The Disclosure of Intellectual Capital in Universities: Stakeholder Approach

Abstract

The disclosure of Intellectual capital becomes urgent for universities, because of the fact that knowledge is the main output and input in these organizations. Furthermore, universities have ever-increasing external demands for greater transparency about the use of their intellectual capital in the globalization context. This case requires to pay particular attention to respecting universities' stakeholders interests when designing a reporting system. The aim of the present study is to provide the Intellectual capital report for Russian universities based on analyzing existing disclosure experience in national universities and comparing it with international practice through a specific system of indicators. Our proposal for an intellectual capital report is intended to be a practical guide to help the Russian universities to provide a greater transparency and comparability in the higher education sector of Russia.