title: The impact of intellectual capital on firmâs competitive advantage and its valuation approaches: an empirical study of listed telecommunication companies
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: ÐÐ»Ð¸ÑÐ½Ð¸Ðµ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð½Ð° ÐºÐ¾Ð½ÐºÑÑÐµÐ½ÑÐ½Ð¾Ðµ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð¾ ÑÐ¸ÑÐ¼Ñ Ð¸ Ð¿Ð¾Ð´Ñ Ð¾Ð´Ñ Ðº ÐµÐ³Ð¾ Ð¾ÑÐµÐ½ÐºÐµ: ÑÐ¼Ð¿Ð¸ÑÐ¸ÑÐµÑÐºÐ¾Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ Ð¿ÐµÑÐµÑÐ¸ÑÐ»ÐµÐ½Ð½ÑÑ ÑÐµÐ»ÐµÐºÐ¾Ð¼Ð¼ÑÐ½Ð¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹
Creators: name: Ermoshina, Anastasiia
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2018
Subjects: Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½ÑÐ¹ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»
Ð½ÐµÐ¼Ð°ÑÐµÑÐ¸Ð°Ð»ÑÐ½ÑÐµ Ð°ÐºÑÐ¸Ð²Ñ
ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸
ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ Ð·Ð°ÑÑÐ°Ñ
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description: The object of the dissertation work is six international telecommunication companies: China Mobile, China Telecom, Deutsche Telekom, Orange, Telefonica, MTS. The research period is from 2011 until 2017. The aim of the thesis is to examine the relationship between the intellectual capital and competitive advantages within the telecommunications sector. The theoretical aspects of intellectual capital in the context of influence on the firms competitive advantages have been thoroughly studied in the research work, namely: the essence, structure, various valuation methods, as well as the influence of intellectual capital on the firmâs performance. Based on the method proposed by Ante Pulic (1998), we used the Value added intellectual coefficient (VAIC) model to calculate the efficiency of intellectual capital in telecommunication companies.
The VAIC indicator allowed measuring the contribution of each resource - human, structural, physical and financial - in creating the value of telecommunications companies. In addition, we conducted financial data analysis. It revealed a positive relationship between the VAIC level and the company's performance indicators.
The performed researches have confirmed positive influence of the intellectual capital on the companyâs financial and economic indicators. This allows asserting that the value of VAIC coefficient is linked with their competitiveness in the global telecommunication sector.
description: ÐÐ±ÑÐµÐºÑÐ¾Ð¼ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ²Ð»ÑÑÑÑÑ ÑÐµÑÑÑ Ð³Ð»Ð¾Ð±Ð°Ð»ÑÐ½ÑÑ ÑÐµÐ»ÐµÐºÐ¾Ð¼Ð¼ÑÐ½Ð¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹: China Mobile, China Telecom, Deutsche Telecom, Orange Telefonica Ð¸ MTS. ÐÐµÑÐ¸Ð¾Ð´ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ñ 2011 Ð¿Ð¾ 2017 Ð³Ð¾Ð´. Ð¦ÐµÐ»ÑÑ Ð´Ð¸ÑÑÐµÑÑÐ°ÑÐ¸Ð¸ ÑÐ²Ð»ÑÐµÑÑÑ Ð¸Ð·ÑÑÐµÐ½Ð¸Ðµ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð¸ Ð¼ÐµÐ¶Ð´Ñ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½ÑÐ¼ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¾Ð¼ Ð¸ ÐºÐ¾Ð½ÐºÑÑÐµÐ½ÑÐ½ÑÐ¼Ð¸ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð°Ð¼Ð¸ Ð² ÑÐµÐ»ÐµÐºÐ¾Ð¼Ð¼ÑÐ½Ð¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¼ ÑÐµÐºÑÐ¾ÑÐµ. Ð ÑÐ°Ð±Ð¾ÑÐµ ÑÑÐ°ÑÐµÐ»ÑÐ½Ð¾ Ð¸Ð·ÑÑÐµÐ½Ñ ÑÐµÐ¾ÑÐµÑÐ¸ÑÐµÑÐºÐ¸Ðµ Ð°ÑÐ¿ÐµÐºÑÑ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð² ÐºÐ¾Ð½ÑÐµÐºÑÑÐµ Ð²Ð»Ð¸ÑÐ½Ð¸Ñ Ð½Ð° ÐºÐ¾Ð½ÐºÑÑÐµÐ½ÑÐ½ÑÐµ Ð¿ÑÐµÐ¸Ð¼ÑÑÐµÑÑÐ²Ð° ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð° Ð¸Ð¼ÐµÐ½Ð½Ð¾ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ñ: ÑÑÑÐ½Ð¾ÑÑÑ, ÑÑÑÑÐºÑÑÑÐ°, ÑÐ°Ð·Ð»Ð¸ÑÐ½ÑÐµ Ð¼ÐµÑÐ¾Ð´Ñ Ð¾ÑÐµÐ½ÐºÐ¸, Ð° ÑÐ°ÐºÐ¶Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð½Ð° Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´Ð¸ÑÐµÐ»ÑÐ½Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. ÐÑÐ½Ð¾Ð²ÑÐ²Ð°ÑÑÑ Ð½Ð° Ð¼ÐµÑÐ¾Ð´Ðµ, Ð¿ÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ð½Ð¾Ð¼ ÐÐ½ÑÐµ ÐÑÐ»Ð¸ÐºÐ¾Ð¼ (1998), Ð¼Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð»Ð¸ Ð¼Ð¾Ð´ÐµÐ»Ñ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ ÐºÐ¾ÑÑÑÐ¸ÑÐ¸ÐµÐ½ÑÐ° Ð´Ð¾Ð±Ð°Ð²Ð»ÐµÐ½Ð½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ (VAIC) Ð´Ð»Ñ ÑÐ°ÑÑÑÑÐ° ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ Ð¸Ð½ÑÐµÐ»Ð»ÐµÐºÑÑÐ°Ð»ÑÐ½Ð¾Ð³Ð¾ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° Ð² ÑÐµÐ»ÐµÐºÐ¾Ð¼Ð¼ÑÐ½Ð¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸ÑÑ. ÐÐ¾ÐºÐ°Ð·Ð°ÑÐµÐ»Ñ VAIC Ð¿Ð¾Ð·Ð²Ð¾Ð»Ð¸Ð» Ð¸Ð·Ð¼ÐµÑÐ¸ÑÑ Ð²ÐºÐ»Ð°Ð´ ÐºÐ°Ð¶Ð´Ð¾Ð³Ð¾ ÑÐµÑÑÑÑÐ° - ÑÐµÐ»Ð¾Ð²ÐµÑÐµÑÐºÐ¾Ð³Ð¾, ÑÑÑÑÐºÑÑÑÐ½Ð¾Ð³Ð¾, ÑÐ¸Ð·Ð¸ÑÐµÑÐºÐ¾Ð³Ð¾ Ð¸ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð³Ð¾ â Ð² ÑÐ¾Ð·Ð´Ð°Ð½Ð¸Ð¸ ÑÐµÐ½Ð½Ð¾ÑÑÐ¸ ÑÐµÐ»ÐµÐºÐ¾Ð¼Ð¼ÑÐ½Ð¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. ÐÑÐ¾Ð¼Ðµ ÑÐ¾Ð³Ð¾, Ð¼Ñ Ð¿ÑÐ¾Ð²ÐµÐ»Ð¸ Ð°Ð½Ð°Ð»Ð¸Ð· ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð´Ð°Ð½Ð½ÑÑ, Ð²ÑÑÐ²Ð¸Ð»Ð¸ Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½ÑÑ ÑÐ²ÑÐ·Ñ Ð¼ÐµÐ¶Ð´Ñ ÑÑÐ¾Ð²Ð½ÐµÐ¼ VAIC Ð¸ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»ÑÐ¼Ð¸ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´Ð¸ÑÐµÐ»ÑÐ½Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸.
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