Трапезникова Елена Валерьевна
Accumulation of Intellectual Resources: a Comparative Analysis of European and Russian Companies
The paper compares intellectual capital accumulation process in the context of developed and developing countries. Intellectual capital accumulation is supposed to be relatively new and highly discussed field of study. However, it is even more valuable not only to measure IC endowments but to find ways for its management in comparison to benchmark companies. The study employs the concept of intellectual capital measurement as a theoretical framework. Empirical part of the study investigates accumulation and amortization rate for European and Russian companies employing the model of intellectual capital accumulation proposed by Sydler et al. (2014). There is used a database of more than 250 Russian and 1400 European public companies over the period 2004-2014 for necessary calculations. The key findings are significant differences in intellectual capital expenses, different structures of that expenses and structurally different intellectual capital accumulation processes. There are numerous limitations concerning modeling and data. The implication of study is that European companies can be treated as benchmarks in relation to Russian ones, what can be useful for knowledge management and strategic policy development.