Disclosing Intellectual Capital in Russian Companies

19 Pages Posted: 22 Mar 2018

See all articles by Mariya Molodchik

Mariya Molodchik

National Research University Higher School of Economics, Perm Campus

Carlos M. Fernández-Jardón

University of Vigo - Departamento de Economia Aplicada

Elena Trapeznikova

National Research University Higher School of Economics

Date Written: March 14, 2018

Abstract

This paper presents a tool for intellectual capital (IC) disclosure (ICD) in Russian companies using metrics from publicly available data sources. The study employs the concept of ICD as a theoretical framework, while the methodological approach for the measurement of IC involves the application of index construction principles. The empirical part of the study investigates the level of ICD in Russian companies and justifies the metrics for four components of IC. The study uses a database of more than 1,000 Russian public companies covering the period 2004-2014 for econometric estimations. Among Russian companies, there is a limited information transparency, while ICD is a rare occurrence. The involuntary disclosure approach, however, appears to be relevant in the case of the Russian business environment. The study reveals several metrics based on publicly available data for human, innovation, process and relational capital. The presented IC index should improve decision-making processes among policymakers, investors and company managers. To the best of the author’s knowledge, this is the first study on ICD in Russian companies. The measurement approach contributes to the topic of involuntary ICD.

Keywords: Intellectual Capital, Disclosure, Index, Principal Component Analysis, Measurement, Russian Companies, Involuntary Disclosure

JEL Classification: O30, M40, L20

Suggested Citation

Molodchik, Mariya Anatolievna and Fernández-Jardón, Carlos M. and Trapeznikova, Elena, Disclosing Intellectual Capital in Russian Companies (March 14, 2018). Available at SSRN: https://ssrn.com/abstract=3140614 or http://dx.doi.org/10.2139/ssrn.3140614

Mariya Anatolievna Molodchik (Contact Author)

National Research University Higher School of Economics, Perm Campus ( email )

Studencheskaya street, 38
Perm, Perm 614017
Russia

HOME PAGE: http://www.hse.ru

Carlos M. Fernández-Jardón

University of Vigo - Departamento de Economia Aplicada ( email )

E.U. de Enx. Técn. Industrial.
Vigo, Pontevedra E-36200
Spain

Elena Trapeznikova

National Research University Higher School of Economics ( email )

Soyza Pechatnikov str., 15
St. Petersburg, 190068
Russia

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