Naslov
The Intellectual Capital Impact on the Business Entity Performance

Autori
Zenzerović, Robert ; Černe, Ksenija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development / Filipović, Ivica ; Klacmer Calopa, Marina ; Galetic, Fran. - New York (NY) : VADEA, 2014, 665-676

ISBN
978-953-6125-13-5

Skup
7th International Scientific Conference "Economic and Social Development"

Mjesto i datum
Sjedinjene Američke Države, 24.10.2014

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Keywords: accounting; intellectual capital; business performance

Sažetak
The accounting profession today has to be creative more than ever and balance between exact principles on one, and requirements of modern economics and business on the other side. Current accounting and financial reporting practice does not fully meet the information needs because the investments in intellectual capital as well as any contribution that comes from it are not shown. Relying only on the financial information may result in wrong decisions when allocating resources or setting long term objectives and strategies. The business processes and results should also be observed through flows of intellectual capital and its impact on business performance. Despite interesting proposals from accounting theorists and practitioners, referring to different systems and models of evaluation and presentation of intellectual capital, the fact is that we still don’t have a systematic and detailed form of recognition, evaluation, disclosure and determination of the accounting value of intellectual capital which would be accepted as a standard. That is why the central question of this paper is how to measure its impact if it is not financial statement category? In this paper we adhered to assumption that intellectual capital is a complex whole consisting of three main components, and that its value is generated by its usage. Proposing qualitative and quantitative indicators for each component and using accounting financial and nonfinancial information, we present model of relationships between intellectual capital components and their impact on business performance. Model of the intellectual capital impact on business performance is obtained as a result of study conducted on a random sample of 80 Croatian business entities, with a 95% confidence level and 11% margin of error, and application of Principal Component Analysis and Structural Equation Modeling.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA