The Impact of Innovation Capital on Firm Values
National Research University Higher School of Economics , 2018. No. 79.
Gareeva Y., Dranev Y., Kucherov A.
The current worldwide tendency to transform the global economy into a knowledge economy indicates that there is a need to analyze intellectual capital and approaches to its measurement, management and influence on company value. Taking into account the intangible nature of intellectual capital its measurement is an unconventional task for researchers with tough choices of adequate proxies. In this paper, we differentiate between components of intellectual capital and focus on innovation capital. We propose a methodology to measure intellectual capital and we analyze how intellectual capital influences company value in emerging markets. For this purpose, we investigate the relation between intellectual capital and the cost of equity influencing a company’s value through a discount rate.
, 2012 Vol. 3 No. 11 P. 380-384
This article is going to consider questions of creation and usage of the intellectual capital in export-oriented enterprises. ...
Added: April 19, 2013
CEIBS - China Europe International Business School, 2018
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The article discusses the dynamics of the creative sector of Russia, provides analysis of available statistical data and trends of further development of the industry. Russia has a good potential for creating and promoting innovations, but it is not used to the full extent due to a number of reasons, including insufficient development of technologies ...
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, , , Journal of Intellectual Capital 2012 Vol. 13 No. 4 P. 1-13
Purpose - This paper presents a framework that is developed for analysis of intellectual capital transformation into companies’ value, including an identification of the key factors of this process. Design/methodology/approach - The paper employs intellectual capital on the intersection of value-based management (VBM) and the resource-based view (RBV). Starting from a review of the results provided ...
Added: September 6, 2012
Интегральный показатель экономической добавленной стоимости: проблема учета стоимости интеллектуального капитала компании
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Defining the strategic vision of the company, managers and owners almost always have a shortage of information about different investments potential effectiveness. At the first step the company should find a compromise between investments in traditional assets and intellectual capital accumulation. RAVE concept is mainly based on the premise that the intellectual capital outcomes, including ...
Added: October 28, 2012
, , , AlterEconomics (ранее - Журнал экономической теории) 2012 № 3 С. 154-161
Development of the intellectual capital becomes the main component of development of the organization as a whole reception of serious competitive advantages in the market becomes which result. Therefore to develop the companies should invest in the intellectual capital, i.e. development of the intellectual capital of the organization demands considerable investments that can have positive ...
Added: December 3, 2012
, Measuring Business Excellence 2017 Vol. 21 No. 4 P. 377-387
Purpose. Company intellectual capital (IC) is nowadays considered as a key resource that can transform a company’s value. For this reason, the efficiency of IC is crucial for all stakeholders. Evaluating efficiency is difficult, because IC is partly unobservable and its efficiency varies across time. The aim of this study is to suggest a methodology ...
Added: October 23, 2017
, , , Journal of Intellectual Capital 2019 Vol. 20 No. 3 P. 335-354
The purpose of this paper is to present a comparative analysis of the contribution made by intellectual capital (IC) to company performance at company and industry levels in the Russian context. It examines the performance effect of IC using a multilevel approach. ...
Added: July 10, 2019
, The Journal of the New Economic Association 2020
According to theoretical assumptions of consumption capital asset pricing model (CCAPM) the consumption level should influence investors' behaviour in the financial market but empirical tests show that variance of consumption cannot explain high variance of asset prices and asymmetry in investor preferences. We introduce a twist on the usual quadratic utility of consumption by assuming "colog preferences" ...
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, , Journal of Intellectual Capital 2018 Vol. 19 No. 1 P. 96-111
Purpose The purpose of this paper is to address the issue of efficiency of corporate universities. An efficiency is defined in relative terms: as having relatively better performance in comparison to other companies. Different indicators of performance were employed in order to analyze short-term and long-term efficiency. A comparative analysis of European companies and emerging ...
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, , , Meditari Accountancy Research 2018 Vol. 26 No. 3 P. 443-462
Purpose This paper aims to examine how a company can build and develop its relational capital in a digital environment. It searches for proxy-indicators for digital relational capital and explores their impact on company performance. Design/methodology/approach The paper is designed to sit in the cross-section of two concepts – Big Data and Intellectual Capital. We analyze eight metrics ...
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, , Корпоративные финансы 2010 № 2(14) С. 47-61
Recently, the valuation of intellectual capital is one of the urgent problems of financial management. This is due to the complexity of determining cash flows and discount rates. The proposed method solves these problems by using the approach based on the logic of the value chain. Draw conclusions on whether the analyzed company-oriented personnel or ...
Added: October 27, 2012
Do Companies Disclose Intellectual Capital in Their Annual Reports? New Evidence from Explorative Content Analysis
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Purpose. This study suggests an alternative to confirmatory content analysis (CA) and empirically demonstrates that explorative CA enables new insights into the mechanism of intellectual capital (IC) disclosure. In so doing, this research contributes to both methodological and empirical advancements in IC disclosure research. Design/methodology/approach. Employing the assumptions of positive accounting theory and taking book value ...
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, , Economic Annals 2012 Vol. 57 No. 192 P. 79-98
The purpose of this research is to develop cost-effectiveness tools for the analysis of company’s intellectual resources, in terms of resource-based and value-based approaches. Our study focuses on the evaluation of intellectual capital methods to discover the drivers of company growth. We suppose that the potential effectiveness of intellectual capital resources varies according to different institutional factors. Several statistical methods will be used for the empirical ...
Added: September 19, 2012
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, , Contemporary Economics 2013 Vol. 7 No. 4 P. 41-56
This paper aims to analyse the contribution of intellectual resources to companies’ value. Most of the relevant empirical studies cover issues concerning the impact of intellectual capital on companies’ performance. This research is more specific and focuses on the unbiased estimation of intellectual resources’ contribution to their value. The paper highlights an approach to decision-making for ...
Added: June 11, 2013
, , Вестник Новосибирского государственного университета. Серия: Социально-экономические науки 2010 Т. 10 № 3 С. 125-132
Current article is dedicated to the relationship between effectiveness of usage of intellectual capital and capital structure of firms in Russia in 2005-2007. Current research showed that effectiveness of usage of intellectual capital of firms has a positive influence over the level of financial leverage. The result of the research has showed that the more ...
Added: October 18, 2012
, , Economic Research 2013
This study investigates factors of corporate success over the crisis period of 2008-2009. We advocate the idea that investments in intangibles allow a company to be better off, even if the markets go down. The hypothesis put forward in this paper was tested on a sample of more than 300 companies which operate in developed ...
Added: November 13, 2013
Academic Conferences and Publishing International Limited, 2015
These proceedings represent the work of presenters at the 7th European Conference on Intellectual Capital (ECIC 2015). This year the conference is being hosted by The Technical University of Cartagena, Spain on the 9‐10 April 2015. The Conference Co‐Chairs are Dr. Eva Martinez Caro, Dr. María Eugenia Sánchez & Dr. David Cegarra Leiva from the ...
Added: April 15, 2015
, , Journal of Knowledge Management 2012
This study investigates corporate success factors over the crisis period. We seek to advocate the idea that investments in intangibles allow a company to be better off, even if the markets go down. The hypothesis put forward in this paper was tested on a sample of more than 300 enterprises. These companies operate in developed ...
Added: October 24, 2012
St. Petersburg : Graduate School of Management, St. Petersburg State University, 2020
GSOM Emerging Markets Conference has been organized by Graduate School of Management of St. Petersburg University, a recognized leader in Russian business education, accredited by EQUIS and AMBA. GSOM EMC was first held in 2014 and has become a unique platform for discussing and sharing research ideas and experience in a wide range of topics and joined together more than 1600 leading scholars and business practitioners ...
Added: December 21, 2020
, , , Journal of Corporate Finance Research 2019 Vol. 13 No. 1 P. 7-27
This study is dedicated to estimating the impact of currency risk on the cost of equity in Brazil, Russia, India and South Africa. Our contribution to the literature is that we have obtained evidence on the pricing of exchange rate risk in developing countries, which at the time of writing is quite scarce. This scarcity ...
Added: May 8, 2019
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Awareness of corporate value growth importance for all stakeholders as well as strengthening of intangible assets' role in the process of value creation makes it necessary to study the mechanism of intellectual capital transformation in the resulting indicators. However existing studies show poor development of methods for measuring of value created by the components of ...
Added: October 2, 2012
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Стать посвящена проблеме повышения квалификации и уровня образования работников промышленности. Интенсивная разработка концепции человеческого капитала началась в 50-60-е гг. XX века как попытка объяснить увеличение разрыва в темпах экономического роста и развития между группой промышленно развитых стран и остальными. ...
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