Reporting intellectual capital in Spain

This study reports on the analysis of annual reports from 14- listed companies in Spain over a five-year period, from 1998 to 2002. Companies in the sample are selected on the basis of their knowledge-based assets and incentives to report on Intellectual Capital. The empirical analysis is twofold: 1) Firstly, we analyse the value of intellectual capital using a value-based approach, through the difference between market and book value over the period considered. Results show that there is a general decrease in the 'hidden value' of these companies, probably due to the general trend in stock markets. 2) Secondly, we carry out a content-based analysis of the complete annual reports of the companies over the five year period. Preliminary findings seem to suggest that although the level of disclosure has increased over time, this is mainly in the form of narrative. Overall, the level of disclosure of intellectual capital remains low.Intellectual capital, disclosure, Spain

Social Energy - A New Form of Perceiving Capital in Postmodern Economy

The presented paper deals with the issue of social creation of knowledge in the postmodern economic order. The concept of beneficients as a core idea of this conception in connection with thermodynamic analogy in interdisciplinary problem leads to the materialistic and intellectual dual analysis of sustainable phenomenon of development and creation of knowledge. The paper discusses the possibility of a new way of development of institutional economy in the direction of knowledge economy and the change in an approach to an organisation from the traditional systemic to a cooperating community. The presented considerations are a germ of intellectual infrastructure and supporting the process of structural learning and sustainable development with artificial intelligence. It has been suggested that social energy should be considered as an alternative way of perceiving development.entropy, social complex systems, postmodern economy, econophbysics, multiagent economy

Toward a Human Rights Framework for Intellectual Property

This Article, prepared for a Symposium on Intellectual Property and Social Justice held at the University of California at Davis School of Law in March 2006, addresses the growing intersection of human rights law and intellectual property law. Its principal point of departure is a November 2005 General Comment on the right of everyone to benefit from the protection of the moral and material interests resulting from any scientific, literary or artistic production of which he is the author - a relatively obscure provision of the International Covenant on Economic, Social and Cultural Rights. The Article builds upon the analysis in the General Comment to sketch the tentative outlines of a human rights framework for intellectual property, a framework that offers a distinctive approach for mediating the two fields of law and policy. The Article also analyzes the rapidly changing institutional environment in which states and NGOs are generating new legal rules to govern the interface between human rights and intellectual property. It focuses in particular on three recent treaty-making initiatives in three intergovernmental organizations - UNESCO, WHO, and WIPO. These initiatives include (1) the recently adopted Convention on the Protection and Promotion of the Diversity of Cultural Expressions, (2) the proposed Medical Research and Development Treaty, and (3) the proposed Access to Knowledge Treaty. Each of these treaty texts draws upon international human rights law in different ways to question existing approaches to intellectual property protection and to revise the mandates of intergovernmental organizations

The Semantic Dynamics of the Intellectual Capital Concept

Intellectual capital is considered to be the most important source of wealth in the New Economy. Whether called intellectual capital, intangible assets, intangible resources, knowledge resources, it is increasingly getting more and more attention from both practitioners and researchers. For sound empirical approaches in this field, we first need to understand better what is meant by intellectual capital. This paper presents a complex analysis of the concept of intellectual capital.intellectual capital, intangible assets, knowledge, knowledge resources, knowledge assets.

THE EMERGENCE OF A KNOWLEDGE AGGLOMERATION: A SPATIO-TEMPORAL ANALYSIS OF INTELLECTUAL CAPITAL IN INDIANA

U.S. States and communities increasingly compete for intellectual power so as to thrive toward an economically vibrant setting that spurs the entrepreneurial spirit and attracts businesses and industries from around the world. As a recent report by the U.S. census reveals, 17 U.S. States have gained such intellectual power through the net inmigration of young, single and college educated persons. The State of Indiana is among the remaining thirty-three States that have a negative net balance, even ranking among the bottom ten in their ability to attract this highly valued population segment. In fact, for every young, single, college educated inmigrant, Indiana loses nearly two to other states. However, an analysis at the state-level hides important small-scale variations. This paper therefore investigates the processes leading to changes in the spatial distribution of knowledge workers across Indiana counties, with emphases on in-situ change, retention, intra- and interstate migration. The analysis shows that these demographic changes at the county level in fact reveal a less bleak picture than the state-wide aggregate figures suggest, and uncover remarkable peaks in the landscape of intellectual capital that can serve as a catalyst for attracting intellectual capital from outside the State.

The Profiles of Software Pirates among Tertiary Institutions in Singapore

The study seeks to examine the perception of software piracy as well as to discover its underlying factors among Singapore’s three university communities. Some five hundred responses were gathered from students and staff. By means of cluster analysis and factor analysis, the results identify three clusters of pirate profiles as influenced by factors such as attitudes towards software publishers, general acceptance, convenience, and ethics. The decision tree method links each pirate profile to demographic and computer-related variables. It shows that while age is negatively related to software piracy, computer experience and computer usage demonstrates an ambiguous relationship to software piracy respectively. Further, the undergraduate students tend to be pirates more often than university employees, and the Malays tend to be less frequent pirates as compared to other races. It is hoped that the study will help the relevant policy makers to develop better strategies to protect and to enforce the intellectual property rights among the universities as well as in an increasingly knowledge-based economy such as Singapore.Software Piracy; Software Policy; Protection and Enforcement of Intellectual Property Rights; Cluster Analysis; Factor Analysis.

The Implications of Information and Communication Technology and of Emotional Intelligence within Organizations

Lately people say more and more about emotional intelligence, about knowledge based economy, about intangible assets and intellectual capital. The permanent improvement of the knowledge supply will be decisive for reaching the success. But only the creation of the networks of knowledge dissemination will not automatically generate the intended results. Organizational change represents one of the most interesting themes concerning organizational behavior analysis, and approaching this topic implies discussing the transformations that are taking place in society, or, specifically, in organizations. Another topic worth treating is the aspect of emotional intelligence, so necessary for individual success, but also for the organizational one.communication, emotional intelligence, information technology, organizational change.

Do University Based Regions Really Attract Outside Entrepreneurs: The Case of the German Biotechnology Industry

The paper tests empirically the role of knowledge stocks to explain the regional distribution of Germany?s biotechnology founders. We present an unique approach to highlight the role of knowledge spillovers as we differentiate according the local embeddedness and research affinity of founders. As expected, the results of our multivariate analysis indicate a high start-up activity in knowledge intensive regions. Group differentiation shows that knowledge stock variables matter only for academic founders inside as well as outside the region. In contrast, the start-up activity of non-academic founders coming from inside or outside the region cannot be explained with knowledge intensity of the region. Our empirical results suggest that knowledge spillovers matter, but these spillovers only attract founders with high affinity to research. --Biotechnology,start-ups,economic geography,intellectual capital,count data model

Do stronger intellectual property rights increase international technology transfer? Empirical evidence from U.S. firm-level panel data

One of the alleged benefits of the recent global movement to strengthen intellectual property rights (IPRs) is that such reforms accelerate transfers of technology between countries. The paper examines how technology transfer among U.S. multinational firms changes in response to a series of IPR reforms undertaken by 12 countries over the 1982-99 period. The analysis of detailed firm-level data reveal that royalty payments for intangibles transferred to affiliates increase at the time of reforms, as do affiliate research and development (R&D) expenditures and total levels of foreign patent applications. Increases in royalty payments and R&D expenditures are more than 20 percent larger among affiliates of parent companies that use U.S. patents more extensively prior to reform and therefore are expected to value IPR reform most.Environmental Economics&Policies,ICT Policy and Strategies,Real&Intellectual Property Law,General Technology,Banks&Banking Reform,Environmental Economics&Policies,Real&Intellectual Property Law,ICT Policy and Strategies,General Technology,Education for the Knowledge Economy