INTELLECTUAL CAPITAL AS A DETERMINANT OF A FIRM VALUE

Markovska, Monika and Milenkovski, Bozidar (2020) INTELLECTUAL CAPITAL AS A DETERMINANT OF A FIRM VALUE. KNOWLEDGE –International Journal, 43 (1). pp. 215-220.

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Abstract

Abstract: The development of knowledge, that is its embodiment in intellectual capital, today is a condition for economic, technological and any other form of progress in the knowledge economy.The new way of creating values in the knowledge economy, through the management of intellectual capital and the continuous investment in it, points to the fact that for a modern firm is far more important the ability of employees to create value than thevalue of its tangible assets per se. Recognition and use of intellectual capital enables firms to make optimal use of their potentials, creatively to overcome the obstacles imposed by the dynamic external environment, to achieve their economic goals easier, faster and better, as well as to increase their market value. Still, in many firms the equity is considered to be only what the accounting reports show. Hence, the purpose of this paper is to present the hidden value of a firm which is in the form of intellectual capital, because it is intellectual capital that is the most important determinant of its market value.
Keywords:intellectual capital, knowledge economy, accounting, intellectual entrepreneurship, knowledge.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Information and Communication Technologies
Depositing User:	Prof. d-r. Monika Markovska
Date Deposited:	29 Jan 2021 16:55
Last Modified:	29 Jan 2021 16:55
URI:	https://eprints.uklo.edu.mk/id/eprint/6161

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