Proceedings of the 10th European Conference on Intangibles and Intellectual Capital
These proceedings represent the work of contributors to the 10th European Conference on Intangibles and Intellectual Capital (ECIIC 2019), held at the University of Chieti-Pescara on 23-24 May 2019. The conference is supported by SIDREA - the Italian Society of Accounting and Economia Aziendale (http://www.sidrea.it/) and is organized by the Department of Management and Business Administration (https://www.dea.unich.it/) headed by Professor Michela Venditti. The Conference Chair is Prof. Massimo Sargiacomo who was assisted by an organizing committee comprised of university professors and lecturers (Gianluca Antonucci, Christian Corsi, Antonio D’Andreamatteo, Francesco De Luca, Armando Della Porta, Manoel De Nicola, Daniela Di Berardino, Tiziana Di Cimbrini, Antonio Gitto, Lea Iaia, Luca Ianni, Lorenzo Lucianetti, Stefania Migliori, Ida Verna). PhD students from Accounting, Management and Business Economics (www.ambe.unich.it) at the University G.d’Annunzio of Chieti-Pescara also supported the organizational committee.
ECIIC is a well-established event on the academic research calendar and in its 10th year the key aim remains the opportunity for participants to share ideas and meet the people who hold them. The scope of papers will ensure an interesting two days. The subjects covered illustrate the wide range of topics that fall into this important and ever-growing area of research.
The opening keynote presentation is given by Prof. Martin Piber from the Leopold-Franzens-Universität, Innsbruck, Austria on the subject Managing (Intangibles) in times of VUCA (Volatility, Uncertainty, Complexity and Ambiguity). The second day of the conference will open with a keynote by Dr. John Dumay, from the Macquarie University, Sydney, Australia on the topic of 25 Years since Skandia: Critical reflections and projections. There will be an afternoon plenary Round Table Discussion led by Prof John Dumay, Prof Rosa Lombardi (SIDREA Secretary), University of Rome “La Sapienza”, Prof Stefano Marasca (SIDREA President), Marche Polytechnic University, Prof Martin Piber, University of Innsbruck and Prof Stefano Zambon (NIBR General Secretary), University of Ferrara, on the topic of Doing Research on Intangibles and Intellectual Capital: New Frontiers, Challenges and Future Scenarios.
With an initial submission of 96 abstracts, after the double blind, peer review process there are 40 Academic research papers, 3 PhD research papers and 3 work-in-progress papers published in these Conference Proceedings. These papers represent research from Australia, Austria, Bahrain, Brazil, Canada, Ecuador, Finland, Indonesia, Italy, Kazakhstan, Mexico, Pakistan, Poland, Portugal, Romania, Russia, South Korea, Switzerland and the USA.
The development of modern economic relations has led to the fact that the impact of tangible assets on the market value of a company has decreased significantly and stepped back to intangible assets, which determine the intellectual capital of the economic entity. It is intangible assets that allow you to gain competitive advantages and ensure long-term development in a dynamic environment. This article reviews a method that will allow performing the assessment of such a specific intangible asset as intellectual capital by determining the economic potential of a company. In turn, the proposed approach is able to quantify this parameter, as well as its components: relational, organizational and human capital. To determine the economic potential of a company, the author proposes using the income approach, which is the sum of the net produced values of investment projects most preferred for implementation, as well as the residual value of the economic entity at the end of the accounting period. Depending on business branch, the proposed method will take into account the totality of all external and internal factors influencing the analyzed company and its economic potential, which will help to create new opportunities and development alternatives for both the long-term and the short-term. Modern management should seek to develop the intellectual capital and prevent its leakage to ensure the growth of company productivity. Practical implementation of this methodology will allow management to more rationally form a company development strategy and take into account the existing shortcomings for their elimination. We will consider the essence of intellectual capital as a set of intangible resources that ensures the creation of added value and unique competitive advantages of a corporation in a selected market segment. While considering the intellectual capital, it is necessary to analyze its 3 components: relational, human and organizational capital. The problems, which arise in the quantitative assessment of separate components of intellectual capital lies in the impossibility of classifying a particular intangible asset to a specific type of capital. It is also impossible to assess the impact of a particular constituent on intellectual capital as a whole, since they create the necessary competitive advantages for a company only in complex. The study proposes to obtain a quantitative assessment of intellectual capital based on the analysis of economic potential of a company. © 2019 Academic Conferences Limited. All rights reserved.