| Description |
77 pages ; 30 cm |
| Series |
ISR new economy issues paper ; no. 1 |
|
ISR new economy issues paper ; no. 1
|
| Summary |
The rise of the new, more knowledge-based economy has driven the need to reexamine the key economic drivers of growth and well being. One such factor that is rapidly gaining prominence is intellectual capital. This paper reviews several internal and external measures of intellectual capital. Internal measures such as the Balanced Scorecard are used to manage, guide and enhance a firm's intellectual capital so it can be leveraged to generate greater value for the company. External measures, which include market-tobook value, Tobin's Q and Real Option Theory focus on investors and others attempting to value a company (provides a signal to external parties). Here, greater emphasis is placed on external reporting and consequently is subject to accounting standards and financial regulations - although, a specific accounting standard that adequately addresses intangibles has yet to be developed. This paper also examines the current state of play, both in Australia and overseas and reports on the concerns raised if the International Accounting Standard on intangibles (IAS 38) was to be adopted in Australia |
| Analysis |
Electronic resource |
| Notes |
"This version of the paper includes technical detail and bibliography; a shorter less technical version is also available at www.isr.gov.au/industry/kbe/publications/index.html" |
|
"Business Competitiveness Division, Department of Industry, Science and Resources, Canberra, June 2001" - cover |
|
"ISR 2001/142" |
| Bibliography |
Includes bibliographical references (pages 71-77) |
| Notes |
Also available online via the World Wide Web |
|
Commonwealth of Australia 2001 |
| Subject |
Intellectual capital.
|
|
Technological innovations -- Australia -- Management.
|
|
Intellectual capital -- Management.
|
| Author |
Weir, Tony.
|
|
Wykes, Janice
|
|
Australia. Department of Industry, Science, and Resources. Business Competitiveness Division
|
| ISBN |
0642721831 |
|
