Open AccessMonetary valuation of intellectual human capital in innovative activity
Author(s) -
Marina A. Fedotova,
О. В. Лосева,
Olga Igo-revna Kontorovich
Publication year - 2016
Publication title -
equilibrium
Language(s) - English
Resource type - Journals
eISSN - 2353-3293
pISSN - 1689-765X
DOI - 10.12775/equil.2016.017
Subject(s) - intellectual capital , human capital , valuation (finance) , objectivity (philosophy) , intellectual property , business , economics , accounting , economic growth , finance , computer science , philosophy , epistemology , operating system
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