THE VALUE OF INTELLECTUAL CAPITAL OF THE PORTUGUESE COMPANIES

Maria Manuela Martins, Ana Isabel Morais, Helena Isidro

Abstract


To determine the value of intellectual capital was used the VAIC ™ model (Value Added Intellectual Coefficient).  This is a model widely used to measure the efficiency of intellectual capital. The model was applied to companies listed on Euronext Lisbon without interruption from 2001 to 2009. The companies were grouped by high and low technology. The results indicate that the average value of VAIC ™ is slightly higher in the group of high-tech companies.

It was unable to determine a relationship between the company's profitability and VAIC™ components.


Keywords


Intellectual Capital, VAIC™, Portugal, Human Capital.



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