"Construction" and valuation of intellectual capital: a case study.
The aim of this study is to reflect on how the specific
nature of intellectual capital influences the valuation process, in practice,
and how it impacts on some of the qualities of its value. This study is based
on a case study ("Ankon") developed by adopting a modest interventionist
approach.
The results achieved highlight the relevance of the
intellectual capital valuation process in spite of the intellectual capital
value per se. In fact, while intellectual capital value seems to present a limited
level of objectivity, consistency, comparability and understandability, its
valuation process can be considered an opportunity to visualise and understand
intellectual capital and its influence on financial performance. In other
words, intellectual capital valuation can be considered as a practice useful to
crave the attention of the managers on intellectual capital in action.
The
findings provided by this research enrich the critical discussions on
intellectual capital measurement and can be useful to those interested in
studying intellectual capital in action and in developing new valuation models
or refining existing models.
Ricerca Nazionale
