Model for calculating the intellectual capital of research centres

• Published in: Journal of intellectual capital Vol. 19; no. 4; pp. 787 - 813
• Main Authors: Loyarte, Edurne, Garcia-Olaizola, Igor, Marcos, Gorka, Moral, María, Gurrutxaga, Nora, Florez-Esnal, Julian, Azua, Iñaki
• Format: Journal Article
• Language: English
• Published: Bradford Emerald Publishing Limited 10.07.2018; Emerald Group Publishing Limited
• Subjects: Capital markets; Decisions; Innovations; Intangible assets; Intellectual capital; Intellectual property; Knowledge management; Libraries; Literature reviews; Mathematical models; Product development; R&D; Research & development; Research & development expenditures; Research centers; Research facilities; Researchers; Tacit knowledge; Valuation; Intellectual capital; Research technology centre; Knowledge management; Intellectual property; Intangible assets; R&D valuation
• ISSN: 1469-1930; 1758-7468
• DOI: 10.1108/JIC-01-2017-0021

Purpose The purpose of this paper is to develop a model to help RTC managers in the technological and R&D decisions and bets so as to change the perceived value of the R&D projects of the centres. To achieve this aim, the paper investigates the different models for the valuation of intangible assets. Design/methodology/approach The paper presents a single case study and focusses on creating a useful IC valuation model for the centre, using existing methods and frameworks in IP and IC fields. Findings The paper presents a new method for the calculation of IC applied to a RTC in ICT sector, in which the valuation of the IP is included (software libraries) and the KM and the peculiarities of these kinds of organisations are explained. The model is based on Edvinsson and Malone (1997) and Leitner (2005). Research limitations/implications Although the use of a single case provides rich data, it is also limits the generalisability to other RTCs. Another limitation is that not all existing methods were explained. This new method constitutes a first proposal for the IP and IC valuation in RTCs and further discussion and development would be carried out in the future. Practical implications The results suggest an IP and IC measurement model to improve the strategic and technological decisions making. Social implications This paper may favour the competitiveness of companies engaged in intangible assets (knowledge, R&D) and the negotiation of the contracts since it arrives to determine a value for the intellectual property (software libraries) and intellectual capital. Originality/value This paper proposes an IC Model orientated towards an RTC context and to provide a value perspective for them. The authors are practitioners and the model is in use.