IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2019i1p49-54.html
   My bibliography  Save this article

Transdisciplinary Approach to Increase of Company's Intellectual Capital Management Efficiency

Author

Listed:
  • Hanna Mysaka

    (Taras Shevchenko National University of Kyiv, Kyiv, Ukraine)

  • Ivan Derun

    (Taras Shevchenko National University of Kyiv, Kyiv, Ukraine)

Abstract

The Fourth Industrial Revolution entails the emergence of a fundamentally new type of industrial production, in which intellectual capital will play the role of the most important factor of production. This necessitates the operative and rational management of its components in order to achieve the complex implementation of the company's competitive advantages. Stakeholders need high-quality information and analytical support to increase the efficiency of company's intellectual capital use. The goal of the paper is to determine the priority of financing the elements of primary (human capital) and secondary (structural capital) intellectual capital based on accounting data and financial statements which are determined at the various stages of business life cycle in order to maximize the results of its activities. Methods of analysis and synthesis, modeling, tables and graphics research are used that to achieve this goal. The authors analyze the existing classifications of intellectual capital and define the financial indicators of primary intellectual capital and secondary intellectual capital at different stages of business life cycle. The cost of primary intellectual capital is proposed to include: wage and bonus; training and professional development of employees; certification of personnel; additional pension provision; business trips, participation and conducting of exhibitions, presentations; recruiting. Instead, capitalized costs should be attributed to the value of secondary intellectual capital, in particular: for intellectual property and information infrastructure; licenses; registered trademarks; franchises, etc. In addition, the elements of secondary intellectual capital are reflected in period costs (costs for the formation, support and development of corporate culture, customer base, research and development, structural reorganization, etc.). The authors propose a matrix of priority financing of components of intellectual capital at various stages of business life cycle.

Suggested Citation

  • Hanna Mysaka & Ivan Derun, 2019. "Transdisciplinary Approach to Increase of Company's Intellectual Capital Management Efficiency," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 49-54, March.
  • Handle: RePEc:iaf:journl:y:2019:i:1:p:49-54
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/634-transdisciplinarniy-pidhid-v-pidvischenni-efektivnosti-upravlinnya-intelektualnim-kapitalom-kompanii.pdf
    Download Restriction: no

    File URL: http://www.afj.org.ua/en/article/634/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Leire Alcaniz & Fernando Gomez-Bezares & Robin Roslender, 2011. "Theoretical perspectives on intellectual capital: A backward look and a proposal for going forward," Accounting Forum, Taylor & Francis Journals, vol. 35(2), pages 104-117, June.
    2. Alcaniz, Leire & Gomez-Bezares, Fernando & Roslender, Robin, 2011. "Theoretical perspectives on intellectual capital: A backward look and a proposal for going forward," Accounting forum, Elsevier, vol. 35(2), pages 104-117.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wilder Quintero-Quintero & Ana Beatriz Blanco-Ariza & Manuel Alfonso Garzón-Castrillón, 2021. "Intellectual Capital: A Review and Bibliometric Analysis," Publications, MDPI, vol. 9(4), pages 1-23, October.
    2. Giuseppe Marzo, 2013. "Some Unintended Consequences of Metaphors: The Case of Capital in Intellectual Capital Research," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2013(3-4), pages 111-140.
    3. Wasim ul Rehman & Faryal Jalil & Omur Saltik & Suleyman Degirmen & Mustafa Bekmezci, 2024. "Leveraging Strategic Innovation and Process Capabilities for Intellectual Capital Initiative Performance of Higher Education Institutes (HEIs): A Knowledge-Based Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4161-4202, March.
    4. Yuri Biondi & Antoine Rebérioux, 2012. "The governance of intangibles: Rethinking financial reporting and the board of directors," Accounting Forum, Taylor & Francis Journals, vol. 36(4), pages 279-293, December.
    5. Roslender, Robin & Marks, Abigail & Stevenson, Joanna, 2015. "Damned if you do, damned if you don’t: Conflicting perspectives on the virtues of accounting for people," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 27(C), pages 43-55.
    6. Stefania Veltri & Giovanni Bronzetti, 2015. "A Critical Analysis of the Intellectual Capital Measuring, Managing, and Reporting Practices in the Non-profit Sector: Lessons Learnt from a Case Study," Journal of Business Ethics, Springer, vol. 131(2), pages 305-318, October.
    7. Ur Rehman, Mujeeb & Ahmed, Khalid & Qazi, Ahmer Qasim, 2014. "A study of causality between disintegrated intellectual capital and firm performance," Sukkur IBA Journal of Management and Business, Sukkur IBA University, vol. 1(1), pages 1-19, October.
    8. Lina Xu & Steven Dellaportas & Jin Wang, 2022. "A study of interdisciplinary accounting research: analysing the diversity of cited references," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2131-2162, June.
    9. FitzPatrick, Mary & Davey, Janet & Muller, Lisa & Davey, Howard, 2013. "Value-creating assets in tourism management: Applying marketing's service-dominant logic in the hotel industry," Tourism Management, Elsevier, vol. 36(C), pages 86-98.
    10. Corinne Ollier Bessieux & Emmanuelle Negre & Marie-Anne Verdier, 2022. "Moving from Accounting for People to Accounting with People: A Critical Analysis of the Literature and Avenues for Research," Post-Print hal-03889478, HAL.
    11. Rocco Frondizi & Chiara Fantauzzi & Nathalie Colasanti & Gloria Fiorani, 2019. "The Evaluation of Universities’ Third Mission and Intellectual Capital: Theoretical Analysis and Application to Italy," Sustainability, MDPI, vol. 11(12), pages 1-23, June.
    12. Roslender, Robin & Stevenson, Joanna E. & Kahn, Howard, 2012. "Towards recognising workforce health as a constituent of intellectual capital: Insights from a survey of UK accounting and finance directors," Accounting forum, Elsevier, vol. 36(4), pages 266-278.
    13. Syed Mir Muhammad Shah & Umair Ahmed & Abdussalaam Iyanda Ismail & Soleman Mozammel, 2021. "Going Intellectually Green: Exploring the Nexus between Green Intellectual Capital, Environmental Responsibility, and Environmental Concern towards Environmental Performance," Sustainability, MDPI, vol. 13(11), pages 1-22, June.

    More about this item

    Keywords

    secondary intellectual capital; business life cycle; intellectual capital; human capital; primary intellectual capital; structural capital;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2019:i:1:p:49-54. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.