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Intellectual Capital in the Theory of the Firm

Author

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  • Radiojecic, Tamara
  • Krstic, Bojan

Abstract

Intellectual capital has an inevitable role in the value creation process and represents significant determinant of the firms’ market success. In the contemporary circumstances, firms achieve and sustain their competitive advantages by mobilising and profitably exploiting intellectual resources. Therefore, the aim of this paper is to overview the evolutionary process of intellectual capital through theoretical examinations of different theories. The first notion of intellectual capital is connected with the resource-based view, then the dynamic capabilities and finally, the knowledgebased approach. The paper points toward increased importance of intellectual capital in contemporary circumstances.

Suggested Citation

  • Radiojecic, Tamara & Krstic, Bojan, 2017. "Intellectual Capital in the Theory of the Firm," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 63(4), December.
    • Handle: RePEc:ags:sereko:290340
    DOI: 10.22004/ag.econ.290340
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    Cited by:

    1. Bojan Krstić & Ljiljana Bonić & Tamara Rađenović & Milica Jovanović Vujatović & Jasmina Ognjanović, 2023. "Improving Profitability Measurement: Impact of Intellectual Capital Efficiency on Return on Total Employed Resources in Smart and Knowledge-Intensive Companies," Sustainability, MDPI, vol. 15(15), pages 1-18, August.
    2. Samuel Godadaw Ayinaddis & Habtamu Getachew Tegegne & Nitsuh Alemayehu Belay, 2024. "Does intellectual capital efficiency measured by modified value-added intellectual coefficient affect the financial performance of insurance companies in Ethiopia?," PLOS ONE, Public Library of Science, vol. 19(1), pages 1-15, January.
    3. Mila Austria Reyes & Monika Kussetya Ciptani & Teuku Ismail Fahmi, 2025. "Intellectual Capital Effects on Firm’s Profitability with Industry Types as Moderating Variable," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(1), pages 3390-3405, January.

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    Keywords

    Marketing;

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