Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105435
Authors: 
Shakina, Elena
Barajas, Angel
Year of Publication: 
2013
Citation: 
[Journal:] Contemporary Economics [ISSN:] 2084-0845 [Publisher:] Vizja Press & IT [Place:] Warsaw [Volume:] 7 [Year:] 2013 [Issue:] 4 [Pages:] 41-56
Abstract: 
This paper studies the marginal contribution of intellectual capital (IC) components to company value using a hedonic pricing framework. The ANOVA is used to identify group differences among different national markets and industries. Two models have been developed to reflect the time effect: one related to the immediate creation of value and another for the long term. As could be expected, the contribution of IC to companies' value creation differs significantly between countries and industries. Both models, short- and long-term, are significant and with a normal explanatory power. We have found both positive and negative coefficients. Human capital plays a critical positive role in value creation in the short term. Structural and relational capital becomes more relevant in the long term. However, in the long term, the results obtained regarding the effect of human capital are unclear.
Subjects: 
intellectual capital
hedonic price
contribution
value creation
EVA&#x00a9
FGV&#x00a9
JEL: 
O12
L20
M21
J24
Persistent Identifier of the first edition: 
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size
335.61 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.