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Evaluation of the Possibilities of Using the Knowledge Capital Earnings Method (KCETM) for Depicting Intellectual Capital in the Annual Reports of Polish Companies

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  • Bagieńska Anna

    (Bialystok University of Technology, Faculty of Engineering Management)

Abstract

Intellectual capital is not sufficiently depicted in the annual reports of Polish companies, although it plays an important role in the operation and market valuation of enterprises. The aim of the paper is to evaluate the possibilities of using the KCETM method for depicting intellectual capital in the enterprise annual report – in particular, in the integrated reports. The KCE method developed by Lev has been modified in the area of normalized revenues, of which the evaluation method is not controlled by the audit, which results in its subjectivity. We adopted the category of gross profit generated by an enterprise from sales (including a large share of costs of earnings) which is reported by the enterprise. On the basis of the financial data from annual reports, we conducted the Knowledge Capital Earnings measurement of selected IT companies and this method was evaluated by comparing the results with the market and financials indicators of the companies and their Market-to-Book Values.

Suggested Citation

  • Bagieńska Anna, 2019. "Evaluation of the Possibilities of Using the Knowledge Capital Earnings Method (KCETM) for Depicting Intellectual Capital in the Annual Reports of Polish Companies," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 15(4), pages 1-11, December.
    • Handle: RePEc:vrs:finiqu:v:15:y:2019:i:4:p:1-11:n:6
    DOI: 10.2478/fiqf-2019-0023
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    More about this item

    Keywords

    intellectual capital; KCETM method; annual report; integrated reporting;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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