Transformation of the intellectual capital structure and a growth in the significance of its components – human capital and intellectual property – in today's economy
Subject. Currently, as the global economy evolves, its innovative components should demonstrate a tendency of accelerated growth as intellectual capital, information technologies, increasing knowledge and digitization of mushrooming production processes. Nowadays, intellectual capital is one of the economic development drivers. However, the economic community is found to have no generally accepted wording of the concept, thus laying the basis for this article. Objectives. The study sums up the analysis of approaches used by the Russian and foreign economists to determining the economic substance of intellectual capital. We also identify the importance of human capital as its components and specify the definition of the concept. Methods. The article overviews and analyzes proceedings by the most renowned authors, which substantiate how the economic substance of intellectual capital should be unveiled, and suggest its definitions. Results. We specified the definition of intellectual capital concerning the current economic development. We suggest integrating a new component into intellectual capital, such as intellectual property, which includes products of intellectual activity and intangible assets. They can be owned by the entity or other legal entities and individuals, including some employees of the entity. Conclusions. The specified definition of intellectual capital will help address issues of sustainable economic development and ensure the competitiveness of the Russian entities nationwide and worldwide, since it directly contributes to intellectual capital and its components.
Khrustalev Å.Yu., Slavyanov À.S. [Special aspects of applying foreign experience in intellectual property protection when formulating a national innovation strategy]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 4, pp. 665–676. (In Russ.) URL: Link
Dumay J., Garanina T. Intellectual Capital Research: A Critical Examination of the Third Stage. Journal of Intellectual Capital, 2013, vol. 14, no. 1, pp. 10–25. URL: Link
Galbraith J.K. Novoe industrial'noe obshchestvo: izbrannoe [The New Industrial State]. Moscow, Eksmo Publ., 2008, 1189 p.
Petty R., Guthrie J. Intellectual Capital Literature Review: Measurement, Reporting and Management. Journal of Intellectual Capital, 2000, vol. 1, no. 2, pp. 155–176. URL: Link
Stewart T.A. Your Company's Most Valuable Asset: Intellectual Capital. Fortune, 1994, vol. 130, pp. 68–74.
Brooking A. Intellectual Capital: Core Asset for the Third Millennium Enterprise. London, Thompson International Press, 1996, 224 p.
Brooking À. Intellektual'naya sobstvennost' [Intellectual Capital]. St. Petersburg, Piter Publ., 2001, 288 p.
Daum J.H. Intangible Assets and Value Creation. Bonn, Galileo Press, 2002, 444 ð.
Edvinsson L. Korporativnaya dolgota. Navigatsiya v ekonomike, osnovannoi na znaniyakh [Corporate Longitude: What You Need to Know to Navigate the Knowledge Economy]. Moscow, INFRÀ-Ì Publ., 2005, 252 p.
Edvinsson L. Developing Intellectual Capital at Skandia. Long Range Planning, 1997, vol. 30, iss. 3, pp. 366–373. URL: Link90248-X
Edvinsson L. Some Perspectives on Intangibles and Intellectual Capital. Journal of Intellectual Capital, 2000, vol. 1, no. 1, pp. 12–16. URL: Link
Roos G., Pike S., Fernstrom L. Managing Intellectual Capital. In: Practice. Burlington, MA, Elsevier Publications, 2005, 385 p.
Guthrie J., Petty R., Ricceri F. The Voluntary Reporting of Intellectual Capital: Comparing Evidence from Hong Kong and Australia. Journal of Intellectual Capital, 2006, vol. 7, no. 2, pp. 254–271. URL: Link
Boedker C., Mouritsen J., Guthrie J. Enhanced Business Reporting: International Trends and Possible Policy Directions. Journal of Human Resource Costing and Accounting, 2008, vol. 12, iss. 1, pp. 14–25. URL: Link
Roslender R., Stevenson J. Accounting for People: A Real Step Forward or More a Case of Wishing and Hoping? Critical Perspectives on Accounting, 2009, vol. 20, iss. 7, pp. 855–869. URL: Link
Massingham P., Nguyen T.N.Q., Massingham R. Using 360 Degree Peer Review to Validate Self-Reporting in Human Capital Measurement. Journal of Intellectual Capital, 2011, vol. 12, no. 1, pp. 43–74. URL: Link
Guthrie J., Ricceri F., Dumay J. Reflections and Projections: A Decade of Intellectual Capital Accounting Research. British Accounting Review, 2012, vol. 44, iss. 2, pp. 68–82. URL: Link
Leont'ev B.B. Tsena intellekta. Intellektual'nyi kapital v rossiiskom biznese [The cost of intellectual capital. Intellectual capital in the Russian business environment]. Moscow, Àktsioner Publ., 2002, 196 p.
Faskhiev Kh.À. [The intellectual capital – the basis of innovative development of the enterprise]. Vestnik Ufimskogo gosudarstvennogo aviatsionnogo tekhnicheskogo universiteta = Bulletin of USATU, 2012, vol. 12, no. 1, pp. 207–219. URL: Link (In Russ.)
Suprun V.À. Intellektual'nyi kapital: glavnyi faktor konkurentosposobnosti ekonomiki v XXI veke [Intellectual capital: The main competitiveness factor in the 21st century]. Moscow, LENAND Publ., 2016, 200 p.
Kolomytsevà Î.Yu., Chekudaev K.V., Chekudaevà I.À., Druchininà À.V. [Evaluation methods of the intellectual capital of the enterprise as a factor of production]. Vestnik VGUIT = Proceedings of Voronezh State University of Engineering Technologies, 2016, no. 4, pp. 280–283. (In Russ.) URL: Link
Bashirova À.G. [Intellectual capital as a competitive advantage]. Vestnik Kazanskogo gosudarstvennogo agrarnogo universiteta = Vestnik of Kazan State Agrarian University, 2010, vol. 1, pp. 10–14. (In Russ.)
Shepelev V.Ì., Gavrilova Ì.À. [The gnosis of the basics of understanding the economic potential of the national economy]. Vestnik Samarskogo gosudarstvennogo tekhnicheskogo universiteta. Ser. Ekonomicheskie nauki = Bulletin of Samara State Technical University. Series Economic Sciences, 2012, no. 1, pp. 31–40. (In Russ.)
Buzgalin À., Kolganov À. [Human being, market and capital in the 21st century economy]. Voprosy Ekonomiki, 2006, no. 3, pp. 125–141. (In Russ.) URL: Link
Larin S.N., Ìàlkov U.Kh., Gerasimovà L.I. [Analyzing the existing models of the demand for professional talent]. Uspekhi sovremennoi nauki i obrazovaniya = Success of Modern Science and Education, 2017, vol. 1, no. 3, pp. 56–61. (In Russ.)
Àleksandrov I.N. [Evaluation of the intellectual capital through the prism of economic potential of an organization]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2016, no. 3, pp. 65–67. URL: Link (In Russ.)
Novgorodov P.À. [Intellectual capital: notion, essence, structure]. Vestnik Udmurtskogo universiteta. Ser. Ekonomika i pravo = Bulletin of Udmurt University. Series Economics and Law, 2017, vol. 27, no. 2, pp. 38–49. URL: Link (In Russ.)
Ustinovà Î.Å. [Intellectual capital: approaches to the determination of value-semantic content]. Ekonomika: vchera, segodnya, zavtra = Economics: Yesterday, Today, Tomorrow, 2017, vol. 7, no. 2À, pp. 200–209. (In Russ.)
Znamenskaya À.N., Larin S.N., Noakk N.V. et al. [Justification of the key role of managerial and professional competence of staff in he formation of the intellectual capital of enterprises]. Finansovaya ekonomika = Financial Economy, 2019, no. 4-1, pp. 58–62. (In Russ.)
Larin S.N., Khrustalev E.Yu., Stebenyaeva T.V., Larina T.S. [Methods and technologies for the professional development of science-intensive and high-tech industries]. Politematicheskii setevoi elektronnyi nauchnyi zhurnal Kubanskogo gosudarstvennogo agrarnogo universiteta, 2016, no. 1, pp. 117–132. (In Russ.) URL: Link
