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Manifestation of Intellectual Capital in Trade During Period 2008 – 2018

Author

Listed:
  • Ivanka Nikolova

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Depending on the stage in the economic development the individual factors of production exert various impact on the efficiency of the company performance. The resources which provide competitive advantages for the company in a complex and dynamic business environment are of key importance. The article aims to outline the historical foundations of intellectual capital and focus on some contemporary aspects of its manifestation in the field of domestic trade in Bulgaria during the period 2008- 2018. The conviction that at this stage the most significant resource which contributes to the formation of the mechanism of sustainable development of the company is the intellectual capital is confirmed. The manifestation of intellectual capital in the field of domestic trade is illustrated by using an annual innovation index and conducting an analysis of the structure and dynamics of the intangible assets in “Wholesale trade” and “Retail trade” economic activities. The innovation index in the economic sector “Trade; automobile and motorcycle repair” is lower than the average for the country. The share of intangible assets in non-financial enterprises in the country in both economic activities “Retail trade” and “Wholesale trade” is extremely low. The structure of intangible assets in the trade sector is characterized with inconsistent changes that occur within relatively narrow boundaries.

Suggested Citation

  • Ivanka Nikolova, 2019. "Manifestation of Intellectual Capital in Trade During Period 2008 – 2018," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 370-384, September.
    • Handle: RePEc:nwe:eajour:y:2019:i:3:p:370-384
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    References listed on IDEAS

    as
    1. Pilar BeneitoBy & María Engracia Rochina-Barrachina & Amparo Sanchis, 2017. "Competition and innovation with selective exit: an inverted-U shape relationship?," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 1032-1053.
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    More about this item

    Keywords

    intellectual capital; intangible assets; domestic trade;
    All these keywords.

    JEL classification:

    • N00 - Economic History - - General - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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