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Agri-Entrepreneurship: Measurement and Evaluation of Intellectual Capital Potential

Author

Listed:
  • Jadranka Deže
  • Tihana Sudarić
  • Ljubica Ranogajec

Abstract

In Central and Eastern European (CEE) business conditions, intellectual capital is becoming increasingly important as a form of intangible rather than tangible capital. The aim of this study is to determine the structure of intellectual capital, identify determinants and evaluate their values for agri-entrepreneurship development. Thereby, potentials are identified and strategic guidelines are created. The research methodology is based on a measurement and evaluation process using calculations of importance weights and ratings and values of all attributes and determinants. It is recognized as human, structural and consumer capital with different attributes and descriptions. Four research questions are tested through research and analysed with a primary focus on the measurement and evaluation of attributes. The results show a predominant value for entrepreneurs' abilities in human capital. Agri-entrepreneurs are found to have the greatest potential in the organizational structure for structural capital. The distribution channel has the highest value in consumer capital. Moreover, the study shows that human capital has the highest value and potential for agri-entrepreneurship development compared with consumer and structural capital. A strategic analysis is applied to connect the proposed guidelines. This research on intellectual capital potential establishes guidelines for strategic goals on which entrepreneurs should focus to increase their competitiveness on the market. Implications for Central European audience: Research on agri-entrepreneurship has been increasing but is still lacking in the CEE region, especially in countries where agriculture is one of the most important economic branches. This conceptual research model is an attempt to formulate an empirical evaluation of the determinants of intellectual capital. It aims to recognize weaknesses and form strategic goals for the production value growth and operations of economic entities in agriculture. The model focuses on intangible capital and its components, which are crucial for small- and medium-sized enterprises in the agricultural sector.

Suggested Citation

  • Jadranka Deže & Tihana Sudarić & Ljubica Ranogajec, 2023. "Agri-Entrepreneurship: Measurement and Evaluation of Intellectual Capital Potential," Central European Business Review, Prague University of Economics and Business, vol. 2023(5), pages 71-92.
    • Handle: RePEc:prg:jnlcbr:v:2023:y:2023:i:5:id:339:p:71-92
    DOI: 10.18267/j.cebr.339
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    References listed on IDEAS

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    1. Tommaso Porzio & Federico Rossi & Gabriella Santangelo, 2022. "The Human Side of Structural Transformation," American Economic Review, American Economic Association, vol. 112(8), pages 2774-2814, August.
    2. Erik Mathijs & Liesbet Vranken, 2001. "Human Capital, Gender and Organisation in Transition Agriculture: Measuring and Explaining the Technical Efficiency of Bulgarian and Hungarian Farms," Post-Communist Economies, Taylor & Francis Journals, vol. 13(2), pages 171-187.
    3. Loretta Huszák & Tim Gittins, 2022. "Understanding the Budapest Entrepreneurial Ecosystem: Human Capital Flows and Social Capital Ties," Central European Business Review, Prague University of Economics and Business, vol. 2022(3), pages 97-125.
    4. Rolandas Drejeris & Astrida Miceikiene & Jurgita Baranauskiene, 2021. "A New Approach to Entrepreneurship Measurement of Agricultural Business Entities: A Case of Lithuania," SAGE Open, , vol. 11(2), pages 21582440211, April.
    5. Sabine Bischoff & Gergana Vladova & Sabina Jeschke, 2011. "Measuring Intellectual Capital," Springer Books, in: Sabina Jeschke & Ingrid Isenhardt & Frank Hees & Sven Trantow (ed.), Enabling Innovation, pages 337-347, Springer.
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    More about this item

    Keywords

    intellectual capital; agri-entrepreneurship; agribusiness;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • 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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