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Monetary Valuation Of Intellectual Human Capital In Innovative Activity

Author

Listed:
  • ?arina Alekseevna Fedotova

    (Financial University under the Government of the Russian Federation)

  • Olga Vladislavovna Loseva

    (Financial University under the Government of the Russian Federation)

  • Olga Igo-revna Kontorovich

    (Financial University under the Government of the Russian Federation)

Abstract

The article views the structure of an organization’s intellectual human capital, which integrates both employees’ intellectual, professional and personal abilities to perform innovation activity and their results achieved in the process of this activity. The authors prove the role of intellectual human capital in improving an organization’s innovation activity. Basing on the cost, income, expert and psychological approaches, the article develops the intellectual capital monetary valuation model focused on an increase in the objectivity of measuring its value by means of the individual intellectual and performance report. The application of this model is aimed at activating the innovative development of social and economic entities by increasing the quality and efficiency of intellectual human capital.

Suggested Citation

  • ?arina Alekseevna Fedotova & Olga Vladislavovna Loseva & Olga Igo-revna Kontorovich, 2016. "Monetary Valuation Of Intellectual Human Capital In Innovative Activity," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(2), pages 369-385, June.
    • Handle: RePEc:pes:ierequ:v:11:y:2016:i:2:p:369-385
    DOI: 10.12775/EQUIL.2016.017
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    References listed on IDEAS

    as
    1. Luminita-Maria Gogan & Anca Draghici, 2013. "A performance model to evaluate intellectual capital," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 6(2), pages 101-110, December.
    2. Stephen T.T. Teo & Kira Kristal Reed & Karen Ly, 2014. "Human resource involvement in developing intellectual capital," The Service Industries Journal, Taylor & Francis Journals, vol. 34(15), pages 1219-1233, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Evgeny Popov & Maxim Vlasov & Horst Hanusch, 2017. "Traditional Economy Influences on Intellectual Capital Development," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(1), pages 87-95.
    2. repec:mje:mjejnl:v:12:y:2017:i:1:p:87-95 is not listed on IDEAS

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    More about this item

    Keywords

    intellectual human capital; value; valuation; innovation activity;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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