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The Role of Universities in Consolidating Intellectual Capital and Generating New Knowledge for a Sustainable Bio-Economy

Author

Listed:
  • Adriana Tiron-Tudor

    (Babes-Bolyai University, Cluj-Napoca, Romania)

  • Cristina Silvia Nistor

    (Babes-Bolyai University, Cluj-Napoca, Romania)

  • Cristina Alexandrina Stefanescu

    (Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

This study focuses on the wide debated concept of bio-economy, underlying its evolution and connection with universities’ goal, from the intellectual capital (IC) perspective. It’s aim is to highlight the mutual influence of IC disclosures and knowledge management in its ability to foster the development of the bio economic environment. Thus, this paper covers a significant gap by approaching the universities' IC disclosure and bio-economy evolution. It also enriches the literature by underpinning the proposed model on the macroeconomics theories (public interest theory, stakeholders or agency theory). These theories supports the need to enhance transparency and accountability through greater disclosure levels. The empirical research performed by combining the qualitative analysis performed for developing the IC disclosure index with the quantitative techniques enable us to develop an econometric model on the Romanian public universities. It is aimed to express their role in the IC as a mean of achieving a sustainable economy. The study’ results reveal that there is a strong connection between the IC disclosure and bio-economy, knowing that public universities are research clusters for innovative and durable economy environment. Moreover, based on the Romanian public universities' position, we identified and discussed about the explanatory factors influencing the IC disclosures, which can help or stimulate the association between the public and private interest, having bio-economy as a focus point.

Suggested Citation

  • Adriana Tiron-Tudor & Cristina Silvia Nistor & Cristina Alexandrina Stefanescu, 2018. "The Role of Universities in Consolidating Intellectual Capital and Generating New Knowledge for a Sustainable Bio-Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 599-599, August.
    • Handle: RePEc:aes:amfeco:v:20:y:2018:i:49:p:599
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    References listed on IDEAS

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    Cited by:

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    2. Miklos Pakurar & Istvan Andras Kun & Janos Felföldi & Laszlo Vasa & Judit Olah, 2020. "Integration of Logistics Function and Business Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 567-583.
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    5. Secundo, Giustina & Ndou, Valentina & Vecchio, Pasquale Del & De Pascale, Gianluigi, 2020. "Sustainable development, intellectual capital and technology policies: A structured literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    6. Catalin Postelnicu & Sorin Calea, 2019. "The Fourth Industrial Revolution. Global Risks, Local Challenges for Employment," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(2), pages 195-206.

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    More about this item

    Keywords

    bio-economics; intellectual capital; universities.;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development

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