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Génesis, concepto y desarrollo del capital intelectual en la economía del conocimiento: una reflexión sobre el modelo Intellectus y sus aplicaciones


  • BUENO, Eduardo

    () (Departamento de Organización de Empresas e Instituto Universitario de Investigación IADE. UNIVERSIDAD AUTÓNOMA DE MADRID.)

  • SALMADOR, Mª Paz

    () (Departamento de Organización de Empresas e Instituto Universitario de Investigación IADE. UNIVERSIDAD AUTÓNOMA DE MADRID.)

  • MERINO, Carlos

    () (Departamento de Organización de Empresas e Instituto Universitario de Investigación IADE. UNIVERSIDAD AUTÓNOMA DE MADRID.)


The main source of competitive sustainable advantage, in the current socio-economic environment of the Knowledge Economy, resides basically in the Intellectual Capital. The main literature on Knowledge Management and Intellectual Capital was developed in the last decade of the 20th century, giving rise to the initial attempts for evaluating the latter concept. This paper examines firstly the origin and development of the Intellectual Capital and discusses the chief existing models. Then, the concept of Intellectual Capital is analysed together with the main applications and implementations of a particularly relevant model, the Intellects model. Finally, some conclusions and future research extensions are presented. En el entorno socio-económico actual de la Economía del Conocimiento, la principal fuente de ventaja competitiva sostenible de las organizaciones reside fundamentalmente en sus activos de naturaleza intangible, reflejados en su Capital Intelectual. En la última década del siglo XX, comenzó a desarrollarse la principal literatura de Dirección del Conocimiento y Capital Intelectual en las organizaciones, y con ella surgieron los primeros esfuerzos de evaluación de este último concepto. El presente trabajo muestra, en primer lugar, el origen, justificación y desarrollo del Capital Intelectual, para pasar seguidamente a destacar los principales modelos. A continuación, se analiza el concepto de Capital Intelectual, y seguidamente las principales aplicaciones y experiencias desarrolladas de uno de los modelos presentados, el Modelo Intellectus. Finalmente, se recogen las conclusiones del trabajo y posibles líneas de investigación a desarrollar sobre el tema

Suggested Citation

  • BUENO, Eduardo & SALMADOR, Mª Paz & MERINO, Carlos, 2008. "Génesis, concepto y desarrollo del capital intelectual en la economía del conocimiento: una reflexión sobre el modelo Intellectus y sus aplicaciones," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 26, pages 43-64, Agosto.
  • Handle: RePEc:lrk:eeaart:26_2_3

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    References listed on IDEAS

    1. Hélyette Geman & Marc Yor, 1993. "Bessel Processes, Asian Options, And Perpetuities," Mathematical Finance, Wiley Blackwell, vol. 3(4), pages 349-375.
    2. Kemna, A. G. Z. & Vorst, A. C. F., 1990. "A pricing method for options based on average asset values," Journal of Banking & Finance, Elsevier, vol. 14(1), pages 113-129, March.
    3. Daniel Dufresne, 2000. "Laguerre Series for Asian and Other Options," Mathematical Finance, Wiley Blackwell, vol. 10(4), pages 407-428.
    4. Mark Craddock & David Heath & Eckhard Platen, 1999. "Numerical Inversion of Laplace Transforms: A Survey of Techniques with Applications to Derivative Pricing," Research Paper Series 27, Quantitative Finance Research Centre, University of Technology, Sydney.
    5. Robert C. Merton, 2005. "Theory of rational option pricing," World Scientific Book Chapters,in: Theory Of Valuation, chapter 8, pages 229-288 World Scientific Publishing Co. Pte. Ltd..
    6. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
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    More about this item


    Intangible Capital; Intellectual Capital; Intellectual Capital Models; Intellectus Model/Activos intangibles; Capital Intangible; Capital Intelectual; Dirección del Conocimiento; Modelos del Capital Intelectual; Modelo Intellectus;

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other


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