The work reports the use of two financial indicators of intellectual and human capital and their empirical findings from the study of European Union companies. The authors use the VAIC indicator (similar to the earlier chapter) and the impact intellectual and human capital has on firm financial performances. They report that the impact is not consistent among samples and business performance indicators in terms of both significance and sign of coefficients. The second model used is a modification of, and a partial repetition and validation of, the method originally developed by Olhson. The authors report that the indicators of structural capital and human capital are always significant, suggesting that this information is relevant for investors that operate on the European stock markets. This chapter is a worthy example of the use of two quantitative methods when conducting a rigorous financial analysis of intellectual capital and human capital, suggesting to researchers and practitioners that different methods and tools have very different validities for predicting future outcomes.

An assessment of the Accounting Perspective on Intellectual Capital and Some Results from the European Union / Mattei, Marco; DI MARCANTONIO, Michele. - STAMPA. - (2014), pp. 189-219. [10.1057/9781137355720_8].

An assessment of the Accounting Perspective on Intellectual Capital and Some Results from the European Union

MATTEI, MARCO;DI MARCANTONIO, MICHELE
2014

Abstract

The work reports the use of two financial indicators of intellectual and human capital and their empirical findings from the study of European Union companies. The authors use the VAIC indicator (similar to the earlier chapter) and the impact intellectual and human capital has on firm financial performances. They report that the impact is not consistent among samples and business performance indicators in terms of both significance and sign of coefficients. The second model used is a modification of, and a partial repetition and validation of, the method originally developed by Olhson. The authors report that the indicators of structural capital and human capital are always significant, suggesting that this information is relevant for investors that operate on the European stock markets. This chapter is a worthy example of the use of two quantitative methods when conducting a rigorous financial analysis of intellectual capital and human capital, suggesting to researchers and practitioners that different methods and tools have very different validities for predicting future outcomes.
2014
Management, Valuation, and Risk for Human Capital and Human Assets: Building the Foundation for a Multi-Disciplinary, Multi-Level Theory
9781137360946
02 Pubblicazione su volume::02a Capitolo o Articolo
An assessment of the Accounting Perspective on Intellectual Capital and Some Results from the European Union / Mattei, Marco; DI MARCANTONIO, Michele. - STAMPA. - (2014), pp. 189-219. [10.1057/9781137355720_8].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/643042
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