Intellectual Capital and Its Role in the Development of the Company

Abstract

The study considers the process of forming the intellectual capital of the company. Special attention is paid to the evolution of the theory of the intellectual capital to clarify the content of this socio-economic phenomenon. Various scientific approaches to the definition of the intellectual capital and its structure are studied, its main features are identified, the conditions and factors for the formation of the intellectual capital of the company are determined. The authors analyze various methods for assessing the intellectual capital, identifying the advantages and disadvantages of existing approaches to calculating the intellectual capital of the company. Due to the lack of a single calculation variation, some criteria are proposed that ensure the selection of the most productive method for assessing the intellectual capital of the company. Having studied institutional conditions for the formation of the intellectual capital in the modern economy of Russia, the authors identify priority measures to improve the Russian institutional environment to develop the intellectual capital.