Proposing and Testing an Intellectual Capital‐Based View of the Firm

Reed, Kira Kristal; Lubatkin, Michael; Srinivasan, Narasimhan

doi:10.1111/j.1467-6486.2006.00614.x

Cited by 443 publications

(537 citation statements)

References 87 publications

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“…Intellectual capital (IC) is commonly categorised into human capital (HC), structural capital (SC) and relational capital (RC) (Meritum, 2002), and the three components of corporate knowledge are expected to interact with each other and then contribute to a firm's superior performance (Reed et al, 2006). However, empirical evidence of relationships among different intangible elements and between them and firm performance tends to be limited.…”

Section: Theory and Literature Reviewmentioning

confidence: 99%

Rethinking bank business models: the role of intangibles

Chen

Danbolt

Holland

2014

Accounting, Auditing &Amp; Accountability Journal

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Forthcoming in -The Accounting, Auditing & Accountability Journal, 2014 Purpose:This paper provides a new way of rethinking banking models by using qualitative research on intangibles. This is required because the banking sector has been transformed significantly by the changing environment over the past two decades. The 2007-2009 financial crisis also added to concerns about existing bank business models. Design/Methodology approach:Using qualitative data collected from interviews with bank managers and analysts in the UK, this paper develops a grounded theory of bank intangibles. Findings:The model reveals how intangibles and tangible/financial resources interact in the bank value creation process, how they actively respond to environmental changes, how bank intangibles are understood by external observers such as analysts, and how bankers and analysts differ in their views. Research implications:Grounded theory provides the means to further develop bank models as business models and theoretical models. This provides the means to think beyond conventional finance constructs and to relate bank models to a wider theoretical literature concerning intellectual capital, organisational and social systems theory, and 'performativity'. Practical implications:Such development of bank models and of a systems perspective is critical to the understanding of banks by bankers, by observers and for their 'critical and reflexive performativity'. It also has implications for systemic risk and bank regulation. Social implications:Improvement in bank models and their use in open and transparent processes are key means to improve public accountability of banks. Originality:The paper reveals the core role of intellectual capital (IC) in banks, in markets, and in developing theory and research at firm and system levels.

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Section: Theory and Literature Reviewmentioning

confidence: 99%

Rethinking bank business models: the role of intangibles

Chen

Danbolt

Holland

2014

Accounting, Auditing &Amp; Accountability Journal

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“…Investigating a large sample of US commercial and personal banks, Reed et al (2006) find evidence that human capital interacts with organizational capital and internal social capital to positively affect financial performance in personal banks. In contrast, interactions between human capital and external social capital and between organizational capital and internal social capital negatively affect performance in personal institutions.…”

Section: Business and Economic Researchmentioning

confidence: 99%

Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

Mention¹

2012

Business and Economic Research

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This article provides a systematic review of the literature on the complex relationships between intellectual capital, innovation and performance. Although these concepts are clearly intertwined, there has been so far and to the best of our knowledge, no attempt to systematically review and integrate the literature examining the relationships between them. Two main streams of literature emerge: on the one hand, some literature focuses on the economic and financial effects of intellectual capital and its components on performance and on the other hand, a small set of survey-based studies aims to delineate these effects adopting a multidimensional approach to performance. Besides these two streams, there is a wealth of literature exploring the effect of isolated element of human, structural or relational capital on performance. Nevertheless, these studies rarely refer to these concepts directly and it is therefore contended that using the concept of intellectual capital may provide interesting insights to illuminate the complex relationships between firms' resources and activities to leverage its intangible assets, innovation and performance. In doing so, it provides an intellectual capital oriented framework to capture the distinctive features of innovation at firm level and hence contributes to the scarce stream of literature focusing on better identifying and delineating innovation effects on performance.

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“…El Capital intelectual ha sido definido como el conjunto de recursos intangibles y capacidades poseídas y controladas por la firma, que implican una mayor competitividad y resultados empresariales (Subramaniam & Youndt, 2005;Reed et al, 2006;Martín-de Castro et al, 2011;Hsu &Wang, 2012).…”

Section: Los Problemas Del Reconocimiento Contableunclassified

Valoración de marcas a través de modelos financieros. Una aplicación a Melia Hotels International

Rubio-Marín

Paredes

2017

Cuad. Estud. Empres.

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RESUMENEl objetivo de este artículo es examinar y desarrollar un modelo financiero de valoración de marcas y su posterior aplicación a la industria hotelera. Metodológicamente el artículo analiza la idoneidad del método del exceso de rendimiento en periodos múltiples (MERM) respecto al marco teórico, a la norma contable internacional y, más concretamente, a la problemática de la marca en el sector hotelero, a través de su aplicación a la empresa cotizada Melia Hotels International. El desarrollo de esta metodología, pese a ser una de las más utilizadas por las grandes consultoras, no se había abordado anteriormente con suficiente profundidad, constituyendo la principal aportación del artículo. Los resultados de la aplicación a Melia Hotels revelan la adecuación del método al fin propuesto, así como la gran importancia que tiene la marca frente a otros activos en el sector y, por tanto, la necesidad de conocer su valor para poder gestionarla adecuadamente. Todo ello resulta especialmente útil en operaciones corporativas como las fusiones y adquisiciones en las que, además, la norma contable obliga a determinar el valor de los intangibles adquiridos.

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Proposing and Testing an Intellectual Capital‐Based View of the Firm

Cited by 443 publications

References 87 publications

Rethinking bank business models: the role of intangibles

Rethinking bank business models: the role of intangibles

Intellectual Capital, Innovation and Performance: a Systematic Review of the Literature

Valoración de marcas a través de modelos financieros. Una aplicación a Melia Hotels International

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