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Economic Analysis: Theory and Practice

Intellectual capital: Interpretation and analysis

Vol. 15, Iss. 7, JULY 2016

PDF  Article PDF Version

Received: 19 April 2016

Received in revised form: 29 April 2016

Accepted: 16 May 2016

Available online: 27 July 2016


JEL Classification: D46, O15, O20

Pages: 96-105

Ustinova L.N. Kazan State University of Architecture and Engineering, Kazan, Republic of Tatarstan, Russian Federation

Sirazetdinov R.M. Kazan State University of Architecture and Engineering, Kazan, Republic of Tatarstan, Russian Federation

Matveeva E.S. Kazan State University of Architecture and Engineering, Kazan, Republic of Tatarstan, Russian Federation

Importance The economy's ability to create and efficiently use intellectual capital increasingly determines the economic power of enterprises and their prosperity. Intellectual capital becomes significant in enterprise's activities, when there is an accurate methodology for its assessment that reflects high potential of the enterprise and perfect mechanisms of the potential management, owing to which the management acquires certain content and manifestation, and the function of intellectual capital management – practical realization.
Objectives The paper aims to study the chronological development of intellectual capital. The objective necessitates an investigation of the intellectual capital concept, a review of major approaches to interpretation of the essence of intellectual capital, an analysis of different approaches to the term.
Methods The methodology rests on methods of analysis, data evaluation, and the systems approach. Results Based on the findings, we present a generalized table of chronological development of the intellectual capital term, structured approaches and concepts with the indication of prevailing element in the concept.
Conclusions and Relevance The obtained results may serve as a basis for further research in this category of capital.

Keywords: intellectual capital, innovation, development


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