Review article
https://doi.org/10.20867/thm.15.2.11
Measurement and management of intellectual capital
Dragomir Sundać
; University of Rijeka, Faculty of Economics in Rijeka, Croatia
Irena Fatur Krmpotić
; University of Rijeka, Faculty of Economics in Rijeka, Croatia
Abstract
Modern companies work in the conditions of so called New economy, where the knowledge becomes the basic economic resource. Traditional resources as land, capital and labour are determined by
diminishing returns; knowledge instead is connected with increasing returns. Knowledge that can be used in the company for creating value represents the intellectual capital. By measuring intellectual capital, company can manage it. This paper shows concise overview of used methods for measuring intellectual capital. Authors measured intellectual capital in four companies in Croatia using Calculated Intangible Value (CIV) as a method. Results of measuring intellectual capital are complemented with traditional financial ratios. However, intellectual capital statement gives real outlook in competitive advantage of certain company. Every modern company should measure its intellectual capital value and report it as a supplement to
traditional balance sheets.
Keywords
intellectual capital; knowledge economy; measuring intellectual capital; Calculated Intangible Value
Hrčak ID:
64645
URI
Publication date:
10.12.2009.
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