Monetary valuation of intellectual human capital in innovative activity
DOI:
https://doi.org/10.12775/EQUIL.2016.017Keywords:
intellectual human capital, value, valuation, innovation activityAbstract
The article views the structure of an organization?s intellectual human capital, which integrates both employees? intellectual, professional and personal abilities to perform innovation activity and their results achieved in the process of this activity. The authors prove the role of intellectual human capital in improving an organization?s innovation activity. Basing on the cost, income, expert and psychological approaches, the article develops the intellectual capital monetary valuation model focused on an increase in the objectivity of measuring its value by means of the individual intellectual and performance report. The application of this model is aimed at activating the innovative development of social and economic entities by increasing the quality and efficiency of intellectual human capital
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References
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Berzkalne, I., & Zelgalve, E. (2014). Intellectual Capital and Company Value. Procedia ? Social and Behavioral Sciences, 110. DOI: http://dx.doi.org/10.1 016/j. sbspro.2013.12.934.
Carraro, C., De Cian, E., & Tavoni, M. (2014). Human Capital, Innovation, and Climate Policy: an Integrated Assessment. Environmental modeling & assessment, 19(2). DOI: http://dx.doi.org/10.1007/s10666-013-9385-z.
Dresvyannikov, V, Loseva, ?., Tsygalov, Yu., & Fedotova, M. (2014). Assessment of Human Capital in Innovation Activity. Moscow: Finansoviy Universitet.
Gogan, L. M., & Draghici, A. (2013). A Model to Evaluate the Intellectual Capital. Procedia Technology, 9. DOI: http://dx.doi.org/10.1016/j.protcy.2013.12.096.
Huang, C. L., Kweh, Q. L., & Lu, W. M., (2014). Intellectual Capital and National Innovation Systems Performance. Knowledge-based systems, 71. DOI: http://dx.doi.org/10.1016/j.knosys.2014.08.001.
Krasilnikov, V., & Vasilyev, V (2004). Statistical Analysis of Multi-Dimensional Objects of Some Nature. Moscow: IKAR.
Mercier-Laurent, E. (2014). Managing Intellectual Capital in Knowledge Economy. In Position papers of the 2014 Federal Conference on Computer Science and Information Systems. ACSIS, 3 (2014). DOI: http://dx.doi.org/ 10.15439/2014F476.
Molodchik, M. A., Schakina, E. A., & Barajas, A. (2014). Metrics for the Elements of Intellectual Capital in an Economy Driven by Knowledge. Journal of Intellectual Capital, 15(2). DOI: http://dx.doi.org/10.1108/JIC-08-2013-0091.
Science and Innovations. The Rosstat?s Data. Retrieved from http://www.gks.ru/w ps/wcm/connect/rosstat_main/rosstat/ru/statistics/science_and_innovations/science/ (30.01.2015).
Teo, S. T. T., Reed, K. K., & Ly, K. (2014). Human Resource Involvement in Developing Intellectual Capital. Service Industries Journal, 34(15). DOI: http://dx.doi.org/10.1080/02642069.2014.942651.
The Global Competitiveness Index 2014-2015. Retrieved from http://www.wefo rum.org/reports/global-competitiveness-report-2014-2015 (31.01.2015).
Ugalde-Blinda, N., Balbastre-Benavent, F., Canet-Giner, T., & Escribá-Carda, N. (2014). The Role of Intellectual Capital and Entrepreneurial Characteristics as Innovation Drivers. Innovar, 24(53). DOI: http://dx.doi.org/10.15446/ innovar.v24n53.43793.
Wu, W. Y., Chang, M. L., & Chen, C. W. (2008). Promoting Innovation Through the Accumulation of Intellectual Capital, Social Capital, and Entrepreneurial Orientation. R &D Management, 38(3). DOI: http://dx.doi.org/10.1111/j.1467-9310.2008.00512.x.
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Published
2016-06-30
How to Cite
Fedotova М. A., Loseva, O. V., & Kontorovich, O. I.- revna. (2016). Monetary valuation of intellectual human capital in innovative activity. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(2), 369–385. https://doi.org/10.12775/EQUIL.2016.017
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Section
Knowledge and human capital as determinants of innovativeness
