Intellectual Capital

The 9^th interdisciplinary workshop on intangibles, intellectual capital and extra-financial information was held at the Copenhagen Business School at the end of September. It was organized by EIASM (the European Institute for Advanced Studies in Management). Mariya Molodchik, Associate Professor of the Laboratory of Interdisciplinary Empirical Studies HSE Perm told about the event.

— What was the aim of this workshop?

— This year’s workshop aimed to combine theory and practice and to give a state-of-the-art overview of intellectual capital measurement and management. It therefore focused on taking stock of the developments during the last decade and looking at progress made in raising awareness, developing robust measurement and reporting methods, and helping organizations to better manage IC resources.

In quest of IC Model.ppt

— Who were the participants of the seminar?

— The workshop attracted people from the academic world as well as business representatives. PhD students were also invited to this event. From the National Research University Higher School of Economics, the following people participated: Professor Irina Ivashkovskaya, Assistant Professor Elvina Baiburina and I .Prof. Irina Ivashkovskaya attended the 1^st workshop on intangibles in 2004 in Italy and since then she has investigated the role of intellectual capital in the financial performance of companies. This year Prof. Irina Ivashkovskaya and Prof. Elvina Baiburina presented their research results on “The stylized benchmark of IC disclosure: the value relevance for BRICS, US, German listed companies”. My presentation was devoted to the topic “In search of the IC Model: discovering the six elements of intellectual capital”. I (on behalf of the Perm research group also delivered a session on “Intellectual Capital Accounting in Practice” together with the company AREOPA.

— Сould you please tell us more about HSE Perm’s cooperation with AREOPA? What are the goals and achievements?

I first met the president of AREOPA, Ludo Pyis, in 2011 during the European Conference on Intellectual Capital. AREOPA is an international company that provides consulting and education services in the field of knowledge management and intellectual capital. In 2012, the economic faculty of HSE Perm invited Ludo Pyis to a two-day interdisciplinary Workshop. One of the main results of that event was the development of joint projects: international master’s program, research into the impact of intellectual capital on companies’ performance, as well as annual workshops for business representatives. Our joint activities aim to provide an international research focus, as well as developing new practices, tools and products that enable Russian companies to manage their intellectual capital. So far this year, during the 9^th international workshop on intangibles we (Perm HSE and AREOPA) launched the IC Accounting project. This is due to begin at the end of this year when Ludo Pyis will give lectures for master’s students of the economic faculty of Perm HSE as a visiting professor. His visit will also include a series of workshops for young researchers and representatives of Perm companies who are interested in value creation through intangible assets.

 Developing innovative intelligence in collaboration.ppt

Anna Chernyakhovskaya, specially for the HSE news service