MEASURING INTELECTUAL CAPITAL IN THE BANKING SECTOR IN THE REPUBLIC OF MACEDONIA

Janeska, Margarita and Sotiroski, Kosta and Taleska, Suzana (2012) MEASURING INTELECTUAL CAPITAL IN THE BANKING SECTOR IN THE REPUBLIC OF MACEDONIA. In: REDETE 2012, International Scientific Conference, 25-27.10.2012, Banja Luka.

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Abstract

The business success of each company depends on its ability to manage all available resources, which may be tangible (material and financial) that are covered by the traditional financial statement, and intangible (intellectual capital). Also, the awareness of the role of intellectual capital significantly increases in the newly created value, which cannot be properly expressed in financial statements. In that sense, in order to achieve better business performances and long-term competitiveness banking institutions in the Republic of Macedonia need to measure the intellectual capital. With the application of the existing methods for measuring intellectual capital, such as Intangible Assets Monitor (IAM), Danish Guidelines, Meritum Guidelines and balance of knowledge, it is necessary to define adequate models for measuring and reporting intellectual capital in the banking sector in the R. Macedonia. Depending on the business needs expressed by the key factors of intellectual capital, relevant indicators for measuring intellectual capital in the banking sector in the R. Macedonia should be defined as well. That allows for a comparison between the efficiency of the banking institutions in the R. Macedonia in terms of managing intellectual capital and taking appropriate corrective actions for business. Considering the fact that the issue has not been explored in the R. Macedonia, this paper will be the first step towards finding ways that will enable the banking sector in the R. Macedonia to better use, manage and develop knowledge which creates new value. That would increase their competitiveness and provide further prosperity. The purpose of this paper will be: - to identify the real needs for measuring intellectual capital in the banking sector of the R. Macedonia - to obtain quality information based on scientific and technological facts that will contribute to better management of intellectual capital. - to propose measures for improvement and development of intellectual capital in the banking sector in the R. Macedonia. Keywords: intellectual capital, measuring intellectual capital, indicators, management of intellectual capital.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Scientific Fields (Frascati) > Social Sciences > Other social sciences
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 22 Jun 2016 09:28
Last Modified: 22 Jun 2016 09:28
URI: http://eprints.uklo.edu.mk/id/eprint/123

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