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Monetary valuation of intellectual human capital in innovative activity

Author

Listed:
  • ?arina Fedotova

    (Financial University under the Government of the Russian Federation)

  • Olga Loseva

    (Financial University under the Government of the Russian Federation)

  • Olga Kontorovich

    (Financial University under the Government of the Russian Federation)

Abstract

The article views the structure of an organization’s intellectual human capital, which integrates both employees’ intellectual, professional and personal abilities to perform innovation activity and their results achieved in the process of this activity. The authors prove the role of intellectual human capital in improving an organization’s innovation activity. Basing on the cost, income, expert and psychological approaches, the article develops the intellectual capital monetary valuation model focused on an increase in the objectivity of measuring its value by means of the individual intellectual and performance report. The application of this model is aimed at activating the innovative development of social and economic entities by increasing the quality and efficiency of intellectual human capital.

Suggested Citation

  • ?arina Fedotova & Olga Loseva & Olga Kontorovich, 2015. "Monetary valuation of intellectual human capital in innovative activity," Working Papers 134/2015, Institute of Economic Research, revised May 2015.
    • Handle: RePEc:pes:wpaper:2015:no134
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    More about this item

    Keywords

    intellectual human capital; value; valuation; innovation activity;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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