engleski

Intellectual capital as the basis for achievement of organizational capital

The starting hypothesis of the paper is that the intellectual capital, supporting the creation of positive economic added value, can be taken as the basis for achievement of organizational capital. The latter is measured as a difference between the market and bookkeeping value of the firm. Therefore, intellectual capital that is participating to the creation of positive economic added value is placed on the left side of the balance sheet, while the organizational capital is to be found on the right side of the balance. It should be stressed, though, that both intellectual and organizational capital are non-bookkeeping items in the balance sheet. From the standpoint of the paper, organizational capital equals to the market added value of the firm. The goal of the paper is to show that the more efficient use of intellectual capital contributes to the achievement of larger organizational capital, i.e. of greater market added value of the firm. Tha transformation of the intellectual capital into the organizational capital is illustrated on the example of a Croatian knowledge-based firm.

intellectual and organizational capital; human assets; organizational assets; knowledge assets; customer assets

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