Economic Analysis: Theory and Practice
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Analysis of integrated reporting: Intellectual capital

Vol. 15, Iss. 10, OCTOBER 2016

PDF  Article PDF Version

Received: 2 August 2016

Received in revised form: 16 August 2016

Accepted: 30 August 2016

Available online: 1 November 2016

Subject Heading: ANALYSIS OF INTELLECTUAL CAPITAL

JEL Classification: G30, G32

Pages: 53-67

Kogdenko V.G. National Research Nuclear University MEPhI, Moscow, Russian Federation
kogdenko7@mail.ru

Subject The article considers the analysis of intellectual capital within the framework of company's integrated reporting analysis.
Objectives The aim is to develop a methodology for a complex analysis of intellectual capital, taking into account the information to be provided in integrated reporting.
Methods The methodological basis of intellectual capital analysis includes objective principles of systems approach, provisions of economic analysis, logical and comprehensive approach to economic phenomena and processes. The method was developed based on the international integrated reporting standard.
Results I developed a method to analyze intellectual capital, which includes three stages. During the first stage, the value of all intangible capital is determined (including intellectual, social, reputation and human capital) based on market capitalization, fundamental value and return on assets. At the second stage, the composition, structure and condition of intellectual capital are investigated. Intellectual property and organizational capital, which includes process and innovative capital, are analyzed separately. At the third stage, the efficiency and value of intellectual capital are assessed. For these purposes, I apply a method for count up, fundamental value method and point evaluation method.
Conclusions and Relevance The article reviews problems of the analysis of intellectual capital, and offers a method of complex analysis. It may be useful for analysts evaluating the company's activities on the basis of integrated reporting.

Keywords: integrated reporting, economic analysis, intellectual capital, innovation

References:

  1. Steward T.A. Intellektual'nyi kapital. Novyi istochnik bogatstva organizatsii [Intellectual Capital: The New Wealth of Organization]. Moscow, Pokolenie Publ., 2007, 368 p.
  2. Blinov S.S. [Intellectual capital: Its identification and role in the knowledge economy]. Korporativnye finansy = Corporate Finance, 2010, no. 4, pp. 100–112. (In Russ.)
  3. Ermolaenko V.V., Popova E.D. [Intellectual capital of a corporation: Its nature, structure, development strategy and management model]. Chelovek. Soobshchestvo. Upravlenie = Human. Community. Management, 2012, no. 2, pp. 110–122. (In Russ.)
  4. Bobryshev A.D., Tarabrin M.B., Tarabrin K.M. Formirovanie biznes-modeli ustoichivoi proizvodstvennoi kompanii [Formation of a business model of a sustainable production company]. Available at: Link. (In Russ.)
  5. Ivashkovskaya I.V., Baiburina E.R. [The role of intellectual capital in creating the value of large Russian companies: Empirical research experience]. Vestnik Finansovoi akademii = Bulletin of Financial Academy, 2007, no. 4, pp. 53–63. (In Russ.)
  6. Ermolaenko V.V. [Competitive advantages and corporation capital formation]. Scientific Journal of KubSAU, 2008, no. 37. (In Russ.) Available at: Link.
  7. Bendikov M.A., Dzhamai E.V. [Identification and evaluation of intellectual capital of the innovation-oriented enterprise]. Ekonomicheskaya nauka sovremennoi Rossii = Economics of Contemporary Russia, 2001, no. 4, pp. 83–106. (In Russ.)
  8. Baiburina E.R., Grebtsova E.G. [Disclosure of intellectual capital and its impact on company's value in emerging capital markets]. Korporativnye finansy = Corporate Finance, 2012, no. 4, pp. 113–129. (In Russ.)
  9. Kuzubov S.A. [Results of round-table conference Intellectual Capital of Companies: Measurement and Reporting]. Korporativnye finansy = Corporate Finance, 2015, no. 2, pp. 76–78. (In Russ.)
  10. Berezinets I.V., Udovichenko O.M., Sysolyatina E.V. [Evaluation of the contribution of intellectual capital to company’s value creation]. Korporativnye finansy = Corporate Finance, 2010, no. 3, pp. 5–22. (In Russ.)
  11. Sveiby K.-E. Methods for Measuring Intangible Assets. Available at: Link.
  12. Romanteev P.V. [An analytical review of methods to assess intellectual capital]. Ekonomika, predprinimatel'stvo i pravo = Economics, Business and Law, 2011, no. 3, pp. 36–48. (In Russ.)
  13. Shakina E.A., Blinov S.S. [Assessing the share of intellectual capital in company's value]. Korporativnye finansy = Corporate Finance, 2010, no. 2, pp. 47–61. (In Russ.)
  14. Harrison M. Iskusnyi investor. Upravlyaite svoimi investitsiyami professional'no [Empowered Investor: Manage Your Investments the Way the Professionals Do]. Moscow, Olimp-Biznes Publ., 2006, 270 p.
  15. Kaplan R.S., Norton D.P. Sbalansirovannaya sistema pokazatelei. Ot strategii k deistviyu [The Balanced Scorecard: Translating Strategy into Action]. Moscow, Olimp-Biznes Publ., 2006, 320 p.
  16. Salikhov B.V., Neimatova B.A. [Functional structure of enterprise's intellectual capital as an object of control]. Kreativnaya ekonomika = Journal of Creative Economy, 2008, no. 11, pp. 50–58. (In Russ.)
  17. Jeroen P. van den Berg. Sklad kak konkurentnoe preimushchestvo [Highly Competitive Warehouse Management]. Moscow, Al'pina Pablisher Publ., 2016, 344 p.
  18. Gorbunov V.D. [Organizational capital of the enterprise]. Chelyabinskii gumanitarii = Chelyabinsk Humanitarian, 2010, no. 10, pp. 27–32. (In Russ.)
  19. Tyurina E.I., Ivaninskii I.O. [The impact of intellectual capital on financial decisions of companies]. Korporativnye finansy = Corporate Finance, 2010, no. 3, pp. 95–103. (In Russ.)
  20. Dukhnich Yu. Intellektual'nyi kapital: sostavlyayushchie, upravlenie, otsenka [Intellectual capital: Components, management, evaluation]. Available at: Link. (In Russ.)
  21. Postrelova A.V., Donskova M.V. Otsenka intellektual'nogo kapitala predpriyatiya. V kn.: Problemy i perspektivy ekonomiki i upravleniya. T. 2 [Evaluation of company’s intellectual capital. In: Problems and prospects for economy and management. Vol. 2]. St. Petersburg, Renome Publ., 2013, pp. 53–56.

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 18, Iss. 11
November 2019

Archive