scholarly journals Characteristics of intellectual capital, competitiveness and industrial policies of innovation-intensive sectors in Serbia

2021 ◽  
Vol 69 (3-4) ◽  
pp. 14-30
Author(s):  
Gordana Kokeza ◽  
Mihailo Paunović
Keyword(s):  
Growth Model ◽  
Intellectual Capital ◽  
Global Economy ◽  
Added Value ◽  
Economic Policies ◽  
Industrial Policies ◽  
Structural Capital ◽  
High Level ◽  
High Degree ◽  
Further Development

This paper explores the characteristics of intellectual capital, competitiveness and industrial policies of innovation-intensive sectors in Serbia. It consists of four parts. The first part presents the characteristics of intellectual capital as the basis of economic growth and competitiveness. The second part analyses the characteristics of national intellectual capital and competitiveness of individual countries in the global economy, while the third part of the paper discusses the competitiveness of the Serbian economy and gives recommendations for a new growth model. The fourth part of the paper is concerned with analysis of the characteristics of intellectual capital and industrial policies of innovation-intensive companies in Serbia, presenting also the results of the research study. The paper proposes that the new growth model of the domestic economy should be based on advanced industrial production and services with a high degree of added value, as well as the application of new economic policies, which should be based on a heterodox approach. It is also concluded that the level of development of intellectual capital of the analyzed companies is at a relatively high level, their structural capital is relatively developed, and the surveyed companies have an excellent reputation. Finally, it is concluded that further development of innovation-intensive sectors implies the application of appropriate industrial policies specific for containing the elements of both vertical and horizontal policies which should focus on encouraging development and innovation.

scholarly journals Enhanced Cognitive Walkthrough: Development of the Cognitive Walkthrough Method to Better Predict, Identify, and Present Usability Problems

2013 ◽  
Vol 2013 ◽  
pp. 1-17 ◽  
Author(s):  
Lars-Ola Bligård ◽  
Anna-Lisa Osvalder
Keyword(s):  
Medical Equipment ◽  
Development Process ◽  
Product Development Process ◽  
Infusion Pumps ◽  
Usability Problems ◽  
Cognitive Walkthrough ◽  
High Level ◽  
High Degree ◽  
Further Development ◽  
Potential Use

To avoid use errors when handling medical equipment, it is important to develop products with a high degree of usability. This can be achieved by performing usability evaluations in the product development process to detect and mitigate potential usability problems. A commonly used method is cognitive walkthrough (CW), but this method shows three weaknesses: poor high-level perspective, insufficient categorisation of detected usability problems, and difficulties in overviewing the analytical results. This paper presents a further development of CW with the aim of overcoming its weaknesses. The new method is called enhanced cognitive walkthrough (ECW). ECW is a proactive analytical method for analysis of potential usability problems. The ECW method has been employed to evaluate user interface designs of medical equipment such as home-care ventilators, infusion pumps, dialysis machines, and insulin pumps. The method has proved capable of identifying several potential use problems in designs.

scholarly journals Dampak Intellectual Capital Terhadap Profitabilitas Pada Industri Perbankan

2017 ◽  
Vol 9 (1) ◽  
pp. 67-77
Author(s):  
Nia Yuniarsih
Keyword(s):  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Added Value ◽  
Financial Statement ◽  
Financial Report ◽  
Structural Capital ◽  
Net Profit ◽  
Single Regression ◽  
Research Show

The objective of this study is to examine the influence of Intellectual Capital to Profitability. This study takes sample from 38 bank at the Indonesia Stock Exchange (IDX), which were published in financial report from 2015-2016. The sample was  determined based on the following criteria: (a) issued its financial statement ended  31 December; and (b) reporting earnings ended December 31,  2015 and 31 December 2016. Intellectual Capital were measured by Value Added, Value Added of Capital Employed and Structural Capital Value Added. Profitability was measured by Net Profit Margin. The research hypotheses were tested using single regression. The results of this research show that  Intellectual Capital had positive significant influence on profitability.

The relationship between corporate governance and intellectual capital

2019 ◽  
Vol 61 (2) ◽  
pp. 384-401 ◽  
Author(s):  
Amina Buallay ◽  
Allam Hamdan
Keyword(s):  
Corporate Governance ◽  
Firm Size ◽  
Intellectual Capital ◽  
Content Type ◽  
Listed Firms ◽  
Pooled Data ◽  
Structural Capital ◽  
Capital Efficiency ◽  
High Level ◽  
The Relationship

Purpose The purpose of this study is to examine the moderating role of firm size on the relationship between corporate governance (CG) and intellectual capital (IC) efficiency. Design/methodology/approach The methodology was a pooled data for three years (2012-2014) for 171 listed firms, resulting in 489 observations. Findings The findings revealed that the inclusion of firm size as a moderating variable has influenced positively only the relationship between CG principles and capital employed efficiency (CEE). Further, the finding showed that the two IC components namely, human capital efficiency and structural capital efficiency, tend to be higher with firms that high level of CG adoption. However, CEE tends to be higher with firms that have lower level of CG adoption. Other finding shows that CG index was significant with the three IC components. Originality/value Such information will help the stakeholders, investors, decision-makers, regulators, policymakers and scholars to improve their knowledge about IC. Furthermore, it will be useful for firms to place their priorities regarding the internal system and financial plans for effective and efficient use of CG and IC.

scholarly journals Intellectual Capital and Corporate Performance: Evidence From Banking Industry of Bangladesh

2020 ◽  
Vol 10 (1) ◽  
pp. 234
Author(s):  
Md Nur Nabi ◽  
Qijie Gao ◽  
Md Takibur Rahman ◽  
Shaun O. Britton ◽  
Mohammad Muzahidul Islam
Keyword(s):  
Organizational Development ◽  
Intellectual Capital ◽  
Significant Relationship ◽  
Banking Industry ◽  
Corporate Performance ◽  
Value Added ◽  
Economic Life ◽  
Structural Capital ◽  
Capital Efficiency ◽  
High Degree

Intellectual capital (IC) is about the greatest competitive weapon for an organizational development. It becomes the most significant factor in the organization’s economic life. Therefore, the purpose of this paper is to examine the relationship between intellectual capital (IC) and corporate performance of the banking industry. This study used econometric models against five years of panel data from 2012 to 2016 of commercial banks in Bangladesh. The empirical study revealed a positive and significant relationship between value added intellectual capital (VAIC) and banks’ performances. Further, only capital employed efficiency (CEE) as a component of VAIC has a significant relationship with banks’ performance. In addition, structural capital efficiency (SCE) has a very high degree of moderating power on CEE which can be transformed into corporate performance. This study enriches the existing literature of IC and corporate performance and it may be beneficial for the sustainable economic performances of banking industry of Bangladesh.

scholarly journals The Level of Disclosure of Intellectual Capital at Jordanian Development Banks

2018 ◽  
Vol 11 (11) ◽  
pp. 176
Author(s):  
Firas A.N Al-Dalabih
Keyword(s):  
Human Capital ◽  
Statistical Analysis ◽  
Intellectual Capital ◽  
Islamic Banks ◽  
Structural Capital ◽  
Study Results ◽  
Customer Capital ◽  
National Bank ◽  
Development Banks ◽  
High Level

This study aims at identifying the level of disclosure of intellectual capital at the Jordanian development banks. The study sample composed of a hundred individuals working at the National Bank to Finance Small Projects around the different governorates of the Hashemite Kingdom of Jordan. A questionnaire has been prepared and distributed over the study sample. ninety five Questionnaires have been retrieved; valid for the statistical analysis purposes with a percentage of (95%). The study results showed that the level of disclosure of intellectual capital with all its dimensions (human capital, customer capital and structural capital) at the Jordanian development banks was of a high level. The results also showed that there is a high level of awareness performed by the Jordanian development banks’ employees in regard to the necessity and importance of the intellectual capital’s disclosure. The study was concluded with a number of recommendations among which were that the Jordanian development banks shall take notice toward increasing their workers’ awareness regarding the importance of intellectual capital’s disclosure, as well as applying this study over commercial and Islamic banks for the purposes of carrying out a comparison between them and the development banks.

scholarly journals Intellectual Capital Efficiency and Firm Performance of Technology, Telecommunication and Media Companies in Malaysia

2020 ◽  
Vol 4 (1) ◽  
pp. 133-145
Author(s):  
Ahmed Sharem
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Annual Reports ◽  
Economic Policies ◽  
Policy Makers ◽  
Return On Equity ◽  
Media Companies ◽  
Structural Capital ◽  
Capital Efficiency

The main purpose of this paper is to study the association between intellectual capital efficiency (ICe) and firm performance of companies in the Technology and Telecommunications & Media (TT&M) sectors on the Malaysian main and ACE markets. Data were collected from 37 companies’ annual reports for the year 2018. Value added intellectual coefficient (VAIC) and its components were measured using Pulic’s model, whereas firm performance focuses on profitability, proxied by return on asset (ROA) and return on equity (ROE). VAIC, human capital efficiency (HCe) and Capital employed efficiency (CEe) are associated with significantly higher ROA and ROE. However, Structural capital efficiency (SCe) is not significant with either ROA or ROE. These findings have useful implications to the TT&M companies as their managers may improve on the efficient usage of the relevant capitals in order to gain better firm performance. Moreover, the findings of this study could also be beneficial to policy makers as the financial success of TT&M companies would be in line with national economic policies.    

scholarly journals Do all elements of intellectual capital matter for organizational performance? Evidence from Russian context

2016 ◽  
Vol 17 (2) ◽  
pp. 397-412 ◽  
Author(s):  
Tatiana Andreeva ◽  
Tatiana Garanina
Keyword(s):  
Organizational Performance ◽  
Intellectual Capital ◽  
Cultural Context ◽  
Developed Countries ◽  
Manufacturing Companies ◽  
Managerial Implication ◽  
Content Type ◽  
Structural Capital ◽  
The Relationship ◽  
Further Development

Purpose – Intellectual capital (IC) has been argued to be the key element of value creation in contemporary economies and this argument has been widely supported by empirical research, but mainly based on data from developed markets. The question of how IC and its elements work in other contexts remains under-researched and the limited empirical evidence that exists contradicts the conclusions drawn from developed countries. The purpose of this paper is to provide empirical insight into the relationship between three main elements of IC (human, relational and structural) and organizational performance in the particular context of Russian manufacturing companies. Design/methodology/approach – The sample comprises 240 Russian manufacturing companies. The data are collected by survey using the scales already validated in the international context. The authors use a two-step analysis – factor and regression analyses – to answer the research questions. Findings – The findings demonstrate that structural and human capitals positively influence organizational performance, explaining a quarter of its variation, while relational capital does not. Practical implications – The core managerial implication of this study is that developing structural capital is of particular importance for Russian manufacturing companies. Originality/value – The paper contributes to further development of IC theory by investigating its application in the new institutional and cultural context of Russia.

scholarly journals Social Enterprises Empowerment through the Quality Mapping Analysis of Intellectual Capital Development: A Case Study during Pandemic

2020 ◽  
Vol 12 (1) ◽  
pp. 94
Author(s):  
Ni Putu Sri Harta Mimba ◽  
I Gusti Ayu Made Asri Dwija Putri ◽  
Anak Agung Ngurah Agung Kresnandra
Keyword(s):  
Intellectual Capital ◽  
Sampling Technique ◽  
Social Enterprises ◽  
Added Value ◽  
Structural Capital ◽  
Mapping Analysis ◽  
Customer Capital ◽  
Capital Development

Abstract During the pandemic period, government and society regard that social enterprises have more increasing role to reduce socials problems. Hence, there is an increased need to empowering social enterprises. This empowerment elevates their added value and competitiveness developing and improving their intellectual capital. However, the study on such development is not yet much explored. This study aims to fill this gap, especially in mapping the quality development of human, customer and structural capitals based on Resource Based Theory (RBT). The good quality of intellectual capital can enlarge the added value and competitiveness of social enterprises. This study is also develops the quality of intellectual capital to empowering social entreprises. This study used convenience sampling technique and obtained sample of 38 social entreprises. Quality mapping analysis and mean analysis are used to analyze the quality of each elemen of intellectual capital. This study finds that customer capital has the best development (mean score 166.9) followed by human capital (mean score 151.2) and then structural capital (mean score 145). This study also provides the mapping of some parts in the element of human, customer and structural capitals that require futher improvements. and possible solutions that doable and fruitful for social enterprises.

Renewal and Personal Mastery in Knowledge-Based Organisations

2011 ◽  
pp. 160-179
Author(s):  
Päivi Lohikoski
Keyword(s):  
Intellectual Capital ◽  
Future Research ◽  
Personal Mastery ◽  
Knowledge Based ◽  
Employee Wellbeing ◽  
Structural Capital ◽  
Ict System ◽  
Research Questions ◽  
High Level

Being knowledge management crucial to companies, it seems reasonable to understand an organisation intellectual capital. The three leading components of intellectual capital (human capital, structural capital and relational capital), are intrinsically bounded to the organisational ICT system, organisational structure, and to workers personal mastery. Nonetheless, in order to evolve organisational intellectual capital it is required a high level of personal mastery, which is clearly bounded to human resources. Therefore, this chapter aims to promote a theoretical and empirical discussion in order to understand the diverse dimensions between renewal, personal mastery, and employee wellbeing within a knowledge-based organisation (Finnish ICT-company). For that, the chapter is divided into six major sections: the research questions; theoretical framework and main concepts; the case study organisation and research methods applied; findings; discussion; and future research.

World Economy: A Quest for the New Growth Model

2014 ◽  
pp. 3-12
Author(s):  
S. Afontsev
Keyword(s):  
Growth Model ◽  
Global Economy ◽  
World Economy ◽  
Social Institutions ◽  
Growth Patterns ◽  
Economic Policies ◽  
Cheap Labor ◽  
Major Shift ◽  
Capital Intensive

As a consequence of the global crisis, a major shift to the new growth model is under way in the world economy. The article analyses principal changes in the role of resources, technologies, institutions, and economic policies in shaping new growth patterns in developed as well as developing markets. With human capital and capital intensive technologies replacing cheap labor and natural resources as principal sources of comparative advantage, global economy is likely to be rebalanced in favor of richer countries. The resulting adjustment calls for more flexible regulatory rules and social institutions, while growth-friendly economic policies at subnational level are expected to complement (and sometimes substitute for) more traditional national policies.

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