2019 (16), №1

The Structure of the Intellectual Capital of a Firm

For citation: 

Simonova, V. L. & Shakuta, A. S. (2019). The Structure of the Intellectual Capital of a Firm. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 16(1), 181-186


In the context of a post-industrial economy, companies are required to be flexible, highly innovative, and able to develop promising strategic approaches and build effective relations withnumerous counterparties. In such conditions, reliance onmaterial resources alone does not allow to achieve significant results; therefore, experts highlighted the ability of companies to create and manage the intellectual capital of a company in the overall structure of assets as an important factor of competitiveness. In this paper, traditional approach to the analysis of intellectual capital as a three-component structure is expanded; specification of the components of intellectual capital to the second level has been given, creating a basis for assessing and managing its development; interaction scheme of intellectual capital elements, reflecting a holistic view on a firm’s intellectual asset, has been developed.

PDF full
Downloaded: 4

Victoria Lvovna Simonova — PhD in Economics, Senior Research Associate, Institute of Economics of the Ural Branch of the Russian Academy of Sciences; Assistant Professor, Department of Political Economy, Ural State University of Economics (Ekaterinburg, Russian Federation; e-mail: simonova4@yandex.ru).

Alexandra Sergeevna Shakuta — Master’s Student, Institute of Public Administration and Entrepreneurship, Ural Federal University named after the first President of the Russian Federation B. N. Yeltsin (Ekaterinburg, Russian Federation; e-mail: shtuka5831@gmail.com).

Volkov, D. L. & Garanina, T. A. (2007). Nematerial’nye aktivy: problemy sostava i otsenivaniya [Invisible assets: com- pound and assessment issues]. Vestnik Sankt-Peterburgskogo universiteta. Seriya Menedzhment [Bulletin of St. Petersburg University. Series “Management”], 1, 84–107. (In Russ.)

Molodchik, M. A. & Teplykh, G. V. (2013). Obosnovanie strukturnogo soderzhaniya intellektual’nogo kapitala kom- panii v ramkakh tsennostno-orientirovannogo podkhoda [Rationale for the structural contents of intellectual capital of a company within the framework of the value-oriented approach]. Finansy i kredit [Finances and credit], 4, 73–84. (In Russ.) Pankin, S. A. (2013). Intellektual’nyy kapital v sisteme faktorov konkurentosposobnosti firmy [Intellectual capital in the system of competitive factors of a firm]. Vlast’ i upravlenie na Vostoke Rossii [Power and management in Eastern Russia], 3, 194–198. (In Russ.)

Styuart, T. (1999). Intellektual’nyy kapital. Novyy istochnik bogatstva organizatsiy [Intellectual capital. A new source of organization’s wealth]. In V. L. Inozemtsev (Ed.), Novaya postindustrial’naya volna na Zapade. Antologiya [A new post- industrial wave on the West. Anthology]. Moscow, Russia: Academia, 631. (In Russ.)

Edvinsson, L. & Meloun, M. (1999). Intellektual’nyy kapital. Opredelenie istinnoy stoimosti kompanii [Intellectual capi- tal. Defining the real value of a company]. In V. L. Inozemtsev (Ed.), Novaya postindustrial’naya volna na Zapade. Antologiya [A new post-industrial wave on the West. Anthology]. Moscow, Russia: Academia, 631. (In Russ.)

Eskindarov, M. A. (1999). Razvitie korporativnykh otnosheniy v sovremennoy rossiyskoy ekonomike [Development of corporate relations in modern Russian economics]. Moscow, Russia: Respublika, 302. (In Russ.)

Ashton, R. H. (2005). Intellectual capital and value creation: a review. Journal of Accounting Literature, 24(1), 53–134. Capello, R. & Faggian, A. (2005). Collective Learning and Relational Capital in Local Innovation Processes. Regional Studies, 39(1), 75–87.

Chen, J., Zhu, Z. & Yuan, H. (2004). Measuring intellectual capital: a new model and empirical study. Journal of Intellectual Capital, 5(1), 195–212.

Hussi, T. (2003). Reconfiguring knowledge management: Combining intellectual capital, intangible assets and knowledge creation (ETLA Discussion Papers, No. 849). Retrieved from the Research Institute of the Finnish Economy (ETLA): http:// hdl.handle.net/10419/63966

Inkinen, H. (2015). Review of empirical research on intellectual capital and firm performance. Journal of Intellectual Capital, 16(3), 518–565.

Popov, E. V. & Vlasov, M. V. (2018). Assessment of Intellectual Development of the Human Capital of High-Tech Productions. Montenegrin Journal of Economics, 14(1), 123–133.

Popov, E. V. & Ersh, E. V. (2016). Institutions for Decreasing of Employee Opportunism. Montenegrin Journal of Economics, 12(2), 131–146.

Roos, G. & Roos, J. (1997). Measuring your company’s intellectual performance. Long range planning, 30(3), 413–426.

Yeh-Yun Lin, C. & Edvinsson, L. (2008). National intellectual capital: comparison of the Nordic countries. Journal of Intellectual Capital, 9(4), 525–545.