Value added intellectual coefficient (VAIC): an empirical study

Paknezhad, Mehrnaz; Ahmadkhani, Ahmad

doi:10.5267/j.msl.2012.01.006

Cited by 5 publications

(3 citation statements)

References 15 publications

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“…Several studies evaluate the level of value creation efficiency of intellectual capital, capital employed efficiency, and VAIC TM (Muhammad & Ismail, 2009;Laing, Dunn & Hughes-Lucas, 2010;Chang & Hsieh, 2011;Paknezhad & Ahmadkhani, 2012;Shaban & Kavida, 2013;FitzPatrick, Davey, Muller & Davey, 2013;Sumedrea, 2013;Bontis, Janoševic & Dženopoljac, 2015;Maji & Goswami, 2016;Flores et al, 2017;Kamath, 2017;Pradana, Nidar & Aripin, 2018;Yilmaz & Acar, 2018). Based on that framework, this study identifies the value added that contributes to value creation in organizations and analyses this value between Portuguese tourism regions because of the impact of the Pandemic Crisis in the sector.…”

Section: Methodsmentioning

confidence: 99%

Impact of Covid-19 in the VAICTM in the hospitality industry: the Portuguese case

Costa

2022

ICTR

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This work aims to identify the efficiency of intellectual capital in companies in the hospitality sector and to analyse the impact that the Covid pandemic has on the efficiency of intellectual capital in Portuguese regions. This study applies the Value Added Intellectual Coefficient (VAICTM) method according to Pulic (1998). The economic and financial data come from the Iberian Balance sheet Analysis System (SABI). The study was conducted with a selection of active companies with turnover in the years 2019 and 2020, resulting in a sample of 4.383 hotels in Portugal in the pre-pandemic period (the year 2019) and in the pandemic period (the year 2020). This study identifies the value added that contributes to value creation in organizations and analyses this value between Portuguese tourism regions because of the impact of the Pandemic Crisis in the sector. The average results for the total sample show that tourism businesses had a significant decrease in VAICTM from 2019 to 2020. The results show that the Lisboa e Vale do Tejo, Açores, and Algarve regions have the largest decrease in the value of VAICTM in the year 2020. The Alentejo region was the region that felt the least the impact of the pandemic crisis. These results reveal that the more mature tourist areas lost the most intellectual added value.

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Section: Methodsmentioning

confidence: 99%

Impact of Covid-19 in the VAICTM in the hospitality industry: the Portuguese case

Costa

2022

ICTR

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“…Several studies analyse the relationship between components of intellectual capital and value creation using the VAIC TM method to evaluate the level of value creation efficiency of intellectual capital as indicated by human capital efficiency, structural capital efficiency, capital employed efficiency, and VAIC TM (Kujansivu & Lönnqvist, 2007;Muhammad & Ismail, 2009;Laing, Dunn & Hughes-Lucas, 2010;Zéghal & Maaloul, 2010;Chang & Hsieh, 2011;Rehman, Rehman, Rehman & Zahid, 2011;Paknezhad & Ahmadkhani, 2012;Shaban & Kavida, 2013;FitzPatrick, Davey, Muller & Davey, 2013;Sumedrea, 2013;Piri, Alghyani, Sadaghiani & Nejad, 2014;Bontis, Janoševic & Dženopoljac, 2015;Matinfard & Khavari, 2015;Svanadze & Kowalewska 2015;Maji & Goswami, 2016;Flores, García & Adame, 2017;Hasan, Mohammad & Alam, 2017;Shawtari, Saiti, Mohamad & Rashid, 2017;Kamath, 2017;Ozkan, Cakan & Kayacan, 2017;Pradana, Nidar & Aripin, 2018;Khairiyansyah & Vebtasvili, 2018;Yilmaz & Acar, 2018).…”

Section: Theorymentioning

confidence: 99%

Proceedings of the International WorkshopTourism and Hospitality Management (IWTHM2021)

Borges¹

2021

Proceedings of the International WorkshopTourism and Hospitality Management (IWTHM2021)

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The International Workshop Tourism and Hospitality Management (IWTHM2021) is an international scientific meeting, that gathers together researchers from around the world, with the purpose of sharing knowledge in the topic of Tourism and Hospitality Management. Moreover, this intensive, diversified and original event intends to be a reference in the scientific community evolving Tourism and Hospitality Management.We are in the third edition, and due to the success of the previous two editions, the Organization Committee decided to continue the discussion of current topics on tourism and hospitality.After a particularly atypical year, in which restrictions were placed on people's mobility, with the aim of limiting the spread of COVID-19, the impacts on the tourism sector are more than many. The OECD forecasts, released in the report "Tourism Policy Responses to the coronavirus (COVID-19)", of June 2, 2020, point not only to a 60% to 80% drop in international tourism, but also to a drop in local tourism, since it is estimated that approximately half of the world population has been or is still subject to containment measures. However, it is expected that local tourism will recover more quickly and can serve as a support, considering that the local tourism economy represents about 75% of the total tourism economy in OECD countries.Considering the great challenges currently facing both national and international tourism, ISAG -European Business School and the Research Center in Business Sciences and Tourism (CICET -FCVC) understand that this is the right time to organize the third edition of the Tourism and Hospitality Management Workshop, aiming at sharing knowledge in scientific fields of tourism and hospitality among the various participants and researchers. Thus, the IWTHM2021 Organizing Committee invited researchers from all around the world to submit their work, under the form of abstracts, extended abstracts and full papers. All manuscripts went through a doubleblind peer-review process in order to be selected to presentation at the Workshop.

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“…Table 1 presents calculations for Grupa Żywiec S.A. It is assumed that means a joint-stock company constitutes the sum of book value and intellectual capital value (Kasiewicz et al, 2006;Paknezhad, and Ahmadkhani, 2012;Weaver and Weston, 2003;Zygmański, 2016), which also corresponds to the Skandia Navigator model (Adamska, 2019). The problem with market value is that it is dynamic, depending on the current market situation (Niculita, Popa and Caloian, 2012), and the proposed valuation method is static.…”

Section: Market To Book Value Ratiomentioning

confidence: 99%

Practical Application of Selected Methods of Intellectual Capital Valuation: A Research Study

Adamska¹,

Szewczuk-Stępień²

2020

ERSJ

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Purpose: Reports on non-financial data include elements identified in the structure of intellectual capital, whose proper valuation is a challenge for business. The purpose of this study is to show the legal framework of the analysis, reporting and valuation of intangible assets and practical applications of selected methods of intellectual capital valuation on the example of the brewing industry. Design/Methodology/Approach: The methods selected for the purposes of this case study are the market value to book value ratio, the calculated intangible value index, the Tobin's q ratio and the value-added intellectual coefficient. Calculations were made based on data from reports of a selected joint-stock company from the brewing industry. Findings: The carried out intellectual capital valuation has confirmed that applying only one valuation method does not give a fair view of intangible assets, and the lack of considering context in the valuation makes the obtained data lose its decision-making value. Practical Implications: A new approach to the process of intellectual capital valuation, based on long-term integration of selected valuation methods as well as on consideration the context of the analyzed numbers, has been proposed. Originality/Value: The results are original because they can be used to develop future intellectual capital valuation scenarios. They constitute a kind of "guide" for intellectual capital managers.

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Value added intellectual coefficient (VAIC): an empirical study

Cited by 5 publications

References 15 publications

Impact of Covid-19 in the VAICTM in the hospitality industry: the Portuguese case

Impact of Covid-19 in the VAICTM in the hospitality industry: the Portuguese case

Proceedings of the International WorkshopTourism and Hospitality Management (IWTHM2021)

Practical Application of Selected Methods of Intellectual Capital Valuation: A Research Study

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