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Assessment of the intellectual capital evaluation practices in Romanian IT companies

Author

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  • Incze Cynthia Bianka

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Vasilache Simona

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Intellectual capital started to raise and become a focal point of many businesses as they started invest in their own knowledge based activities and recognize its importance. In today’s world can be observed a more dynamic, flexible and growth oriented business environment than ever. Thus, the need for an increased amount of intangible assets in businesses lead to the recognition of the intellectual capital as a competitive advantage and strategic asset. Due to its expanding importance and relevance a significant number of measurement, valuation and evaluation methods were developed. Consensus regarding different methods was not yet reached, but all these methods are designed to help to get an approximation of the reality, thus contributing in short-term and long-term decision making. The aim of the paper is to assess the level of intellectual capital evaluation practices in multinational IT companies and IT SMEs in Romania. The study is questionnaire based and represents a mix of quantitative and qualitative research. Overall, although the challenge of intellectual capital evaluation remains significant, this study leads to the opportunity to identify evaluation patterns, best practices and a short list of useful evaluation indicators for businesses which already are or could be implemented in the near future.

Suggested Citation

  • Incze Cynthia Bianka & Vasilache Simona, 2019. "Assessment of the intellectual capital evaluation practices in Romanian IT companies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 870-882, May.
    • Handle: RePEc:vrs:poicbe:v:13:y:2019:i:1:p:870-882:n:76
    DOI: 10.2478/picbe-2019-0076
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    References listed on IDEAS

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    1. Guthrie, James & Ricceri, Federica & Dumay, John, 2012. "Reflections and projections: A decade of Intellectual Capital Accounting Research," The British Accounting Review, Elsevier, vol. 44(2), pages 68-82.
    2. Tobin, James, 1969. "A General Equilibrium Approach to Monetary Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 1(1), pages 15-29, February.
    3. Marta-Christina SUCIU & Alexandru GHITIU-BRATESCU & Ana-Maria NEAGU & Mina FANEA-IVANOVICI, 2010. "Knowledge Management And Its Impact On Education And Lifelong Learning," Proceedings of the 5th International Conference on Knowledge Management: Projects, Systems and Technologies,Bucharest, November 12-13 2010 4, Faculty of Economic Cybernetics, Statistics and Informatics, Academy of Economic Studies and National Defence University "Carol I", Department for Management of the Defence Resources and Education.
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