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Knowledge-Based Economy - Key Issues In The Intellectual Capital Measurement By Example Of Two Hungarian Stock Exchange Companies

Author

Listed:
  • Tibor TARNÓCZI

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

  • Veronika FENYVES

    (Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary)

Abstract

In their article, the authors emphasize the importance of measuring intellectual capital. The difference between the company's market and book value is intellectual capital, which has been present within knowledge-based society for decades. A number of economists have made suggestions related to its measurement; however, no unified standpoint has been developed. Therefore, currently its value does not appear in financial statements. The reason for this is the fact that while the recorded book value of enterprises is tangible, the value of intellectual capital is difficult to quantify, it is a so-called hidden value. In the scope of their study, the authors discuss the relevance of measuring intellectual capital by describing their results provided by Baruch Lev's knowledge capital valuation.

Suggested Citation

  • Tibor TARNÓCZI & Veronika FENYVES, 2018. "Knowledge-Based Economy - Key Issues In The Intellectual Capital Measurement By Example Of Two Hungarian Stock Exchange Companies," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 17, pages 137-150, September.
    • Handle: RePEc:cmj:seapas:y:2018:i:17:p:137-150
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    References listed on IDEAS

    as
    1. Gio Wiederhold, 2014. "Valuing Intellectual Capital," Management for Professionals, Springer, edition 127, number 978-1-4614-6611-6, March.
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    More about this item

    Keywords

    Intangibles; intellectual capital; Human capital; Relational capital; Organizational capital; Value Added Intellectual Coefficient (VAIC);
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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