Intellectual Capital (IC) is an important source of value for companies The competitive firm invests in new productive ideas through scientific and technological research, the human factor and services. The traditional factors of "old economy" based on physical assets has been replaced, or at least reinforced with the belief that the "new economy" takes it steps mainly through CI. The knowledge worker, at every organizational level, has the knowledge that allows the organization to be competitive and deal with the complexity of the environment by creating intellectual added value. In particular, the proposed analysis consists with an empirical way to show as VAICTM is capable of expressing a direct relationship with the Return on Equity (ROE), other financial indicator and market/book value, in the perspective of creating value for shareholders based on the dynamics of the company’s performance. In this way is possible to show as the traditional financial information can’t ensure a good efficiency of stock market and the need of intellectual capital reporting to explain intangible assets contribution in company performance.

IC Evaluation toward Stock Market Performance: Empirical Evidence on need IC Reporting.

CELENZA, Domenico;ROSSI, Fabrizio
2012

Abstract

Intellectual Capital (IC) is an important source of value for companies The competitive firm invests in new productive ideas through scientific and technological research, the human factor and services. The traditional factors of "old economy" based on physical assets has been replaced, or at least reinforced with the belief that the "new economy" takes it steps mainly through CI. The knowledge worker, at every organizational level, has the knowledge that allows the organization to be competitive and deal with the complexity of the environment by creating intellectual added value. In particular, the proposed analysis consists with an empirical way to show as VAICTM is capable of expressing a direct relationship with the Return on Equity (ROE), other financial indicator and market/book value, in the perspective of creating value for shareholders based on the dynamics of the company’s performance. In this way is possible to show as the traditional financial information can’t ensure a good efficiency of stock market and the need of intellectual capital reporting to explain intangible assets contribution in company performance.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11580/54750
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