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The Relationship Between Intellectual Capital Quality And Corporate Performances: An Empirical Study Of Russian And European Companies

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  • Angel Barajas
  • Elena Shakina

Abstract

The purpose of this research is to develop cost-effectiveness tools for the analysis of a 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 issues in this research, including common cross-sectional and panel data analysis, and the instrumental variables method. The database collected for this purpose will consist of financial and economic indicators underlying the intellectual capital evaluation, such as strategic performance indicators (EVA© and FGV©). The dataset includes companies from different countries and industries according to the Knowledge Economy Index of the World Bank. The industries presented in the dataset are selected according to the predominance of several intellectual capital elements. The database includes financial services, wholesale and retail trade, machinery and equipment manufacture, the chemical industry, and transport and communications. As a result of the empirical research, we expect to answer the following questions: •Is there a close relationship between intellectual capital quality and company performance? •What are the external and internal factors affecting this relationship? (country, industry, company size, market dynamics, etc.)

Suggested Citation

  • Angel Barajas & Elena Shakina, 2012. "The Relationship Between Intellectual Capital Quality And Corporate Performances: An Empirical Study Of Russian And European Companies," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 57(192), pages 79-98, January –.
    • Handle: RePEc:beo:journl:v:57:y:2012:i:192:p:79-98
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    References listed on IDEAS

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    1. Nancy Gallini & Suzanne Scotchmer, 2002. "Intellectual Property: When Is It the Best Incentive System?," NBER Chapters, in: Innovation Policy and the Economy, Volume 2, pages 51-78, National Bureau of Economic Research, Inc.
    2. Bontis, Nick & Dragonetti, Nicola C. & Jacobsen, Kristine & Roos, Göran, 1999. "The knowledge toolbox:: A review of the tools available to measure and manage intangible resources," European Management Journal, Elsevier, vol. 17(4), pages 391-402, August.
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    Citations

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    Cited by:

    1. Elena Shakina & Angel Barajas, 2014. "Intangible-Intensive Profile Of A Company: The Key To Outperforming," HSE Working papers WP BRP 22/MAN/2014, National Research University Higher School of Economics.
    2. Elena Shakina & Angel Barajas, 2014. "The Changing Role Of Intellectual Resources During The Economic Crisis Of 2008-2009," HSE Working papers WP BRP 17/MAN/2014, National Research University Higher School of Economics.
    3. repec:hig:wpaper:33man2015 is not listed on IDEAS
    4. Elena Shakina & Maria Molodchik, 2013. "Intangible-driven value creation: supporting and obstructing factors," HSE Working papers WP BRP 24/FE/2013, National Research University Higher School of Economics.
    5. Andreeva, T. & Garanina, T., 2015. "Intellectual capital elements and organizational performance of Russian manufacturing companies," Working Papers 6413, Graduate School of Management, St. Petersburg State University.
    6. Barajas, Angel & Shakina, Elena & Fernández-Jardón, Carlos, 2017. "Acceleration effect of intangibles in the recovery of corporate performance after-crisis," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1115-1122.

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    More about this item

    Keywords

    intellectual capital; institutional drivers; company performance;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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