Multidimensional Intellectual Capital Valuation – MV/BV and VAIC™ Ratio Application: 2006-2009 Polish Banks Perspective
11 Pages Posted: 6 Dec 2012 Last revised: 11 Apr 2013
Date Written: December 5, 2012
The main goal of this paper is to present practical application of taxonomy (Multidimensional Comparative Analysis - MCA) to measure the level of intellectual capital of banks using VAIC™ (Value Added of Intellectual Coefficient) and MV/BV (Market Value to Book Value) ratio. The study includes an estimate of the value of synthetic indicator which is Euclidean distance from Positive Development Pattern (PDP) of the group of 20 banks (10 domestic and 10 European) in 2006-2009 period. As a result, the author made a ranking of banks on intellectual capital.
Keywords: Intangible resources, Intellectual Capital, banks, multidimensional analysis, taxonomy
JEL Classification: G32, O3, O16
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