Innovations in Financial Management: Company Intellectual Capital and Measurement Issues

Abstract

The article delves into the concept of intellectual capital within enterprises, highlighting its role as a critical factor in business development and competitiveness today. The author explores various definitions of intellectual capital, often termed "invisible assets," emphasizing its intangible components. Key distinctions between intellectual capital and intangible assets are examined, along with its primary elements: human capital, organizational capital, relational capital, and emotional capital.

Approaches to evaluating intellectual capital are discussed, enabling fair valuation, identifying development reserves and factors, and enhancing innovation and competitiveness. Evaluation methods consider the components of intellectual capital, their interactions, and classifications. The article also reviews D. Tobin's methodology for assessing the costs of creating intellectual capital and A. Pulic's Intellectual Added Value method, which accounts for three indicators: added value of physical capital, human capital, and structural capital.