+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
International Accounting
 

Intellectual capital in the key performance indicator (KPI) system of higher education institutions

Vol. 25, Iss. 8, AUGUST 2022

Received: 23 June 2022

Received in revised form: 26 June 2022

Accepted: 30 June 2022

Available online: 15 August 2022

Subject Heading: Managerial accounting

JEL Classification: М40

Pages: 848–868

https://doi.org/10.24891/ia.25.8.848

Mariya A. VAKHRUSHINA Financial University under Government of Russian Federation, Moscow, Russian Federation
vakhrushina@mail.ru

https://orcid.org/0000-0003-3896-5345

Alina A. VAKHRUSHINA OOO APPS YUNIVERSAL Moscow, Russian Federation
aavakhrushina@mail.ru

https://orcid.org/0000-0002-7664-3489

Subject. This article discusses the issues of the relevant reflection of intellectual capital, as a relatively new category in the management system of higher education institutions, in the KPI system.
Objectives. The article aims to systematize and assess the completeness and relevance of information on intellectual capital in the KPI performance indicator system of the Financial University under the Government of the Russian Federation.
Methods. For the study, we used the methods of quantitative and systematic analysis, grouping and generalization of data, a systems approach, the composition of logical relationships, and the formulation of critical comments and conclusions.
Results. Based on the analysis of the indicators of the leading Russian university regarding the full disclosure of information about intellectual capital in the published strategic reporting, taking into account foreign experience in the formation of KPI of intellectual capital by European universities and general indicators developed by the international organization World Intellectual Capital Initiative (WICI), the article reveals WICI indicators describing the state of client capital objects that can be adapted to the specifics of scientific and educational activities and included in the KPI of the Financial University.
Conclusions. Indicators characterizing the state and development of human and structural capital were found in the reporting of foreign universities. They are not reflected in the Development Programme of the Financial University and are of interest for further improving the system of performance indicators of the University.

Keywords: knowledge-based capital, key performance indicators, intellectual capital indicators, university

References:

  1. Polevaya M.V. [Performance evaluation system of employees of higher education institutions: current practice and key performance indicators]. Sotsial'no-trudovye issledovaniya = Social & Labor Research, 2019, no. 4, pp. 98–105. (In Russ.) URL: Link
  2. Vakhrushina M.A., Vakhrushina A.A. Raskrytie informatsii ob intellektual'nom kapitale vuzov: teoriya i praktika: monografiya [Disclosure of information about intellectual capital of universities: theory and practice: a monograph]. Moscow, INFRA-M Publ., 2021, 265 p.
  3. Polevaya M.V., Gruzina Yu.M., Kamneva E.V. et al. Otsenka effektivnosti raboty sotrudnikov i rukovoditelei uchrezhdenii vysshego obrazovaniya na osnove KPI: monografiya [Assessment of the performance of employees and heads of higher education institutions on the basis of KPI: a monograph]. Moscow, Finansovyi universitet Publ., 2019, 218 p.
  4. Bulyga R.P. [A concept of the Russian higher educational institutions public reporting]. Finansy: teoriya i praktika = Finance: Theory and Practice, 2015, no. 6, pp. 156–170. URL: Link (In Russ.)
  5. Busygin D.Yu. [Formation of the report on the intellectual capital of the university]. Bukhgalterskii uchet i analiz = Accounting and Analysis, 2019, no. 8, pp. 24–29. (In Russ.)
  6. Endovitskii D.A., Belenov B.O. [Modeling a complex analysis of higher education institutions' activities using public reporting data]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2015, vol. 14, iss. 8, pp. 2–13. URL: Link (In Russ.)
  7. Vakhrushina M.A., Knyazyuk N.D. [The concept of public integrated reporting of universities]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2019, vol. 22, iss. 6, pp. 604–617. (In Russ.) URL: Link
  8. Todericiu R., Stanit A. Universities Intellectual Capital. Revista Academiei Forţelor Terestre, 2016, no. 4(84), pp. 348–356. URL: Link
  9. Ramirez Y., Tejada A., Manzaneque M. The Value of Disclosing Intellectual Capital in Spanish Universities: A New Challenge of Our Days. Journal of Organizational Change Management, 2016, vol. 29, iss. 2, pp. 176–198. URL: Link
  10. Sangiorgi D., Siboni B. The Disclosure of Intellectual Capital in Italian Universities: What Has Been Done and What Should Be Done. Journal of Intellectual Capital, 2017, vol. 18, no. 2, pp. 354–372. URL: Link
  11. Erlandsson F., Lundberg G. Intellectual Capital Reporting: An Explorative and Explanative Study of How Universities in Sweden Report on IC Information: Master Thesis. Kristianstad, Kristianstad University, 2017, 100 p. URL: Link

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 27, Iss. 3
March 2024

Archive