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Recognition of intellectual capital importance in the university sector

Author

Listed:
  • Yolanda Ramírez

    (Full Professors, Faculty of Management and Economy,University of Castilla-La Mancha, Spain)

  • Ã ngel Tejada

    (Full Professors, Faculty of Management and Economy,University of Castilla-La Mancha, Spain)

  • Silvia Gordillo

    (Full Professor, Faculty of Software Engineering,National University of La Plata, Argentina)

Abstract

The main aim of this paper is to know the opinion of the university stakeholders regarding the importance they give to intellectual capital reporting. To this end, a questionnaire was designed and sent to every member of the Social Councils of Spanish public universities. The results of our empirical study show that the current annual accounts published by universities barely cover the information needs of the different stakeholders. These results allow us to recommend extending the limits of universities’ annual accounts so as to include the information on intellectual capital demanded by the different stakeholders. In our opinion, the traditional accounting systems do not suffice for higher education institutions, whose value creation depends more on intellectual capital type resources. Finally, this empirical study identifies which of components of intellectual capital (human, structural and relation) is the most relevant for publication. The results show that the information most valued by the different stakeholder groups is that related to relational capital, followed by human and then lastly structural capital.

Suggested Citation

  • Yolanda Ramírez & à ngel Tejada & Silvia Gordillo, 2013. "Recognition of intellectual capital importance in the university sector," International Journal of Business and Social Research, LAR Center Press, vol. 3(4), pages 27-41, April.
    • Handle: RePEc:lrc:larijb:v:3:y:2013:i:4:p:27-41
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    References listed on IDEAS

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    1. Karl-Heinz Leitner, 2004. "Intellectual capital reporting for universities: conceptual background and application for Austrian universities," Research Evaluation, Oxford University Press, vol. 13(2), pages 129-140, August.
    2. Roland Burgman & Goran Roos & Lisa Boldt-Christmas & Stephen Pike, 2007. "Information needs of internal and external stakeholders and how to respond: reporting on operations and intellectual capital," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 4(4/5), pages 529-546.
    3. Nory Jones & Curtis Meadow & Miguel-Angel Sicilia, 2009. "Measuring Intellectual Capital in Higher Education," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 8(02), pages 113-136.
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    Cited by:

    1. Juhi Kamakoty & Sandeep Singh, 2023. "PHEISQUAL: A Scale to Measure Service Quality of Professional Higher Educational Institute From Faculty Perspective," SAGE Open, , vol. 13(4), pages 21582440231, October.
    2. Saqer Sulimas Al-Tahat & Alaa Jaber Matarneh & Osama Abdul Moneim Ali, 2019. "The Impact of the Intellectual Capital of the University Administration in Achieving the Quality of Education," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(2), pages 137-154, February.
    3. Pavel A. Novgorodov, 2019. "Valuation of higher education institution’s intellectual capital: The issue of methodology," Journal of New Economy, Ural State University of Economics, vol. 20(1), pages 78-94, March.
    4. Zuhair A. Al-Hemyari & Abdullah M. Al-Sarmi, 2018. "Information Management Model for Intellectual Capital of HEIs in Oman: Theoretical Quantitative Approach and Practical Results," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-38, March.

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