School of Finance – HSE University

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The research working group of the Center for Interdisciplinary Intellectual Capital Research

Sсhool of finance: Assoсiate professor

Project of the research working group of the Center for Interdisciplinary Intellectual Capital Research

Goals and objectives of the working group

The project is aimed at the development and promotion of modern methods for intellectual capital measurement and evaluation, research of its role in increasing the efficiency of companies of different industries and organizational forms, assessment of its effectiveness, methods and practices development for its accounting, and its reflection in reporting for intellectual capital management in Russia. The development of intellectual capital research helps to optimize the mechanisms of effective interaction between leaders of the Russian business, the regulator and leaders of the academic community in interdisciplinary research.

Operational objectives

Scientific research and projects in the following areas:

- the role of intellectual capital (human, client, organizational) in the company performance, the creation of the business value, the impact on business models and, accordingly, new types of companies united by the wide range of innovative companies (knowledge intensive firms, KNIF), drivers of their growth, the specifics on a wide range of financial policies (financing, investing, payments to owners) in such companies;

- models for measuring the components of intellectual capital and assessing its effectiveness, their verification;

- new models for the cost of innovation assessment;

- the system of non-financial reporting of the companies from different sectors of the economy: indicators and measurements, certification (audit);

- the role of non-financial reporting for investment strategies, industry foresights, forecasting in companies, development of financial markets and “project finance factories” and government regulation;

- regular network seminar ‘Measurements for non-financial reporting’ holding with the involvement of leading Russian and foreign scientists.

- regular participation in EIASM conferences and the Global Intellectual Capital Initiative (WICI). In the future preparation of one of such conferences will be on the basis of the Higher School of Economics;

- joint research activities with foreign and Russian organizations and associations, joint scientific events holding, combination of efforts to attract external sources of funding for research projects.

Strategic Objectives

1. Development of international academic cooperation in the interdisciplinary field of intellectual capital research.

2. Creation in the Russian Federation of a national association based on the Global Intellectual Capital Initiative (WICI), which includes representatives of the academic community, business associations and government authorities and aimed at measurement systems development, indicators of intellectual capital, taking into account industry specifics and the size of the business, as well as spread of information on the accumulation and growth of intellectual capital in the Russian business.

The use of the experience of such an international network, its adaptation to the specifics of industries and forms of business and introduction into the practice of non-financial reporting a correct understanding of the role of intellectual capital for sustainable business development will allow:

reduce the lag in understanding the role and content of non-financial reporting by public companies;
make non-financial data on the Russian companies comparable to the international practice;
improve analytics on growth drivers, sustainability of growth in the fundamental value of the Russian companies in the interests of the regulator;
develop a system for analyzing the potential financial instability of companies based on the accumulation of data on non-financial factors that can characterize the operational risks of the companies;
create a system of predictive diagnostics of a new type adequate to the requirements of the knowledge economy and the digital economy based on the new technologies.

3. The establishment under the auspices of this association of the National Day of Intellectual Capital in Russia as a form of an annual international practical conference with presentations and spread of the results of applied developments.

Creation of a unified educational, scientific and methodological center on the basis of the HSE School of Finance responsible for the implementation of the professional development and professional retraining program for those engaged in the preparation of non-financial reporting in accordance with the international standards.

Students of the School of Finance:

Amankvah Set Odum, Master’s degree, Strategic Corporate Finance, 1st year student
Annamuradova Selbi Merdanovna, Master’s degree, Strategic Corporate Finance, 1st year student
Vasilievs Nikolay, Master’s degree, Strategic Corporate Finance, 1st year student
Druchok Sergey Mikhailovich, Master’s degree, Strategic Corporate Finance, 1st year student
Mohammed Yunuss, Master’s degree, Strategic Corporate Finance, 1st year student

Associate:

Dr John Dumay, Associate Professor of Accounting at Macquarie University, Sydney, Australia.

Associate Editor of Accounting Auditing and Accountability Journal and Meditari Accountancy Research, member of the Editorial Board of Advice for the Journal of Knowledge Management, VINE: The Journal of Information and Knowledge Management Systems, Managerial Auditing Journal, Accounting Education and Journal of Accounting and Organizational Change.