Assessment of intellectual capital influence on corporate value as a field for further investigations in corporate finance (N.V. Feruleva, I.V. Ivashkovskaya, сетевое издание "Электронный журнал "Корпоративные финансы" Journal of Corporate Finance Research", N 1, 2018 г.)

Feruleva N.V., Ivashkovskaya I.V. Assessment of intellectual capital influence on corporate value as a field for further investigations in corporate finance

N.V. Feruleva - postgraduate student, doctoral school of Economics, National Research University Higher School of Economics, Moscow, Russialecturer of the Department of accounting, analysis and auditing, National Research University Higher School of Economics, Nizhny Novgorod, Russia

I.V. Ivashkovskaya - doctor of Sciences in Finance, Monetary Circulation and Credit, Doctor of Sciences in Economics and National Economy Management, Professor, head of School of Finance, head of corporate finance center, National Research University Higher School of Economics, Moscow, Russia

This study presents the results of an empirical study analysis about the impact of intellectual capital on corporatevalue. The aim of this study is to identify the direction for research development dealing with the impact of intellectual capital on business value, financial performance indicators, and the indicators that reflect the state of the individual components and subcomponents of intellectual capital. This study used general scientific methods such as comparison, deduction, induction and analysis.

Based on the results of the literature review, it was shown that when developing a model for assessing the impact of intellectual capital on business value and the performance indicators of business activities, it is necessary to include the factors that describe the state of all the components and subcomponents of intellectual capital, as well as the synergistic effects caused by the interaction of the individual components of intellectual capital. In addition, it makes sense to include the factors that describe the state of the components of intellectual capital for prior periods of time in the model.

At the present time, there is also a need for research on the evaluation of the mutual influence of the individual components and subcomponents of intellectual capital. In order to identify the industry specificity of the influence of the intellectual capital components on business value, the developed models should be tested separately using data of companies from different industries. When carrying out the analysis, it is important to take into account the factors related to the company's external environment, such as the level of economic development of the country in which the company operates, as well as fluctuations in economic activity.

Keywords: intellectual capital, financial performance, market value, empirical studies, intellectual capital components

Assessment of intellectual capital influence on corporate value as a field for further investigations in corporate finance

Авторы

N.V. Feruleva - postgraduate student, doctoral school of Economics, National Research University Higher School of Economics, Moscow, Russialecturer of the Department of accounting, analysis and auditing, National Research University Higher School of Economics, Nizhny Novgorod, Russia

I.V. Ivashkovskaya - doctor of Sciences in Finance, Monetary Circulation and Credit, Doctor of Sciences in Economics and National Economy Management, Professor, head of School of Finance, head of corporate finance center, National Research University Higher School of Economics, Moscow, Russia

Сетевое издание "Электронный журнал "Корпоративные финансы" Journal of Corporate Finance Research", N 1, 2018 г.