Measuring Intellectual Capital using VAIC Calculator

Mohammad, Hapsah S.; Bujang, Imbarine; Naharu, Nasrah

doi:10.6007/ijarbss/v8-i9/4607

Cited by 2 publications

(3 citation statements)

References 18 publications

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“…To assess the intellectual capital of the enterprise, the value added intellectual coefficient (VAIC) was used, calculated by Formula (1) (Mohammad et al, 2018).…”

Section: Methodsmentioning

confidence: 99%

“…ICE where HCEhuman capital efficiency, see Formula (2) SCEstructural capital efficiency, see Formula (3) CCEcapital employed efficiency, see Formula (4) The efficiency of intellectual capital (ICE) is determined by the value added of human (HCE) and structural (SCE) capital (Mohammad et al, 2018).…”

Section: Methodsmentioning

confidence: 99%

“…It should be noted that at present, most researchers (Bontis, 2004;Pike et al, 2005;Mohammad et al, 2018) distinguish three components in the composition of intellectual capital: human, structural and relational capital. Although the components may go by different nameshuman capital (personnel competencies, human assets, human resources); structural capital (organizational, internal); relational capital (client, external, external structure, social capital); etc.in any of the classifications there is human capital, which is the main component of intellectual capital (Bontis, 2004).…”

Section: Literature Reviewmentioning

confidence: 99%

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Intellectual capital and competitiveness of industrial enterprises of the Baltic countries

Pancenko¹,

Titova²

2022

Journal of Business Management

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Introduction to the topic under investigation. With the transition to the information economy, intellectual capital is becoming increasingly important and can be considered as a source of formation of the competitiveness of an enterprise. It should also be noted that despite the many approaches to assessing competitiveness, not all of them withstand criticism or are widely used in practice. Purpose. The purpose of the study is to analyze the intellectual capital and competitiveness of industrial enterprises of the Baltic states. Methodology. The study uses quantitative and qualitative methods; the value added intellectual coefficient (VAIC) was used to assess intellectual capital, while the dynamic method and rating assessment of financial indicators were used to assess the competitiveness of enterprises. Main results. The paper analyses the competitiveness of enterprises and calculates the value added intellectual coefficient (VAIC) of industrial enterprises whose shares are listed on the Nasdaq Baltic market. The study confirms that more efficient use of intellectual capital provides higher indicators of competitiveness of an enterprise; however, the competitiveness of an enterprise is influenced by other factors, for example, the sources of financing used. The theoretical contribution. The dynamic method of assessing the competitiveness of enterprises was employed; it was shown that more effective use of intellectual capital provides an enterprise with competitive advantages. Practical implications. To assess the competitiveness of an enterprise, we use a refined dynamic method, which is supplemented by the VAIC indicator, which will allow us to take into account in the assessment the effectiveness of the use of the intellectual capital of an enterprise. Keywords: intellectual capital, competitiveness, value added intellectual coefficient (VAIC), dynamic method of competitiveness, rating assessment of financial indicators.

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“…To assess the intellectual capital of the enterprise, the value added intellectual coefficient (VAIC) was used, calculated by Formula (1) (Mohammad et al, 2018).…”

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Intellectual capital and competitiveness of industrial enterprises of the Baltic countries

Pancenko¹,

Titova²

2022

Journal of Business Management

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The impact of intellectual capital on ROA as a significant indicator of financial performance

Urošević,

Dukić,

Marković

2024

Bizinfo

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In the modern business, organizations that recognize the value of intellectual resources and incorporate them into their business strategy have a greater chance of long-term success. Through continuous learning, employee development and establishing strong relationships, organizations can improve their competitive position in the market. In this regard, the aim of the paper is to examine the impact of intellectual capital, i.e., its components of human, structural and relational capital, on ROA as a significant indicator of financial performance. For the preparation of the paper, secondary data were used, which were processed with the help of the VAIC method, and then the obtained results were further analyzed using the IBM SPSS program. HCE was found to affect ROA, while SCE and CEE did not. The results of this research contribute to companies to adequately create a business strategy that contains an incorporated ratio of intellectual capital components, with an emphasis on human capital, which is the basis for the success and progress of organizations in the knowledge economy.

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Measuring Intellectual Capital using VAIC Calculator

Cited by 2 publications

References 18 publications

Intellectual capital and competitiveness of industrial enterprises of the Baltic countries

Intellectual capital and competitiveness of industrial enterprises of the Baltic countries

The impact of intellectual capital on ROA as a significant indicator of financial performance

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