Practical application of selected methods of intellectual capital valuation : a research study

Purpose: Reports on non-financial data include elements identified in the structure of intellectual capital, whose proper valuation is a challenge for business. The purpose of this study is to show the legal framework of the analysis, reporting and valuation of intangible assets and practical applications of selected methods of intellectual capital valuation on the example of the brewing industry. Design/Methodology/Approach: The methods selected for the purposes of this case study are the market value to book value ratio, the calculated intangible value index, the Tobin’s q ratio and the value-added intellectual coefficient. Calculations were made based on data from reports of a selected joint-stock company from the brewing industry. Findings: The carried out intellectual capital valuation has confirmed that applying only one valuation method does not give a fair view of intangible assets, and the lack of considering context in the valuation makes the obtained data lose its decision-making value. Practical Implications: A new approach to the process of intellectual capital valuation, based on long-term integration of selected valuation methods as well as on consideration the context of the analyzed numbers, has been proposed. Originality/Value: The results are original because they can be used to develop future intellectual capital valuation scenarios. They constitute a kind of "guide" for intellectual capital managers.peer-reviewe

Specialization integrated strategy of innovations : effective model for emerging regional economy development?

Purpose: The purpose of our work is to propose a strategic model of smart specialization identification around the concept of regional knowledge and cognitive transfer (Double Helix Matrix, DHM). Design/Methodology/Approach: While operationalization of smart specialization-oriented policy is still rather limited because of the lack of agreed development policy tools, we proposed the DHM model developed in order to provide the implementation of regional smart specialization oriented strategy. The model has been statistically verified by multidimensional comparative analysis on the example of a chosen weak innovative emerging region in Poland (Opolskie). Findings: The proposed methodology let us to find the need of redefining the smart specialization concept as a part of regional innovation strategy. Practical Implications: The new approach to the regional innovation policy has been proposed.. The findings have been used to construct the regional policy directives for potential smart specializations development within 2027 perspective. Originality/Value: The new model to conduct regional innovation strategy for smart specialization has been proposed and verified on the example of the weak innovation region.peer-reviewe