Measurement and Management of Intellectual Capital
University of Rijeka, Faculty of Economics in Rijeka
Irena Fatur Krmpotic
Faculty of Economics in Rijeka
March 18, 2009
Tourism & Hospitality Management, Vol. 15, No. 2, 2009
Modern companies work in the conditions of so called New economy, where the knowledge becomes the basic economic resource. Traditional resources as land, capital and labour are determined by diminishing returns; knowledge instead is connected with increasing returns. Knowledge that can be used in the company for creating value represents the intellectual capital. By measuring intellectual capital, company can manage it. This paper shows concise overview of used methods for measuring intellectual capital. Authors measured intellectual capital in four companies in Croatia using Calculated Intangible Value (CIV) as a method. Results of measuring intellectual capital are complemented with traditional financial ratios. However, intellectual capital statement gives real outlook in competitive advantage of certain company. Every modern company should measure its intellectual capital value and report it as a supplement to traditional balance sheets.
Number of Pages in PDF File: 12
Keywords: intellectual capital, knowledge economy, measuring intellectual capital, Calculated Intangible Value
JEL Classification: G32, O30, P31Accepted Paper Series
Date posted: May 29, 2012
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