Investigation of intellectual capital elements influence on the market capitalization of the company
https://doi.org/10.17073/2072-1633-2015-1-88-92
Abstract
The article is devoted to topical issues of assessing the impact of the intellectual capital of the company on key indicators of its activity. This is an important issue considering the growing interest of business leaders to increasing the effectiveness of production, efficient use of human resources contributing to the growth and development of innovative enterprise. The first attempts to differentiate and define the essence of intellectual capital (IC) have been taken more than a half century ago, but an unified approach to the interpretation of the «intellectual capital» concept has been not formed yet. The presently established approach to the assessment of the intellectual capital of the enterprise is based mainly on qualitative or quantitative assessment. However, in our opinion, it is advisable to assess its influence not so much in absolute terms but to evaluate its impact on financial performance. The paper proposes an approach to reveal the relationship between investment in intellectual capital elements and enterprise activities as a whole. On the basis of the developed technique the effect of IR on the activities of the three largest enterprises of Tatarstan has been evaluated revealing their almost direct relationship.
About the Authors
L. N. Ustinova
Kazan State University of Architecture and Engineering (KSUAE)
Russian Federation
Russian Federation
Senior Teacher,
Zelenaya Str., 1 420043 Kazan, Tatarstan, Russia
A. E. Ustinov
Kazan Federal University,
Russian Federation
Russian Federation
Candidate of Economics Sciences, Associate Professor,
Russia, Kazan, 18 Kremlyovskaya St r, 6
M. Yu. Virtsev
Kazan State University of Architecture and Engineering (KSUAE)
Russian Federation
Russian Federation
Senior Teacher,
Zelenaya Str., 1, 420043 Kazan, Tatarstan, Russia
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Review
For citations:
Ustinova L.N., Ustinov A.E., Virtsev M.Yu. Investigation of intellectual capital elements influence on the market capitalization of the company. Russian Journal of Industrial Economics. 2015;(1):88-92. (In Russ.) https://doi.org/10.17073/2072-1633-2015-1-88-92
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