Query: knowledge capital

title: Education, knowledge capital, and economic growth
abstract: This article reviews the role of education in promoting economic growth, with a particular focus on the role of knowledge capital, or the aggregate skills of a country. It concludes that there is strong evidence that the cognitive skills of the population rather than mere school attainment are powerfully related to long run economic growth. The relationship between knowledge capital and growth proves extremely robust in empirical applications. The effect of skills is complementary to the quality of economic institutions. Growth simulations reveal that the long run rewards to educational quality are large but also require patience.

title: Knowledge networks and markets (Supporting Investment in Knowledge Capital, Growth and Innovation)
abstract: Rising investment in knowledge based capital and the unprecedented accumulation of information and intellectual property rights have driven a widespread search for mechanisms to help individuals, businesses and organisations navigate increasingly complex innovation systems. Knowledge networks and markets (KNMs) are the set of systems, institutions, social relations, networks and infrastructures that enable the exchange of knowledge and associated intellectual property rights. KNMs provide services to actors in the innovation system ranging from facilitation of the search for, and matching to, relevant counterparties, to evaluating, executing and enforcing agreements. This chapter reviews the different types of KNM including aspects of the market for skilled workerstheir rationale, modus operandi, and what is known about best policy practice. Emphasis is placed on the complexity of policy analysis and evaluation. The challenges of measuring relevant knowledge flows are also examined. The LinkToContentAt: http:/dx.doi.org/10.1787/9789264193307 10 en Knowledge Type: Thematic report  Other Tag: knowledge source  litigation  knowledge flows [4] enforcement  intellectual property rights [6] innovation system [7] innovation survey  innovation strategy  trade secrets  Parent URL: http:/dx.doi.org/10.1787/9789264193307 en [11]

title: Is knowledge capital theory degenerate? PIAAC, PISA, and economic growth
abstract: Extending recent analyses using PISA data, the current study utilises the OECD's Survey of Adult Skills (PIAAC) to test the central claims of knowledge capital theory. PIAAC has a distinct advantage over PISA in that it more directly tests levels of purported 'knowledge capital' across an entire national workforce, rather than offering approximations based on the performance of 15 year old students. Findings from our two original studies reported herein further refute the tight linkage between cognitive levels and GDP growth per capita envisaged by proponents of knowledge capital, most notably the OECD and World Bank. These results suggest that knowledge capital theory is now degenerate. If scholars are willing to extend this reporting of results refuting knowledge capital theory, this will likely accelerate the theory's loss of momentum in the coming years.

title: The Knowledge Capital of the Network Firm: Socialization Versus Business Appropriation of Scientific Work
abstract: The changes that have affected academic institutions and scientific work in the past 20 years can be explained by the evolution of the firm's organization and strategy. The current network firm represents the fourth stage in the organization of production, characterized by the importance of networks, linking salaried people from the firm and from many other institutions like universities and research centers, with the aim to increase the innovation capacity. The constitution of the enterprise knowledge capital largely involves academics institutions and scholars themselves who are urged to commercialize their research and develop narrow partnerships with companies. We analyze the impacts of this privatization of knowledge with respect to its orientation and private appropriation. The rules of the markets are now dominating the production of knowledge which may explain the increasing flexibility and agility asked to academic institutions and work.

title: Knowledge capital, CEO power, and firm value: Evidence from the IT industry
abstract: Disruptive innovation dramatically changes the demand of a product market in the information technology (IT) industry. In response to the impact of disruptive innovation, IT firms that may be eliminated from the competitive race actively develop innovative products and adjust their operating strategies to strengthen their survivability in the fiercely competitive market. Thus, this study explores the factors that affect firm value in the IT industry under the impact of disruptive innovation. The empirical results reveal that knowledge capital and CEO power play crucial roles in explaining firm value. IT firms with powerful CEOs and increased knowledge capital have high firm values. The effects of knowledge capital and CEO power on firm value are especially significant for founder and duality CEO firms. Furthermore, the influence of CEO power is more prominent in periods of financial crisis.

title: Knowledge Capital The Big Picture

title: Business Stories of Knowledge Capital

title: Laperche, Blandine. Enterprise Knowledge Capital.

title: Fundamentals of Knowledge Capital

title: Metrics for Knowledge Capital Assets