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Intellectual Capital Investments: Evidence from Panel Var Analysis
Высшая школа экономики
,
2012.
No. 11.
It is believed that investments in intellectual capital enable a company to create a competitive advantage that results in the ability to earn economic profits and increase company value. However, this influence is reciprocal: Companies that generate more money can invest more funds in intellectual capital. The aim of this study is to use vector autoregression (VAR) to analyze the return on investments for companies in tangible and intellectual assets. This instrument allows us to take into account both the lag effect and the mutual influence of intellectual capital components.
Frolova E., Финансовая аналитика: проблемы и решения 2018 Т. 11 № 3 С. 269-280
Subject This article deals with the issues of management of the bank's value. The consideration covers data from 17 countries for 2000–2015.
Objectives The article aims to identify the most informative indicators for the management of the bank's value in Central and Eastern European countries.
Methods For the study, I used the methods of comparative, statistical, and regression analyses.
Results Based on ...
Added: August 31, 2018
Naidenova I. N., Parshakov P., Journal of Intellectual Capital 2013 Vol. 14 No. 4 P. 634-660
Purpose. Investments in intellectual capital (IC) are often linked to competitive advantages that improve economic profit and increase the value of a company. However, this effect is reciprocal: Companies that generate higher cash flow can invest more in intellectual capital. The aim of this study is to analyze a dynamic relationship between IC components and ...
Added: October 17, 2013
Isakin M., Zavertiaeva M. A., Shakina E., Корпоративные финансы 2010 № 4(16) С. 84-99
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
Nikolaevich Nikolaenko D., Абдухамидов А. В., Управление экономическими системами: электронный научный журнал 2013 № 12
The article contributes to behavioral financial economics a type of empirical research on possible occasions of animal spirit of confidence for the case of venture capitalists based on analysis of impulse response functions derived from corresponding autoregressions describing reaction of some proxies for investment optimism to their spontaneous shocks. For time series of venture capitalists’ ...
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Tkachenko E., Rogova E., Экономическое возрождение России 2017 Т. 3 № 53 С. 57-66
In this article the complex research of a problem of estimation of cost of intellectual assets in the context of adoption of administrative decisions concerning investments into the intellectual capital is conducted. The authors have carried out adaptation and development of the concept of the technological leverege and a brand leverege according to problems of ...
Added: November 15, 2017
Anna A. Bykova, Molodchik M., International Journal of Transitions and Innovation Systems 2012 Vol. 2 No. 4
In recent years, links between spatial proximity, and firms’ formal and informal contacts have become a sufficient subject for research in the field of innovation, competitiveness and sustainable economic growth. We introduce a model for the quantitative evaluation of the relationship between cluster participation and innovation capabilities, as well with a company’s growth in value. ...
Added: November 30, 2012
Prokofyeva T. A., Sergeyev V., Бюллетень транспортной информации 2010 № 8(182) С. 3-10
The article considers the problems of realization of the large projects related to creation of transport-logistics centers (TLC) and other objects of logistics infrastructure with application of the state and private partnership (SPP) mechanism. The foreign experience , possible forms and models of SPP application, requirements for parameters and terms of private capital investment into ...
Added: October 14, 2012
Naidenova I. N., Parshakov P., Zavertiaeva M. A. et al., Measuring Business Excellence 2015 Vol. 4 No. 19 P. 57-71
Purpose. This paper explores whether individual intellectual capital of a fund manager allows mutual fund to outperform market.
Design/methodology/approach The sample includes 85 Russian equity funds for the period of 2013. Firstly Jensen’s alpha for each fund has been calculated and then cross-sectional regression analysis has been used. While only a part of fund managers publish ...
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Malofeeva T. N., Управленческий учет и финансы 2019 № 3 С. 220-238
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 ...
Added: October 17, 2019
Quebeck : Universite Laval, 2013
State Capitalism could be characterized by a triple role of the state: the state performs as a “programmer” to guide economic activity; it acts as a “protector” to safeguard national economic interests; and it also plays the role as a “producer” to create national wealth through its state-owned enterprises (SOEs). However, the influences of State ...
Added: January 6, 2014
Nazarova V., European Social Science Journal 2013 Т. 1 № 8(35) С. 517-528
Contemporary economic development opens the new sphere of the competition – intellectual capital. Those companies have the bigger financial success which hold not only traditional factors of production but also technologies, and which develop actively the intellectual capital. However, at the same time, the concept “intellectual capital” is not enough learned.
A purpose of the article ...
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Supyan V. B., США и Канада: экономика, политика, культура 2014 № 1 С. 003-025
В статье анализируется состояние и динамика российско-американских торгово-экономических отношений. В ней рассматриваются тенденции и факторы развития двусторонней торговли и особенности инвестиционного взаимодействия обеих стран. Даётся оценка проблемам и перспективам двустороннего экономического сотрудничества. ...
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А.В. Аистов, Е.А.Александрова, Прикладная эконометрика 2016 Т. 43 С. 5-28
In this article we introduce econometric model specification that describes time-distributed treatment effect basing on the difference-in-differences approach. It gives us possibility to control for mobility in estimates of wage returns to professional training on the data of a Russian enterprise of 2006–2010. We show that wage growth after some kinds of professional trainings is ...
Added: October 14, 2016
Oskolkova Marina Aleksandrovna, Tomé E., Naidenova I. N., Journal of Intellectual Capital 2014 Vol. 15 No. 1 P. 189-202
Purpose – The purpose of this paper is to present a framework that helps to analyze the dependence between personal welfare and individual (personal) intellectual capital (IIC). The authors also introduce the system of proxy indicator for personal intellectual capital (IC) of football coaches. Design/methodology/approach – This paper employs the idea that personal welfare depends ...
Added: December 27, 2013
Zavertiaeva M. A., Управление корпоративными финансами 2012 № 6(54) С. 344-355
В новой экономике интеллектуальный капитал рассматривается как ключевой ресурс организации, способствующий улучшению финансовых результатов, поэтому у внешних инвесторов, осознающих его значимость, возникает проблема отбора компаний с высокой результативностью его использования. Автор предлагает метод EcRAVE, позволяющий на базе открытой информации оценить созданную компонентами интеллектуального капитала рыночную стоимость, а затем проранжировать компании по их инвестиционной привлекательности. ...
Added: January 30, 2013
Barajas A., Economic Research 2014 Vol. 27 No. 1 P. 1-15
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: October 15, 2014
Vakulenko E., Mkrtchyan N. V., Furmanov K. K., Прикладная эконометрика 2011 № 1 С. 35-55
Using the Rosstat panel data for the 2001-2008 period we estimate the gravity model of migration between Russian regions. We show that though the migration flows have been quite stable, their determinants have changed substantially. Special attention is drawn to the role of distance between the regions. So far we have found out that social ...
Added: September 23, 2012
Самойлов Д. В., Экономический журнал Высшей школы экономики 2010 Т. 14 № 2 С. 244-267
This article deals with the influence of different factors on the RTSI in the period from March 2007 to August 2009. The period is further subdivided into three subperiods − pre-crisis, high oil prices and time of crisis ones. The stationarity testing, the Granger causality analysis, the analysis of cointegration, the impulse response functions and ...
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Aladyshkina A. S., Lakshina V. V., Leonova L. et al., Электронный научный журнал "Социальные аспекты здоровья населения" 2018 Т. 2 № 60 С. 1-15
The younger generation is the demographic, socio-economic and labor potential of the society. Quality of labor resources directly depends upon health status of this population group and is one of the most important components of the country's resource potential. In this regard, a thorough analysis of the pediatric health status determinants is a topical issue.
Currently, ...
Added: May 28, 2018
Shakina E., Barajas A., / Высшая школа экономики. Series MAN "Management". 2014. No. WP BRP 17/MAN/2014.
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: March 17, 2014
Teplykh G., Molodchik M., Финансы и кредит 2013 № 4 С. 73-84
The main driver of corporate growth in modern economy is its intellectual capital (IC). Intangible assets are heterogenous so they are usually perceived in framework of some concrete structure. But by now researchers dont' have consensus about elements of IC. The current study proposes a validation of the structure of IC on the base of ...
Added: October 9, 2012
Molodchik M., Fernandez-Jardon Fernandez C. M., Bykova A., 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
Aistov A., Прикладная эконометрика 2018 Т. 50 С. 23-42
In this paper we compare age-earnings profiles between generations. Our empirical estimates are based on the Russia Longitudinal Monitoring Survey of HSE (RLMS-HSE), 1994–2015. Using intrinsic estimator, we overcome age-period-cohort problem inherent in Mincer-type earnings functions. Comparison presented in the work revealed that some male generations’ income is less than that of the young cohorts ...
Added: July 19, 2018
Feruleva N., Ivashkovskaya I., Journal of Corporate Finance Research 2018 Vol. 12 No. 1 P. 64-76
In this paper we are going to review both theoretical studies in the field of intellectual capital measurement and empirical research, devoted to analyses of intellectual capital influence on companies’ value and financial performance. As a result, potential areas for further investigations in this field were revealed.
Considering groups of intellectual capital measurement methods, we identified ...
Added: July 30, 2018