Planning (Effective Tax Rate) for The Value of A Company (Tobin’s Q) using Corporate Governance as the moderating variable.This research was conducted for the participating company of corporate governance perception index (CGPI) that is registered on the Indonesian Stock Exchange (ISE) in the period of 2013-2017. Purposive sampling was used as the method of samples selection, 59 companies were used as samples in this research. The classical assumption test and multiple linear regression were used as the data regresion analysis techniques.The results showed that Diversification Strategy and Tax Planning had no influence on the value of a company. Intellectual Capital gave a positive influence on the value of a company. Corporate governance was able to moderate the influenc of Diversification Strategy, tax planning on the value of a company.Corporate governance was not able to moderate the influence of Intellectual Capital on the value of a company.Keywords :  Diversification strategy, Intellectual Capital, Tax Planning, Corporate Governance, Value of A Company

scholarly journals IDENTIFIKASI BUSINESS PERFORMANCE UKM DENGAN SKEMA KLASIFIKASI INTELLECTUAL CAPITAL

2020 ◽  
Vol 4 (1) ◽  
pp. 17
Author(s):  
Iqbal Arraniri
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Business Performance ◽  
Positive Relationship ◽  
Relational Capital ◽  
Structural Capital ◽  
Main Components ◽  
Relationship Of ◽  
The Relationship ◽  
A Company

When a company tries to find a business performance formula that can become a new solution in order to maintain its survival, then it depends on how its ability to manage its assets. So this study aims to examine the relationship of three main components of Intellectual Capital and Business Performance from Bontis at al: Human Capital, Structural Capital, Relational Capital. Hypothesis testing is conducted on the positive relationship between Human Capital and Business Performance, the positive relationship between Structural Capital and Business Performance, the positive relationship between Relational Capital and Business Performance, and the positive relationship between Intellectual Capital (IC) and Business Performance. Data collection techniques using a questionnaire developed from IC sub-factors based on the Intellectal Capital Classification Scheme from Moon and Kym, given directly to respondents or managers / business owners with a sample of 30 companies, then the data collected was analyzed using the IBM 20.0 SPSS program. Positive inter-variable influences have been found accompanied by rejected hopothesis.

IC & OI The impact of intellectual capital on organizational innovation

2020 ◽  
Vol 6 (7) ◽  
pp. 1257-1265
Author(s):  
Fouad El-Gamal
Keyword(s):  
Intellectual Capital ◽  
Middle Managers ◽  
Organizational Innovation ◽  
Sustainable Competitive Advantage ◽  
Dominant Dimension ◽  
Structural Capital ◽  
Corporate Innovation ◽  
Research Findings ◽  
The Impact ◽  
Depth Interviews

Intellectual capital can generate value for organizations and improve organizational innovation. This study aims to investigate the effects of intellectual capital on corporate innovation. Mixed research methodology approach has been used by combining both qualitative and quantitative analysis to explore and empirical examine the research model. The targeted population of interest is the licensed pharmaceutical manufactures, 90 organizations in the Egyptian pharmaceutical industry throughout its three main sectors (11 public, 70 local private and 9 MNCs). Statistical analyses are employed based on the questionnaires gathered from 39 pharmaceutical manufactures’ companies (44% response rate). In addition, sixty-three “63” in depth interviews have been conducted with both top and middle managers. The research findings indicate that all dimensions of intellectual capital (human, structural, and relational capital) have positive significant effects on organizational innovation of pharmaceutical manufactures’ companies. The study clarifies that the most dominant dimension is structural capital, which provides the largest and strongest support to pharmaceutical manufactures’ companies. The deep realization of the importance intellectual capital and its impact on innovation helps leaders to adopt accurate system to run organizational innovation in a better way, which lead to sustainable competitive advantage for organizations.

Intellectual capital disclosure on Twitter – empirical evidence from the world’s largest companies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Łukasz Bryl ◽  
Justyna Fijałkowska ◽  
Dominika Hadro
Keyword(s):  
Social Media ◽  
Intellectual Capital ◽  
Recent Literature ◽  
Future Research ◽  
Corporate Disclosure ◽  
Content Type ◽  
Management Philosophy ◽  
Business Units ◽  
Structural Capital ◽  
Practical Implications

Purpose This study aims to examine intellectual capital disclosure (ICD) on Twitter by 60 of the world’s largest companies and explains the main themes communicated to stakeholders. The second objective is to determine which topics provoke most stakeholders’ reactions. Design/methodology/approach The authors perform content analysis on more than 42,000 tweets to examine ICD practices along with the reactions of stakeholders in the form of retweets and “favorites” toward the information disclosed. Findings Intellectual capital (IC) is an important theme in corporate disclosure practices, as more than one-third of the published tweets refer to IC. The world’s largest companies focus on relational capital information, followed by human and structural capital. The main IC themes disclosed were management philosophy, corporate reputation and business partnering. Tweets related to IC are of greater interest to stakeholders than other tweets and provoke more reactions. There is no complete consistency between the topics most intensively disclosed by companies and those that elicit the most vivid responses from the addressees. Practical implications This study offers an understanding of the world’s largest companies’ practices that refer to ICD via social media and has implications for organizations in the creation and use of communication channels when developing a dialogue with stakeholders on topics regarding IC that may lead to better management of IC performance. Originality/value This paper is a response to the call for studies on ICD via social media, which is strongly highlighted in the recent literature concerning future research on IC and until now was almost absent in the field of business units. This research provides in-depth insights into the use of Twitter to disclose IC elements and indicates which fields and topics of this disclosure provoke stakeholders’ reactions, which is a novelty in ICD studies.

ALOKASI ANGGARAN, INTELLECTUAL CAPITAL, KINERJA KEUANGAN, DAN INDIKATOR KINERJA UTAMA BADAN LAYANAN UMUM

2021 ◽  
Vol 07 (01) ◽  
Author(s):  
Setyo Budi Hartono ◽  
◽  
Wahab Zaenuri ◽  
Fania Mutiara Savitri ◽  
Dessy Noor Farida ◽  
...  
Keyword(s):  
Human Resources ◽  
Financial Performance ◽  
Path Analysis ◽  
Intellectual Capital ◽  
Performance Indicators ◽  
Intangible Assets ◽  
Budget Allocation ◽  
Intangible Asset ◽  
Tangible Assets ◽  
Tangible Asset

Abstrak: Penelitian ini ditujukan pada anggaran dalam bentuk intangible asset (sumber daya manusia) dan tangible asset (aset tetap dan persediaan) yang diprediksi dapat mempengaruhi intellectual capital, kinerja keuangan sekarang dan mendatang, serta indikator kinerja utama. Alokasi anggaran sebagai baromater prioritas dalam mengembangkan intellectual capital ditujukan untuk memenuhi performa keuangan bagi indikator kinerja utama organisasi. Populasi yang juga menjadi sampel yaitu unit dan fakultas pada UIN Walisongo Semarang sebanyak 30 unit. Metode pengambilan sampling menggunakan teknik sampel jenuh yang mengambil seluruh populasi. Data yang digunakan adalah data sekunder berupa laporan tahunan dan laporan pencapaian indikator kinerja utama tahun 2019-2020. Analisis data menggunakan path analysis. Hasil penelitian ini adalah alokasi APBN tahun 2019 UIN Walisongo hanya terfokus pada tangible asset sebesar 82%, sementara 18% dialokasikan untuk intangible asset. Intangible asset tidak berpengaruh secara terhadap semua hubungan, hanya tangible asset saja yang dapat mempengaruhi intellectual capital secara langsung dan kinerja keuangan sekarang secara tidak langsung. Berdasarkan hasil penelitian ini menunjukkan perlu dilakukan audit sumber daya manusia sehingga dapat ditetapkan alokasi kebutuhan anggaran bagi intangible asset-nya. Abstract: This research is aimed at the budget in the form of intangible assets (human resources) and fixed assets and inventories that are predicted to affect intellectual capital, current and future financial performance, as well as key performance indicators. Budget allocation as a priority barometer in developing intellectual capital is aimed at meeting financial performance for the organization's main performance indicators. The population that is also a sample is 30 units and architecture at UIN Walisongo Semarang. The sampling method uses a saturated sample technique that takes the entire population. The data used is secondary data in the form of annual reports and performance indicator reports for 2019-2020. Data analysis using path analysis. The results of this study were that the 2019 State Budget allocation of UIN Walisongo only focused on tangible assets by 82%, while 18% was allocated for intangible assets. Intangible assets do not affect all relationships, only tangible assets can directly affect intellectual capital and current financial performance indirectly. Results Based on this research, it is necessary to conduct an audit of human resources so that they can determine the allocation of budget requirements for intangible assets.

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