Identification of intangible assets in knowledge‐based organizations using concept mapping techniques

Torres, María del Rocío Martínez

doi:10.1111/radm.12037

Cited by 17 publications

(13 citation statements)

References 30 publications

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“…They demonstrated that investments in intangibles allow a company to be better off, even in a period of crisis. Martínez-Torres (2014) proposed a procedure for identifying the intangible assets that generate value to knowledge-intensive organizations. Olander et al (2015) studied how human resources create the basis for continuing innovation and subsequent firm performance in knowledge-intensive industries.…”

Section: Literature Reviewmentioning

confidence: 99%

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Value creation and sustainability in knowledge-based strategies

Iazzolino¹,

Laise

2016

Journal of Intellectual Capital

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The purpose of this paper is to place the value creation process within sustainable growth strategies. Building on Drucker (1968, 1999a, b), Pulic (2000, 2004, 2008) and other papers by the same authors (Iazzolino and Laise, 2013) the specific aim of this research is to propose an accounting-based framework able to: distinguish between knowledge-intensive firms (KIFs) and nonknowledge intensive firms (nonKIFs); and investigate the contribution of the two sets of firms (KIFs and nonKIFs) to overall sustainability, from a social point of view, of the economic system. Design/methodology/approach – The paper uses the notion of value added (VA) (Pulic, 2000, 2004, 2008) as the main indicator to measure the value creation in a knowledge economy context. As regard the first point of the framework, the approach is based on the analysis of VA and its components, starting from a reinterpretation of the concept of value added intellectual coefficient made by the same authors of this paper. An empirical analysis based on the composition of VA in ten Italian industries, by using an overall sample of 1,000 firms, has been carried out and is described in the paper. As regards the second point, the paper analyses, from a theoretical point of view, the necessary conditions to set up a sustainable value creation strategy in social terms, using the conceptual categories introduced by Drucker (1968, 1999a, b) and Pulic (2000, 2004, 2008). Findings – From results of the empirical analysis it emerges that: first, in traditional industries the weight of the cost of employees on VA (human capital investments) is less than the other sectors (low human capital intensity). In these sectors the value creation strategy is mainly based on “dead knowledge,” embedded in machines (physical capital); and second, in nontraditional industries (consulting, advertising, research, etc.) the economic value creation is mainly based on “living knowledge,” embedded in human resources (high human capital intensity). In these sectors we have lower productivity of work (VA/human capital) and higher employment. Practical implications – The framework proposed makes it possible to reduce the risk of myopic valuation of economic performance. Through this methodology it is possible to highlight the effects of sustainable strategies based on knowledge investments oriented toward the stakeholder value theory and corporate social responsibility. The approach can be very useful for top managers and for accountants, as it underlines the importance of the VA income statement and constructs a strong link to the themes of knowledge management. Originality/value – The originality and the value of this methodological proposal can be appreciated by taking into account that in the literature there is no accounting-based methodology that is able to identify: the knowledge-intensive firms; and the firms that can contribute to overall social sustainability, within the set of all firms. © 2016, © Emerald Group Publishing Limited

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Section: Literature Reviewmentioning

confidence: 99%

“…Furthermore, the paper gives important insights in the field concerning the knowledge-based firm profile and connection to strategy and performances (Baiburina and Golovko, 2008;Huang and Wang, 2008;Martínez-Torres, 2014;Massingham and Tam, 2015;Olander et al, 2015;Shakina and Barajas, 2015).…”

Section: Conclusion Contribution Of the Paper And Further Researchmentioning

confidence: 99%

Value creation and sustainability in knowledge-based strategies

Iazzolino¹,

Laise

2016

Journal of Intellectual Capital

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“…However, as noted in previous literature on corporate R&D, such information is scarce, and employing it would dramatically decrease the sample (Ballester et al, ; Hall and Oriani, ). In addition, the possibility of manipulating R&D expenses (García Osma, ) has led some prestigious international institutions including the European Techno‐Economic Policy Support Network and the EU Industrial R&D Investment Scoreboard to recommend that the part of R&D expenditures incorporated into assets as one of the most suitable metrics of corporate investment in R&D. This variable has theoretical support (García‐Valderrama and Mulero‐Mendigorri, ; Leitner, ; Denicolai et al, ; Martínez‐Torres, ) and has been widely used in the literature, which enhances the comparability of our results (Hall et al, ; Mulkay et al, ; Bond et al, ; Audretsch and Weigand, ; Tribó et al, ).…”

Section: Sample Variables and Methodsmentioning

confidence: 99%

Institutional framework, corporate ownership structure, and R&D investment: an international analysis

López‐Iturriaga

López-Millán

2016

R & D Management

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We combine agency theory with the law and finance approach to analyze how the legal protection of investors and the corporate ownership structure affect corporate investment in research and development (R&D). We use information from 956 firms from the five most R&D-intensive industries in 19 developed countries. Our results show that better protection of investors' rights by the institutional environment has a positive influence on corporate R&D. We also find that corporate ownership concentration works as a substitute for legal protection. This finding means that R&D investment of the firms in the countries with poor legal protection increases as ownership becomes more concentrated. Our results also show that the identity of shareholders has a relevant effect: Whereas banks and nonfinancial institutions as shareholders result in lower R&D, institutional investors as shareholders increase corporate investment in R&D.

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“…Martínez-Torres (2014) proposed a procedure for identifying the intangible assets that generate value to knowledge-intensive organizations. Olander et al (2015) studied how human resources create the basis for continuing innovation and subsequent firm performance in knowledge intensive industries.…”

Section: Literature Reviewmentioning

confidence: 99%

Knowledge worker productivity: is it really impossible to measure it?

Iazzolino

Laise

2018

MBE

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Purpose The purpose of this paper is to propose and discuss, from both a theoretical and empirical point of view, a methodology for measuring the productivity of knowledge workers, then giving a contribution to the question launched by P. Drucker at the end of last millennium. An application of the method on a real case of a knowledge-based firm is shown. Design/methodology/approach The paper is both theoretical and empirical. At first, building also on Pulic’s theory of human capital efficiency (HCE) and on previous works by the same authors of this paper, a deep theoretical analysis is proposed. After, the explicit calculation of the knowledge worker productivity in a real case of a knowledge-based young firm has been carried out. Findings From a theoretical point of view, an inter-theory relationship between Drucker’s approach of sustainable strategies based on knowledge and the theory of HCE, mostly attributable to Pulic, has been constructed. From results of the application on the case study, it emerges that the calculation of the productivity of knowledge workers can be achieved and furthermore the result of the calculation can be the basis for the policy of rewarding within the firm. Practical implications The proposed methodology can support the s.c. knowledge-based firms to calculate the productivity of employees, a very practical problem for such kind of firms. Furthermore, the calculation of knowledge worker productivity is the basis for implementing a policy of rewarding employees. Originality/value The originality of the paper is to provide a practical methodology useful to calculate knowledge worker productivity. To do so, the link between Drucker’s and Pulic’s theories has been deeply analyzed and an inter-theory relationship has been constructed. The existence of such a relation, in the authors’ opinion, is necessary to provide a theoretical foundation for the methodology proposed.

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Identification of intangible assets in knowledge‐based organizations using concept mapping techniques

Cited by 17 publications

References 30 publications

Value creation and sustainability in knowledge-based strategies

Value creation and sustainability in knowledge-based strategies

Institutional framework, corporate ownership structure, and R&D investment: an international analysis

Knowledge worker productivity: is it really impossible to measure it?

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